when markets go from excess they quite often one way or the other they go excess the other way in the process of getting to the new reality I think that's where shoulder is right now and so the people who are constantly saying sell it take profits it's going to go back to 50 it's got to go back to this old high here or there or whatever and then you know like you know a week or so ago we dropped 15% in sober in like two and a half days and a couple days later you're back to the high what are they


thinking don't they realize that This is not a normal advance. You don't get these multi-month corrections anymore. Now they're measured in days and frankly we expect to see silver uh reach I'm my minimum is like 200 but I wouldn't be shocked but if it approached 500 tell you the truth and there's certain other factors in play in that regard too that could we could talk about if you want to. [music] Silver is no longer behaving like a conventional bull market and that is


exactly the signal many investors are overlooking. When markets unwind from one extreme, they often overshoot in the opposite direction and silver now appears to be entering that acceleration phase. Recent sell-offs have been sharp but short-lived, lasting days rather than months and have reversed quickly. This kind of price behavior suggests that underlying demand is overwhelming efforts to suppress the market, pointing to a structural shift rather than a temporary rally. Michael Oliver, a longtime momentum and technical analyst,


has emphasized that this move does not resemble a typical advance. In his view, expecting silver to simply revisit old highs misunderstands how momentumdriven cycles actually unfold. Oliver has outlined a minimum target near $200 while also stating openly that a move toward $500 would not be surprising if current dynamics persist and financial system stress continues to intensify. With that perspective in mind, we now turn to clips from Michael Oliver's interview. >> What's going on in silver now is not


normal, and don't expect it to be normal. Most technical analysts when they analyze any given [clears throat] market, they they look back through the last couple years in that market and they see norms like, oh, excessive overbought, oversold, uh, swing objectives, things like that. And they're still living in that world with silver. And I think they're making a big mistake. Silver as a money. Remember, don't forget it's money. It's not just silver is like surfing on a wave, but


it's really on two waves. The one that's the big one is the monetary aspect of silver and gold. That's the major differentiating asset value underlying those those metals. But silver also has the industrial aspect which is exploding because you know we know demand for silver in a couple high-tech categories and all the data centers and computers and solar panels and so forth and so on. It's it's in demand that is outpacing supply and has been for five years now and it it continues to increase meaning


the the deficit increases. So it's got a real problem in that regard. So that's the other wave that most people are focused on that oh the silver demand because of this that and the other. They're forgetting its money and it's very undervalued to its mama metal gold historically. Uh, and this is one of the trigger levels that caused silver to do what it just did in the last 8 weeks. I'll explain it to you. Silver esb and flows versus gold. It goes up in value, down in value, and you can plot it on a


chart. And we do it a little differently. We don't do the ratio. We do it. We divide an ounce of silver into an ounce of gold, and we get a percent. And if you go back over 50 years like to 75 and plot what was the best reading that silver had that year monthly close versus gold what was the peak relative performance reading and we plot it. Okay. Well back in the 79 to 80 bull market in silver which was still within that range the half century range of four bucks to 50 four bucks to 50. uh that surge in 79 and 80 which in the


last five months of that ongoing bull market already for silver and gold silver went up 4 and a half fold in five months reaching 50 bucks for the first time 1980. Okay. What caused that already existing bull trend in silver to go ape on the upside and do it bam like that totally changed the nature of the reality that was under expected. Okay. And then in 2010 and 11, silver had already been going up for years again along with gold, but you know, layered type go, you know, advance, frustrating for the bulls, but still up up. And then


suddenly in September of 2010 through April of 2011, so it's six, seven months, silver doubled in a half in price. September 2010, it was like in the 20s, suddenly went to 50 again, you know, and it did it for years of advance. Suddenly, in the last couple quarters, it went crazy again, stopping at the top of the old what is now a 50-year range. Was a 50-year range. What caused that explosion? Why didn't it just go up to those highs in the same manner that had been going up already? Why did it go crazy? When you plot the


spread of silver versus gold during those times, you'll see that there was like a ceiling. I'm talking technically now. on that spread chart every month you plot the difference B and there was like a a shallow ceiling that prevailed during that bull market of silver and gold where silver just couldn't get above a certain level in relation to gold and suddenly it popped above it and that would have been in like the summer of 2000 uh 1979 and when it did that's when the price of silver went berserk


quadrupled in a half in 5 months and then in 2010 it was September of 2010 already going up in price silver was in the 20s. And that spread also broke out over a ceiling that any idiot drawn a chart could see if you plot the spread chart the way we do. And boom, in 7 months it doubled in half. Same thing happened this time except even more clear on the spread chart. Even a wider base spanning 10 years of ceiling of silver to gold. Silver to gold. Couldn't get above that that ratio that that


percentv. And the November close broke out above it. Bam, suddenly silver goes crazy. That span of time we find in a lot of other markets in those rare periods when a market has been stuck in a range for multiple years, decades. Copper did this for example. It had been in a range from 50 cents to $1.50 in the 1970s, 1980s, 1990s into the year 2005. And in the latter part of 2005, it it broke out above that range and in a matter of a couple quarters went to $4.50, buck 50 to450 on its own. It wasn't associated with, for example,


other based metals. It did it on its own. Wasn't even associated with what gold and silver were doing then. A year and a half later, lead did the same thing. You could plot a lead chart going back multiple decades and it was in its old reality. And when it broke through that in a several quarters, boom, it quadrupled in half in price. All compressed within a couple quarters. Again, on its own, wasn't associated with the copper move even. So, we've seen these events occur in other markets


where an old price reality which has existed so long you can't believe it. You're bored by it. You think it's the real reality to live forever. It doesn't. And when the market moves into a new reality, sometimes it does it in an in an exaggerated manner, in a speedy manner. We know this in other markets, like you know, we see bubble tops in the stock market and we've a lot of people look back on them and say, "Gee, I should have known that." And sure enough, the collapse that followed was


pretty dramatic. Dopped to the dot the 2002 low. NASDAQ 100 dropped 82% in two years, fully wiping out the entire.com bubble. Okay. 2007 to9 similar type process. But the point is that when a market has done something in error, either excessive on the upside or excessive on the downside, in this case for silver, caught in a 50-year range, when you can look at every other market in the world, copper, lead, gold, they weren't caught in that 50-year range. Hit the subscribe button and stay updated.