Silver on the Verge of an All-Time High – Will It Follow Gold to New Record Levels?

Silver on the Verge of an All-Time High – Will It Follow Gold to New Record Levels?

Gold has surpassed the $3,000 mark, reaching a new all-time high and maintaining its strong rally. Now, attention turns to silver: Does the precious metal have the strength to break past its previous peak from September 2024?

Silver’s all-time high stands at around $35, and it is now only about one dollar away from that level. Comparing the gold price to silver, gold would likely need to rise to approximately $3,100 to help push silver higher.

From a technical perspective, silver still faces a minor resistance zone around $34.40, which needs to be cleared first.

Overall, it seems realistic that silver could reach new record levels. However, much will depend on whether gold continues to show enough upward momentum to support silver’s breakout.

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