On an episode of Soar Financially hosted by Kai Hoffmann, Stefan Gleason joined the show to explain what is driving the near-daily precious metals headlines.
Silver topped at just under $50 oz. in 1980, and again in 2011. ChatGPT says that $45-50 oz reflects full fundamental value. I would not be surprised to see it go beyond $100.
We’re seeing more movement in the gold and silver pricing, this time with some divergence, as the gold futures are currently up $86, while the silver futures are down $1.40.
The bottom line is that no one really knows what the future holds for gold, silver, and the rest of the commodity complex. But one thing is clear, and that’s the direction of the trend.
