Gold set its all-time high back in 2011. After nearly a decade of consolidation, gold retested that 2011 peak in 2020 but failed to deliver sustained bullish follow-through. It wasn’t until 2024 that gold finally broke decisively above the prior highs, confirming a new secular bull phase.
Meanwhile, the Miners have shown even greater relative strength. After testing their 2011 highs earlier this year, the Miners didn’t stall — they sliced through resistance and have continued to trend higher, signaling strong institutional accumulation and confirming the broader uptrend in the metals sector.
Is Silver next?
Silver looks to be ready to join the party. Silver currently testing its own all-time highs near the $50 level — the same resistance zone that capped the market in 1980 and again in 2011. A sustained breakout above this multi-decade ceiling would likely mark the start of a powerful new leg higher for the entire precious metals complex.
Cycle Trading 
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