When Exactly Will Silver Hit $50 An Ounce?

11.25.24 - When Exactly Will Silver Hit $50 An Ounce?

Gold last traded at $2,710 an ounce. Silver at $31.27 an ounce.

When Exactly Will Silver Hit $50 An Ounce? -Investing Haven

Silver can and will hit $50 an Ounce. On October 18th, 2024, silver cleared THE most important breakout point at $33. This implies that silver will hit $50, most likely before next summer.

This article provides insights into the conditions for silver to hit $50. In sum, we do expect the big silver run to start in 2024 and move to $50 in two phases which will be reached either late 2024 or mid-2025.

The first target area is $34.70 to $37.70 - to be hit in 2024.

 The second target area is $48 to $50 - to be hit before May 2025.

The question to predict the timing of a price rally is a common intellectual challenge among investors seeking to better understand the silver market.

In October 2024, silver broke out to new multi-year highs when it cleared its secular breakout point $32.70. We consider $32.70 by far THE most important price point for silver. Silver price chart analysis combined with leading indicator analysis suggests that silver will rise to $50 once it clears $32.70.

As long as leading indicator gold remains in an uptrend, silver should overtake gold, at a certain point in time, as explained here.

In a way, silver M&A activity is already on the rise, in a way confirming that silver has a long way to go. This is almost a hint that silver is about to rise to $50.