Is that a 46-year big base on silver?

Could silver be forming a 46-year base? Technical analysis shows what’s possible. This blog, along with last week’s Charted Market Insights report, noted that silver (XAGUSD) could surpass its 2011 and 1980 peaks at $49.45–$49.53. But what if XAGUSD sustains a breakout above these levels?

Such a move could complete the “mother of all” cup-and-handle patterns — a bullish setup 46 years in the making. If silver decisively clears $49–$50, this long-term base could point to targets of $85, and potentially even $95, over the longer term.

Chart 1: Silver (XAGUSD): Monthly chart