Silver’s Long-Term Breakout and Its Historical Pattern
Silver has always been a metal that moves in sharp waves. Looking at its long-term chart in INR, we can see some very interesting patterns. The last time silver broke its long-term high, it went up almost six times in six years.

There were two big rallies in the past. The first one came in the late 1970s, and the peak from that period was not crossed until 2006 — nearly 27 years later. Then, another major rally happened in 2011–12 along with gold, and that peak was finally crossed again only in 2024.

The 6X Move in the Past and What It Means Now
When silver broke its previous high in 2006, it went up nearly 6 times by 2011–12. That means within just six years, the price multiplied sharply. Now, in 2024, silver has once again broken out after a long 13-year gap. The metal has doubled so far in about 18 months, but that is still early compared to how silver has behaved in past cycles. If history repeats itself and a similar six-year rally happens again, the price could reach levels that might surprise everyone.

Understanding the Nature of Silver’s Big Moves
Silver is known for its extreme volatility. Whenever it starts a move, it tends to rise or fall very fast. For example, in one of the earlier cycles, silver went from ₹1,000 to ₹13,000 within just three to four years — around 12 to 13 times gain. This shows that silver has a nature of moving sharply in both directions. It does not stay quiet for too long, and when it begins a major run, the trend often continues for years.

Avoiding Risky Short Bets During a Bull Run
It is important to remember that no price level should be seen as “too high” during a bull market. Trying to short a rising market can be risky. As the saying goes, a bull market can stay strong longer than traders can stay solvent. So instead of betting against the trend or taking short-term risks, it is wiser to stay patient and follow a more disciplined approach.