Silver Price Forecast – Breaking Above $50 Would Change Everything

Silver Big Picture

Silver is quickly approaching the major resistance level of $49.50, last reached in 2011. The $50.00 mark was first tested in 1980, making this a 45-year consolidation. A decisive breakout above $50.00, whether later this year or in early 2026, would mark a generational shift in the market, potentially triggering a rapid move toward $75.00 and ultimately $100. Looking further ahead, we see the possibility of silver trading in the hundreds of dollars per ounce range within 5 or 10 years.

Gold to Silver Ratio

The gold-to-silver ratio tends to reach major lows roughly every five years, with the next one expected in the first half of 2026. A breakdown below the current trendline would support a strong rally in silver, likely thrusting prices through $50.00, driving the ratio back towards 60 or lower, hence suggesting silver could have much further to run.

Silver Speculation

When silver approaches critical resistance levels, I like to gauge retail sentiment. One tool I use is Google Trends data for searches like “silver coins.” Historically, spikes in search interest have often preceded market tops—for example, in 2011 when silver reached a major peak.

We observed a brief spike in February 2021, during the silver squeeze, which led to a three-year consolidation. Currently, search interest remains low, indicating that retail enthusiasm is muted, and the lack of hype could mean silver has much more room to surprise to the upside.

LBMA Silver Inventory

As of August 2025, the LBMA London Vaults held approximately 792 million ounces of silver. However, the vast majority of this inventory is owned by ETFs and private entities. According to TD Securities, only about 155 million ounces are freely available — and at the current pace of ETF demand, that number could fall to zero early next year.

If headlines begin to emerge about potential shortages at the LBMA, it could trigger an explosive rally in silver, pushing prices rapidly higher and setting the stage for a move towards $100.

Platinum’s Major Breakout

Platinum has emerged from a 17-year consolidation, signaling the start of a major breakout. We expect this move to drive prices to new all-time highs, with the longer-term potential for a return to parity with gold.

Gold Daily

The depth of the triangle consolidation pattern supported a breakout target near $3,800, which gold reached last week. Prices are now consolidating those recent gains, and a test of the $4,000 level appears likely before year-end.

GDX Daily

Miners are attempting to hold support near the $72.36 price gap. Progressive closes below that level could trigger a pullback toward the trendline and retest of the $63.00 area.

GDXJ Daily

Juniors need to hold the price gap near $92.00 or risk a correction back towards the $80.00 mark.

SILJ Daily

Silver juniors remain above the trendline, and maintaining levels above $21.00 is crucial to support the start of an accelerated uptrend.

Bitcoin Daily

Bitcoin failed to reclaim the 50-day EMA following yesterday’s bounce. Technically, this opens the door for a potential ABC correction that could retest the $100,000 level. A final rally into Q4 and new all-time highs remains my base case, but that outlook would shift if we see weekly closes below $99,000 (the 50-week SMA).

In Closing

Silver is approaching a critical inflection point that could ignite a powerful rally.

The long-term fundamentals continue to support significantly higher prices, and a return to 20:1 in the gold-to-silver ratio isn’t out of the question.

Gold kicked its new bull market in 2024 with a decisive breakout above $2,100. Now, it’s silver, platinum, and the miners’ turn—and these moves are only just getting started.

AG Thorson is a registered CMT and an expert in technical analysis. For more price predictions and daily market commentary, consider subscribing at www.GoldPredict.com.