Silver appears to be completing a multi-decade logarithmic cup and handle pattern after successfully reclaiming the neckline near the 1980 and 2011 highs. While long-term chart patterns should always be treated with caution, sustained price acceptance above this breakout level would strengthen the bullish structural case. If confirmed, the measured move projects substantially higher prices over the coming years. As always, the breakout must continue to hold before the pattern can be considered validated.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.