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2025-06-05
11:19
Silver Price Hits New Cycle High: Cup & Handle Pattern Signals Potential Surge Toward 2011 Levels

According to Mihir (@RhythmicAnalyst), silver has reached a new high for its current cycle, which began in January 2018, and is now approaching its January 2011 peak. The completion of the cup and handle pattern, as highlighted in Mihir's analysis, suggests a bullish breakout could be imminent. Traders are closely monitoring this technical formation, as a break above resistance may drive further upward momentum, impacting not only the silver market but also correlated crypto assets like tokenized commodity ETFs and precious metals-backed cryptocurrencies (Source: Mihir on Twitter, June 5, 2025).

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