by Jesse Colombo, Silver Seek:
An overview of several price projection methods, all of which point to a short-term target of around $50 for silver. In the long run, however, silver is likely to go much higher.
I love it when a plan comes together. And the plan I’m speaking of here is the bull market in silver I’ve been predicting and writing about non-stop since April of 2024. While silver has steadily climbed since then, the road has been rocky as it advanced in a three steps forward, two steps back manner.
But in June, silver finally broke out above the major $32 to $35 price ceiling that had been impeding its progress, and I said at that time that I believed silver had entered a new phase of its bull market that would be much more powerful and resilient.
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Sure enough, that is what we are now seeing happen, and I believe it is just getting started. In today’s update, I want to give you a credible reason to believe that silver hitting $50 and beyond is actually realistic in September or October.
Let’s first take a look at the spot price of silver and how it finally broke above the $32 to $35 resistance zone that acted as a ceiling throughout much of 2024 and early 2025.
When silver broke out in early June, it was a clear sign that a major shift had occurred and that a new bull market was underway. Sure enough, silver is now soaring and has just surpassed the key psychological $40 level for the first time in fourteen years.
I see strong parallels between silver’s struggles beneath the $32 to $35 resistance zone and gold’s struggles from 2020 to 2024 below its $2,000 to $2,100 resistance zone.
That resistance kept gold suppressed for years until it finally broke out, triggering the powerful bull market it remains in today.
Now that silver has decisively broken out as well, there is a strong chance it will follow a similar path, and it will likely even outperform gold in the near future.
