Few commodities are as volatile as silver. After surging to record highs earlier this year, the metal experienced a sharp pullback that rattled investors and reignited debate about whether the rally had gone too far, too fast.
But according to Tarek Saab, CEO of Texas Precious Metals, the broader bull market in silver may still be intact.
“While we do not publish internal forecast, we remain structurally bullish as long as silver holds above prior resistance at $50,” Saab told Benzinga.
For decades, silver struggled to sustainably break above the $50 level — a price that acted as a ceiling during previous market cycles.
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Crossing that threshold, Saab argues, could represent a major technical shift.
“Internally, we see this breakout as representative of a new cyclical bull market,” he said.
Silver’s appeal extends beyond its role as a precious metal.
The metal is widely used in solar panels, electronics, and other industrial applications — sectors that continue to expand alongside global electrification and technology investment.
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That dual identity — part monetary metal, part industrial commodity — often amplifies silver’s price swings.
For investors, the result is a market capable of dramatic rallies and equally sharp corrections.
But if silver can continue holding above its historic breakout level, Saab believes the long-term trend could still favor higher prices.
For investors seeking exposure to the metal, funds like the iShares Silver Trust have become one of the most widely used vehicles to track silver’s price swings.
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Image: Courtesy of Texas Precious Metals
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This article EXCLUSIVE: Silver’s Wild Swings Haven’t Broken The Bull Market, Says Texas Precious Metals CEO originally appeared on Benzinga.com
