Ever since silver got above 80, it's never been below 70. Although it's gotten down there. I think the real support zone is 71 to 75ish. So that's probably the best place to buy it. But the problem is I wouldn't wait for 71 or 72. I just buy it at 79 because here is the problem for long-term silver buyers. I'm talking about physical silver. I'm not talking about people who want to trade it on the comx, you know, doesn't really matter. I'm talking about if you want actual
silver delivered to your house like we do at Shift Gold, you just got to buy it now. And that's because I expect the premiums on silver products to soar in 2026. So you've got two things that are going to happen. You got the price of silver is going to go up, but the premium on the products, what you have to pay to actually buy a 1oz coin or, you know, a bar is going to go way up because of the supply uh disruption. Looking back on what happened in the precious metals market in 2025, it was a phenomenal
year. The price of gold was up 64%. That was the biggest annual increase in the gold price since 1979. Now, as good as gold did last year, it was outshined by all the other precious metals. Gold was the slow mover. 2025 is when all the other metals caught up. And it really wasn't until the back half and maybe even the final quarter where that was the case. I mean, silver was on a rocket ride, especially towards the end of the year. In fact, late last year, silver got as high as $8350 60 some odds, not quite up to 84. Now,
it didn't hold those gains into year end. It ended 2025 at about $71.50, 50s, but that was still about 145% higher than where it began the year. So huge move up for silver. But other precious metals, platinum, too, was up about the same amount. I forget the exact percentage. I think it was around 140 150%. I mean, it began the year below a,000 uh even though gold was at 3,000. And of course, you know, it's still cheap relative to gold, but not nearly as cheap as it was. And of course, silver uh was well over 100. I think the
low was 108 or something like that ounces of silver for 1 ounce of gold. So I was pounding the table on these other precious metals earlier in the year knowing that it, you know, they were bound to catch up and we've seen that move. I don't think the move is over. While gold laid the foundation, silver ultimately took center stage. In the latter part of 2025, silver surged into the low to mid $80 range before consolidating near $71 by year end, still finishing the year up roughly 145%. Platinum followed a strikingly similar
path, rising more than 140% after beginning the year below $1,000 an ounce. These moves erased years of relative underperformance and sharply compressed long-standing valuation gaps against gold. The gold to silver ratio, which had stretched beyond 100, narrowed rapidly as silver caught up. For many investors, this marked the long- aaited confirmation that the rally was no longer confined to gold, but had expanded across the entire precious metals complex. Uh but to me the movement now in the rest of the precious
metals complex, this is not just a gold bull market. This is a precious metals bull market. And one of the knocks on the gold bull market. One of the reasons that a lot of people were skeptical and didn't believe it was because the other precious metals weren't participating. You weren't getting the confirmation of the gold rally in silver. Well, now that's not the case. Silver has certainly confirmed, as has platinum, that this is a precious metals bull. This is not just limited to gold. And
precious metals are strong for a reason. This is not random. Uh this is happening for specific reasons. And those reasons are getting stronger in 2026. In fact, 2026 is already off to a stronger start than 2025. Gold closed this week on a positive note, up just over $30 an ounce. We closed at 4,58, so above 4500. Silver didn't quite close above 80, although it traded above 80 again this week. It traded above 8250, but it was up almost $3 on the day, closing just below 80. I think it was 79.84.
But percentage-wise, gold is already up 4.6% this year. This is only the 10th of the month, 10 days into the year. Of course, most of them weren't even trading days because of the holidays and the weekends, but you're up 4.6% already. Silver is up about 12 and a half% so far in 2026. So just picking up where last year left off. Uh the precious metals bull market uh continues. Platinum again up about the same amount I think as silver. Also look at what happened with the mining stocks because
another knock on the gold bull market was the lack of confirmation in the mining stocks because the mining stocks were lagging. >> For years, skeptics dismissed the gold rally because silver and platinum failed to confirm it. That argument collapsed in 2025. Silver's breakout in platinum's resurgence delivered classic inner market confirmation, one of the clearest signals of a true bull cycle. Precious metals are not moving at random. They are responding to powerful structural forces, currency debasement, sovereign
debt stress, geopolitical fragmentation, and a growing demand for tangible assets. As 2026 began, those forces only intensified. Within the first days of the new year, gold surged beyond $4,500. Silver once again tested the $80 level and platinum kept pace. The momentum carried forward seamlessly, reinforcing that this cycle is not only intact but accelerating. They're supposed to be leading. Mining stocks are supposed to be stronger than the metal in a bull market. That wasn't the case. But of
course, that's why I was pounding the table, especially early last year. In fact, I put out a special report, I think in April, the best way to buy gold, and that was buying gold stocks because gold stocks had barely gone up on the year, even though gold was above $3,000 an ounce. Well, the GDX, which is a gold stock index, finished the year up 153%. and the GDXJ, which has some uh midcaps, more midcaps, it's called juniors, but they're not really juniors. They're just a little bit smaller than the GDX. That
index was up 166% uh last year and off to a strong start again this year. The GDX is up 8% so far in 2026. and the GDXJ not that much farther behind up about 7.2% so far on the year but these stocks are now outperforming the metal itself which means now everything looks like a bull market. You can't say well you're not seeing a confirmation in silver because we are. Oh, we're not seeing it confirmed by the mining stocks. what we have. And in fact, one thing about the mining stocks is that even though
they've outperformed the metal, they didn't outperform it nearly enough given how much gold and silver prices have risen and how great an impact that's going to have on earnings of these mining companies. Um, stocks are still very cheap and that's still to me a a positive contrarian indicator in that the investing public still doesn't appreciate how cheap these gold mining stocks are and silver mining stocks are. They still don't get the significance of the bull market. They're
still distracted, you know, by the tech bubble or the crypto bubble and they're not really paying attention to this opportunity. Hit the subscribe button and stay updated.
0 Comments
Post a Comment