hey everyone welcome to bald guy money as it stands today silver is holding strong at the sixth position on the list of the 10 largest assets ranked by total market cap not including real estate of course but as the market begins to turn over and it is right now as we make lower highs and lower lows on the S P 500 just as I said you should expect it to when I made that video about getting out of stocks and moving into precious metals not long ago I'm aware that some of you are becoming concerned for the price of


silver due to its link to Industrial demand so in this video I want to zoom out a bit and talk about how the price of silver is developing what I am seeing from the industrial demand side and also talk a little bit about how concerned you should be about Alternatives replacing silver in the future and what all this means for the price of silver moving forward and we're going to start this video by looking at the price chart for silver because there are a lot of Clues to the strength of silver here that tell us


where we are and the first thing I want to point out is the fact that since topping out in price back in May at 26.14 cents an ounce we are now making lower highs and this is something that would usually be a troubling signal in a price chart indicating a downward trend but the reason I say usually is because as we have been making lower highs we are making higher lows on the price and I have marked these here on the chart going back to June and this tells us that we are in what's called a consolidation phase much like we are in


Gold by the way and in a consolidation phase as I have Illustrated on this chart here the trading Corridor Narrows and the price between the highs and the lows get closer to each other and this is typically caused by a reduction in the number of Sellers as well as a reduction in the number of buyers and if we quickly switch over to the ishares silver trust SLV trading volume chart which I understand isn't 100 indicative of the physical Market but it is the best data we have to gauge interest in


silver investments you can see that we're at three-year trading volume lows and for silver stackers this is a really great sign because that lack of interest from casual stackers we all know them the people who are buying silver as the price is going up that means that we are in the proverbial eye of the storm right now and it's exactly why I am stacking silver right now and this is where the story gets interesting now just before I continue I want to remind you all that if you're in the USA and looking to


stack some gold and silver from a reputable dealer at a great price don't forget to check out pinbacks.com you have absolutely nothing to lose by checking out their website and right now you can get a one ounce silver Austrian Philharmonic at this amazing price they are great coins and recognized around the globe so that's pimbex.com you can reach out to them at the number on the screen and I will share the link to this great deal in the video description so silver is in consolidation right now


price action has been pretty boring hardcore stackers have stayed with silver and the Casual stackers who got scared have probably already sold out of it and the question is where do we go from here and the answer is there are two possibilities after long periods of consolidation the price of something either breaks down and makes a big move to the downside or it breaks up and makes a big move to the upside and from my point of view we are more likely today to break up and the first reason why is that despite strength on the


Dixie dollar Index right now silver is holding strong in fact silver is currently trading 15 percent higher versus the last two times the dollar Index was this strong and as I've been saying here on the channel for a while as the dollar reverts back to its mean which is around 95 and you can see we are above 105 on the index today expect to see the price in metals grow due to the general inverse correlation between the dollar and metals prices meaning from my point of view there is already a


10 upside built into the price of silver based on my thesis that the dollar cannot remain as strong as it is now but that's just the beginning because as I alluded to at the beginning of the video industrial demand is also a major factor impacting the price of silver and that's why I am regularly keeping an eye on the PMI Manufacturing Index many of my long-term viewers will be familiar with this but for people who are new to the channel this index tracks manufacturing activity and anything


below 50 indicates contraction and in past videos I have Illustrated that when this index is performing poorly when manufacturing is Contracting it usually coincides with a local bottom in silver price and that's 80 of the time and it's in moments like this when manufacturing is weak retail investment interest is low and I've already demonstrated that it is it's moments like this we should be stacking this is where the deals are because once we break out of the current consolidation there isn't much in the


way of us surpassing thirty dollars an ounce it will happen quickly and when it does you'll find that the really attractive dealer premiums will have already disappeared and the same thing applies to gold now if we zoom out a bit more on Silver demand is expected to grow and if you look back at some of my older videos I was one of the first people talking about 2026 being a pivotal year where the pressure on Supply is going to increase radically in line with that I revised my outlook on Silver demand and here's a snapshot


of that from a patreon video I did breaking it down in detail you can get full access to that video by joining the patreon I'll put the link uh in the description and the pinned comment because I understand this data may look a little out of context but what I want you all to focus on is that we will likely be reaching demand of 1.4 billion ounces a year by 2026 where we're really only taking a billion ounces out of the ground per year right now and Alternatives that I keep hearing about in the comments section here on


YouTube and here's a list of them are either less efficient than silver in doing the job that's needed to be done and that's in the cases of copper aluminum and tin or they're too expensive to produce with little progress being made to scale up production as is the case with graphene so if you're a silver stacker and you're waiting for better prices be my guest I can't tell you what to do with your money but I can tell you that when I read the tea leaves I still see opportunity here and 2026 isn't all that


far away and when we get there we could easily see silver above fifty dollars an ounce or as high as sixty dollars an ounce which is my 2026 price Target now on to our viewer question for this video and this one comes from Shannon Phillips and remember if you have a question you can put it in the comments section and it may appear in a future video and this is a recent comment I got to an older video of mine where I talked about copper and you can tell it's an older video because of the funky


thumbnail picture here but Shannon asked and I'm going to paraphrase it a bit if there is a financial collapse wouldn't copper be good to have and that's a great question and it's why I chose it even though it came from a little older video because I have strong arguments and thoughts on this topic many people get confused when framing Metals in terms of money because many different metals have been used throughout time and copper is one of them but what we have to keep in mind and


this is even handed down to us from the Bible is that gold and silver are the oldest forms of money they are God's money and why copper was used even in the time of the Romans was because they needed a base currency for the regular population something that existed in abundance to make the smallest purchases whilst reserving gold and silver for more important transactions but what we also know from the Roman example is the more they used base metals like copper they use it in the form of bronze back then


the more they used it to debase Silver and Gold money the worst things got for them economically because many people even back then didn't recognize its value in the same way they recognized the value of gold and silver and today copper is used almost exclusively in industry and when stacking physical copper in preparation for an economic collapse you have to ask yourself the question who is going to accept the copper and at what value and my answer is very few people would recognize its value because of its


abundance and considering its value both today and throughout history it's a very inefficient way of storing wealth and that's why I stack gold and silver that's it for this video I thank you all for watching as I always say at the end of my videos take care of yourselves and take care of each other I'll see you in the next one goodbye