Silver’s Revenge: 50 Years of Pain Ends Here!
A Half-Century Cup & Handle Finally Nears Breakout
Silver’s Next Catalyst: Switzerland, History, and the $38 Level
Every great move has a story. And when it comes to silver, the charts are telling us something big is brewing — but the story behind it adds even more weight.
The Silver Cup and Handle
Take a step back. On a 50-year chart, silver has been building one of the biggest cup-and-handle patterns you’ll ever see. These patterns, when they resolve, don’t just break — they explode.
The key level? $37.60. It’s the highest quarterly close in silver’s history. If we close above it, we’re talking about a technical breakout with decades of energy behind it. This isn’t just another move; it’s the kind of setup that rewrites the narrative around an entire asset class.
I’ve been highlighting this number for months. Above $38, I’m not just bullish — I’m incredibly bullish.
Silver and the Swiss Franc
It’s not just silver’s chart that’s lining up. Look at the Swiss franc (CHF/USD). It’s showing the same rounded base and breakout energy.
Chart: @NullCharts Rick
There’s a historical reason for that. Years ago, an older trader explained to me that Switzerland’s deep ties to silver are often overlooked. For centuries, Switzerland was where wealth went to hide — the safe haven of safe havens. He told me flat out: “Switzerland is the central banker’s central bank. That’s why cash always finds a home there — and why precious metals trade with it.”
Look it up. Switzerland’s monetary history is unique, and its role in the global system explains why the franc and silver so often move together. That connection isn’t coincidence. It’s structure.
Why This Matters Now
Technicals: Silver’s 50-year cup and handle is one of the biggest patterns in any market. A close above $38 confirms a massive secular breakout.
Correlation: The Swiss franc’s strength, tied historically to silver, is a major tailwind.
Liquidity backdrop: With the dollar rolling over and global liquidity improving, hard assets are gaining. Silver sits at the intersection of precious metal safety and industrial demand.
The Trader’s Lesson
The old trader’s lesson still sticks with me: “Watch Switzerland if you want to understand silver. It’s where the central bankers go when they need a safe place for their money.”
That was decades ago. But the principle hasn’t changed. The franc is breaking out, silver’s chart is coiled, and history says the two move together.
Final Word
The market doesn’t hand out setups like this often. A half-century consolidation in silver, now pressing against all-time closing highs. The Swiss franc confirming the move. And liquidity conditions creating the perfect tailwind.
Above $38, silver isn’t just another trade. It’s a generational breakout.