We could see even bigger moves. We could see a bigger short squeeze. There's still shorts out there in silver holding and hoping that the market comes down, but there could be an overwhelming amount of physical demand for this commodity that is in scarce supply. You know, Trump declared it as strategic metal, silver. We're accumulating silver and I'm expecting at at minimum a 20 to one ratio of silver to gold, but probably 10, which means you can still outperform uh gold by about a factor of seven times. That is huge, especially if gold doubles, triples, quadruples times 7. Silver has moved decisively into new territory, hovering near record levels as a rare alignment of economic signals and physical market stress reshapes the landscape. Prices holding firmly in the mid $60 range per ounce are not simply the result of speculative enthusiasm. They reflect a broader shift in how investors are responding to the global backdrop. As expectations grow that US monetary policy will become less restrictive, confidence in yield-driven assets has begun to soften. This has pushed more capital toward tangible stores of value. In periods like this, silver tends to benefit not only from its monetary characteristics, but also from its growing strategic importance. The macro picture has added powerful momentum to this move. Markets are increasingly pricing in multiple US rate cuts in 2026 after policy makers signal that borrowing costs may need to fall significantly over time. At the same moment, labor data is flashing warning signs with unemployment rising to multi-year highs and economic momentum clearly slowing. Peter Schiff has long emphasized that this combination of weakening growth and policy easing does not eliminate inflationary pressures, but often mass them temporarily. As real returns erode and purchasing power comes under pressure, investors historically rotate toward metals like silver, viewing them as protection rather than speculation. Beyond monetary forces, silver's supply demand dynamics are tightening in ways that are difficult to reverse quickly. Industrial consumption is accelerating as solar energy, electric vehicles, artificial intelligence data centers, and advanced electronics expand at a rapid pace, pushing demand to unprecedented levels. Mine supply, meanwhile, has struggled to respond, leaving global inventories increasingly thin. and the physical market highly sensitive to even small shifts in demand. Against this backdrop, the recent rally appears less like a short-lived surge and more like an adjustment process as the market begins to repric silver for a world where monetary stress and structural scarcity are reinforcing each other. Now, let's take a look at the clips from Peter's interview. >> Closed last week, I think it was 62. Now, we're off the highs, but as I am recording this uh you know, Thursday uh evening here in Puerto Rico, but silver's above $65.50. I mean, we just broke through 50. Now, if you recall from what I was saying on my podcast, I I said that I expected silver to take out 50 because that was the big double top. and that once it did, I thought we would have a quick move up to 100. I didn't think we would hit 100 this year, but I thought we would hit it next year. And we're on track. In fact, it's actually moving up even faster than I thought. Now, I'm not surprised that this is happening. What's actually surprising to me is that it took so long for this to happen. I mean, how long was silver at 30 bucks when gold was 3,000 and higher? In fact, at one point it was not only 100 to one, it was like 108 ounces of silver for an ounce of gold. It was extremely absurd. Now it's back, you know, around 65 or something like that. It's still cheap. It's just not as ridiculously cheap as it was. But what's really been happening is silver is just catching up to gold, right? It's taken a long time, but now it's making up that lost ground quickly because gold hasn't really gone anywhere as silver's been rising, but it hasn't gone down. Gold is around 4,330. The key is it's holding. It's not going down. I think what is happening too is people that were long gold and short silver because that's obviously been a popular trade. That trade is being unwound and so that means that you have to sell your gold and buy back the silver that you shorted. So that's probably keeping a lid on gold but gold's not going down because there is still substantial buying of gold beneath the market. So, we have very strong support now above 4,000 for gold. And we're not going to get anywhere near 50 on silver again. I doubt it. I mean, it's is it possible that we could go back down and retest 50 again? I guess so. But I think the odds are that we're not going to get down there. What's also been a bit surprising, but again, nothing surprises me, is that the mining stocks have gone nowhere this week. They've been steady. Even the silver stocks, even with this explosive move in silver, the silver stocks are not making new highs yet. You know, people are thinking that this is a fluke, right? That oh well, you know, this is just some kind of speculative blowoff and so they're not paying up for these silver stocks. Well, they're going to because this is not a speculative blow up. This is a long overdue catchup. In fact, one of the places where there isn't a bubble, I mean, there's so many bubbles that have been inflated uh by uh the Fed and its, you know, loose monetary policy. The one thing that's not in a bubble is gold and silver. It's not even close. It doesn't even have any of the characteristics that would qualify it uh as as a bubble. Uh a and and so I think that a lot of the money that has kind of been on the sideline this week uh kind of watching in disbelief as silver prices have surged, I think you're going to see a a delayed reaction in those mining stocks. And I think they're going to soar to new highs uh before the end of the year. Uh so I would encourage people uh tomorrow, tomorrow morning, I would be buying more of these stocks or if you don't own them, buy them or get into my gold fund, the Europacific Gold Fund, EPGIX. Of course, if you buy that tomorrow, you get filled at the close, right? But that's still going to be okay because I think the big moves again are going to happen next week. Just like, you know, it started just like I said last week on Sunday night. You know, silver gapped up two $3 on Monday. Had a big move, but you had all weekend to buy it. And I and and again, you got to go to shift gold and buy some gold and silver tomorrow, this weekend. Just don't wait till Sunday night because that's when Asia wakes up and they start buying. You want to buy before they do that, right? And I think with a thin holiday trading next week, uh, we could see even bigger moves. We could see a bigger short squeeze. There's still shorts out there in silver holding and hoping that the market comes down. But there could be an overwhelming amount of physical demand for this commodity that is in scarce supply. You know, Trump declared it as strategic metal, silver, right? I mean, there's a lot of real industrial use. Big buyers need silver. Uh, and there's just not a lot of silver there. That is the problem. Uh, now it's not a problem for me. I own a bunch of silver. I own a bunch of silver mining companies, right? So do my clients now. But it's a problem for the people who have short they've shorted silver that they don't have. And good luck trying to get a hold of it. Subscribe to the channel for more updates.