{"id":42380,"date":"2026-02-20T16:21:26","date_gmt":"2026-02-20T08:21:26","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=42380"},"modified":"2026-02-20T16:21:26","modified_gmt":"2026-02-20T08:21:26","slug":"silver-tests-79-as-triangle-break-looms","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/silver-tests-79-as-triangle-break-looms\/","title":{"rendered":"Silver Tests $79 as Triangle Break Looms"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"573\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/Silver5-1024x573.webp\" alt=\"\" class=\"wp-image-42387\"\/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Silver trades at $78.908, up 0.57%, testing triangle resistance near $79<\/li>\n\n\n\n<li>Break above $79 targets $86; failure risks pullback toward $76 and $72.20<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<p>Silver (XAG\/USD) traded higher early Friday at <strong>$78.908 (+0.447, +0.57%)<\/strong>, pressing against short-term resistance near <strong>$79<\/strong>. The metal has spent the past two weeks compressing within a triangle pattern, where lower highs and higher lows narrowed price action and reduced volatility.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">After a record-breaking rally in silver prices, coin and jewelry shops are seeing a rush of customers seeking to cash in on their collectibles, silverware and family treasures <a href=\"https:\/\/t.co\/N4wTm4VkeR\">https:\/\/t.co\/N4wTm4VkeR<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2021955004941086997?ref_src=twsrc%5Etfw\">February 12, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Earlier this month, silver stalled near <strong>$92<\/strong> and <strong>$86<\/strong>, establishing the <a href=\"https:\/\/x.com\/business\/status\/2021955004941086997?s=20\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">upper boundary of the broader consolidation<\/a>. Since then, momentum has cooled, and price has gradually coiled within the range. A sustained break above <strong>$79<\/strong> would mark a structural shift, suggesting buyers are regaining control.<\/p>\n\n\n\n<p>However, triangle breakouts require confirmation. Intraday spikes above resistance can quickly reverse without strong volume and daily closes above the level.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Macro Drivers in Focus<\/h2>\n\n\n\n<p>Geopolitical tensions, particularly around Iran, have supported safe-haven flows into precious metals. Gold remains firm above <strong>$5,000<\/strong>, offering a broader tailwind for silver.<\/p>\n\n\n\n<p>Attention now turns to the <strong>PCE inflation report<\/strong>, the Federal Reserve\u2019s preferred inflation gauge. Softer inflation could weaken the US dollar and lower yields, supporting non-yielding assets such as silver.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Fed officials are signaling renewed worries over inflation, with \u201cseveral\u201d policymakers suggesting the central bank may need to raise interest rates again: Here\u2019s your Evening Briefing <a href=\"https:\/\/t.co\/u1shT9lYwx\">https:\/\/t.co\/u1shT9lYwx<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2024257290786713829?ref_src=twsrc%5Etfw\">February 18, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Conversely, hotter data would likely lift Treasury yields and strengthen the dollar, creating headwinds for precious metals.<\/p>\n\n\n\n<p>With US yields sensitive to inflation expectations, silver\u2019s next directional move may hinge more on macro data than technical patterns alone.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Technical Analysis<\/h2>\n\n\n\n<p>Silver (XAGUSD) is trading near <strong>78.91<\/strong>, up roughly 0.6% on the session, attempting to stabilise after the sharp pullback from the recent peak at <strong>121.62<\/strong>.<\/p>\n\n\n\n<p>The daily chart shows a clear shift from strong bullish momentum to a corrective phase following the late-January spike and aggressive sell-off.<\/p>\n\n\n\n<p>Price is currently hovering around the <strong>5-day (76.91)<\/strong> and <strong>10-day (78.55)<\/strong> moving averages, while the <strong>20-day (85.97)<\/strong> and <strong>30-day (88.28)<\/strong> averages remain above current levels and are beginning to slope downward.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/image-23-1024x477.jpg\" alt=\"\" class=\"wp-image-42382\"\/><\/figure>\n\n\n\n<p>This configuration reflects lingering short-term weakness, with rallies likely to encounter resistance as price approaches the 20-day zone.<\/p>\n\n\n\n<p>Immediate support lies around <strong>75.00\u201376.00<\/strong>, followed by stronger structural support near <strong>70.00<\/strong>, which acted as a consolidation base during the prior uptrend.<\/p>\n\n\n\n<p>On the upside, a sustained move back above <strong>86.00<\/strong> would be needed to signal a meaningful recovery and shift momentum back in favour of the bulls. Until then, silver appears to be in a corrective consolidation phase within a broader elevated price structure.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Market Implications<\/h2>\n\n\n\n<p>The setup for silver appears constructive but remains unconfirmed. A daily close above <strong>$79<\/strong> with strong volume would increase the probability of a push toward <strong>$86<\/strong>, particularly if PCE data supports rate-cut expectations.<\/p>\n\n\n\n<p>If inflation surprises to the upside, silver may struggle to hold gains. In that scenario, a move back toward <strong>$76\u2013$75<\/strong> becomes more likely, with <strong>$72.20<\/strong> acting as a deeper support level.<\/p>\n\n\n\n<p>For now, traders face a defined structure. The triangle offers clear risk parameters. The next decisive catalyst is likely to come from inflation data and dollar direction.<\/p>\n\n\n\n<p><strong>Learn more about trading <a href=\"https:\/\/www.vtmarkets.com\/precious-metals\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Precious Metals<\/a> on VT Markets <a href=\"https:\/\/www.vtmarkets.com\/Insights\/\" target=\"_blank\" rel=\"noopener\" title=\"\">here<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Silver trades near $78.90 as a triangle breakout forms; $86 resistance and $76 support in focus ahead of PCE data. | VT Markets<\/p>\n","protected":false},"author":64,"featured_media":42387,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[13,14],"class_list":["post-42380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-precious-metals","tag-silver"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/42380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=42380"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/42380\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/42387"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=42380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=42380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=42380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}