In an October 8, 2024, Barchart article on the precious metals sector in Q3 and beyond, I wrote, “The trend is always your best friend in markets, and it remains higher in gold and silver going into the final months of 2024.” COMEX December silver futures were at the $31.93 per ounce level on October 7 and were slightly lower in late November. However, the bullish trend since March 2020 remains firmly intact and it may not be long before silver conquers the recent high at just over $35 and moves to new multi-year highs on a path to challenge the 2011 $49.82 high and the 1980 $50.36 record high.
Silver’s path remains bullish in late 2024
