Silver has officially broken through the historic $60 level, igniting the strongest bullish sentiment the market has seen in decades and signaling that 2025 may mark the beginning of a full-scale secular breakout. After surging 3.27% to trade around $59.94, traders now say the $60 breach is far more than a psychological milestone - it's a structural shift.
According to momentum analyst Michael Oliver, this breakout is not only expected - it is late. For months, Oliver has warned that silver was coiling in a tight momentum structure that, once released, would "behave unlike anything the public is prepared for."
Now that the launch has begun, his price targets for the next move are raising eyebrows across metals desks.
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Michael Oliver: "Silver is entering an air-pocket zone"
Oliver's proprietary momentum analysis suggests that once silver clears the mid-$50s decisively, it enters what he calls an "air-pocket zone"-a range where price historically has no strong resistance levels. That means upward moves become faster, more vertical, and more emotionally driven.
With the first target now met, Oliver's next momentum-based price projections point to a dramatic extension:
Michael Oliver's Short- to Mid-Term Targets
$65-$70: First acceleration band
$75-$85: Momentum extension zone
$100+: A "reasonable number" for this bull cycle
Beyond $120: Possible if gold accelerates simultaneously
"Once the public realizes they missed the first leg," Oliver said, "they chase the second. That's how silver behaves - it overdoes everything."
Gold Strength Supporting the Move
Silver's breakout comes alongside renewed strength in gold, which is trading at 4,203.32, up 0.34% on the day. Gold remains the senior leader in this cycle, and as Oliver consistently notes, silver only begins its true run once gold has already established a bull market.
With gold already in price-discovery territory, analysts say silver's delayed catch-up was both predictable and unavoidable.
Miners Begin to React - But Slowly
Despite silver's surge, miners have been "embarrassingly late," according to Oliver's recent interviews.
Senior producers are turning upward but remain far below their historical leverage ratios.
Junior miners still show "apathy," something Oliver believes will not last long.
Once miners confirm the breakout, Oliver expects the move to be "violent," especially in silver-focused juniors.
In other words, equities have not yet priced in the $60 breakout - creating what many describe as the last cheap entry point before the real mania phase.
What $60 Means Historically
Silver has not seen levels near $60 since the Hunt Brothers attempted to corner the market in 1980. The difference today, analysts say, is structural:
No cornering attempt
No speculative blow-off
A deeply undersupplied physical market
Heavy industrial demand
Record deficits from solar and EV sectors
Increasing distrust in sovereign debt
A historically undervalued ratio versus gold
These fundamentals suggest the current breakout may be the opening chapter, not the final climax.
What Comes Next
If the market holds above $60, analysts expect volatility to increase dramatically. Silver bull markets are notorious for sharp swings, parabolic peaks, and periods where price moves 5-10% in a single day.
But following Oliver's momentum work, the overall direction appears clear:
The bull market is no longer "starting" - it is accelerating.
And for the first time in more than 40 years, silver is stepping into a price zone with no historical resistance.