Author is long SLV, arguing silver is undervalued versus gold with tightening supply and growing industrial demand, expecting a large move into 2026.
SLV — LONG The author argues silver is lagging gold and that the stretched gold/silver ratio should normalize, historically causing silver to outperform with leverage. Industrial demand from solar, electronics, EVs and data centers is described as rate-insensitive, while new supply is constrained because much silver is a byproduct of other mining. A supportive macro backdrop of rising debt, currency dilution and geopolitical risk into 2025-2026 is cited as the catalyst, with the author claiming a 3-4x move is possible if rotation into metals accelerates. Main risk implied is that the expected rotation and ratio normalization may not occur.
Bought a lot of $SLV, I think silver outperforms into 2026