Silver Futures Breaks Bullish Pattern, Eyes All-Time High Revisit

A bullish pattern has formed in Silver USD per ounce Futures (Feb 2027), hinting at a potential 'moonshot' in the asset. The Falling Wedge pattern, confirmed by both volume increase and RSI breakout into bullish territory, has price already breaking above the pattern. The conservative target for this trade is set to revisit the all-time high of $121.8, which is 78% away from the current price.

The invalidation area is below the bottom of the pattern at $55, indicating a significant risk if the price were to fall below that level. A Volume Profile indicator was added to spot the largest barrier within the $74-81 range, where the next largest volume on futures was traded.