Silver Price Breaks the 50-Year Range, Most Gains By Summer | Michael Oliver
About this episode
Michael Oliver discusses the breakout of silver prices and its potential for significant gains by summer.
Silver is breaking out, and Michael Oliver says the move may be entering an acceleration phase with most gains potentially arriving by summer. In this Sprott Money Monthly Wrap-Up, Craig Hemke and Oliver (Momentum Structural Analysis) discuss the unusual late-month trading disruption, why attempts to restrain markets can create a “compression effect,” and how that could fuel explosive upside in silver, including his long-term $300–$500 outlook. They also cover gold’s strength and its breakout versus the S&P, why spread breakouts often mark the beginning of a larger trend, and why miners may be “reborn” as they reprice higher relative to gold alongside silver’s improving performance versus gold.
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