I am hearing a lot of talk about the silver price surging to $300-$500 by the end of the summer. It seems that many silver investors are waiting for these prices to CASH IN BIG TIME. But could they? I am going to provide my analysis on what would happen if the silver price went that high.
However, I don’t believe silver will surge that much this year, even though I would be very happy to see much higher silver prices. We must remember, the Silver Market… is BUYING & SELLING.
At the end of the video, I explain what would fundamentally drive the silver price to $300 in the future.
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Nice report Steve. Surely to get to $300 we are going to need to see that big demand as people see no alternative.
I want to be selling into big demand
Steve,
Thank you once again for your incredible perspective.
Do people not realize that if silver hits $300 per ounce what will have happened to their dollars. If silver stackers are still thinking in a dollar centric world they are big time losers. There is no “Money” to be made if silver hits $300 or $500 or $1,000 per ounce. It is merely a reflection of the dire straits of the US dollar. Don’t be fooled. Hold tight to your silver for the lean times a coming.
If you don’t hold it, you don’t own it.
The dollar-centric world is dead and will never revive.
Good points. I believe Andy Schectman has mentioned similar dealer pain. But at some point there may be FOMO on the part of the 99.5% who own little to no silver. At that point there may well be a stampede of buyers at the local coin shops. And then there’s always eBay where sellers and buyers can meet up directly without involving the local Coin Shop. But as has been mentioned, what will the condition of the dollar be when silver is $300-$500? When stackers sell silver what do they get for it? A depreciating IOU US dollar. Then what?
PS …. OR.. just invest in PSLV. If silver -or WHEN – silver gets to dizzying heights, an investor captures his profits and has more favorable tax treatment in US if invested in PSLV vs SLV, being able to have long term capital gains tax rates. I think I’ll take my own advice when cashing in profits on call options going forward.
Good analysis Steve, thank you
Dark times ahead
My thoughts! 😕
Last quarter (Q1) was a very strong “Shooting Star”. A high of $118.45, a close of $72.685.
It’s not the confirmation of a reversal — just the warning shot. This quarter (Q2), the close is hanging around $74.755.
If price, continues to hang around, the last quarter; (Q1) close – $72.685, it is “Accumulation”.
The MACD and Stochastics are at their highs if you understand the “Technical Analysis”. These two indicators could move to their lows if the price of silver is in an “Accumulation” mode.
There is more to all this at the moment and is a case of wait and see. I personal think we will see silver at $150.00+ sometime in 2027 even if we see it in the $50s or 60s before. It won’t stay there long.
Definition:
A session with a long upper shadow and a small real body near the bottom end of the trading range is called a shooting star. Just as the long lower shadow of a hammer is bullish, so the long upper shadow of the shooting star is bearish. The long upper shadow means that the bears have been able to sharply drag prices back from their highs.
Steve Nison. Beyond Candlesticks: New Japanese Charting Techniques Revealed (Wiley Finance) (Kindle Locations 590-592). Kindle Edition.
I’m starting to laugh at predictions of $300-500, with due respect to Oliver. What makes more money? A profitable vblogger subscrition channel or $300 silver. The internet is filled with silver shod Pied Pipers tooting the wonderful world of $500 silver. I know that if silver does actually hit 300-500 I plan to go to our local unicorn dealer and buy a brace of flying horses, one for me and one for wifey. Instead of driving our non-EV gas hog SUV we’ll fly over the the highways while enjoying some sun and wind in our hair. We’ll have so much money/silver we can hired full time unicorn butlers and some poor schmuck to scoop the poop. Don’t get me wrong, I’d love to see my silver hit 300-500 but I’m not placing an order from unicorns from the local Ford dealership.
Every time I see a Michael Oliver $300 silver headline, this confirms for me that we’ll have sideways price movement in the near term, so what’s the point of the titillating clickbait if it doesn’t happen soon.. Mid to long term, who knows?
How fast do we travel the rocky road towards hyperinflation. The 10Y bond yield is rising. Will the Fed start purchasing long-term bonds at the expense of the dollar? Also, how bad is this oil shock going to be? There might be some very serious incoming price inflation with inflated diesel prices.
Are you still thinking that the slide down the energy cliff is going to trash dollar-denominated assets and force people into PMs? Certainly, the skis are pointed downhill now on the energy cliff now, don’t you think? Events could accelerate pretty quickly from here on out.
I agree with your perspective and points made.
However, the currency of the realm is what people buy things with.
While it would be foolish to liquidate all of one’s holdings,if one has accumulated (for example) a multiple of their body weight, exchanging some (half?) for currency of the realm for car or house maintenance, etc. may be wise
During this situation would dealers be more comfortable with trading silver bars and coins for gold?
There’s silver and there’s silver coins…..each one destined for a different future. If the current dealers won’t buy junk at a decent price there’ll be someone else out there starting melt operations that will be willing to pay more. If silver is as valuable as all the experts seem to think, its value will ultimately lift all boats. The key thing is to wait the bastards out!