Silver just hit another all-time high this morning, pushing up against its prior cycle highs and testing whether it can truly break out.
One way to measure if this move is real is to look at how Silver is performing in any major currency — not just in U.S. dollars.
Right now, Silver is achieving record highs in euros, yen, and Canadian dollars — showing broad, global strength.
If Silver is already breaking out across the globe, it’s tough to argue it won’t eventually do the same in USD terms.
Price is now pushing above those old 2011 highs, and with worldwide momentum building, the odds favor this breakout holding.
That’s how I see it.
What’s your take?
Cheers,
Alfonso De Pablos, CMT
Director of Research, All Star Charts
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