Silver has surged past $35 per ounce, hitting a 13-year high and gaining serious momentum. Analysts are now eyeing the next major milestone: silver’s all-time high of $50.36, last reached in 2011.
Several key factors are fueling the rally:
- Technical momentum: After bouncing off support near $28.50, silver has broken through resistance levels and could accelerate quickly—just like it did in 2011.
- Supply deficit: The market is facing a fourth straight year of supply shortfalls, with above-ground inventories shrinking and liquidity tightening.
- Industrial and investor demand: Physical demand—especially from China—continues to grow, while silver’s industrial use adds fundamental strength. Meanwhile, ETFs have room to catch up, potentially adding more fuel to the rally.
Some traders believe silver is just getting started—and that the $50 mark isn’t just a memory, but a near-term target.
At Allenhouse Metals, we believe silver remains one of the most undervalued opportunities in today’s market—especially as both a store of value and a critical industrial asset.
