Bull markets are scary. They become very overbought. They present reasons why people should take their profits while they have them. But then they keep going up.
Silver, like gold, may have formed its cycle low in late October 2025 at $45.55. Silver has soared to new all-time highs finally taking out the nominal high of 1980 and 2011 near $50.
We’ll see where the silver price ends. Will the futures be up over $4 this time? Either way, it sure is fun to be a silver investor when it feels like the price is going up $2-$3 every day.
Michael has spent decades studying long-term structural shifts in markets. Our conversation explores several important points that matter for anyone holding or considering holding silver.
Lead assay results from two silver-bearing samples of massive galena in cobble-size float at the Lodge Showing have returned 76.8% lead and 9.6% lead, respectively.
Results include 1.25 metres averaging 1,261 g/t silver, 0.74 g/t gold, 0.35% lead and 0.41% zinc starting at 179.5 m, within a larger 14.4 metre intersection of 231 g/t silver...
When you combine inelastic supply and inelastic demand with surges in both industrial and investment interest, PLUS the Giffen effect, you end up with an extremely bullish setup.
