One of the greats in the business says the silver backtest of its historic 45-year upside breakout is near completion before soaring to hundreds of dollars an ounce.
Silver
October 22 (King World News) – This is a very small portion of a powerful and much larger report on the silver market from Jesse Colombo: If you ask the average investor what they think about silver right now, most will probably tell you that it’s over or that it’s dead money. Meanwhile, many of these same investors only took notice of silver in January 2026, when it was going parabolic. They piled in near the very top, just weeks or even days before silver peaked at $121, only to lose interest when it corrected, as all overheated assets eventually do.
Then they simply moved on to what they believe is the latest and greatest hot asset, whether it’s an overvalued and overhyped AI stock, a new cryptocurrency, or whatever else the lemmings are currently piling into.
Naturally, most of those same investors had practically no interest in silver when I foresaw the bull market beginning in early 2024, when it was still trading in the $20s. Now that silver has cooled off, they are once again nowhere to be found. But just as in 2023 and 2024, silver is once again setting up for the next powerful leg of its bull market, and this is the time to be paying close attention and accumulating while it is still quite cheap. The next move is going to take most investors by surprise, and they will only want to pile back in once silver is overheated again and all over the news…
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
The silver bull market roadmap I have been following for the past couple of years is quite simple yet extremely powerful, and it continues to provide a valuable guide and source of encouragement even throughout the correction that began in January 2026. That roadmap is the massive cup-and-handle pattern that has been forming since the 1960s.
Silver’s five-decade-long cup-and-handle pattern projects the metal reaching hundreds of dollars per ounce following a breakout, due to the sheer magnitude of the pattern in terms of both time and price.
As with all cup-and-handle patterns, the breakout is triggered when the asset decisively clears the resistance level, or ceiling, that formed while the pattern was developing. In silver’s case, that critical resistance level was $50 per ounce. Far from being arbitrary, the $50 level marked the peak of both of silver’s previous secular bull markets, in 1980 and 2011, with each peak followed by a bear market lasting a decade or more, as I documented in this report.
But something big and different happened one year ago, in the fall of 2025: silver finally blasted through that critical $50 ceiling, marking a genuine breakout from the massive cup-and-handle pattern.
KING WORLD NEWS NOTE: Colombo Illustrates That Silver Is Now Backtesting The 45-Year Upside Breakout Before Reaching Hundreds Of Dollars An Ounce
Although silver has since cooled off, the breakout remains very much valid and in play, and I see the next powerful leg higher beginning soon once this necessary cooling-off period is complete.
… The time to pay close attention and accumulate is when silver seems boring and investors are giving up on it, because that is when it is setting up for its next leg higher. I sincerely believe that is where we are today. The 2026 correction has tested investors’ patience, but those who stayed the course will be richly rewarded when silver’s next powerful leg higher begins.
We Are Near An Upside Explosion In The Price Of Silver
To listen to Nomi Prins discuss what will create an upside explosion in the price of silver and much more CLICK HERE OR ON THE IMAGE BELOW.
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To listen to Alasdair Macleod discuss the setup in the silver market as well as gold and much more CLICK HERE OR ON THE IMAGE BELOW.
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