Alex Dudov
⬤ Silver prices have finally broken free from the ceiling that held them down for over 13 years. XAG pushed past the 2011 highs near $50 and accelerated straight to the $67 zone, marking a decisive end to more than a decade of range-bound trading.
⬤ The November-December rally tells the story clearly: roughly 16% gains in November, followed by another 19% climb through December. Once silver cleared that stubborn $50 resistance level, buying momentum took over and pushed prices into the upper $60s in less than eight weeks.
⬤ What makes this move different from past attempts is the follow-through. The 2011 peak marked the previous all-time high before silver entered years of decline and sideways movement. This time, instead of getting rejected at the old ceiling, price pushed through and kept climbing. The market structure has shifted entirely, with silver now trading in a completely new range.
⬤ This breakout matters beyond just the silver chart. The metal sits at the intersection of industrial demand and macro conditions, so sustained strength above a multi-decade high tends to ripple through precious metals and related sectors. Whether this momentum continues or gives way to consolidation after such a sharp run will likely shape the next phase of the precious metals market.
Alex Dudov
