Can Silver Price Ride the Ceasefire Wave Past $100? A Falling Dollar Opens the Door
BeInCrypto
Silver's potential climb to $100 depends on a technical cup breakout, a weakening US dollar, and renewed physical demand.Summary
Silver is currently forming a cup pattern on technical charts, suggesting potential growth toward $100 if it clears the $77.73 neckline. This bullish setup is supported by a weakening US Dollar and shifting options market sentiment following a US-Iran ceasefire. However, long-term success requires futures market tightening and sustained macro momentum to confirm the breakout and avoid a potential failure of the pattern.
(Source：BeInCrypto)