Silver is back at a crossroads. The precious metal is pushing toward $50 again — a price ceiling it's only touched twice before, in 1980 and 2011. Both times, it crashed afterward. Now, nearly 45 years since that first spike, silver is making another run at this psychological barrier.
A Look Back: Silver's Two Previous Battles with $50
As trader the dude recently highlighted, this third attempt could finally be different. Or it could be history repeating itself. Silver first hit $50 in 1980 during the Hunt Brothers' notorious buying spree. That bubble burst fast, sending prices tumbling back to single digits. The second attempt came in 2011, driven by post-financial crisis fears and inflation worries. Once again, the metal couldn't hold above $50 and eventually sank below $15. Now, after years of building a base between $15 and $30, silver has climbed back into the high $40s. The chart shows a clear breakout pattern — but the $50 level remains untested.

What's Pushing Silver Higher This Time?
Several factors are fueling the rally. Inflation remains sticky, keeping demand high for tangible assets. Industrial use is surging thanks to solar panels, electric vehicles, and electronics. Central bank policy is shifting toward rate cuts and a softer dollar, which typically benefits precious metals. And geopolitical uncertainty is driving investors toward safe-haven assets like silver and gold.
The immediate resistance sits at $50. If silver breaks through convincingly, analysts see potential targets between $65 and $75. On the downside, support rests around $35 to $38. A rejection at $50 could send the metal back toward that zone, just like it did in the past.
Silver's return to $50 isn't just a chart pattern — it's a psychological test shaped by decades of market memory. The big question now is whether this time will finally be different, or if the $50 ceiling will hold once more. Traders and investors alike are watching closely.