Silver (XAGUSD) – Cup & Handle on the Monthly ChartSILVER (US$/OZ)TVC:SILVERabsikoSilver (XAGUSD) – Cup & Handle on the Monthly Chart 🔹 Technical Overview The long-term chart of Silver shows the development of a massive Cup & Handle pattern. The “cup” formed from the 1980 peak down to the 1990s lows, followed by a long recovery to retest the 2011 highs. Price is now trading in the potential handle phase, consolidating in the 38–39 USD zone. 🔹 Key Levels Major Support (long-term): 3.47 – 4.00 USD. Strategic Support: 26–30 USD zone. Major Resistance: 48.00 USD – neckline of the pattern. Targets if breakout confirms: First target: 161 USD. Extended target: 616–664 USD (ultra long-term). 🔹 Interpretation As long as price remains below 48.00, the breakout is not confirmed. A monthly close above 48.00 would validate the Cup & Handle formation and open the door to much higher levels. If price loses the 26–30 USD zone, the bullish scenario is weakened and may be delayed. 🔹 Conclusion Silver is at a critical long-term inflection point. A confirmed breakout above 48 USD could trigger one of the largest bullish waves in its history, while failure to break out keeps price locked in a wide consolidation. 📝 Quick Key Points 📊 Long-term Cup & Handle formation. 📍 Major support: 3.47–4.00 USD. 📍 Critical resistance: 48.00 USD. 🎯 Breakout targets: 161 → 616+ USD. ⚠️ Loss of 26–30 USD weakens the bullish case.