Silver's old ceiling may be its new floor, according to a bullish thread of recently-published research.
One prominent view circulating this week argues silver is set to move substantially higher from current levels. The thesis: $50 — the multi-decade resistance that capped silver for years — now acts as new support, and anything under $60 should be treated as the bottom following a parabolic run from $30 to $125 and the pullback that followed.
The same camp of analysts contends silver still looks cheap relative to gold, leaving room for the ratio to compress further. The macro backdrop underpinning the call is a brewing dollar and sovereign debt crisis, paired with an expectation that the Fed will be forced back into quantitative easing to absorb Treasury supply and keep funding costs manageable.
No specific timeframe was attached to the forecast. As always, this reflects one published view, not a consensus — plenty of researchers remain more cautious on precious metals near current levels.