Silver to $300
I know this might sound ridiculous to some, but I think silver could reach $300.
No, I haven’t lost my mind. After all, it’s a metal that’s known for massive rallies.
You see, when silver went trough its 1970s bull market, it started from a low of $1.31 in October 1971. By the time it reached its peak in 1980, silver had run all the way up to $49. That was a 37x return.
If we consider that silver was priced at $4.20 in late 2001, a 37x return would take it to about $155. However, I think this bull market could be an order of magnitude larger for a number of reasons, the main ones being debt, credit and money printing.
As a result, I think silver’s ultimate peak could be $300, and I won’t rule out possibly even higher.
Bullish Silver Fundamentals
Most developed and many developing nations have been in multi-year or even multi-decade deficit scenarios. This now looks to have become a permanent state, at least until we reach some sort of global financial reset.
The Institute of International Finance explains how the COVID-19 pandemic response added $24 trillion to the global debt mountain last
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