Eseandre Mordi
Barchart reports that silver doesn't usually move like this. The March 2026 futures contract (SIH26) has been grinding higher month after month, and if it closes the current period in the green, it will mark 10 consecutive monthly gains — the longest winning streak ever recorded for the contract. That kind of consistency in a commodity market is almost unheard of, and it's worth taking a closer look at what's driving it.
Silver Inches Toward an Unprecedented Streak
The monthly chart tells the story clearly. SIH26 spent much of 2023 trading below the $30 level, then began a steady series of higher closes that accelerated sharply through mid-2024 and into early 2026. The result is a steep, almost uninterrupted climb to the current print near $87.37. As silver price analysis highlighting a 175% rally from 2022 to 2025 shows, this move didn't come out of nowhere. It's the product of years of building momentum finally breaking into full stride.
Each pullback along the way has been absorbed quickly, with buyers stepping back in before any real damage could be done. That kind of price behavior is typical of trends driven by genuine conviction rather than short-term speculation, and the string of large green monthly candles on the chart reflects exactly that.
What's Driving Silver's Relentless Rise
A 10-month consecutive gain is a serious statistical outlier in commodities markets. Extended streaks like this signal a genuine realignment of supply, demand, and investor positioning. Several factors appear to be reinforcing each other: tighter supply conditions, growing industrial demand, and silver's traditional role as an inflation hedge all pulling in the same direction at once.
The broader structure remains intact. As silver price tests key $75-76 support as a breakout builds, each dip continues to find willing buyers, keeping the uptrend firmly in place. What once looked like major resistance levels have been cleared one after another.
Looking further out, silver approaching the $50 level and testing critical resistance already feels like a distant memory given how far the metal has since traveled. The current advance suggests that what looked like a ceiling a year ago is now just another step in a much larger move — one that continues to redefine how markets price silver relative to macro conditions and real asset demand.
Eseandre Mordi
