Chart of the Day - Friday, July 11, 2025

🏆  Today's Chart of the Day was shared by Jim Knarr (@ChartMonitor). 
 

• Silver futures jumped +4.4% today, closing the week at a 13-year high of $39/oz. After coiling into a tight range over the past month, it finally resolved higher with authority today. 
   
• Price is entering rare air, with little resistance standing between current levels and the 2011 all-time high near $49/oz.
   
• $SLV has outperformed $GLD by +20% since mid-April, yet Jim notes that Google searches for $GLD remain historically elevated, while interest in $SLV remains relatively muted.
   

The Takeaway: Silver broke out to a fresh 13-year high today, with hardly any overhead resistance before testing its 2011 peak. It’s quietly outperforming Gold, but the crowd isn’t paying attention yet.