Can Silver Reclaim Its $121 All-Time High Before May Ends?
Tech Can Silver Reclaim Its $121 All-Time High Before May Ends? Silver (XAG/USD) trades near $79 after a 3% intraday jump cleared a multi-month resistance shelf, with the dollar simultaneously sliding inside its own falling channel. The setup combines a structural pattern, an inverse macro driver weakening in lockstep, and a futures positioning read that hints at a quiet but persistent bullish lean. Whether silver can chase its $121.65 all-time high depends on which signal wins out. Silver Builds Continuation Setup After 167% Surge Silver surged 167% from its October 2025 low at $45 to an all-time high of $121 in late January. Since that peak, the metal has traded inside a falling channel, a structural pattern bounded by two parallel descending trendlines. Falling channels are not always bearish. When they form after an extended rally, they often resolve as continuation patterns. The structure marks a pause before the prior trend resumes. Silver Falling Channel Pattern: TradingView Todays session pushed silver about 3% higher to roughly $79. The move broke above a multi-month resistance shelf that had capped every prior rally attempt. The resistance shelf is revealed later in this piece. For now, the next hurdle would be the upper trendline of the channel. If that breaks, bullish