Usman Salis
⬤ Silver futures pushed past $64 on Thursday, hitting a record high during December's powerful rally. The Silver March 2026 contract spiked sharply during afternoon trading, entering territory it's never seen before. This move represents one of the year's most impressive surges in the metals market.
⬤ Price action shows silver rocketing from below $60 earlier this month to above $64 in an almost vertical climb. The breakout punched through previous resistance levels, confirming the uptrend that's been building since mid-November. The technical picture shows a clear pattern of higher highs and higher lows throughout this rally.
The chart shows a clean upside breakout from earlier consolidation and a rapid upward extension, reflecting intense trading activity as price reached its new peak.
⬤ Market sentiment around silver has turned notably bullish as the trend accelerated. After climbing steadily through November and early December, the contract exploded into the mid-$64 range on Thursday—a level futures have never touched before. Trading activity intensified as buyers pushed prices to this new milestone.
⬤ This breakout matters because it puts silver in completely new territory. Breaking past a major psychological level reinforces the bullish momentum and signals stronger demand. The record high adds to the story of strengthening precious metals performance and shows silver playing a bigger role in recent market action.
Usman Salis
