Silver Prices Above $50 - Spot Price Analysis

By now, you've likely heard that much of the reason for this move to new all-time highs in silver is based upon what appears to be a shortage of metal in tonnage size in London. I discussed this last week with Josh Phair, the CEO of Scottsdale Mint, and you should be sure to listen to what Josh had to say. 

The question now for silver investors: Is this the start of a massive new rally where silver "catches up" to gold OR is this just going to be another failed attempt at new highs with another massive setback on the horizon? The key to the answer can be seen in the charts, especially the chart of gold over the past 18 months. 

Gold’s Parabolic Move: A Template for Silver?

Much has been made of gold and its supposed "parabolic move" and "blowoff top". However, there's really nothing unusual about it. As you can see below, ever since price broke out to new all-time highs above $2000 in late 2023, gold has moved steadily higher in stages of 20% rallies, followed by periods of consolidation. The dollar gains are larger as the numbers get bigger, but if you look closely, all of the breakout rallies are in the range of 20% or so. 

Gold - Weekly Nearest Candlestick Chart 

Cumulatively, since gold broke out to new all-time highs with the first surge that began on March 1, 2024, its price has doubled from $2150 to $4300...in just 18 months! 

Could Silver Follow Gold’s Explosive Path?

So, could silver be ready to follow? Again, the key appears to be the $50 level, and every day and week that it remains at $50+, the chances grow that it will also double in price. 

Here are two more charts to consider. If we climb into The Wayback Machine and plot the gold price all the way back to 1979, we get the chart below. Because of the time and price changes involved, we need to use a logarithmic scale instead of a simple linear scale. On the chart below, notice how price really got going here in 2025, once it broke the red line: 

Gold - Monthly Nearest Candlestick Chart 

Well, what happens if we look at silver the same way? Hmmm...interesting! 

Silver - Monthly Nearest Candlestick Chart 

Watching Silver Price Levels Closely

As such, it really does appear that this level around $50 or just above is extremely important for the long-term trend in the silver price. If price bases here just north of $50 and then begins to move higher, there won't be much to stop it. 

So, keep a close eye on price in the days and weeks to come. Any move deeper into the $50s will very likely foreshadow for silver the type of gains seen in gold over the past 18 months.