Silver Update 16 October 2025

What a trend!

Weekly chart shows what an amazing trend that we have been lucky enough to catch early. We took profit on 25% of the position at $44.00. But all good things must come to an end and Silver, unlike Gold, has never had big, long secular bull runs.

So we’re taking another 25% off the table at $53.00 with a view that trend support is at $40 so we can always buy the position back there if we want.

Yesterday the market was encouraged that London didn’t come in and spank the price down like they did the day before, so we had a cautious move higher. Tuesday’s high at $53.50 may be the top for a period of consolidation, but we’ve said that before and it’s blasted higher.

Plenty of stories of precious metal dealers selling out and some loose money has definitely gone into Silver (and Gold) at the expense of Bitcoin. When retail’s in, we’re probably in the final phase of the move.