With prices closing around $31.50, the strong resistance zone is already broken. The next target now sits around $35. Above that, the all-time high at $50 would be coming into play.
Over the last 125 years, silver has formed two similar patterns. This year could be a breakout year, with a potential top around 2028 if the pattern holds true.
The breakthrough over $30 was far more than expected and the next targets are $39/$40. The mark had stood at $30.35 since February 2021. Silver closed the past week at $31.26.
Silver outperformed gold and the stock market at least a decade after the major interest rate bottom. There is also a very good chance that this will be the case again.
The Sound Money Index is designed to evaluate and rank each U.S. state based on how friendly their laws and regulations are towards gold and silver. The index uses 14 different indicators to assess the extent to which states support sound money principles.
