Silver’s breaking $35, but traders already have their eye on the all-time high at $50

From Kitco News

After years of disappointment, renewed excitement is building in the silver market as prices rise solidly above $35 an ounce, reaching their highest level in 13 years.

Spot silver last traded at $35.76 an ounce and is up 8.7% so far this week—its best performance since early May—after prices bounced off initial support above $28.50 an ounce.

Jim Wyckoff, Senior Market Strategist at Kitco.com, said this breakout rally has been brewing for a while and may have more upside.