#WriteToEarnUpgrade $BTC Silver Breaks All-Time High Prices as Five Decades Cup-and-Handle Formation Breaks Out

Silver woke up to reach an all-time high price this Friday, rising over $56 per ounce.

The metal, which has been oftentimes belittled due to its poor performance compared to gold, finally broke out and drew a cup-and-handle formation that had been decades in the making, scoring a week with a 12.8% hike. The metal also experienced its highest intraday performance in 13 months, reaching a 5.5% increase over its last price.

The development was qualified as historic by commodity analysts, who also stated that silver was 94% up year to date (YTD), leaving other investment alternatives, like bitcoin, gold, and the SPX index, in the dust.

Nonetheless, even with its monstrous uptick, the silver rally might still have some fuel in the tank yet.

BTC

92,224.43

-1.19%