Silver Breaks Key Resistances
Silver has recently overcome significant technical barriers that had previously acted as obstacles to further price gains. With the breakthrough of the massive resistance zones between $32 and $35 per ounce on July 12, 2025, the path for a bull market seems to be paved. A rise accompanied by high trading volumes and a daily increase of over 4% brought the price close to $39.
Reasons for the Current Upswing
- Breaking through critical resistance zones in both dollars and euros.
- The strong demand and supply-demand imbalance.
Fundamental Factors
The silver market is showing a significant deficit. Already in 2024, it amounted to approximately 182 million ounces, and a deficit of around 149 million ounces is also expected for 2025. This imbalance could further increase price pressure.
Analyst Opinions
Analyst Jesse Colombo sees the recent breakout as a “final confirmation” for a bull market and potentially even a supercycle in the silver market, with enough “fuel in the tank” to break historical highs.
Outlook
The combination of technical strength and fundamental supply deficits fuels speculation about an impending supercycle. Experts expect a phase of exceptionally strong price increases for the white metal.
In summary, silver, after years of relative calm, is on the verge of a potentially historic rally. However, caution is advised as such supercycles can also be accompanied by increased volatility.
In short: Yes, there are strong signs that a supercycle in silver may be on the horizon – driven by technical breakouts and fundamental supply deficits with corresponding potential for significantly higher prices.