SILVER Multi year Breakout in the works. SLV /SI

– Silver Setting Up for a Multi-Year Breakout
Silver is quietly coiling under a major 10+ year breakout level, and is right in the center of it — with a powerful setup developing.

🔹 Long-Term Breakout Level: $31.75

is pressing up against $31.75, a key breakout spot that hasn't been breached in over a decade.

We're currently printing two inside days following a power candle — classic tension-building price action.

🔹 Sector Tailwinds

Gold () is up over 1% today — if silver catches up, could explode.

A green day here could confirm the strength we need to trigger a move through that decade-level resistance.

🔹 My Trade Plan:
1️⃣ Initial Entry: Looking to go red-to-green on today’s candle.
2️⃣ Add on Confirmation: Double up on a clean breakout over $31.75.
3️⃣ Execution: Using a mix of calls and /SI silver futures contracts to capture the move.
4️⃣ Stop: Below inside day lows or Friday’s low depending on the entry timing.

Why I Like This Setup:

Massive long-term breakout on deck = explosive potential.

Inside days = tight risk, big reward.

Sector momentum is lining up with a clean, tradable chart pattern.

Trade active

The breakout is starting. both si and slv are breaking through

kunal00

📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com

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kunal00

📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com

Also on: