Silver is currently on track with 2007 based on Non-Commercial Trader weekly net positions vs. the U.S. Dollar. Silver is also in a position similar to where it was in late April 2007. A brief decline is expected between now and October 2025. After this decline, interest rates will affect silver. If rates start to fall, as they did in October 2007, silver should respond by moving higher and peak in the first quarter of 2026.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
