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.
Relative to the Dow’s valuation, you are paying the same as in 1972 for an ounce of silver. Only when priced at $2785 per ounce would it be priced at the 1980 high in terms of the Dow.
