Silver recorded a historic late December breakout after rallying from around fifty dollars an ounce to above eighty three dollars.
The precious metal later pulled back slightly as traders locked in profits following the surge.
Spot silver was trading near seventy six dollars after retreating from an intraday peak of eighty three point six two dollars.
Silver has gained roughly one hundred eighty one percent year to date in twenty twenty five.
Analysts attributed the rally to expectations of looser United States monetary policy next year.
Strong industrial demand and investor interest also contributed to the move.
Persistent supply shortfalls have tightened the silver market further.
Silver’s designation as a United States critical mineral added a policy driven supply narrative.
The silver breakout has drawn comparisons within the cryptocurrency market.
Analyst Cantonese Cat shared a visual comparison linking silver’s recent structure to Dogecoin’s longer term chart.
The comparison suggests Dogecoin’s six month chart resembles silver’s three day pattern from weeks earlier.
The analyst framed a large Dogecoin sell off candle as a potential cyclical bottom.
The projection does not imply an immediate surge but a prolonged multi year trend.
The proposed model outlines nine six month candles spanning roughly four years.
Seven of the projected candles are green with one red candle anticipated mid cycle.
The lone red candle is projected for the first half of twenty twenty seven.
If the fractal holds the cycle peak could arrive in the second half of twenty twenty nine.
The analyst suggested a potential peak price above eleven dollars during that period.
The comparison follows an earlier Dogecoin wave analysis shared in December.
We’ve already had a thirteen month bear market for DOGE with this likely being a wave two correction.
Cantonese Cat said.
The weekly chart labels the prior advance as wave one and the decline as wave two.
Key retracement levels were highlighted below the current price range.
Multiple resistance levels were mapped above current Dogecoin prices.
Higher extension targets were also identified using Elliott Wave projections.
The analyst stressed that upside targets depend on Dogecoin reclaiming prior highs.
Market participants noted the scenario remains speculative and conditional.
The analysis underscores growing interest in long term crypto technical frameworks.
At the time of reporting, Dogecoin price was $0.1229.