Silver is up roughly 3% today and now trades just above $80 per ounce. That is the highest level in a month. The metal has quietly broken out of a consolidation phase that kept it trapped between $72 and $78 for several weeks.
Most traders focused on gold’s rollercoaster and Bitcoin’s pump past $74,000, silver has been building a stealth rally. Two analysts on X have now confirmed that Wave 5 is underway, with a final target of $150.
The breakout is not flashy. It is slow, steady, and exactly the kind of move that precedes a major leg higher.
Economic Office’s Silver Price Prediction – Wave 4 and Y Completed
The X account Economic Office posted a 12‑hour XAGUSD chart (OANDA) showing the complete Elliott Wave structure. The silver chart labels Wave I, II, III, IV, and now Wave V. The correction that started after Wave 3 unfolded in a W‑X‑Y format.
Wave W completed, Wave X made a reaction rise, and Wave Y finished recently. The descending red trendline on the chart was broken to the upside and confirmed. That red line had acted as a ceiling for months, rejecting every rally attempt. Now price is trading comfortably above it.
The 12‑hour chart also shows the silver price holding support near $72‑$73 on multiple tests. Each bounce off that zone became shallower, indicating that sellers were exhausting themselves. The breakout above the red trendline came with a clean candle close, not a wick. That indicates real buying pressure, not a false breakout.
Economic Office states that Wave 4 and Wave y are completed. With the subsequent upward wave, the red trendline break confirms the start of Wave 5. The target for this wave is $150. The chart’s vertical scale extends all the way to $150, which reinforces that the analyst sees this as a multi‑month journey, not a short‑term spike.
Read also: How High Can Silver Price Go This New Week?
Rashad Hajiyev’s Analysis – Slow Breakout in Progress
Rashad Hajiyev posted a 300‑minute XAG/USD chart showing a steady grind higher. Price currently sits at 76.7335 on that chart, but the trend is clearly up. The chart displays a series of higher lows and higher highs.
Resistance near $80 has been tested multiple times and is starting to give way. The moving averages are beginning to curl upward, and the price has held above the 50‑period line for several consecutive candles.
Hajiyev notes that silver’s breakout is in progress – slowly, but surely. Another big leg up might be developing without much attention. He says that is exactly what the market needs. When a breakout happens quietly, without hype or retail FOMO, it tends to be more sustainable. The 300‑minute chart shows volume increasing gradually, not spiking. That indicates accumulation rather than a one‑off pump.
The next levels above are $84, $88, $92, and then $100. Beyond that, the path to $150 aligns with Economic Office’s wave count. Hajiyev does not give a specific target, but his tone indicates he expects much higher prices from here.
Overall, both analysts agree: the breakout is real, Wave 5 is underway, and silver is headed much higher. The slow, quiet nature of this move is a bullish sign. If silver clears $85 with volume, $100 comes into play quickly, and $150 becomes a realistic 2026‑2027 target. Investors who ignore this stealth rally may regret it when the mainstream media finally notices.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
