Good Morning!

Silver has cleared $35.

If it were to snapback a bit, that would not bother me.

The momentum is just starting and there is potential for some real fun over the next few years. 

1) Silver Breakout & Measured Upside Target

Silver cleared $35 resistance on a daily and weekly basis.

We plot the daily line chart and daily bar chart below.

Silver's daily line chart shows an ascending triangle pattern that has a measured upside target of $41.

The daily bar chart shows more of a consolidation that has a measured upside target of $40.50-$40.75.

The monthly chart of Silver shows $35 as significant resistance and $41-$42 as the next resistance on the way to $50.

2) Silver vs. 60/40 Portfolio & Stock Market

We plot these ratios on a weekly bar chart, shown below.

Silver against the 60/40 Portfolio has broken out to a new 4.7-year high on a daily and weekly closing basis.

The really big breakout will come when the ratio surpasses the 2016 and 2020 highs. That would clear the way for Silver to break $50. 

Silver against the stock market is close to breaking out of a 4-year-long base. 

These ratio charts as important because breakouts signal capital moving away from conventional investments and into Silver.

3) Junior Silver Stocks Bull Analog

As of a few days ago, this index was up 78% in the past two months.

If this index were to follow the 2004 to 2007 move, it would gain almost 5-fold in the next 15 months.

This cyclical move will exceed that.

Sponsor Companies

GoGold Resources (GGD.to, GLGDF) is currently a small Silver producer with a pipeline of two development projects. Its CEO Brad Langille owns a large position in the company and has a very strong track record.

The company is attractively priced and in position to produce 9M oz Silver-equivalent/year in a few years, with another development project that could take it to 16-17M oz Silver-equivalent.

The stock has now doubled since we called it a buy on December 22, 2024. It closed Tuesday at C$2.20. It is emerging from a complex bottoming pattern, which projects an upside target of C$2.60.

For more analysis of this company and many more companies, subscribe to TheDailyGold Premium.

4) Silver Bull Analog

We plot the previous 4 bull moves in Silver on the scale of the current bull move.

The moves start when Silver begins a trending or impulsive move. 

The average line peaks at $45 in 2025.

It begins to accelerate in January 2026. 

5) Silver Performance After Gold Makes New ATH

This analog chart plots Silver's performance when Gold breaks to a new all-time high.

Silver has been lagging, but that is just fine. 

Its going to make a similar accelerated move, even if a bit delayed. 

History argues it should accelerate right now.

I think chart #4 is a better template for the near future. 

In TheDailyGold Premium....

TDG #938 included a table with analysis on 14 different silver stocks.

This table included only stocks we did not own or were not on the watch list.

We will add some more stocks to this table next week.

Everyone is excited about Silver stocks now but you must make sure you own the right companies. 

There was a new name on the list that I mentioned, that fits the 3 traits of a successful silver project. It's not well known, yet. 

What are people saying about TheDailyGold Premium

right now?

Thank you for reading.

I wish you all the best in 2025 and beyond.