Is $400 Silver Possible? What the 1979 Pattern Suggests

In a recent video, Alan took a deeper look at silver using the same framework he previously applied to gold — analyzing patterns in weekly all-time highs to gauge where we may be in the current bull market. 

What emerged was something we haven’t seen in 45 years. 

And it raises an important question: Is silver closer to topping… or just getting started? 

A Signal That Disappeared for Decades — Until Now 

To understand why this matters, we need to go back to the 1970s. 

During that decade’s bull market, silver didn’t simply grind higher. Instead, it advanced in bursts — forming clusters of consecutive weekly all-time highs. These clusters weren’t random. They tended to appear during powerful momentum phases and often intensified before major price accelerations. 

In 1979, for example, silver produced multiple clusters of five or more consecutive weekly all-time highs. Each sequence grew longer. Each rally grew stronger. By the time the move culminated in January 1980, silver had risen nearly 700% in just 12 months. 

After that peak, the signal disappeared. 

For the next 45 years — including the 2011 run-up — silver failed to produce a single weekly all-time high. 

Until 2025. 

For the first time in decades, silver has begun forming a fresh cluster of weekly all-time highs. Structurally, that is not something we typically see at the end of a bull market. Historically, it has appeared during powerful expansions. 

That alone makes this moment worth paying attention to. 

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Silver’s Volatility Cuts Both Ways 

Silver has always been more volatile than gold — it falls faster and deeper, but when momentum turns, it can rise just as dramatically. 

After its 1980 peak, silver fell more than 90%. That kind of collapse conditions investors to expect sharp reversals and short-lived rallies. But volatility is symmetrical. The same force behind deep corrections can fuel explosive upside moves. 

By tracking weekly all-time highs inside rolling 26-week and 52-week windows, we can see when momentum is building in a meaningful way. In the 1970s, these clusters preceded the strongest part of the move. Today, we’re seeing a similar structure begin to form again. 

That doesn’t guarantee a repeat. But it does suggest the bull market may not be finished. 

What If the Final Year Is the Most Explosive? 

There are three broad possibilities for where we are in this cycle. 

The bull market is already over. Based on the structural data — particularly the reappearance of weekly all-time highs — that seems unlikely. 

Silver continues climbing steadily for many more years, implying a longer, more gradual advance. 

Or — and this is where it gets interesting — we’re entering the final acceleration phase. 

In 1979, silver moved from roughly $6 to nearly $50 in just one year. An 8X gain that would have sounded outrageous at the time. Yet that’s precisely what happened once momentum clusters intensified. If silver produced a similar move from the first 2025 cluster, the math implies prices north of $400. 

Is that a prediction? No. Is it mathematically unprecedented? Also no. 

When we compare today’s chart to the nine years leading into 1979, the structural similarities are difficult to ignore — a long base, renewed momentum, and new highs. Extreme moves in silver sound unrealistic. Until they happen. 

The Bigger Question Investors Should Be Asking 

The real takeaway isn’t whether silver will or won’t reach $400. 

It’s whether the current structure suggests we’re closer to exhaustion — or expansion. 

Based on the reappearance of weekly all-time highs and the historical pattern of cluster formations, this market looks more like a launchpad than a ceiling. 

There may be pullbacks. There may be volatility. But structurally, this does not resemble the end of a cycle. 

And if history rhymes — even partially — the most dramatic phase of the move could still lie ahead. 

Watch the Full Analysis 

Charts tell the story far better than words alone. In the full video, Alan walks through the historical comparisons, the weekly high clusters, and the math behind what a repeat of 1979 would imply. 

If you want to see exactly how this pattern works — and decide for yourself whether silver’s move is finished — watch the complete breakdown below. 

👉 Watch the full video here.

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People Also Ask 

Could silver really reach $400 an ounce? 

It’s mathematically possible based on historical precedent. In 1979, silver surged nearly 700% in just 12 months during the final phase of a bull market. If a similar percentage move occurred from recent breakout levels, it could imply prices near $400 — though no outcome is guaranteed. For a full breakdown of the math and charts, watch Alan’s detailed analysis on GoldSilver. 

What happened to silver prices in 1979? 

Silver rose from roughly $6 to nearly $50 in a single year — an almost 8X move. That surge was preceded by clusters of consecutive weekly all-time highs, a momentum pattern that had been absent for 45 years before reappearing in 2025. Alan walks through the historical comparison in depth in the latest GoldSilver video. 

Is the current silver bull market over? 

Based on the structural data, it doesn’t appear to be. Silver has begun forming new clusters of weekly all-time highs — a pattern that has historically appeared during powerful advances, not at market tops. Alan examines the evidence in the full video on GoldSilver. 

What are weekly all-time high clusters in silver? 

Weekly all-time high clusters occur when silver sets multiple consecutive weekly price records. In past bull markets, these clusters tended to precede the strongest price accelerations — and often grew longer and steeper as the move matured. After a 45-year absence, this pattern has returned in 2025. 

Why is silver more volatile than gold? 

Silver’s smaller market size and dual role as both an industrial and investment metal make it more reactive than gold in both directions. Historically, it has fallen over 90% from major peaks — but also delivered some of the most explosive upside of any asset during bull markets. That volatility cuts both ways. 

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