Silver may have meaningfully more room to run, according to research published this week.
One camp of analysts argues the metal has cleared a key technical downtrend, with the popular silver ETF breaking out above resistance after building a durable base through the prior correction. In their reading, weak holders have already been flushed out, which sets up a cleaner path higher over a cyclical horizon.
The published view sees new highs as the probable outcome over the next year. Price targets in that research range as high as $120 to $150 an ounce, a striking jump from current levels. A more extreme $300+ scenario from one technical analyst is flagged in the same discussion, though even the bulls treat that figure as an outlier rather than a base case.
The core thesis is simpler than the numbers suggest: a long consolidation, a confirmed breakout, and thinned-out sellers — conditions some researchers see as a classic setup for a sustained move in precious metals.