Silver Slingshot Update: "I Believe a $10 Move Is Coming Quickly" | Mike Maloney

Summary

In this detailed analysis, the speaker predicts a significant rise in silver prices, forecasting a surge to $48-$50 per ounce. He highlights silver's potential due to growing demand, its historical price fluctuations, and a persistent supply-demand imbalance. The speaker also compares silver to gold, emphasizing its undervaluation, and discusses the implications of the silver-gold ratio. He presents a compelling case for silver's future value, suggesting it could far exceed current prices. The discussion further touches on the technical analysis of silver's price movements and the broader economic conditions driving this potential rise.

Takeaways

• 😀 Silver is predicted to reach $48-50 soon, followed by a short pullback before continuing upwards.
• 😀 The 'silver slingshot' has begun, and as demand increases, the silver market could face deficits as high as 300 million ounces.
• 😀 Silver's price increase is closely tied to supply and demand, with price being the only factor that can balance the market.
• 😀 A technical analysis from April 2024 and June 2025 shows that silver has surpassed previous resistance levels that have lasted for 13-14 years.
• 😀 The recent silver price rise to $38.47 reflects a breakthrough above 13-year-old resistance, indicating strong upward momentum.
• 😀 Despite fears of a top in silver prices, the past movements suggest silver's value will continue rising, driven by inflation and currency creation.
• 😀 Historical silver prices have been influenced by various economic factors, and the current price of $38 is considered low compared to potential future highs.
• 😀 Predictions for silver's price could see a huge overshoot, as rising demand will push prices higher than expected.
• 😀 The silver-to-gold ratio is currently around 88-90, much higher than historical averages, indicating silver may outperform gold.
• 😀 The long-term supply of silver is constrained, with a significant portion used up in electronics and other industrial applications, while the amount available above ground is limited to just 3 ounces for every ounce of gold.

Q & A

What price is silver predicted to reach according to the speaker?

The speaker predicts that silver will reach a price of $48 to $50 per ounce. However, he mentions that when this price level is hit, silver will likely experience some resistance before eventually surpassing it and entering a phase of 'clear air'.

What is the significance of the $48 to $50 silver price range?

The $48 to $50 price range is significant because it represents a level of resistance. While silver may face some initial challenges at this point, the speaker believes that once it breaks through, the price will continue to rise rapidly, entering a phase of clear price movement.

What does the speaker mean by 'silver slingshot'?

The term 'silver slingshot' refers to the rapid and significant price increase in silver, driven by supply and demand dynamics. As more people rush into silver, the speaker suggests that the total ounces of silver in circulation will likely reach around 300 million ounces, which will impact the market significantly.

How does the speaker relate silver's price movements to supply and demand?

The speaker explains that silver's price is ultimately determined by the balance between supply and demand. When there is a supply shortage, the price of silver must rise to bring the market back into balance, which is the primary force driving the projected price increases.

What were the conditions around the COVID crash, and how did they impact silver prices?

During the COVID crash in March 2020, there was widespread fear and panic. The speaker, who had been following the situation closely, bought silver during this time, recognizing an opportunity as silver's price plummeted and the gold-silver ratio reached unusually high levels, signaling an undervaluation of silver.

How did the speaker's perspective on gold and silver change after the COVID crash?

The speaker initially planned to buy gold but instead chose to buy silver, given that silver was undervalued relative to gold. The speaker was motivated by the steep gold-silver ratio during the crash, which prompted him to increase his silver holdings significantly.

What role does technical analysis play in predicting silver's price movement?

Technical analysis plays a key role in understanding price trends and predicting future movements. The speaker highlights various chart patterns, such as the inverse head and shoulders and cup-and-handle formations, which have indicated that silver is poised for significant upward movement.

What historical context does the speaker provide about silver's past price behavior?

The speaker refers to the historical price peak of silver in January 1980, when silver hit $50 per ounce. He believes that due to the coming economic storm, silver could experience even larger price bubbles in the future, potentially surpassing the 1980 high if it follows the growth patterns of other assets.

How does the speaker use supply and demand data to predict silver's future price?

The speaker emphasizes that there has been a persistent deficit in silver supply for several years. This ongoing supply-demand imbalance, combined with the limited availability of silver and the increasing demand, will drive up prices, especially as the market struggles to meet growing demand with the current supply.

What is the significance of the gold-to-silver ratio mentioned in the transcript?

The gold-to-silver ratio is significant because it highlights the relative value of silver compared to gold. Currently, the ratio is about 88:1, but the speaker believes it is destined to drop below 30:1, indicating that silver is undervalued and has the potential for significant appreciation relative to gold.