Silver price climbed above the $90 per ounce mark on Tuesday, extending a sharp one day advance that pushed the metal to its highest level this month. Data from intraday trading shows silver jumping from the low $80 range earlier in the session before accelerating higher and holding gains into the close.
The move followed a strong upward break after several days of flat trading near $78 to $80 per ounce. Once prices cleared that range, buying picked up quickly, sending silver past $85 and then through $90 within hours. The rally marked one of the metal’s strongest single day percentage gains in recent weeks, reflecting renewed momentum after a brief consolidation period.
CoinCodex Forecast Signals Extended Silver Upside
CoinCodex projections point to continued strength in silver over the near and medium term, based on its forward looking price models. The platform’s five day outlook shows a sharp upward trajectory, suggesting momentum could remain elevated following the recent trend acceleration seen on the chart.
Over a one month horizon, CoinCodex forecasts a further rise, with the projected path indicating sustained demand rather than a short lived move. The model reflects a clear shift from the slower gains recorded earlier in the period toward a steeper advance into early 2026, as the forecast line trends higher without major pullbacks.
The three month projection extends that trajectory further, showing silver continuing to build on its upward structure. CoinCodex’s longer range estimate implies that the current trend remains intact across multiple timeframes, with projected prices climbing well above recent historical ranges if the modeled conditions persist.
Silver Breakout vs Gold Revives 2016 and 2020 Bitcoin Playbook
Meanwhile, Silver is again showing relative strength against gold, reviving a pattern that previously coincided with major shifts across broader risk assets. Historical ratio data shows that in both April 2016 and July 2020, silver broke decisively higher versus gold after prolonged downtrends. Those moments marked clear inflection points, where silver leadership emerged before wider market acceleration.
In each prior case, the silver to gold breakout preceded sharp advances in Bitcoin and the broader crypto market.
After the 2016 move, Bitcoin entered a sustained multi year uptrend. A similar sequence followed the July 2020 breakout, which came ahead of the 2020–2021 crypto cycle. The current ratio setup mirrors those earlier structures, with silver once again pushing above a long standing trendline against gold, raising attention to whether the same cross market rotation is beginning to form again.