Silver took a while to get to new highs, but it's finally at all-time highs as well as gold. And uh I think now there's clear sailing for both of them. >> You're watching Silver News Daily. Subscribe for more. >> Silver is about to go parabolic and almost nobody is ready. David Hunter, one of the most contrarian voices on Wall Street, is warning that we're standing at the edge of a meltup so violent it could send silver past $100 in a matter of months. And that's just the start. We're talking about a full-scale financial detonation, 25% inflation, and 80% collapse in stocks, and the complete breakdown of investor trust in fiat money. And while everyone's focused on gold, it's silver that's about to steal the show. Not in 5 years, not next decade, right now. The signals are all flashing red. Massive structural deficits, explosive industrial demand, and a collapsing gold to silver ratio are converging into one of the most asymmetric setups in market history. Silver is no longer just a precious metal. It's a ticking time bomb. And when it goes off, the move could be historic. So, if you think $30 silver is expensive, wait until you see what happens when the financial system starts to crack and the real panic begins. Because once silver clears $100, there will be no going back. as a positive for the market. But as the economy continues to weaken, I don't think the Fed's going to be easing aggressively enough to stop what I think is going to be a pretty uh dire 2026. Um so that's that's what I would start thinking about. And you mentioned market timing. You know, again, I've talked about this in a few of my interviews. um you know from the mid 80s on the mantra in the in terms of what the financial industry pushes on the investor is it's time in the market not timing the market. I would just caution people that has been great advice. Anybody that just kept putting money into an index fund for the last 30 40 years has has been very thankful of that and just stayed with if they stayed with it has has made a lot of money. There comes a time when a cycle comes to an a big cycle comes to an end. I'm not talking about the shorter economic cycles, but a bigger market cycle comes to an end. And when it does, and if if I'm right that this one's, you know, going to be a major top where you could see as much as an 80% decline in the stock market, you don't want to ride that down. So even though you know advice is the advice of just buy and hold and markets always go to new highs has worked wonderfully for as I said for 40 years is not going to work well for the next decade because you're going to get hit very hard if if this thing does what I think it's going to do and then you're going to have to dig yourself out of a big hole and you may not get back to the levels you were at this year or or early next year. So, so it is a time when you may have to kind of go go against what's conventional wisdom right now in terms of uh buy and hold and say, you know, I'm going to be out. Uh it doesn't mean you have to be perfect and when you get out uh but you're going to have a a better entry point, I think probably end of this year, I mean end of next year or early 2027. And it will be um a different market cycle following this one. Um you know every every market cycle has different leadership. This one was led by tech uh to some extent healthcare earlier in the cycle. Um the next cycle is going to be much more of an inflationdriven cycle led led by the commodities led by the precious metals. So, um, yeah, you can ride you can ride the metals through this, but they're going to get hit too in a bust. In a global bust, most assets are going to get hit, but whereas say the stock market might drop 80%, gold might drop 50% or 40%. Um, so, so it will be a relative performer, but that's still a big hit. So, um, the things that will hold up in in the bust will be >> silver just made history, but nobody's talking about what it means. After years of underperformance, the metal finally surged to new all-time highs in 2025, breaking through resistance levels that had held it back for over a decade. But right after that euphoric breakout, something critical happened. Silver pulled back by about 10%. To most investors, that looked like the end of the rally. But to those who've been through this before, that dip was the signal. Because in every major bull market in silver, the first breakout is never the last. It's the start of the real move. Look back at 2010. Silver broke resistance, pulled back, and then launched from $20 to nearly $50 in just 8 months. What we're seeing now mirrors that setup, but with one major difference. This time, the fundamentals are far stronger. We're not just seeing speculative momentum. We're seeing record-breaking industrial demand, rising inflation expectations, and a Federal Reserve that's cornered itself into a cycle of endless easing. This corrective phase we're in now, it's not weakness, it's fuel. It's laying the groundwork for the next leg up. And David Hunter knows it. That's why he just raised his silver price target from $75 to $100 in the short term and ultimately $500 in the long run. Because once silver consolidates, clears resistance, and breaks free again, there may not be another pullback. This isn't the top. This is just the beginning. >> Um, truly a pause that refreshes. It gets everybody concerned. Everybody's talking about the bubble in AI and and whether the market has topped and whether trouble ahead. Um, and basically you've rebuilt the wall of worry. I think there's always a possibility of going lower, but I think we may have seen the lows of this pullback. You know, the S&P pulled back about 5% almost precisely. And uh I I think we're probably off to the races here. I think, you know, you couldn't It's not that it'll be up every day or that it's going to be straight up without any more pullbacks, but I think between now and the end of the year, you could have a very strong rally. Uh certainly between now and Thanksgiving is a traditional seasonal strength time and I think we're going to see that here. Um you know everything to me looks as it has you know ever since the last time we talked um we're we're moving to new highs. Uh every time we get a little bit of a a sell off people start uh you know jumping back out saying oh the top is in. It just tells you you still have surprisingly as far as this market has come, you still have sentiment um pretty much restrained here uh if not you know for many people downright bearish but I think for others at least not yeah no question the Fed seems to be along along with the worry about an AI bubble the Fed seems to be you know right front and center in terms of the thing everybody's most concerned about. It's funny because I on one hand I think the Fed is going to help fuel this run to the top. Uh and I still think there's you know 40% plus to go. Um but on the other hand it doesn't mean it has to you know that if they don't cut in December it's all over. I mean, people get a little too, I think, too obsessed with the Fed, frankly, um, and maybe even our president is doing that. But, but, um, I, you know, as I say, the bond market will dictate rates and my look at the bond market tells me there's there's a big decline in rates coming. Doesn't mean it's right from here, but I think somewhere between 4, you know, we're 410 or thereabouts. between 410 and 420 on the um the 10-year is I think the end of this back up in rates and I think you'll see 3% probably in a matter of a >> silver has always followed gold's lead but when it catches up it doesn't just mirror gold's move it amplifies it pattern has repeated itself in every major metals bull market in 1980 gold hit a peak of $850 an ounce but silver stole the spotlight surging from under $6 to nearly $50 in less than a year. In 2011, gold cracked $1,900. But again, it was silver that multiplied faster, jumping more than 400% from its lows. And now in 2025, the setup is even more extreme. Gold is already pressing towards $4,400, breaking record after record, but silver is still sitting at a fraction of its inflationadjusted high. The lag is once again apparent, but it's not a sign of weakness. It's the slingshot being pulled back. Because when silver moves, it doesn't inch higher. It erupts. And according to Hunter, that eruption is just months away. The gold to silver ratio, one of the most watched metrics in the precious metals world, has collapsed from over 90 to1 down into the 70s, flashing a massive buy signal. Historically, when this ratio compresses, it's silver that does the heavy lifting. And Hunter's prediction of 5,000 gold paired with 100 silver implies a ratio of just 50 to1. A complete mean reversion that could trigger the most aggressive silver rally we've seen in our lifetime. So don't mistake delay for denial. The catch-up phase is underway. And when silver starts to play catch-up, it doesn't just match gold, it obliterates it. >> Yeah, definitely. And I think people always use valuation and and get nervous, but frankly, valuation's never been a a good indicator of a top. Certainly, we've, you know, we're, as I keep saying, we're 43 years into a secular bull market at all-time highs or very near all-time highs. Um, you know, we've been very strong since October 2022. Uh, more than doubling off of that. So, so it's um you know it's understandable that valuations are higher and with what's going on in AI that certainly has lifted things, but if you look below that and look at a lot of other stocks, there's plenty of uh areas in the market that are not overvalued at all. And frankly, as I said, valuation is not a good time, not a good indicator of a a top anyway. So even the things that may seem uh bit up on on stilts uh even they look like they can go a lot higher. So um I just I it it's funny but particularly on the institutional side all the way up from October 2022 so three years out we still have people with one foot out the door. I mean the the portfolio managers yes they need to be invested. Yes, they're, you know, going with the momentum when it's up, but every time things start getting a little bit um negative, uh they they get cautious again. And that's a sign that we're not near our top yet. I think timewise we're not that far away. Could be just a matter of months, but from a standpoint of how far this thing can still run, um to me, there's there's just still a big wall of worry that can fuel a much higher advance. Just before we get going, we just launched the official Silver News Daily Telegram. To kick things off, we're running a 10oz silver giveaway. Yes, real physical silver, not a voucher, not digital credits, actual bullion. This Telegram will be our new home for real-time silver discussions, market insights, collection picks, and everything precious metals. It's where the community truly comes alive. Here's how to enter the 10oz silver giveaway. Be subscribed to Silver News Daily on YouTube. Turn on the notification bell, comment 10O giveaway on three separate videos. Be an active member of the Telegram group and say hi. Once we hit 500 active Telegram members, we'll pick one lucky winner to receive 10 ounces of silver shipped directly to you. So get in early, stay active. Silver isn't just a monetary metal anymore. It's become the backbone of the modern industrial economy. Every major technological revolution we're witnessing, whether it's green energy, AI, or nextG infrastructure, runs straight through silver. In 2025, this demand has gone from steady to vertical. Solar panels alone now consume over 20% of global silver supply, and that number is projected to rise another 10% this year. Electric vehicles, data centers, 5G towers, and AI hardware are all devouring silver at unprecedented rates. But what makes this different from any previous cycle is that there's no substitute. Silver isn't optional, it's essential. You can't swap it out in high efficiency solar cells. You can't build EVs or 5G networks without it. And with global governments pouring hundreds of billions into clean energy mandates, the industrial demand floor under silver has never been stronger. The US is leading a manufacturing resurgence, adding tariffs and incentives that are pushing companies to onshore production. That means even more domestic demand for silver in electronics and green infrastructure. Meanwhile, global data consumption is skyrocketing and silver's role in AI systems and advanced electronics is only just beginning to be understood. This isn't just another narrative. It's a structural shift. Industrial demand isn't the cherry on top of silver's bullcase anymore. It's the core. And when you combine that with investment demand and monetary chaos, the result isn't just a higher price. It's a shortage. A real physical shortage. And that's where this gets explosive. >> Yeah. Like I said, it'll be decades. I don't know whether it's two decades, three or four or more. Um, but it I'm pretty sure because of what's coming, it doesn't mean all things are not going to be up at new highs, but the the broad indexes, the, you know, the S&P, the Dow, the NASDAQ, those those indexes, I think, are going to be decades before you see the highs that you see in this cycle. So, if it's 9500 on the S&P, uh, and you go down 80%, let's let's round the number. Let's say it's 10,000 on the S&P. you go down 80%, that's you know that's 2,00 uh you can come out of the the bottom of this um bare market and see the market triple or quadruple off that bottom. So it could go from 2 to 6,000 or 2,000 to 8,000 and still be far below the the peaks of this cycle. So, it doesn't mean you won't have a cyclical bull market or a money-making opportunity in the in the indexes. Um, but if you ride it all the way down, that's not going to get you back to even. Uh, you're still going to be well below even, I think. Um, and, um, whereas if you're in a, you know, if you're in a more narrow group of stocks that are, let's say, commodities, um, the next cycle, those could go on to major new highs. So, you know, I'm calling for gold to go to 20,000. I'm calling for silver to go to 500. So, even if you rode through the bear um and rode through the bust and and bought and held those things, you will be fine. Uh you'll just have to deal with the, you know, the negative period that you won't feel very good, your portfolio's gone down. But so it really makes some makes a big difference what you're what you're owning going into the bust and then what you're owning on the other side of it. Um in terms of and but I do want to stress people hear dire things like 80% never getting back to those eyes or not for decades. That does not mean there's not uh investment opportunities in the next several years. There's going to be some very big opportunities. It's just going to be in a different manner. You're going to have to kind of adjust to the different kind of a cycle that you're going to be in cuz it is going to be um what happens is in the bust the central banks around the world are going to have to respond to the bust with all kinds of money. So similar 2020 similar to 20089 you're going to see massive money except I think it's going to be four times what we saw in 2020. So massive money, it will trigger a rebound. It will trigger a recovery cycle. >> The silver market isn't just heating up. It's running out. For the third consecutive year, the Silver Institute has reported a structural market deficit. And the gap between what we mine and what the world consumes keeps widening. It's not just that demand is going up, it's that supply can't keep up. And nobody's ready for what that means. Years of underinvestment in mining have hollowed out the supply chain. High-cost producers went offline after the last bull market fizzled. And now the world is scrambling to restart supply just as demand is going vertical. Even worse, silver isn't mined on its own. It's mostly a byproduct of other metals like lead, zinc, and copper. So, you can't just flip a switch and flood the market. The physical supply is capped and the backlog is growing. Add to that growing geopolitical instability and national resource protectionism and you're looking at a scenario where silver becomes one of the most strategically constrained commodities in the world. Physical investors are already starting to notice. Premiums on silver bars and coins are rising and delivery times are stretching out. And if institutions start piling in, there won't be enough to go around. This is what sets silver apart. When the supply crunch hits gold, it's a headline. When it hits silver, it's a detonation because silver doesn't just face demand from investors. It has to meet the needs of an electrified AI powered solar-driven world. And right now, it's nowhere near ready because it's work, you know, a strategy that's worked for so long has gained a lot of uh acceptance. So, it's going to be it's going to take a real mindset change to to go from, well, I just let my portfolio ride because it always comes back, you know. Yes, we have these periods of time that are negative, but you know, I'm not smart enough to time it, so I'm just going to stay put. That's that's been the conventional wisdom for a long time now. It's going to be very hard to convince people to go against that cuz it's worked so well. Uh, and yet that's probably what they should do. Yeah, I would just re-emphasize. I think we are at a major inflection point. Well, major isn't the word. I think the major inflection point was last April, but we're at a significant inflection point here. Uh in terms of the correction, I think is running its course. Um it has run its course in both uh the stock market and the metals market and that includes the miners. Uh I think it's up from here. Um and I think bonds will shortly follow. So, you know, we're going to have a period here, I think, over the next 3 or 4 months where bonds will be great, stocks will be great, and the metals will be great. So, you'll have >> The gold to silver ratio is quietly flashing one of the loudest buy signals we've seen in decades. For much of the last few years, this ratio hovered above 90 to1, meaning it took over 90 ounces of silver to equal the value of 1 ounce of gold. Historically, that's extreme. And every time we've seen this kind of distortion, silver hasn't just corrected, it's exploded. In 1980, the ratio collapsed to 15:1. In 2011, it fell below 35 to1. Each time, silver outpaced gold dramatically. And in 2025, it's happening again. As silver began its catch-up rally, the ratio started compressing, dropping from the 80s into the 70s and threatening to break even lower. That's more than a chart. It's a warning because every tick lower in that ratio represents silver gaining ground faster than gold. And once it breaches 60 to1, the momentum tends to go vertical. David Hunter's forecast of $5,000 gold and $100 silver implies a 50 to1 ratio, smack in the middle of the historical mean. That's not a fantasy target. That's a reversion to what this market has done time and time again. And with gold already above $4,000 and climbing, silver is sitting there undervalued, underowned, and underpriced, just waiting for the ignition point. This ratio isn't just a technicality. It's a road map. And if history is any guide, following it could be the difference between riding the wave or getting crushed by it. >> Yeah. So, so just to kind of clarify, I am looking for a top in a 43year secular bull market. So this is what would be categorized as a very major top um and one that will probably stand for decades. So the highs in this stock market um of you know I'm I'm calling for which I kind of glossed over but I'm calling for 9500 now from the S&P. I think last time we talked I was I was down at 8,700. So I've raised that in in my fourth quarter letter to 9500. That's a long ways from here. It's 40% um probably for me basically. Um and the NASDAQ I raised to 32,000. Um the Russell uh I raised to 3,800. Uh and the Dow I raised to 65,000. So all of them have basically 40% plus uh returns from here to go. Um, with that in mind, uh, it's not a top yet and and even though it can come very fast in in this final stage, um, you do, you know, you don't want to get nervous yet and jump out. But on the other hand, uh, timewise, we could be at a top as early as sometime in the first quarter. [snorts] Um, and so you do have to start looking. And what I will say that we're not seeing the signs here yet, but what I would be looking for is sentiment to be allin. Once you once you have, as I said, people are pretty cautious right now. And every time we get a little sell-off, they get nervous. Uh once you have everybody convinced we got the Fed at our back, you know, the Fed's getting more aggressive and easing, um it means the cycle has a long ways to go. It could last for a couple more years. Once you start hearing that rhetoric, that's the beginning of the end. It's not the end, but it's the beginning of having to start say, you know, how long can this run? I don't think it has two years to run. I think it has months to run. Um, so, uh, you know, I may be wrong. It may get stretched out again. Um, but that's what I would be looking for is sentiment to move from this kind of um semibbearish cautious area to where everybody's convinced that everything's wonderful. And um I think that's coming. You know, it's it's that kind of what we see at tops. We haven't seen that in this cycle yet. Um I also think um that you'll begin to see um a much weaker economy. Um, and that's I think will help fuel this last run is as as the economy weakens, the Fed's going to get more aggressive on the easing side, they have to start pumping liquidity because they've been too restrictive and that will initially be taken. >> Silver miners are finally breaking out and they're doing it with a vengeance. After years of underperformance, 2025 has delivered what contrarian investors have been waiting for. A full-scale minor resurgence that's now outpacing even the explosive move in physical silver itself. David Hunter believes the biggest part of the run in the miners is ahead, and the numbers are starting to back him up. ETFs like SYJ and GDX have rallied sharply since late 2024 with some individual miners doubling or tripling off their lows. And that's no coincidence. This is how silver bull markets work. Miners don't just follow silver higher. They magnify its moves. Historically, a 100% rise in silver can mean a 300 to 500% rise in the best positioned mining stocks. But here's the kicker. This is still early. Despite recent gains, many miners are still trading at valuations that suggest investors don't believe the rally is real yet. That disbelief is opportunity. If silver truly breaks through $100 as Hunter projects, the leverage built into the miners could send them into parabolic territory. We're talking about a potential generational setup. High margins, rising prices, and zero investor attention. And with sentiment still catching up, the conditions are ideal for a stampede because when the market finally realizes what's happening in silver, the miners won't just move, they'll melt up. >> It's uh it's been a a tremendous run this year. you know, the miners have finally started to catch up to the metals. Uh, gold's done very well as we know. It's at, you know, has been up to 4,400, I think. Um, and silver, which had lagged, uh, has done a lot of catchup in the last several months. Um, we've gone through a correction here. You got a lot of people calling for lower prices on gold and silver, lower prices on the metals. Uh my look at it is that we we are at that inflection point here too. I think I think as of um yesterday today you may have bottomed out in the miners and I think there's a big run ahead. I think the biggest part of the run in the miners is ahead as big as you know some of those have doubled and tripled off their bottom some more than that. Um and yet I still think the biggest move is ahead of us and ahead of us in the next 6 months. It's not you know two years ahead, three years ahead. Um they will get hit in in a global bus which is what I'm expecting after this uh you know sometime next year but um before that there's there's big upside in the miners. Um my target on gold um you know was 5,000. That's where I But I think that may prove conservative. I raised my target back in early October in my fourth quarter letter on silver. I raised that to $100 from 75 and uh I'm pretty confident we're going to see that in the next, you know, several months. So, um there's a you know, basically silver took a while to get to new highs, but it's finally at all-time highs as well as gold. And uh I think now there's clear sailing for both of them. >> The Federal Reserve may not realize it yet, but it's sitting on a ticking time bomb and silver investors are watching the clock. As of late 2025, markets are on edge, waiting for that first decisive rate cut. The Fed pivoted from tightening to neutral in 2024. But now the pressure is building for them to act. Inflation is rising, growth is slowing, and real yields are already creeping lower. for precious metals. This is rocket fuel. David Hunter doesn't think the Fed will lead the charge. He believes the bond market will force their hand. His forecast, a dramatic decline in the 10-year yield to 3% in just months. And if that happens, the Fed will have no choice but to turn aggressively dovish. That means easier money, falling real rates, and a rapidly weakening dollar. All of which feed directly into higher silver prices. But it's not just about inflation or interest rates. It's about confidence. Once the market senses that the Fed has lost control, capital will flee risk assets and flow into real ones. And silver, with its combination of monetary protection and industrial utility, becomes the standout choice. We've seen this movie before. In 2010, rate suppression lit a fire under silver. In 1980, panic over inflation and policy missteps sent silver into orbit. And now with the Fed boxed in, the setup is eerily similar. Only this time, the fundamentals are stronger, the debt is higher, and the meltup will be bigger. >> I've got a quarterly macro letter that I um put out by subscription, so there's a cost to it. Um up until now, I've always said just direct message me and I'll send you details uh you know, what it costs and what the letter invol, you know, entails. Um, unfortunately X has decided to change what was working fine, the direct messaging function they had and in the last week they uh switched to what they now call chat. It's a an encrypted message system. Um, it was rolled out poorly. A lot of problems with it. It's it's a very laggy system unless you um put in a passcode. you can you could send me a message and I can't get back to you because you haven't you haven't logged in. Um so it becomes a very unreliable system. Lots of my messages I I put in a message and it says it didn't go through. So, I'm I it it has really kind of changed things for me at least where I what I think I'm going to do is ask people to still use that message uh you know still direct message me through that chat but um just direct message me your email uh address and I will email you um the details of my letter. Um, you can still try it the other way, but if you don't get a response from me, it's because I couldn't get back to you. So, uh, I just want people to know I I'm not happy with X right now. Um, because it it really is not a reliable system at this point. They rolled it out. I don't know what kind of beta work they did before, but it is it is there's a lot of people out there complaining about it. I will say that >> we are now entering the most critical phase of this entire setup, the meltup. According to David Hunter, we're not in a normal bull market. We're in the terminal blowoff top of a 43-year secular cycle. That means what comes next isn't just a rally. It's the final euphoric surge before the system breaks. Stocks, metals, and risk assets are all poised to explode higher in one last parabolic move. And silver, it's the accelerant. In a meltup, fundamentals take a back seat. Momentum, liquidity, and blind FOMO take over. We've seen shades of this before. In 1999 with tech stocks, in 2007 with housing, but this time it's everything. Global central banks are trapped. Inflation is persistent and investors are chasing yield in a market with none. As money floods out of bonds and into anything tangible, silver becomes a lightning rod for that energy. Hunter believes this meltup will be unlike anything we've seen. Stocks will skyrocket before crashing 80%. Inflation will soar before the system buckles under its own weight. And silver will lead the charge, fueled by panic buying, collapsing trust in fiat, and a total breakdown in monetary policy credibility. The price action could turn vertical with silver going from $50 to $100 in weeks, not years. This is the moment before the detonation, the surge before the collapse. And those who recognize it for what it is aren't just preparing. They're positioning for one of the greatest wealth transfers in history. >> Class, it gutted our middle America. Um, and a lot of these cities are burned out cities that are, you know, very druginfested and crimeinfested. Uh, because people lost hope. And so Trump is trying through tariffs and through these other deals trying to bring capital back into this country from foreign investors. He's trying to rebuild that as fast as he can. And that that's where a lot of the criticism is is people see um see what he's doing. It looks reckless or looks a little chaotic, but he's you know that's what happens when you have to do it quickly. You know, we don't have the luxury of decades to do this, which is how it would normally play out if you reverse things. Uh he's trying to do it faster. I think it's the right policy. Um hopefully the Supreme Court allows the tariffs to proceed. We'll see. Um but um but people need to be patient because it it doesn't happen overnight even if he is doing it quicker than anybody else could do it. Um but that is the goal is to try to level the playing field, bring back Main Street at somewhat at the expense of Wall Street. You know, he's not trying to hurt Wall Street, but but they've had, you know, they've had great time. That's why we've got a 43 years regular bull market. Um, but you know, Main Street's really suffered and and it's been both Democrats and Republicans have allowed this on their watch for decade after decade. Um, and basically it was the economic theory out there that comparative economics works. You know, if the whole globe benefits from from going to the, you know, the lowest cost producer, um, then that's what we should do. And unfortunately, that's not how it worked. And of course there's, you know, not it's also not a pure pure economic model out there. You had China doing what they're doing and, you know, others doing what they do. And um but we've been we've been the marketplace to the world and it's time to kind of reverse some of that. Get get the trading deficit down. Get manufacturing back here. And that's what that I think is going to be part of the next cycle is a lot of why commodities going to play so well is because we are going to see manufacturing resurgence in this country. But that means building new factories, new plants. Uh that requires a lot of steel, a lot of commodities. Uh and unfortunately we won't have the supply. The demand will outstrip supply and prices will go through the roof. Um, but if you're there as an investor, you can be happy about that. >> The foundation is cracking and inflation is seeping through every break in the system. David Hunter doesn't see 3% or 5% inflation as the endgame. He sees 25%. A full-blown currency crisis fueled by years of reckless monetary policy, supply chain instability, and loss of faith in central banks. Once this spiral begins, silver will no longer be seen as a speculative asset. it'll be viewed as a necessity. And in that environment, $100 isn't the top, it's the floor. Hyperinflation doesn't hit all at once. It builds. It starts with rising costs, then wage pressures, then a loss of purchasing power. And once consumers and investors realize that their dollars are eroding faster than they can save or invest, the stampede into real assets begins. That's when silver goes from undervalued to unobtainable. Because unlike fiat currency, you can't print silver. And once the panic starts, there's no way to meet demand. In that kind of environment, silver at $500 isn't speculation. It's survival pricing. It reflects a world where currencies are collapsing, governments are out of options, and the average investor is desperately trying to protect what's left. Hunter sees this not as a remote possibility, but as the logical result of decades of economic mismanagement. And when the masses finally wake up, they won't be looking for 1% yields or treasury bonds. They'll be looking for anything real, anything scarce. And silver, scarce, essential, and monetary will be the one thing everyone wants and almost no one can get. Uh it probably will get it will be less than some cuz the top end are going to get hard, but they could they're you know, they have more more to be resilient with. Um you know, the guys that are struggling now are going to continue to struggle. um because you know in the in the downturn because downturn hits everybody uh and it hits the the poor the hardest because they don't have the wherewithal um longer term I think you are you are going [clears throat] to see the gap closed somewhat um because think about it if the market's down a lot who's hit the hardest it's the high end if if uh real estate gets hit and I think you know home prices in the US could drop 30 to 40% in the two years. Um that that's going to hit those that have the home equity and are feeling somewhat like they have some wealth the hardest. Uh so you close that gap, but it doesn't mean the other the other people are gaining. They're kind of they're they may be not losing as much, but they're, you know, so the gap's closing, but they're not feeling better. Um however, and it's what I say all the time is we're we're coming into some very hard times. If you get this kind of a scenario where the market gets hit hard, home prices get hit hard, um the economy is going to be facing inflation and then after that I think even a depression in the mid 2030s, the best thing you can do is not get caught get yourself caught up in debt. Try to reduce your debt. try to take advantage of these changes in the markets where you can you can get into the things that are going to work and try to get your your financial house in order to be able to withstand what they think are going to be tough times. Um, I will say the Trump administration is trying to uh bring back middle America. I mean, it's it's been 40 years of very bad policies. A lot of it was the whole comparative economics theory of, you know, send your send your um um manufacturing out to the places where you can do it cheapest because, you know, whoever can do it cheapest, that's okay. And then, you know, you make your money here on Wall Street, etc. Well, that really benefited Wall Street. The corporate earnings went up, but it gutted our middle class. Silver hitting $100 is not the destination. It's the ignition point. That price isn't where the bull run ends. It's where everything changes. Once silver breaks into triple digits, it sends a message to the world. The monetary system is no longer functioning as intended. It tells investors, institutions, and even governments that fiat is in freef fall, that inflation isn't temporary, and that the old playbook no longer applies. This breakout won't be a quiet technical milestone. It'll be psychological warfare. It will destroy confidence in paper markets, expose the fragility of suppressed pricing, and force a total repricing of silver's role in the financial system. And from there, things move fast. The same way $1,900 gold led to $50 silver in 2011. $100 silver could act as a springboard to $200, $300, and eventually Hunter's target of $500. Why? Because once the market accepts that silver is a runaway train, there's no incentive to sell. Industrial users will hoard it. Investors will pile in. Retail demand will overwhelm the supply chain. And institutions that never took it seriously will be forced to chase it at any price. This is how parabolic moves happen. Not gradually, but all at once. One trigger, one breakout, and silver transitions from undervalued to uncatchable. At $100, silver becomes untouchable. at $500, it becomes legend. >> It will trigger a a new second bull market. Um, but it also will trigger an inflation cycle the likes of which we haven't seen in this country. So, if in the early 80s we got up to the uh 20% inflation, I think this time around we might get up to 25% inflation um by the early uh 2030s. If um you know if you see that that's going to be negative for a lot of growth stocks, the stocks that depend on lower interest rates. It's going to be negative for the bond market. I personally uh I think you're going to have a great run in bonds. You could see a 0% 10year at the end of the bust. Um but from there you could see the 10ear go to above 15% maybe even 20% over the ensuing seven or eight years. six six seven eight years. Um so I personally would consider that that 0% 10year the top of the bond market um probably that will be the top uh and and the bottom in rates for for a long time to come as well. So if if you think it through that means the next cycle bonds are not going to be a good investment. uh if the indexes are going to be lagging, they're not going to be a great place to be. And so it starts starts putting you more towards commodity and and doesn't just mean gold and silver. It means oil, oil stocks, um copper stocks, you know, steel stocks, all the commodities I think will do very well in the next cycle. Um, so it it it means you and that's that's investments if you go all the way back, you know, every cycle you'd have to be flexible. And what happens to most investors because they don't understand that is they kind of ride with the horse that brought them there. And so they don't really change things around and and then the next cycle, the things that work so well in the past cycle are the laggers this cycle because they're under a lot of distribution. Um and the things that are the new leaders are the lowest weighted things in the indexes. So they don't really give you the oomph that you want. You have the heaviest weighting things are from the past cycle and those are lagards and the lower weighted things are the new leaders. So you you have to kind of be a more active manager going into the next cycle is what I'm >> silver's move to $500 isn't just a wild prediction. It's the logical end to a system that's collapsing under its own weight. Every piece of the puzzle is now in place. Historic deficits, record industrial demand, a Fed out of options, and an economy teetering on the edge of an 80% stock market crash. This is the meltup before the meltdown. And in this final phase, silver is set to become one of the most explosive assets on the planet. David Hunter's forecast isn't about hype. It's about sequence. First the breakout, then the mania, then the reckoning. And we're now entering the most dangerous and profitable part of that cycle. If he's right, silver at $100 is only the beginning. $500 is the target. And when that moment arrives, it won't feel like a bull market. It'll feel like escape velocity. So, what does that mean for you? It means staying informed. It means understanding the forces driving this move. And above all, it means preparing before the herd wakes up. Because by the time the headlines scream about Silver's breakout, the real opportunity will already be gone. If you found this valuable, make sure to subscribe for more insights like this as we track Silver's historic surge and the unraveling of the global financial system. And remember, this is not financial advice. Always speak with a licensed professional before making investment decisions.