By Craig Hemke
Sprott Money, Toronto
Tuesday, November 2, 2025
After making new all-time intraday highs last week, there are all sorts of prognostications regarding what's next for the silver price. Let's discuss the most likely scenario today.
First and foremost, we need to establish that this time is different. The situation economically, monetarily, and physically is entirely different from 1980 and 2011.
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If you don't understand what I mean, please check out this post from two weeks ago:
https://www.sprottmoney.com/blog/silver-prices-test-your-senses-spot-price-analysis [4]
In that post, you were reminded that in late 1979 and early 1980, the silver price moved from $10 to $48 in four months and then fell back to $10 in two months. In 2010 and 2011, price moved from $18 to $48 in eight months and then fell back to $26 a few months later.
Is the current attempt to break through $48/ounce any different?...
... For the remainder of the analysis:
https://www.sprottmoney.com/blog/whats-next-silver-prices-2025-breakout-analysis [5]
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