In a January 9, 2025, Barchart article on the precious metals sector in Q4 and 2024 and where they are heading in 2025, I wrote, “Silver ran out of upside steam at the highest price in a dozen years and settled 2024 at $29.242 per ounce. Silver was higher in early 2025, with the price above the $30.80 per ounce level, and the bullish trend since the 2020 low at $11.64 remains intact.” Silver prices rose 21.41% in 2024 and were 10.34% higher than the 2024 closing price at the end of January 2025. March COMEX silver futures settled at $32.265 on January 31, 2025, and were higher in February.
Silver’s trend is higher
