After hitting a fresh nominal all-time high of $50 last year, silver hit a historic $93 yesterday.
Then…as if to prove bull markets don’t rise in a straight line, with $100 in sight… the metal fell 8% overnight:
Silver slid 8% in minutes in overnight trading Asia (Source: Kobeissi Letter)
Increased margin levels for paper trading briefly knocked down the price. Time will tell if this slam in the light volume of overnight trading will hold over the long haul.
With silver in an up tend, the pull back is in our view a buying opportunity. We’ll hear more about it… a lot more… this afternoon.
~ Addison
P.S. This afternoon in Grey Swan Live! we’ll be joined by Shad Marquitz and take a close look at the precious metals market in 2026 – the timing couldn’t be better for an event we’re calling Metals Mania.
In a brief discussion last week, Shad let slip his interest in one particular company that has labeled itself a gold and silver miner because of regulations that have restricted their sale of existing copper and antimony (used in drones and other defense tech).
Those restrictions are being lifted this month, along with other regulations that the Trump administration is trimming.
The details of this one company alone are telling for investors interested in capitalizing on the new retail interest in both precious metals and critical minerals. Shad’s an encyclopedia on the entire resource market. Every conversation yields a wealth of new market insights. Today’s Grey Swan Live! promises the same. Don’t miss it!
If you have requests for new guests you’d like to see join us for Grey Swan Live!, or have any questions for our guests, send them here.
How did we get here? Find out in these riveting reads: Demise of the Dollar, Financial Reckoning Day, and Empire of Debt — all three books are now available in their third post-pandemic editions. You might enjoy one or all three.
