Silver Showing Sign of Strength after break out, more potential to go up as per wyckoff third principle.

Looking at the Silver ETF through the lens of the Wyckoff Method, we are seeing strong harmony between price and volume. Specifically, the Third Principle (Effort vs. Result) is showing that the supply has been fully absorbed by “Smart Money” over a 15-year accumulation base (2013-2024).

https://preview.redd.it/qmtkxc21z2bg1.png?width=575&format=png&auto=webp&s=0ab486466528dab66cef4dafb18446337808b070

Key Takeaways from the Analysis:

• Effort vs. Result: The recent volume surge relative to price movement confirms a “Sign of Strength” (SOS), indicating the path of least resistance is now officially to the upside [06:11].
• The Cause: Silver has spent over a decade building a massive “cause.” According to Wyckoff’s Law of Cause and Effect, a 15-year base supports a massive move [04:15].
• Price Targets: * Short-term: $84 – $95 [08:24]
  • Long-term: $122 – $139 [08:31]

The breakout past the $48.35 range is critical. We might see a retest of the $47-$50 zone as a Last Point of Support (LPS) before the next parabolic leg up [07:50].

I’ve put together a full breakdown of the macro charts and the sub-count calculations here:

Watch the full analysis here:https://youtu.be/Cn7JPrFVzUQ?si=HpGbmt9Cy-HmgB6X

Would love to hear your thoughts—do you think the $50 resistance turns into permanent support this time?