Silver Is Just Getting Started

For four years now, central banks have been buying gold like it is going out of style. They bought over 1,000 metric tons in 2022. They bought another 1,000 metrics tons in 2023. And they bought another 1,000 metric tons in 2024.

Last year, they bought a little over 800 metric tons.

As a result, gold’s price has been climbing from $1,700 per ounce to over $5,500 per ounce before this recent correction.

Silver on the other hand – as it tends to do – has been lagging gold. But that all changed last year. Silver started 2025 below $30 per ounce. By the end of the year, it was trading over $75 per ounce… a 160% gain!

What changed?

Individual retail investors finally showed up.

You see, central banks buy gold, but they do not buy silver. Silver is too bulky and cumbersome for their taste.

Investors buy silver when they buy gold. They started buying both in the second half of last year. And since the silver market is a much smaller capitalized market than the gold market, the same dollar has a bigger impact on the silver price versus the gold price.

Silver peaked above $115 per ounce before the current correction… but it has a long way to go before this bull market is finished.

$100 Silver and Beyond

For half a decade, I have been calling for $90 to $100 per ounce silver.

This call was based upon strong fundamentals, past experience with the impact of investor participation in the silver market, and the above 45-year silver price chart.

I am not a chartist. But every analyst I asked about the bullish “Cup and Handle” formation above said the same thing. Basis that chart, they all expected silver to reach $90 to $100 per ounce.

Now, charts are wonderful, but they are just one data point. I also pay attention to supply and demand fundamentals. And they easily corroborated the call.

For eleven straight years, silver was produced at a surplus. But that changed five years ago. For the past five years, silver has been produced at a deficit. The first two of those deficit production years wiped out the previous eleven years of surplus.

For the past three years, we have been digging that deficit hole even deeper.

Meanwhile, demand is increasing.

Silver has varied industrial uses. Most notably, silver demand is peaking for electric vehicles, high-tech electronics, and solar panels. Add to that the explosive demand for silver needed in the build-out of datacenters for Artificial Intelligence (AI).

Last but not least, do not discount the individual investors who made their appearance on the scene late last year.

Put it all together, and there was no doubt we were going to $100 silver.

But something changed on January 1st.

China imposed much stricter export requirements for their silver exporters. They raised the volume exporters needed to produce annually in order to be able to export at all. They also held their silver exporters to much higher capital requirements… among other restrictions.

As a result, many silver exporters will no longer be able to provide silver to the rest of the world.

Here is the problem with that. Last year, China exported roughly 70% of the world’s refined silver. This year, they will not come close to that number as demand continues to surge.

As a result, I am doubling the price to which I see silver soaring. Before all is said and done, I expect silver to reach $180 to $200 per ounce.

And I am one of the more conservative voices out there.

When Low Prices Meet Low Premiums…

As a precious metals investor, the absolute best situation you can hope for is when Spot Prices and coin or bar premiums are low at the same time. It simply does not get better than that.

Well, that is exactly where we find ourselves right now with silver.

After peaking above $115 per ounce, silver has corrected. The price touched below $75 per ounce, and it may test that support again. But silver currently trades right around $80 per ounce… a full 30% cheaper than where it traded at its peak!

At the same time, we are seeing historically low premiums for one of the most popular forms of silver ownership… Junk Silver.

For those who are not familiar, Junk Silver refers to pre-1965 90% U.S. silver coins… half dollars, quarters, and dimes. The U.S. governments stopped making 90% silver coinage in 1964, so there will never be any new supply minted by the government.

All the Junk Silver available is in investors’ hands. It only hits the market when they sell what they own back into the secondary market. And that only happens when they hit their desired exit price.

That happened for many Junk Silver investors as silver rose from $30 per ounce all the way to $115 per ounce. We dealers have been buying Junk Silver back and selling it to our wholesalers.

And they are buried in Junk Silver.

So, in order to move the metal and raise capital, the wholesalers are offering Junk Silver below the Spot Price of silver.

This convergence of a lower-than-it-ought-to-be Spot Price and below spot silver premiums is quite literally nirvana for silver investors.

When you look up “buying well” in the dictionary, I am quite certain this is the trade you will see.

Keep What’s Yours!

Those three words are our mission. They signify us helping you preserve your purchasing power by exchanging mismanaged and worthless U.S. dollars for real, tangible assets that hold their value over time.

Right now, silver – and specifically Junk Silver – is the best way I know to help you achieve that goal.

Simply put… you can buy well by buying here.

Send us an email at infoasi@assetstrategies.com or call us at 1-800-831-0007 to discuss your objectives and the best way to meet them.

Silver is cheaper than it ought to be. Silver is poised for an epic run higher. Junk silver is available at historically low premiums.

What are you waiting for?