Silver possibly up to $144 in the next 4 months
Current spot price is $46.66. Already up 44 cents in the aftermarket trading.
https://www.jmbullion.com/charts/silver-prices/
Gold has increased in price by $680 over the last 6 months as well. Sitting at $3801 an ounce.
Silver increasing to $144 and ounce would be over a 200% increase from today's spot price. A 200% increase in gold price over the 4 months would put it at $11,390.
Gives new meaning to the Trump term, "Golden age"
President Trump's executive order allowing people to invest their 401k into precious metals starts in February. This could possibly send the metals markets to the moon.
People pulling money out of the stock market to reinvest in precious metals, the stock market could possibly tank. If this happens, it would be a perfect opportunity for Trump to make his move to end the Federal Reserve's control over our monetary system. Refusing to lower interest rates, uncontrolled debt, crashing stock market. Trump will argue the Fed Reserve has failed to live up to its promise to protect our financial system from volatility, which was the Fed Reserves stated function.
Reasons silver will "moon"....
Over the last 5 years, more has been used than has come out of the mines. Scarcity.
US Government, about a month ago, categorized silver as a "critical metal". It is needed for the USA to maintain its strength militarily.
All of your military drones and other computerized weapons contain silver...and we have been burning few quite a few munitions lately....with www3 potentially in the future.
Your computer, your phone, your tesla, all contain silver. AI data centers will use massive amounts of silver.
Silver isn't specifically mined...it is a byproduct of mining gold, copper, and other industrial metals. A recession or depression could slow mining of industrial metals and thus silver would not be mined.
Central Banks are massively buying including China and Russia. Saudi Arabia just bought a massive amount...and they are demanding physical delivery of the metals (not a paper contract saying they own silver).
Without all of that demand...the average gold to silver ratio over the last 500 years has been 12-15 silver to 1 gold. With more industrial demand as mentioned above...that ratio should be dramatically lower than the historical ratio, instead...it is currently 80 ounces to 1 gold. Based on history without all the industrial demand, silver should be $200-$300 an ounce.
Finally, silver has been massively manipulated and shorted to keep it cheap for manufacturing of military and consumer items. For every 5.5 ounces claimed on paper...there is only one ounce of silver. Think of GameStop on steroids.
Long story short....I think Silver will be four digits within a few years. Not investment advice....but I personally think it is one of the best opportunities of our lifetimes. When shtf, what is a $112,000 bitcoin going to be worth when it has no military or consumer value? Silver will have value.
Everything points to it going way higher…possibly sky high…and relatively soon.