this move that we have had is not because somebody or some group is interested in a trade even as an investment it is something so much bigger because it overpowered the paper Market which was always slanted against the Buller side of gold they they've been destroyed you're watching silver News Daily subscribe for more could silver prices really Skyrocket to $800 soon it sounds unbelievable but current market Dynamics and historical Trends suggest it might just be possible stay tuned as we dive into why silver is on a

historic path what factors are driving this potential Surge and how you could benefit from this unprecedented opportunity you won't want to miss the critical insights and expert predictions that point to a silver market explosion there's still a lot of people that don't believe it but I'm just saying it again you cannot have these Metals at these prices that have such gains even though you can argue some cost per will come up for Mining and what it is there's so much more profit opportunity now and all

and that people will still go where they think they can make profits that's why just today I recorded an announcement this morning Elijah that basically said it still is I'm constructive on medals and I still think they're going higher I think the share part is going to outperform them now because there's so many undervalued situations now and we're seeing it we've already seen the majors begin a fail active m&a most recently people have heard about BHP and Anglo American we're seeing second tier

ones merging and we're seeing some of the Juniors merge and also the key to the Junior market we're seeing interest in financings again they're being bumped up when from their original amount without warrants which is always a good sign so I I I think that doc days is behind us I certainly uh now feel that you know the shares are going to percentage wise outperform the medals and uh I I like I said I think it'll be across the board you know let's not forget that just a couple months ago the

world's largest gold mining company Newmont broke 30 and I remember speaking on on it's called X now I gotta remind myself to call it X Twitter and saying under 30 is crazy this thing was 855 it's the world's largest gold market gold still 2100 or whatever it was at the time you got to own it people I don't know there's something wrong it's 45 so it's up 50% and uh you know it's pretty good so I overall to answer your question is uh I would actually outweigh myself no

disrespect to your work now uh in mining shares than the actual bullion itself but one thing I want to say whether again talking to a bullion deal or not you always need to have some bullion in your portfolio as insurance because I always say this you've heard me say it allow me to say it one more time when the clients potential clients come into our Planning Group and I ask them if they own bullion and 98 or 99 say no we don't I say I want you to buy some and hope it doesn't go up and they all say

the same thing it kind of look first and then they go Mr Gran I have to ask why do you want me to buy something that you think is not going to go up and I always answer because if it goes up a lot what you own a lot of has gone down and still most Americans both in can Canadians and us from that I see are way overweighted in financial assets and they need to get it silver prices have been experiencing significant fluctuations recently capturing the attention of investors and analysts alike as of the latest data

silver is trading around $31.40 per ounce having faced both upward momentum and downward pressure due to various Market forces one of the critical indicators to watch is the potential formation of a double top pattern which could signal a bearish reversal if confirmed for this pattern to validate silver would need to drop below key support levels such as the psychological barrier at $31 and the May 24 high at $361 before ultimately breaking below $30 however if silver manages to reclaim and sustain above the $32 mark it could

pave the way for a retest of the year-to-date P of $ 3251 setting the stage for further bullish movement recent Market Behavior suggests a cautious optimism among Traders despite a modest drop of 0.32% recently the overall trend has shown resilience with Buyers stepping in to support prices around crucial levels this indicates that while short-term volatility is expected the underlying bullish sentiment remains intact in addition to technical analysis macroeconomic factors are also playing a significant role the recent rise in US

treasury bond yields has exerted downward pressure on precious metals including silver yet geopolitical tensions and economic uncertainties continue to drive safe haven demand providing a counterbalance to these pressures investors should keep a close eye on upcoming economic reports such as the US core personal consumption expenditures pce price index which is a critical measure of inflation a higher than expected reading could further influence the Federal Reserve stance on interest rates impacting non-yielding

assets like silver overall the silver market is at a pivotal Point while short-term price movements may seem erratic the long-term Outlook suggests a potential for significant gains as we delve deeper into the factors driving this Market the possibility of silver reaching unprecedented Heights becomes more conceivable stay tuned as we explore the historical context industrial demand economic influences and much more that could propul silver prices to new records and don't forget to subscribe to our channel for more

in-depth analysis and updates on the silver market if you remember when we had some sharp down days you would bring up the fact people would just calling up to buy they W calling to sell you would think if the gold is going down $50 $60 which is going to have which is not a lot now in these days you know 100 more would be more equal to one of those paper down days now but the physical demand has always been there it wasn't a paper-driven market like gold has been in the past and so I think there's

there's been a few reasons and we we rehash a couple of ones and maybe one or two new ones the one that was the biggest that since you and I started talking is that I'm the big big proponent on the Brick Nations and what they're going to lead to I'm not rooting for them I'm not somebody that wants to see this happen but I'm ideal in a world of reality although Wall Street is full of a lot of people that live in fantasies but we'll save that for another day but the bottom line is this

movement is real it's growing and I keep saying to people you have to understand these countries are coming together because they want to disc discover the United States not even compete with it they just want nothing to do with it they want in a sense be able to operate and live off of everything that they can trade among themselves and the growth of that is going to eventually need some sort of exchange outside of the dollar or even their own currencies and I have stated that part of this reason is an

accumulation led by China that there's going to be some sort of gold used in some sort of whether it's digital tied physically against a new currency that's printed or what have you that's why I still believe this has a ways to go I don't think we're going to see the same type of percentage gains and I don't think it's going to go up as fast as it to understand the potential for silver to reach $800 it's crucial to examine its historical context and relationship

with gold often measured by the gold silver ratio this ratio compares the price of 1 oz of gold to 1 o of silver and has been a reliable indicator of Market sentiment and relative value between the two precious metals historically the gold silver ratio remained relatively stable around 15 to1 from the late 1600s through the late 1800s this means that 1 o of gold was worth approximately 15 ounces of silver however significant ships began in the 20th century the price of gold soared due to its Safe Haven appeal and

monetary use leaving silver behind primarily value for its Industrial applic ations over the last 120 years the gold silver ratio has fluctuated dramatically ranging from 18 to over 100 for instance during economic crisis and periods of high inflation the ratio tends to spike as investors flock to Gold perceive as a more stable store of value conversely during times of industrial growth and technological advancement silver gains ground due to its widespread use of electronics solar panels and other industrial applications

the 2008 financial crisis and the covid-19 pandemic are prime examples of such fluctuations during the pandemic the ratio spiked from 65 to nearly 95 within months reflecting a surge in gold prices while silver lagged this volatility underscores the complex interplay between these medals and their respective markets today the gold silver ratio hovers around 80 indicating that silver is relatively undervalued compared to Gold historically such a high ratio has often preceded significant price adjustments where

silver catches up to Gold's gains this historical context sets the stage for a potential silver rally as Market Corrections and economic conditions could favor a shift towards a lower ratio boosting silver prices moreover the industrial boom and technological advancements in renewable energy particularly solar power have increased Silver's industrial demand this demand coupled with a historical trend of ratio correction suggests that silver has substantial upside potential that historical relationship between gold and

silver provides critical insights into their future movements if the gold silver ratio Trends towards historical Norms silver could see dramatic price increases potentially even reaching the $800 Mark as we continue our exploration we'll delve into the industrial demand and other economic factors that further support this bullish outlook for silver at least as Russia and China looks at it and the US is uh person out I I I don't want to get into this it's always been and there's a few people that will spend

all day on it talking about does the United States still have all the gold that it's had and so forth and so on whether it does or doesn't American citizens don't look at gold the same as we're seeing right now in China listen one of the big things that's also driving China's accumulation is retail investors retail investors who might have otherwise have been counted on their savings or real estate in China have just overrun the physical demand that's why there's such a premium uh over there

versus here and uh obviously they're not there for a trade either this is this is second nature to them Americans are steel paper you know let's take a flyer the markets can never fail the FED just steps in and we all live happily ever after but I think the people that are accumulating the gold not only see the world problems but they see more and more problems in the US I mean it's getting kind of listen I don't normally get involved in politics but I think this warrants it because of what the

topic we're talking about if I'm sitting somewhere outside the United States and I'm watching this president now who's getting to the point where every sentence or two he says is misguided misquoted doesn't know where he's walking doesn't know where he's talking and then when I look what's in the bullpen meaning who would replace him right now if something happened I think I would want to own some gold too I mean it's really really concerning and that's

not because I'm a trumpster everybody thinks as soon as you say that it's because you want to see Trump win I'm just looking at what we have to deal with and I think quietly behind the scenes especially how now how we saw we double-faced ourself with Israel that if you're a so-called Ally of the United States you have to ask yourself are we next are we the next to be thrown under the bus how we left Afghanistan how we said one way one day about Israel the next day we're saying this and all it's

very very I think the G this is the best way to put it up until a couple years ago the financial service industry in the United States especially those without the gray hair or no hair paid little regard to geopolitics they didn't think it had or will have any impact on the financial Arena that is clearly not the case and it's going to play more of a more of an impact on us and again I'll just point out to the fact that more and more countries around the world are looking to move away from the United

States and the US dollar and everything that we say and do is not a bullish factor for us markets if you're someone that still invests for years and not hours days and weeks one of the most compelling factors driving Silver's potential price surge is its extensive industrial demand unlike gold which is primarily used for investment in jewelry silver has a wide array of industrial applications that significantly influence its market dynamics understanding these applications is key to appreciating why

silver could see its price Skyrocket to $800 key industrial applications Electronics Silver's exceptional electrical conductivity makes it indispensable in the electronics Industry it is used in a variety of electronic devices from smartphones and tablets to circuit boards and connectors as the world becomes increasingly digital the demand for these devices and consequently for silver is continuously Rising solar panels one of the most significant drivers of silver demand in recent years has been its use in

photovoltaic PV cells for solar panels Silver's High conductivity and reflectivity enhan the efficiency of solar cells making it a critical component in the production of solar energy with global initiatives pushing for greener Energy Solutions the demand for solar panels is expected to grow EXP exponentially thereby boosting silver consumption automotive industry the automotive industry particularly the electric vehicle EV sector relies heavily on Silver it is used in various components including electrical systems

battery connections and vehical infotainment systems as EV adoption accelerates globally the automotive industry's demand for silver is poised to increase significantly 5G infrastructure the roll out of 5G technology represents another major demand driver for for silver the metal is used in the production of 5G infrastructure such as antennas and semiconductors which are essential for the new Network's implementation as 5G networks expand the demand for silver in this sector is expected to Surge medical

applications silver has well-documented antibacterial properties making it valuable in medical applications it is used in wound dressings medical devices and even encodings for Hospital surfaces to prevent infections the ongoing advancements in medical technology continue to find new uses for silver thereby driving demand impact of industrial Demand on silver prices the interplay between industrial demand and silver prices is profound during periods of technological advancement and economic growth the industrial demand

for silver can lead to significant price increases for example during the tech boom of the early 2000s and the Green Technology surge in recent years silver prices saw substantial upticks moreover the covid-19 pandemic highlighted the importance of silver in medical applications and its role in new technologies as economies recover and continue to invest in technological infrastructure the industrial demand for silver is likely to remain robust Supply constraints adding to the bullish case for silver is the issue of Supply

constraints the silver market has faced production challenges with several major Minds experiencing output reductions to to various factors including environmental regulations and labor shortages the combination of rising industrial demand and constrained Supply creates a favorable environment for significant price increases in conclusion Silver's extensive industrial applications and the growing demand across multiple high-tech sectors underscore its potential for a dramatic price increase as we continue our

exploration we'll examine the economic and geopolitical factors that further support the argument for a historic silver price surge to see something that at the end of 2021 I took a most unusual stance for anybody that works in the general financial service industry which I still do I said that I really thought go was such a capital gains opportunity that it would outperform stocks and bonds and by the end of 2021 that you should be out of stocks and bonds and on gold and elah I don't think two t of

one% people did that okay uh and it's a little bit of a pat on the back but Golds triple the return that the stock market made and much much more because bonds have actually lost like 20 20 something per since then and uh as I've always spoken to you and and respecting what you do for a living and all my primary concern about goal first was as a capital gains and then secondary as something as an alternative to paper currencies which obviously I feel are all going to have problems in a world that's a washed in a debt spiral

and for both those reasons 2536 was my target from almost half of that price I believe it's almost you know you don't want to say certainty but it's fairly certain that even if there is a little correction before we get there that number is not astronomical anymore to people in fact it's become very common and and interesting enough Elijah outside of the bullan industry not just people that are involved in it people that talk about mining stocks but I'm actually seeing nonnormally Metals

oriented people talking about it because they they came to this conclusion and let me just run on here a little because I think it's probably the importance of the day this move that we have had is not because somebody or some group is interested in a trade even as an investment it is something so much bigger because it overpowered the paper Market which was always slanted against the bullish side of gold they they've been destroyed I if they if they stayed in they've been destroyed and where

that's most pronounced and I don't think people and again I'm going to do a little self- pad on my back again but a couple months ago I said that when Coppa was just on the four it became my favorite medal you remember more than even gold copper moved 25% in less than two months that's like gold moving $600 and the Dow Jones Industrial Average going up 10,000 points and the reason I say that partly the globe but also the point that when you have moves like this there's something Beyond

normal taking place something dramatic and that's probably what you know we could discuss a little bit more what some of the possibilities are economic and geopolitical factors play a significant role in influencing silver prices understanding these influences is crucial in appreciating why silver might be on the brink of a historic price surged at $800 one of the primary economic factors affecting silver prices is inflation as inflation Rises the value of Fiat currencies typically declines leading

investors to seek refuge in tangible assets like silver historically during periods of high inflation precious metals have served as effective Hedges the current economic environment marked by persistent inflationary pressures suggests a favorable scenario for silver as a store of value the federal reserve's monetary policy particularly it stance on interest rates significantly impact silver prices higher interest rates generally lead to a stronger dollar which can suppress silver prices conversely lower interest

rates tend to weaken the dollar and increase the appeal of non-yielding assets like silver the fed's recent indications of maintaining higher interest rates to combat inflation have created a complex backdrop but ongoing economic uncertainties might still favor silver investment economic growth drives industrial demand for silver especially in sectors like Electronics renewable energy and Automotive AS Global economies recover from the pandemic and continue to invest in infrastructure and Technology the demand for silver in

these industrial applications is expected to rise supporting higher prices geopolitical tensions such as conflicts in the Middle East tensions with China and the ongoing war in Ukraine create uncertainty in global markets during such times investors flock to Safe Haven assets like silver to protect their wealth recent escalations in geopolitical conflict have contributed to increased volatility in financial markets driving up the demand for silver trade policies and tariffs can also influence silver prices

for instance tariffs on imported metals or trade disputes between major economies can disrupt Supply chains and affect the availability and cost of silver the ongoing trade tensions between the US and China as well as other International Trade disputes can impact silver markets by creating Supply uncertainties and affecting industrial demand global economic policies including fiscal stimulus measures and infrastructure spending can have a direct impact on Silver demand policies aimed at promoting green energy such as

investments in solar power and electric vehicles boost industrial demand for silver governments worldwide are increasingly committing to renewable energy initiatives which is expected to drive significant demand for silver in the coming years during the 2008 financial crisis silver prices surged as investors sought Safe Haven assets amidst the economic turmoil the crisis underscored Silver's role as a protective investment during periods of economic instability the covid-19 pandemic further highlighted

Silver's dual role as an industrial and investment asset the initial economic shock led to a surge in Safe Haven demand for silver while the subsequent recovery and focus on green technologies boosted industrial demand recent geopolitical events such as the Russian invasion of Ukraine have increased Market volatility and driven up demand for Safe Haven assets like silver the ongoing uncertainty and potential for further geopolitical disruptions continue to support higher silver prices in summary the interplay between

economic and geopolitical factors creates a dynamic environment that can significantly influence silver prices rising inflation economic growth geopolitical tensions and supportive Global policies all contribute to a bullish outlook for silver as we delve deeper into the specific market dynamics the case for silver reaching $800 becomes even more compelling as but this is only involving in with us now the other thing that's transpiring and it has to do more with some of the more base Metals is that there's a real

shortage of metals in the world we basically had 12year bare Market in the mining and expiration business it peaked in 2011 it had a little bit of pop in 2016 and 2020 but basically we've not seen large scale expiration done in the world for variety of metals yet the don't worry the happy crowd that lives on Wall Street and the financial media attached to their hips tell us all about these great things that are still coming electric vehicles electrification AI well first of all all of that needs

electricity we are going to have problems again this summer to meet our current electrical needs with brown outs and blackouts and I like the joke Elijah but I'm not too far away if you talk to people in the industry some of the equipment is so old I joke that Thomas Edison installed it so a there's still going to be a big need for these Metals even though the prices have moved uh quite a bit but the gold is a separate identity it's it it's for 2,000 plus years it's been used it served its

purpose that's why when getting all the battles with the crypto nuts and all that kind of stuff and they still may have their day and it still may be something that they sharing but to think that that thing was going to take over and go is going to disappear and all it's proven yet again that when things get Troublesome and things work out they're not working out gold still performs well and I think you minimally have to whether I was speaking to a bullan dealer or a bond dealer I would say the same thing I've

always said you have to own gold just like you have insurance people have car insurance they have home insurance they're not looking for their car to be stolen they're not looking for their home to have a fire or something bad but they want something to offset it there and there's clearly underlined clearly a variety of reasons that you and I can talk to midnight and not cover nearly all of them why you need to be concerned about fundamental things that are happening here in abroad Silver's

potential to reach $800 is bolstered by the current Supply demand Dynamics particularly the ongoing supply shortages the silver market has faced significant production challenges creating a structural deficit that is influenced in prices the silver institute's recent report highlights a decrease in total silver Supply due to production losses at Major mines for instance the penis quo mine one of the largest silver producers has experienced notable output reductions this decline in production has been exacerbated by

environmental regulations and labor shortages further tightening the supply on the demand side industrial demand for silver continues to Surge reaching all-time highs the growing KN for silver in photovoltaic solar cells driven by the global push for renewable energy has been a significant factor despite slight dips in jewelry and silverware demand the booming industrial sector has more than compensated pushing overall demand higher Global Supply remains roughly 1 billion ounces annually while physical

silver demand exceeds Supply by approximately 20% per year this consistent shortfall has resulted in a market deficit for three consecutive years in 2023 for instance Global silver demand reached a record high of 6554.qc silver recycling grew by only 1% to 178.6 million ounces accounting for 18% of total Supply but this marginal increase was not enough to offset the decline in mine production investor demand for silver has also played a crucial role after accounting for non-investment Demand only about 123

million ounces were left for silver investors in a world where trillions circulate in investment markets this limited pool valued at less than $3 billion raises eyebrows the reality is that the available silver for investors is a fraction of the total silver produced creating a tight Market the ongoing supply shortages and Rising demand suggest that the silver market is poised for significant price increases the Dynamics of supply and demand will inevitably drive prices higher especially as industrial and investment

demand continue to grow the structural deficit in the silver market underscores the potential for a dramatic price surge supporting the case for silver reaching $800 as we move forward we'll explore for the market sentiment and investor behavior that further contribute to Silver's bullish Outlook the interplay of these factors continues to paint a compelling picture of sil's future making it a potentially lucrative investment opportunity look at a crystal ball long enough all we do is come an

expert of how to eat a lot of broken glass so I stopped making pronostics when I not only lost Millions once but twice over a 40 years span I will say this with with with a great idea of confidence obviously I bet this I don't think we're in the fifth to sixth inning maybe we're halfway through this medals move I don't know what numbers let me put it you this way if you told me Pete I got in a time machine and I went a year from now or even 18 months from now goal's 5,000 or it's four to 5,000 I

will tell you whatever concerns we have politically and socially got 10 times worse because that would be one of the main main driving Factor for that what I will just say to you what I said earlier I think the risk reward now is becoming more balanced it was all reward that's why we're so aggressive in them but like I said the next 20% still looks up not down and uh I I would think silver U for for numbers 3540 I I I'll feel good when gold hits listen it's 10 years and and people ask

in the last couple weeks how did you come up with 2536 if you remember PS when we first met I brought it up but before that go had formed over 10 years what's called a cou and handle technical formation the cup was already done and the handle was being formed and from a technical standpoint if you take the figuration of how long it was the percentage and multiply it eight out of 10 times cup and handles break out to the upside not to the downside obviously this was one of the times it did the number it came

to was 2536 that's where that number comes from when I quote it whether we get the 2535 and I go dawn it I'm not going to be too concerned about that because I can tell you just a few years ago when go was breaking back to 1600 go check the media reports back then 1,200 it's a th000 it's over you know it you were at you were in the business at that time and in just a few years time it's up 50% investor sentiment and behavior play a crucial role in determining silver prices and recent

Trends indicate a growing bullish sentiment toward this precious metal understanding how investors are reacting to current market conditions Can Shed light on why silver could be on the path to $800 over the past few years there has been a noticeable shift in how both institutional and Retail investors perceive silver traditionally gold has been the goated asset for those seeking a safe haven but Silver's dual role is both an industrial and precious metal has attracted increasing attention the

market turbulence caused by the covid-19 pandemic accelerated this trend as investors sought to diversify their portfolios and hedge against economic uncertainties institutional investors in particular have significantly increased their exposure to Silver large-scale buying by exchang traded funds ETS has been a major driver of silver demand these aips purchase physical silver to back their shares effectively removing large quantities of silver from the market this buying spree has tightened Supply even further contributing to

price increases retail investors have also shown a growing interest in silver spurred by social media campaigns and a collective awareness of Silver's potential the silver squeeze movement inspired by retail investors on platforms like Reddit aimed to drive up silver prices by encouraging Mass purchases of physical silver and silver backed assets this Grassroots effort highlighted the power of coordinated retail investor action and brought silver into the spotlight Market sentiment surveys and investor reports

reflect a growing optimism about Silver's future many investors view silver as undervalued compared to Gold considering the historical gold silver ratio with the ratio currently hovering around 80 to1 there is a strong belief that silver has substantial room to grow and could narrow this Gap additionally the speculative nature of silver trading has attracted investors looking for high returns silver prices tend to move more rapidly than gold due to its lower price and higher volatility this

characteristic makes silver an attractive asset for speculative traders who thrive on Market swings however it's not just speculative interest driving the market long-term investors are also recognizing Silver's potential as a hedge against inflation and economic instability the ongoing fiscal stimulus measures and increasing debt levels in major economies have raised concerns about future inflation silver with its historical performance as a hedge is becoming an essential part of Diversified investment strategies

investors are also paying close attention to Silver's industrial applications which offer a compelling growth Story the demand for silver and Technology renewable energy and medical applications provides a strong foundation for long-term price appreciation as these industries expand Silver's industrial demand will continue to rise supporting higher prices overall the growing bullish sentiment and increasing investor interest in silver are crucial factors supporting the case for a dramatic price surge as more

investors recognize Silver's potential and allocate a portion of their portfolios to this precious metal the upward pressure on prices is likely to continue this positive sentiment combined with the other factors we've discussed paints a compelling picture of Silver's future and its potential to reach $800 basically about the same but what has continued is less and less usage worldwide as the reserve currency continues and you know this this thing about uh dollarization and the the talk about it is it's

happening every day it's not just fly by night and the we we know that the bricks are again meeting this fall there's more and more talk that there's be a lot more involvement of countries and I think we're going to learn some more about how they plan on doing all this whether it's everything that's going to come out probably not but all these things play into a role of why the physical market and and that's another important point we talked about at the onset and let's

not lose sight of it it's not a coincidence that when the paper Market moved out of London and New York as the only places and dominated uh the value put on gold each day and moved to the east especially Shanghai that has also led to less raids or whatever people want to term it all and in the last couple weeks because you watch it closely like I do intraday we saw moves where would suddenly fall 20 or $30 and in the old days Not only would that go but it would go lower and it would take days or weeks

to rebound it rebounded in a few minutes if I'm one of those shorters if they still exist out there and if they're still able to breathe because they've been crushed that they stayed in this I'm thinking maybe the time has passed it may be something for me to look some other place because I don't think they have the influence that they have anymore and that is another key factor because you and I knew for a lot of years you've been in the business your family miles Franklin been around a long

time we saw when paper markers were getting crushed people were just can I get more gold it didn't match what was happening and that was an important part to take out because that's been a fear of some people ah I don't want to get cuz they always come and Hammer it and there's still going to be people saying that technical analysis plays a vital role in predicting potential price movements in financial markets and silver is no exception by examining Silver's recent price patterns and key

technical indicators we can gain insights into its potential path towards $800 one of the most discussed patterns in the current silver market is the double toop formation which typically signals a potential bearish reversal this pattern is formed when prices reach a high retreat and then rise again to a similar level before falling back once more for silver this pattern would need to see a break below key support levels to confirm a bearish trend The crucial levels to watch include the psychological barrier at $31 the May 24

high at $30 and $61 and ultimately the $30 Mark if silver prices fall below these levels it could validate the double top pattern indicating a potential decline however the bullish case remains strong if silver can reclaim and sustain above the $32 level such a move would pave the way for a retest of the year-to-date high of $325 breaking through this resistance could trigger further buying interest propelling silver towards higher levels this scenario would invalidate the double top pattern and support the

bullish Outlook momentum indicators like the relative strength index RSI provide additional insights into Silver's price Dynamics currently the RSI is hovering near overbought conditions suggesting that the market has strong upward momentum but might need a period of consolidation before continuing higher if the RSI remains elevated but stable it indicates sustained buying interest and supports the case for a continued rally another important technical factor to consider is the moving averages

Silver's price relative to its 50-day and 200 day moving averages can offer clues about the overall trend currently silver is trading above both its 50-day and 200-day moving averages which is a bullish sign when the shorter term moving average crosses above the longer term moving average known as a golden cross it typically signals a strong bullish Trend if this pattern holds it could provide further impetus for silver prices to climb volume analysis also sheds light on Market sentiment increased trading volume on up dayss

suggests strong buying interest which is necessary for sustaining a rally observing volume spikes during price increases can confirm the strength of bullish moves recently higher volumes have accompanied Silver's upward price movements indicating robust demand and supporting the bullish scenario Fibonacci retracement levels are another useful tool in technical analysis these levels derived from Key price points help identify potential support and resistance areas for silver the key Fibonacci retracement levels to watch

include the 38.2% 50% and 61.8% levels of its recent price movements these levels often act as significant barriers or support zones where price corrections may occur before resuming the prevailing Trend additionally trend lines drawn from historical price data can provide insights into potential support and resistance areas silver has been trading within an upward channel for some time with higher highs and higher lows defining its path as long as silver remains within this channel the overall

trend is considered bullish a breakout above the upper trend line of this channel could signal an acceleration of the bullish Trend pushing prices towards new pies in conclusion technical analysis of silver suggests a promising Outlook key indicators and patterns support the potential for significant price movements if silver can maintain its current momentum break through resistance levels and invalidate bearish patterns it could pave the way for a historic rally towards $800 as we continue our exploration

we'll deal into how Silver's potential compares to other precious metals and why it might outperform them in the near future okay and now you have to ask yourself who's going to end up being the smarter person the person in China or the retail person here that's the that answer is yet to be seen but I would tell you that with all the things that you and I discuss and other things we can the more likelihood is the next, move in gold and I'm not saying it's going to 3500 but I think gold had more

of a chance of being 3500 then it does happen being, 1500 again and so if people are selling and don't get me wrong I have people that bought gold as low as 12 or, 1300 and when it got to 2400 and all I said listen there's nothing wrong with five up to 25% the good news for them is it was Hey listen take it and put it in Copper and some that did it they're retiring now of course I didn't do it I don't follow my own advice but people that did did very very well so it's okay you know I know

that people saying well this this is very suspicious why aren't the gold funds and all well listen that's all part of how people Miss major bowl markets and eventually cave in at the end quite frankly because it's been this way Elijah I would start to get nervous if you were telling me here Pete in the last two weeks did not I can't even wake up they're outside knocking on the door wanting to get some we'd be closer to the end of the move so I'm not concerned about us or North

American based I'd be very concerned if we start to see a significant drop off out of Asia and China for physical comparing Silver's potential price movement to that of other precious metals particularly gold highlights why silver might outperform in in the near future understanding the Dynamics between these Metals provides valuable insights into the unique opportunities that silver presents historically gold has been the more stable and expensive precious metal often serving as a benchmark for silver the gold silver

ratio which measures the price of 1 o of gold relative to 1 o of silver has been a critical indicator in understanding their relationship over the past Century this ratio has fluctuated widely reflecting the varying demand and Supply Dynamics for each metal currently the gold silver ratio stands at around 80 to1 suggesting that silver is undervalue compared to Gold this High ratio indicates that silver has substantial room to appreciate relative to Gold historically such disparities have often preceded significant upward adjustments

in silver prices for instance during periods of economic recovery or technological advancement silver has outperformed gold due to its dual role is both an industrial and precious metal one of the key reasons why silver might outperform gold in the near term is its extensive industrial demand unlike gold which is primarily used for investment in jewelry silver is a critical component in various high growth industries the ongoing expansion of renewable energy particularly solar power significantly boosts silver demand

Silver's Superior conductivity makes it indispensable in photofil take cells used in solar panels positioning it as a vital material in the global push for greener Energy Solutions additionally the growing adoption of electric vehicles EV is and the roll out of 5G technology are major drivers of silver demand the automotive industry relies on Silver for various components including battery connections and electrical systems as the global transition to EVS accelerates the demand for silver is expected to rise

correspondingly similarly 5G infrastructure requires significant amounts of silver for antennas and semiconductors further supporting its industrial demand gold while benefiting from its Safe Haven status and monetary uses does not have the same level of industrial applications this distinction gives silver a unique advantage in times of technological advancement and Industrial growth as these sectors continue to expand Silver's industrial demand is likely to outpace that of gold driving its prices higher moreover

Silver's price volatility often attracts speculative interest which can lead to Rapid price movements silver prices tend to be more volatile than gold due to its lower market capitalization and higher sensitivity to Industrial demand changes this follow ility can result in significant gains during bullish market conditions making silver an attractive asset for Traders seeking High returns in recent years there has also been a surge in investor interest in silver driven by its perceived undervaluation

and potential for high Returns the rise of silver focused exchange traded funds ETFs and the increased participation of retail investors have contributed to the upward pressure on silver prices the silver squeeze movement exemplified this trend where coordinated buying by retail invest vors highlighted Silver's potential for Rapid appreciation comparing silver to other precious metals like platinum and Palladium further underscores its unique position while platinum and Palladium have specific industrial uses particularly in

the automotive sector for catalytic converters their demand is not as broadly Diversified as silver Silver's extensive applications across various Industries give it a more robust demand profile supporting its long-term price potential in conclusion Silver's combination of undervaluation Rel ative to Gold extensive industrial demand and increasing investor interest positions it for potential outperformance as we continue to explore Silver's market dynamics we'll delve into expert

predictions and future valuations that further support the case for a significant price surge stay tuned for more insights on why silver could be one of the most lucrative investments in the coming years if I can put an aster there we are in such different times now than it existed 20 30 40 years ago the market has nothing in common when I first put my hat on 40 years ago so ratios that worked 40 or 30 years ago may not be as effective or as useful now because so many things have changed to make up

what's happening with those things that make up the ratio it's the same as I try to tell the people like me with gray hair or no hair you know 60s 70s that playing the market 40 years ago the stock market is nothing like what it once was you know when I started Elijah 90% of the trading was individuals I don't think individuals make up 10% of the trading now so same thing with the ratio but the good news is all the metals all the key Metals Gold Silver Platinum even Palladium even nickel and

things like that they all still have very bullish constructive fundamental and Technical factors that strongly suggest we're not anywhere NE near the ultimate top in this as we look to the Future expert predictions and analyst insights provide compelling evidence for Silver's potential to reach unprecedented Heights let's examine what industry experts are saying about Silver's trajectory and how their forecasts support the case for a dramatic price surge the World Bank has projected that silver prices will

average around $21 per ounce through 2023 reflecting a conservative Outlook however less mainstream analysts and silver market enthusias are much more bullish for instance some analysts predict that silver could reach as high as $92 per hour by the end of 2027 this optimism is driven by Silver's growing industrial demand and the ongoing economic and geopolitical enties that favor precious metals as safe haven Investments Keith newer CEO of First Majestic silver has been one of the most vocal advocates for Silver's potential

in a 2022 interview he projected that silver prices could top $130 per ounce in the future newor bases his predictions on the increasing industrial demand for silver and the persistent Supply deficits his insights align with the broader Market view that Silver's dual role as an industrial and precious metal uniquely positions it for significant gains other industry experts point to the structural supply shortages in the silver market as a critical driver for future price increases the silver

institutes data reveals a consistent annual Supply deficit with demand outstripping Supply by approximately 20% this persistent deficit coupled with the increased industrial usage in sectors like Electronics solar power and Electric Vehicles creates a strong foundation for Rising prices moreover geopolitical tensions and economic policies continue to create a favorable environment for precious metals investors seeking to hedge against inflation and economic instability are increasingly turning to Silver the

ongoing trade tensions particularly between the US and China and the geopolitical uncertainties in regions like the Middle East and Eastern Europe have heightened Market volatility this volatility often drives investors towards Safe Haven assets further boosting silver demand additionally central banks around the world have been increasing their gold reserves as part of their monetary policy strategies while this directly affects gold it indirectly benefits silver as gold prices rise due to increased Central

Bank purchases silver often follows suit due to its historical correlation with gold this trend is expected to continue providing further support for silver prices the growing adoption of silver and green technologies also supports a bullish Outlook the global push towards renewable energy sources particularly solar power is expected to drive significant demand for silver the photoal take sector which uses silver in solar panels has seen exponential growth as countries commit to reducing carbon

emissions and transitioning to Greener energy the demand for silver in solar applications is projected to rise sharply analysts also highlight the potential for a breakout in silver prices du to speculative interest the speculative nature of silver trading means that prices can move rapidly in response to Market sentiment this volatility attracts Traders looking for high returns creating the potential for Sharp price increases during bullish periods in summary the expert predictions and market analyses present

a strong case for Silver's potential to reach $800 the combination of industrial demand supply shortages geopolitical uncertainties and speculative interest creates a perfect storm for significant price appreciation as we move towards the conclusion it's clear that Silver's future looks incredibly promising next with we'll explore the final step where we'll summarize the key factors and present a compelling conclusion that ties everything together let me know if you'd like to proceed or if there are

any adjustments you wish to make to this section year or not buy the things that are going to provide electricity and all I mean all these Transformers lines all these things that are going to be made and so forth and the metals that are needed for it that's why copper still has a lot of bright future now it's I don't think it's going to 10 or 12 there guys talking about that but clearly a sustained price above five will become apparent and that will afford opportunity for people that explore for

it develop it and mine it and also products that are going to be needed to keep providing things in the world let me leave you with this I if I was 10 years younger or a lot younger like you are one of the things that's going to become crisis which isn't spoken yet is the usage of water not only the sharing of it from farming elsewhere but for actually drinking purposes and survival purposes and it's it's probably the most acute problem out there that doesn't get a lot of talk even though everybody

talks about climate change but they don't talk about one of the most necessity thing we need in the human race and that's water then where do you think that will be going in the future if I was 10 to 15 years younger i' be trying to figure out who are the people that control it because a lot of that's happened now where people are controlling Aquas either it's governments or private people there are a lot of people that eventually feel that we're going to have to use salt

water eventually as drinking water there are countries Israel and a few others that do it uh it's hard for us to imagine that still here uh but actually the usage of water uh for just main drinking purposes listen that's always been a crisis in some countries like Africa and all and you would be very hard in Canada because everywhere you look there's a lake but the bottom line is water is becoming more of a more of of a a needed commodity and it's very very important in mining you basically

can't mine especially certain types of metals without proper water and uh again if if I was a lot younger I would spend more time researching public companies that would be involved it in some way but I'm going to go out on my on the Twilight of my career in the medals and Mining shares it's something I've known about in 30 or 40 years I've identified a couple of people that are even a lot smarter than me and that's where the last few years of this uh career of mine uh will be spent can you maybe give us a

forecast of what you see for the rest of the year in both gold and silver well I like to say Elijah and you know this if we investor interest in silver has been growing driven by its unique combination of industrial demand and investment appeal the rise of social media and online investment communities has played a significant role in increasing awareness and participation in the silver market platforms like Reddit have seen movements like the silver squeeze where retail investors collectively drive up silver prices by purchasing

large amounts of physical silver and silver backed assets this Grassroots movement highlighted Silver's potential for Rapid appreciation and brought significant attention to the metal institutional investors have also been increasing their exposure to silver with exchang traded funds ETFs purchasing large quantities of physical silver to back their shares this has effectively removed significant amounts of silver from the market tightening Supply and contributing to Upward pressure on prices the ongoing

accumulation of silver by etips and other institutional investors reflects a growing recognition of Silver's potential as a valuable asset in Diversified portfolios Market sentiment surveys and analyst reports indicate a strong bullish outlook for silver many investors view silver as undervalue compared to gold considering the historical gold silver ratio with the ratio currently around 80 to1 there is a widespread belief that silver has substantial room to appreciate relative to Gold historically such high ratios

have often preceded significant upward adjustments in silver prices speculative interest in silver is another key factor driving its potential price surge Silver's price volatility attracts Traders looking for high returns and this speculative nature can lead to Rapid price movements silver prices tend to be more volatile than gold due to its lower market capitalization and higher sensitivity to changes in industrial demand this characteristic makes silver an attractive asset for speculative

traders who thrive on Market swings long-term investors also see silver as a hedge against inflation and economic instability the ongoing fiscal stimulus measures and increasing debt levels in major economies have raised concerns about future inflation silver with its historical performance as a hedge is becoming an essential part of Diversified investment strategies as more investors allocate a portion of their portfolios to Silver the demand is expected to increase further supporting higher prices the unique properties of

silver and its extensive industrial applications provide a strong foundation for its future growth the demand for silver and Technology renewable energy and medical applications is expected to continue Rising supporting long-term price appreciation as Industries expand and innovate Silver's role as a critical component in various high-tech sectors will only become more pronounced the comparison between silver and other precious metals such as gold platinum and padium further underscores Silver's

unique position while gold benefits from its Safe Haven status and monetary uses Silver's extensive industrial applications give it a distinct Advantage platinum and Palladium have specific industrial uses particularly in the automotive sector but their demand is not as broadly Diversified as Silvers Silver's diverse applications across various Industries provide a more robust demand profile supporting its long term price potential well you know I'm going to differ a little with Elijah I don't

think the market has rise that much if you look over the next year or so first of all as I pointed out since January 1st 2022 Gold's up 33% the S&P is up 11% and the bonds are down double digit if you look over the last two years from where the the S&P was went down and went up to it's less than a 10% gain and if you start to look into the whole Market the value line index and what have you some averages are actually down over two years so I don't think it it's as much that everything is going through the

roof sure it's at its highest levels but it's not it hasn't come close to making the gains even that other thing called you know cryptocurrencies and everybody oh look at Bitcoin all right Bitcoin a couple years ago got to 70,000 went down got back up to 70,000 hovering near there but what has it really done in two years look what Gold's done in two years look what silver has done and look what copper has done so I I think the the the the Mis notion the the relics us dinosaurs that live with the relics that

that is where it's been and until that changes a lot and those type finally come in it still has a way to go it's just a normal way of mankind and human thinking and I don't I don't I'm not happy for you that people aren't knocking your door down but it's actually makes me feel good in a sense that be because if everybody in the mother started to buy billion the crowd as s never wins it wins early on and towards the end but then most stay too late and then the rug gets pulled out on

them and I I I just don't I just don't think that the metals and things related to medals and let me make one other point if I may give me an example why right now on Wall Street nothing's harder than hotter than artificial intelligence companies you know that have it everybody's talking that we're going to it okay let's buy into it still a lot of people in Wall Street went to crypto currencies everywhere you turn there's a crypto person 250,000 it's going to 500,000 going a million and all

well even if they're correct the usage of that requires an unbelievable amount we are in no position as a country or World Prov so my ARG would be is running into those things while this may seem like an ambitious Target the convergence of these factors suggests that such a scenario is not entirely Out Of Reach Silver's ongoing Supply deficits have created a market environment where demand consistently outpaces Supply this structural shortage is a critical driver of future price increases the silver

institute's data reveals that the global demand for silver particularly in industrial applications has been steadily Rising while M production has struggled to keep up this imbalance sets the stage for significant upward pressure on prices the growing industrial demand for silver is another key factor supporting a bullish Outlook Silver's unique properties make it indispensable in various high- growth sectors including Electronics solar energy and electric vehicles the global push towards renewable energy and green

technologies is particularly noteworthy as countries commit to reducing carbon emissions and investing in sustainable energy solutions the demand for silver and photovoltaic cells and other green technologies is expected to soar economic factors such as inflation and monetary policy also play a crucial role in driving silver prices inflation erodes the value of Fiat currencies prompting investors to seek refuge in tangible assets like silver the Federal Reserve stance on interest rates and ongoing economic uncertainties further

enhance Silver's appeal as a hedge against inflation and economic instability geopolitical tensions and global economic policies add another layer of complexity to the silver market conflicts trade disputes and geopolitical uncertainties create volatility in financial markets driving investors towards Safe Haven assets like silver the ongoing geopolitical tensions particularly in regions like the Middle East and Eastern Europe contribute to Market volatility and support higher silver prices investor sentiment and

Market Behavior significantly influenc silver prices the rise of retail investor movements such as the Silver squeeze and the increasing participation of institutional investors have brought significant attention to Silver exchang traded funds ETFs that purchase physical silver to back their shares have effectively tighten Supply and contributed to price increases the growing recognition of Silver's potential among investors further supports its bullish Outlook technical analysis of Silver's price patterns and

key indicators also points to the potential for significant if ific price movements patterns like the double top and key resistance levels combined with momentum indicators and volume analysis provide insights into future price trends the current technical setup suggests that silver has strong upward momentum with potential for further gains if key resistance levels are breached comparing silver to other precious metals particularly gold highlights its unique advantages while gold remains a stable and valuable asset

Silver's extensive industrial applications give it a distinct Edge the gold silver ratio currently around 80 to1 indicates that silver is undervalued relative to Gold suggesting substantial room for appreciation historical Trends support the view that silver could experience significant price increases as the ratio normalizes in conclusion the convergence of supply shortages Rising industrial demand favorable economic and geopolitical factors positive investor sentiment and Technical indicators all support a

bullish outlook for silver while reaching $800 may seem ambitious the current market dynamics make it a plausible scenario as investors continue to recognize Silver's potential and allocate a portion of their portfolios to this precious metal the upward pressure on prices is likely to persist stay tuned for more insights and updates on the silver market don't forget to subscribe to our channel for the latest analyses and expert predictions and remember while the potential for significant gains is exciting always

consider the risks and do your due diligence before making any investment decisions this is not Financial or investment advice but rather an exploration of the compelling factors that could drive silver prices to new pites thank you for watching and let's see where the silver market takes us next