Global liquidity should climb into the rest of this year, as central banks are forced to print more currency in order to service debts. This should mean that asset prices have the potential to go much higher. Gold and silver are currently flying. Will Bitcoin mirror this upsurge as we progress through 2025?
Gold looping higher
Source: TradingView
Since the beginning of this year, the gold price has put on 11%, equating to a gain of around $285. The weekly chart shows how gold has been steadily looping up to an ascending trendline, making higher highs and higher lows as it goes.
Looking at the bottom of the chart the Stochastic RSI is showing that it is currently trending up. This could change in the next two or three weeks as the indicators reach the top. It can be seen that the upward curves in the price action coincide with the upward curves in the Stochastic RSI.
Gold to $3,300
Source: TradingView
When seen on the 2-week chart, it looks like this is parabolic price action following the breakout of the long-time ascending trendline that goes all the way back to 2011. The measured move for this potential cup and handle pattern is to $3,000. While the next Fibonacci level of the 2.618 is at $3,300.
Silver bulls need a new local higher high
Source: TradingView
The weekly chart for silver displays the breakout from a triangle forming since 2011. However, the price is not yet parabolic as it is for gold. A previous local higher high has been made, but silver bulls still have a job on their hands to make a new local higher high.
That said, the horizontal supports are extremely strong, and the Stochastic RSI is showing that there is still gas in the tank for bulls to push for that higher high.
Silver in gigantic cup and handle pattern
Source: TradingView
Zooming out into the 2-week chart it can be seen how the Fibonacci levels have certainly played a major role in attracting the price to support or resistance. The 0.618 has been touched, so it now remains for the bulls to push the price beyond this.
Looking much further out, if one takes a horizontal line from the high of 1980, and passes it through the all-time high of 2011, it may be seen that a gigantic cup and handle pattern is playing out. With the cup already formed, the price would need to get up around $50 for the handle to then be formed. The measured move is to $92.
These two assets are likely to move higher, with LBMA and COMEX price suppression possibly soon to reduce, given that huge, possibly sovereign, entities are standing for delivery rather than accepting cash settlement.
As they do trade higher, it is very likely that Bitcoin will not only join them, but will far outstrip them, given its much scarcer supply. The rest of this year has the potential to be one of the most exciting times in financial history. Are you holding gold, silver, and Bitcoin?
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
