Silver · Live
Silver.
The leveraged bet on the same thesis.
Why silver carries 3–5× the percentage upside of gold. A $50–60 billion investable market. When capital rotates out of dollars and into hard assets, silver is what overflows.
Live spot · per troy oz
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Why silver
The leverage isn't opinion — it's arithmetic.
- 01
Lower starting base
- 02
Industrial demand floor: solar, EVs, AI data centres, semiconductors
- 03
Tiny investable market: $50–60 billion vs $27T Treasuries — 0.1% of global financial assets overwhelms it
- 04
No CB silver buying, so overflow comes from private investors priced out of expensive gold
Targets
Where silver goes.
Base case (orderly, 3–5 years)
$150–200
Ratio: 62:1 → 40:1
Bull case (structural break)
$200–300
Ratio: CB allocation to 25%+
Decade target (full de-dollarisation, Yardeni)
$250+
Ratio: —
Technicals
Key silver levels.
- $120All-time high
- $90–97War peak zone
- $85Recovery target
- $65Support
- $50–60Structural floor
Daily brief