Even with the correction, the Silver Institute remains bullish moving forward, warning that despite some easing in the market, the environment remains favorable for additional squeezes.
That run into January 2026 was quite spectacular. We believe it ended as third wave up... The pattern forming suggests anywhere from $6,300 to $6,500. Silver to around $135 to $140.
A breakout occurs above $79 but we wouldn’t be looking at potential new highs until we break over $107. Silver appears to have good support down to $65. Below $62 silver is in trouble.
We are going to look at strong evidence that the PM sector bottom is in – we will also see why downside risk here now looks minimal and why the next major upleg looks set to begin soon...
Gold and silver and the gold stocks seem to be caught betwixt and between...despite the ups and downs of the past two months, we are essentially going nowhere. We await breakouts.
Widmer noted that in 2011, at the peak of the Great Recession precious metals bull market, the gold-silver ratio dropped to 32:1. Assuming $5,000 gold, that would push the silver to $135.
There’s an incredibly high probability the Strait remains closed longer, putting upward pressure on the oil market, increasing probability of downside pressure for gold and silver prices.
