Silver is going vertical and a near-term spike to $120 to $140 is possible in the coming days/weeks.
Once silver prints its final blow-off high, a terrifying correction of 30% to 50% is possible, followed by a period of consolidation.
Gold miners relative to gold may be on the verge of a breakout, but the best risk–reward setup could emerge in silver miners after such a correction.
Our Gold Cycle Indicator is maxed out at 450, signaling an approaching market top.
GOLD: Gold appears to be consolidating after its recent breakout, similar to the price action seen in the first half of December. I expect the uptrend to resume, maintaining course towards $5,000. At some point this year, I anticipate a significant drawdown in metals, which could be severe and potentially correspond with a breakdown in the stock market.
SILVER: Silver is going vertical, with prices potentially testing $100 as soon as next week; a spike to $120 to $140 is possible. The Q4 2025 breakout above $50 was generational, making it difficult to gauge how far prices could run in the near term. Once the final top of this blow-off rally is in place, a frightening correction should be expected. Over the longer term, however, I see silver reaching $200 and possibly even $300 by the end of the decade.
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