The Great Silver Breakout of 2025

This week, I have a couple of compelling Silver charts to share that indicate it could be poised for an historic breakout and impulsive run to all time highs and beyond. This first is a quarterly bar chart that defines Silver as a 45-year cup & handle pattern. Some of you have likely been following this pattern for many years, as the handle first began to become apparent when Silver began bottoming a decade ago after collapsing from its 2011 high. What makes this chart worth pulling up now is that we can finally say that the pattern is either complete or very nearly so. The long-awaited breakout, if this pattern is the real deal, should commence over the remainder of this year.

While the ultimate cup & handle measured move into the multiple-hundreds is indeed exciting for many veteran Silver investor, I want you also to note the orange resistance line in the cup and the orange resistance clone in the handle. In real time, the cup's orange resistance line would not have been clear until the final backtest. However, today we have the benefit of history to see what happened following that backtest and how that might relate to the breakout from the handle's resistance clone. It is a breakout from that very line that may just well have provided the energy for Silver to finally escape its cup & handle this year.

As we prepare to close the mid-year, let's also take a look at Silver's six-month line chart. What should be immediately clear is that Silver is currently well above its six-month all-time closing high of $34.65! For Silver to really get going, it also needs to breakout from its all-time resistance line, currently around $38. Certainly, there is little doubt that the breakout from the 15-year bull pennant in 2023 was a huge milestone for Silver, and if there is enough fuel in the tank to take it to the $40 area by year's end, we may be talking about the Great Silver Breakout of 2025 for generations to come.