Silver (XAG/USD) price trades at $77.31 on April 8, forming a cup pattern on the 12-hour chart with a 32% breakout projection that puts triple digits within range.
The setup arrives as the US-Iran ceasefire crashed Brent crude 15%, dragging the US Dollar Index (DXY) down 1.63% from its April 6 high. A weaker dollar traditionally lifts the silver price because the metal becomes cheaper for foreign buyers. Whether this macro tailwind translates into a confirmed breakout depen