Michael Oliver: Silver Going Much Higher
Why It Matters
Silver’s deep discount to gold signals upside potential, prompting investors to re‑evaluate precious‑metal allocations.
Key Takeaways
- •Silver's price relative to gold at historic low of 1%.
- •1980 bull market saw silver at 6.5% of gold's price.
- •2010‑11 bull market silver rose above 3% of gold.
- •Recent breakout shows silver surpassing technical ceiling versus gold.
- •Analyst recommends buying silver, favoring it over gold now.
Summary
In a recent commentary, Michael Oliver argues that silver is poised for a substantial rally, pointing to its historically low price ratio to gold.
He notes that silver’s price is currently only 1% of gold’s, the lowest since the 2010‑11 bull market, whereas in 1980 it reached 6.5% and in 2010‑11 exceeded 3%. A technical chart shows silver breaking a long‑standing ceiling on the relative performance chart.
Oliver emphasizes, “silver is waking up even relative to gold,” and adds that despite a sharper recent pullback than gold, silver still outperforms over 6‑month and 1‑year horizons.
The analyst concludes that the mispricing creates a buying opportunity, suggesting investors shift allocation toward silver, which could reshape precious‑metal portfolios and drive price appreciation.
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