Silver Poised for Rally to $300 by Early June 2039: Trading Expert
Silver's long-term technical outlook suggests that it has room to rally to $300 by early June 2039, according to TradingShot. This would imply a gain of nearly 400% from its current price of around $60.
The analyst notes that silver remains within a century-long bullish channel despite its recent correction from 2026 highs. It is currently trading inside an 'All Time Channel Up' that has guided price action since the 19th century.
The analysis suggests that silver's latest peak occurred just below the channel's 0.236 Fibonacci level, which is part of a historical 'sell zone' where previous super-cycle tops have formed. The analyst expects silver to resume its broader uptrend toward the 1.382 Fibonacci extension at $300 once the current correction is completed.
The bullish long-term outlook comes as silver continues to benefit from a structural supply deficit. The World Silver Survey 2026 reports that the silver market recorded a 40.3 million-ounce deficit in 2025, marking the fifth consecutive annual shortfall.