Gold & Silver Update: Breakouts Inside Breakouts

Hi everyone,

Just a quick update today, but an important one — because both gold and silver are showing the kind of multi-timeframe price action you typically only see during strong, sustained bull markets.

Below are two charts I’ve been studying closely. What stands out is that both metals have just broken out of large, multi-month consolidation patterns… and now they’re each forming smaller continuation structures directly on top of those breakouts.

This “fractal” structure — a breakout inside a breakout — isn’t magic. It reflects something very real happening under the surface:

• Buyers are stepping in earlier and earlier

• Pullbacks are getting shallower

• Former resistance is turning into immediate support

• There’s no meaningful selling pressure after major levels are taken out

In other words, it’s the signature of strong underlying momentum.

Silver is the clearest example: after breaking out of its massive ascending triangle to new all-time highs, it’s now forming a smaller ascending triangle right above the breakout line. Gold is doing the exact same thing — a tight coil forming directly on top of a months-long breakout structure.

When you see this kind of continuation pattern stacking across an entire sector, it usually means the trend is not just intact… it’s strengthening.

This doesn’t guarantee one-way price action, of course. Nothing does. But structurally, this is the type of behavior you want to see if you’re bullish the metals into 2026. It suggests the market hasn’t finished repricing yet — and dips may continue to be aggressively bought.

Charts are below. Worth a look.

Stay Safe & Happy Stacking,

Smart Silver Stacker

This newsletter is for informational and educational purposes only and does not constitute financial, investment, or trading advice. All opinions are my own. Markets involve risk, and you should do your own research or consult a licensed financial professional before making any investment decisions.