If, as many analysts predict, gold rises to $3,000 per ounce in the next up cycle, and the gold-to-silver ratio reverts to 40:1, silver would more than triple to $75.
Since it peaked in 1980 at $677 oz. (monthly average closing price), gold has tripled in price. Over that same 43-year period, the price of silver has dropped from its 1980 peak of $36 oz...
As long as silver holds over $22.50, I am expecting this pullback to complete over the coming week or two, and set us up for a strong rally which should be pointing us north of 27 rather quickly.
What has transpired so far in 2023 has confirmed that the conditions have been set for gold and silver to soar. Silver is also following a similar pathway to new highs...
The physical shortage in silver at the wholesale level continues unabated -- and how much silver is left in these depositories that is available for sale at current prices is something ...
I’m convinced short sellers on SLV short the shares for the precise purpose of evading depositing the required metal to avoid putting upward price pressure on silver and the shares of SLV. That’s why I have never hesitated in lodging formal complaints with the S.E.C. and BlackRock...
Of all the major demand categories, arguably the biggest driving force is silver’s industrial importance. It is estimated that approximately 60% of today’s silver is used for industrial purposes such as electronics, solar cells, automotive and soldering, with the remaining 40% available for investment.
The survey then goes on to (try to) explain that despite the axiom of the law of supply and demand that more demand than supply (by a large margin) must result in higher prices, that silver prices were lower on average over the year 2022 than the year before.
Silver is in a multi-decade downtrend dating back to 1980. The silver price needs to be $184 today to match its 1980 intraday high of $49. Silver at $25 oz. today is the equivalent of $8 oz. in March 1980.
