Silver Predictions

[8:43] Silver tried to break out last week, failed a little bit, but I I could see new highs in silver this year as well. I'm expecting to see silver get back over 120

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[32:29] The way I see about precious metals silver and gold particularly is that you need to look at them on a longer term perspective... I think you need to continue to have gold and silver.

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[6:32] we're going to see at this next round if we get a higher price and I believe we will think we'll see something similar at the $100 level because a lot of silver investors that have held for a long time washed through the $50 level watched it move up and then saw the January move of 70% in one month saw it go basically from the low 70s to 120.

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[9:51] the Elon Musks of the world can see out, you know, two, three, four, five years and they know what the dynamics are. So, they're very happy to buy silver at 80 because they know it's going to be 160 to two years from now or whatever the price may be, it's almost undoubtedly going to be higher.

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[39:01] historically and the seasonality is that we see a kind of a dull summer for the metals and I think that's going to be the case again. I wrote not in the report I sent you but previous one I expected to see a broad trading range for both gold and silver probably through the summer. I still believe that

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[10:57] that's how I get to 180 right and I'm not so sure that I'm not too conservative still

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[12:24] silver is very volatile so that could go down you know 50 60 70% gold probably less so maybe 30 or 40% but it could go 50 and this goes 75

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[11:19] I have a long-term forecast of $1,000, but that's out early 2030s.

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[30:57] Silver has finished its correction in my opinion... I do believe silver and copper have already bottom

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[41:06] at that point you get into late summer and we've been several quarters after the spread broke out, silver versus gold. And I suspect that's about when you'll be seeing the kind of numbers I'm talking about.

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[19:01] starting probably with an emergence this month into next in terms of coming out of congestion and then of several months of sheer launch.

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[9:13] what happens with commodity verticals is there's always another bite of the cherry. In fact, there's several bites of the cherry. They they they make the amazing top and then they fall off and everybody's sad and then they kind of come back and then everyone's go, 'Yeah, it's going to do it again.' And it doesn't and then it falls heavily and then two years later it does it again but not quite as much as before. So there are shocks and aftershocks in commodities when you get a boom bubble bust. And to me this just looks like a a silver aftershock.

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[36:11] I'm not here to time it. Many in the silver space are far more bullish than I am. But I'm easily at $200 silver.

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[36:26] Silver will move in a beta trade to gold in a bull market. Gold's bull market is just beginning.

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[23:25] I think we're diverging a little bit in terms of silver taking the place or gold or the tail wagging the dog or gold pulling silver along. I think that both markets are actually behaving um independently and actually uh the conversation isn't really about one substituting the other just to chase returns.

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[37:48] I think what's on the other side of this congestion zone will take silver to $300 to $500.

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[36:29] We think getting back over 80 again in silver is a table pounder.

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Silver at $73 and the Disconnect in Mining Equities

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[42:37] For me, it's 7 I'm using $7,000 gold right now. $200 silver.

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[19:20] Silver's got a, you know, $175 upside target

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[0:09] Gold and silver trade sideways for a year or two or three.

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[13:24] the technicals are actually showing a pullback all the way to on on the daily and the weekly chart all the way down to about $40 an ounce.

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What's interesting in this chart is uh where it settled after this spike. So it didn't go back down as you know on two occasions before uh well remembered uh by some and that means that there is some tension between the investment market and the physical uh demand and of course the physical market is mostly in China... industrial demand of course has tightened and this we see it now because the market silver market didn't settle back to what it was before that spike that's positive overall for for the silver market going forward

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[18:22] we're still talking 46 $4,700 gold and 7075 silver.

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[28:37] look for 90 spot, which is around 80 SLV. That's this big red line. That's where we think it'll get better. And that's when silver will have confirmed that the correction is likely over.

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[20:54] based on the selloff and this bounce, it is pointing to where silver could find support. And if we zoom out on the chart, it is telling us we could come all the way back down to about uh $61 per ounce. And then it'll come all the way back down to about 39 if it flushes out.

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[24:07] And and interestingly enough um if you think of copper or even silver, those are almost in in my view over the next 5 years more predictable in the sense that they are you know they're not being produced at the level that we we need them. There's already a shortfall.

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[0:00] I would not be the least bit surprised if we get to new all-time highs in gold and new all-time highs in silver and other commodities too because this is a commodity phenomenon. Gold and silver are just first in line and uh I expect all commodity prices to trend higher for new all-time records this year.

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[45:53] silver has been in deficit for the last five or 6 years. It's likely to stay in deficit for quite a while

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[26:46] you could easily make a case that silver might retrace that decline and go back down to $60 or even into the 50s uh from where it's trading today at about 80.

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[18:50] And then I think $200 silver is easy.

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[11:35] I think both of them will achieve that.

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[8:18] The levels that I would like to see is if it does continue to move higher, obviously break above 80, but it's breaking above 90. That really shows the momentum is built because we'll get resistance at $96. That is simply based on this former top that came in on the second day of March. So 80 is a critical number, but to me the real critical number to actually take out is right above $89. That would signal the next level which comes in at 96.

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[18:48] I think in the next, you know, 5 years from now, we're going to probably see gold and silver up hundreds of percent from here.

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[19:36] Well longterm is the easy one. I think we're going higher. That's that's a simple one there. As I mentioned before, I I I don't think any of the reasons why we rally to $5,600 in gold or $120 in silver has disappeared. Nothing has changed fundamentally. So, the fundamentals are still in place.

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[53:59] Gold and silver: why he expects a major decline from here

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[29:56] We think gold probably goes down and touches its 200 day moving average. Probably the same with silver, but that might actually present an opportunity to buy some, um, add some.

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[23:18] I do think though that uh over the next couple years gold is the most important reserve asset in the world and that um it will resume its rally as will silver.

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[11:26] And now my prediction is that it's back over $50 headed to 100 again. It's never going to go back under 50 because of all the inflation that we've seen in the past.

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[6:13] still that same impact of looking at this major level of 49 to 54 that is where I expect this to come down to and likely it'll coincide with the gold level as well.

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[3:04] I think the fundamentals that drove the metal prices higher still uh still in place, still intact.

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[5:42] I look at our deficit is going to only only widen if you look at u some of the new applications and and uh you know silver batteries silver the the silver carbon uh Samsung batteries, solid state batteries um uh coming in 27. Well, they're actually coming for gadgets in 26, but the real um you know, the real demand I think we'll we'll see out of that coming in um in 27.

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[0:18] I fully expect silver to go back to near 50 and gold initially to buy to drop down to 4,000.

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[2:39] we already we're already above 90. We've been above 93 94 in the last few days. pull back a little bit, but I think we're going to start to we're going to continue to see this climb continue. Hopefully um less volatile, but I think this year we'll we'll continue to bring a fair bit of volatility.

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[1:43] Now I'm calling for $500 silver. Is another 5x. That's possible. Oh, yeah. Uh look at the gold silver ratio. Uh traditionally has been 1 in 10 for over 2,000 years. Gold is trading 5,000 1 in 10. Silver is 5,000 $500.

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[27:04] I I I think we're going to see silver prices establish itself in triple digits.

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[27:15] I think silver has potential to pop to about 140. That would be the next upside target based on technical patterns.

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[13:12] That's why I believe there's still a retest of those lows that were made in the high 60s in silver and around 44 4500 on gold.

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[17:57] Do you think silver could hit $200? Oh yeah. I can't guarantee it, of course, but I think I think 2026 just because David silver is the metal of the in information age.

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[18:32] Well, I I would be surprised if silver didn't come down to between 50 and $60.

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[11:14] Well, I I think in the past, if you look uh with Chinese New Year, uh the traditionally could sell off and before it, but uh we traditionally rally right at once they reopen. So, I I I think these are just short-term impacts and I don't think it really changes the long-term fundamental of the market.

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[1:54] Silver though looks very dangerous to me. Okay. So, I would just say if you've been longing the trade, either take profits or find a way to hedge your position. I do think we are in a secular bull market uh in commodities and in the precious metals complex. So, this is not to say that the bull market is over. It is to say that we are right for a very significant near-term pullback

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[36:15] And March is an active COMX delivery month. The other 432 million ounces mostly will be rolled into May over the course of February. And that will have an up uh that will apply upward pressure on the silver price especially in the last two weeks of of of February.

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[0:00] Our assessment of this move in silver in particular is that it's going to a new reality. I think silver's going into several hundred dollar, may even go as high as 500. And I think it will do it by summer this year.

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[28:16] Short-term. Again, my short-term target is about $115.

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[29:54] In terms of my endofear target, the way we've seen it explode, I'm looking for 160 to 180 by the end of 2026.

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[20:56] So if we were to just take a look at this last big consolidation in silver we take the low we move up to this standout reversal this this pivot high and we come back down to this low it's going to give us our two levels that we always follow or that I always follow. Those two levels are the 618. That's the 61 um% extension. It's called the golden ratio, the Fibonacci golden ratio. If you move to that level and price has a little bit of a hiccup, which it has, we almost always go up and see price hit the one level, which is 100% measured move. And so that is at the 106. So that is what I'm expecting to hit most likely this week

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[17:07] I do see silver reaching 90 probably averaging 65. Um that high price is a is a 26% yearon-year increase.

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[0:00] So, silver hitting $100 next year, would that surprise you? >> No. In fact, I expect it to happen.

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[1:06] I wouldn't be surprised to see silver hit over 80.

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[19:56] generally speaking, we still think that there's more upside and and and we're still long these commodities

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[4:32] I expect silver to consolidate again at some point here. Maybe it goes up the the technical guys tell me it goes up to 68 something like that just below 70 and then maybe corrects for a while.

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[28:08] there is a significant chance that both correct and consolidate for a while, possibly even all of 2026.

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[25:53] I think the more the more likely scenario in silver is a continuation of the recent bullish trend moving higher taking out the former all-time record high of 5445

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[25:00] I suspect this market will clear within another couple of weeks or so.

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[1:48] And I think even at these nominal prices, gold is still very undervalued and so is silver.

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[0:08] I think we're going to take out $50 for the first time in silver's history and we're probably going to keep moving higher. It's go to 75 or 100.

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[34:15] I would be hardressed to see an effective close above 50 for a sustained number of weeks

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[1:11] gold heading towards 5,000, silver heading towards $100 an ounce.

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[42:56] our expectation is that it probably touches $50 toward the end of this year or in the first quarter of next

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[2:21] I suspect that's coming. Uh we've got a very very tight market right now. If you look at the uh LBMA, if you look at where inventories have come down to, if you look at the the demand for the for the industrial side of the metal and the monetary demand, um we are in a very vulnerable moment right now. We are 50 million ounces away from a price squeeze.

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[0:00] I think we're going to lower rates in a big way. I don't think silver prices would be here at $40 an ounce in that environment.

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[23:52] we think there is further to go for silver and and probably for gold

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[32:28] I see more upside in silver than gold right now.

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[18:27] I now believe and three months ago chose that silver now is in the same ballpark in gold. In fact, I think it's preparing to outperform gold for the next several months

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[23:18] I would say that here based on positioning, short gold, long short, long gold, short silver is a nice trade to me here.

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[34:55] I don't think the story is over. What's the next level you're looking for for silver? Uh on the upside is uh almost 42. uh this is basis of futures contract between 41 and $42

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[25:31] So I think silver has a lot further to go in this bull market for precious metals.

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[16:46] I think it has all the ingredients to take out that key resistance in the 3536 area. And I think we're going to see a much higher silver price later this year

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[34:13] I think our average silver price is around 32 $33 an ounce in there.

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