Silver: The Awoken Giant — The New Report Revealing Silver’s Next Chapter | The Gold Spot

Añadido: 2026-05-22

[00:00:00]SBC's last silver report was a huge success. So, what's next?

[00:00:05]From COVID to today, our predictions seem to become a reality. How did we know?

[00:00:11]What does the future hold for silver, and what happened that changed the price forever?

[00:00:17]Plus, why are investors so excited about our new report, Silver, the Awoken Giant? We've got that and much more for you. I'm Eric Sepanik. This is John Caro, and this is The Gold Spot.

[00:00:37]Well, John, silver hit $121 an ounce back in January of 2026.

[00:00:43]Uh when we released our last silver report, we told people that the market was building towards something historic.

[00:00:50]Uh that moment has obviously arrived, especially this week. I mean, we're seeing silver go back up to $90 an ounce. It's now trying to uh test that threshold again. Uh today, we're going to be walking through what we saw, uh basically how it played out, and where we believe we're going from here. John, tell us more. Let's go back to COVID, because that's where the story really starts to take shape.

[00:01:13]In March of 2020, the US Mint reported sales of 2.3 million silver American Eagles in just 1 and 1/2 weeks.

[00:01:22]Nearly triple the prior month's volume.

[00:01:24]And remember, we didn't just see that in the data. We saw it in our own lobby.

[00:01:28]Buyers were lined up out the door. Mhm.

[00:01:31]Physical silver was disappearing in real time, and we were watching it happen firsthand. So, 2020 was very interesting. That COVID boom that we saw was was really historic and for multiple different reasons. I mean, first of all, the spot price kept dropping. I mean, it hit at like $12.12 an ounce back in March of 2020. The premiums on the products, however, the I mean, we could tell you firsthand, once again, when they doubled, they tripled, they quadrupled in price, and people were still lined up out the door to buy it, no matter what, because the disconnection from the reality of what silver was worth and what the ETF markets were showing us as far as the spot price, they just completely lost um their connection. And then we just we just saw a boom. So, we recognized the disconnect. It was a signal for us. I mean, and we talked about this on the Gold Spot and also in that last report.

[00:02:25]But, the paper market and the physical market disconnecting was a huge sign, and John, can you tell us exactly why?

[00:02:33]The why is pretty straightforward. Major financial institutions have been influencing paper prices through future contracts for decades. In 2020, JP Morgan paid $920 million to resolve federal investigations into widespread manipulation through spoofing trades. A good chunk of change. That still remains the largest enforcement action in precious metals markets history. Yeah, as a result, in 2023, two former JP Morgan traders were convicted and sentenced to federal prison.

[00:03:03]These were the first criminal sentences ever tied to large-scale precious metals manipulation. The combined legal settlements across eight banks, cuz there's more than one, exceeded 1.3 billion dollars. The infrastructure that held silver prices down was beginning to crack, and we are paying close attention to that today. Well, I'll tell you, I mean, that that those are numbers that'll get any financial institutions attention. And I think more so, the fact that for the first time people actually were put into prison, made a change. We were also watching the technical picture develop. Silver had been forming what analysts call a cup and handle pattern, one of the most reliable bullish formations in charts analysis, really.

[00:03:47]And the interesting thing was how long this thing was. It started in 1979, it went all the way to 2011. The handle itself started to create itself in 2011, lasted till 2024. Nearly a 50-year base.

[00:04:03]So, as the old Wall Street saying goes, the the longer the base, the higher in space. So, basically in 2021, we saw gold break out of its cup and handle pattern. We knew silver was going to follow, and boy did it ever.

[00:04:17]Gold went 5600, silver just chased it, and just kept on going. That's right, Eric, and the numbers support that.

[00:04:23]Silver opened in 2025 at $28.92 an ounce. It closed last year above $70 an ounce.

[00:04:31]That's a 147% increase in 12 months.

[00:04:35]And the fuel behind it wasn't speculation, it was structural.

[00:04:39]For example, from 2021 through 2025, silver ran a supply deficit every single year. That's five consecutive years. The total shortfall, and this is physical supply, over 800 million ounces. That's roughly an entire years of average global mine production removed from the available supply. And here's why that deficit is so difficult to close.

[00:05:02]Approximately 70 to 80% of silver comes from byproduct production of mining copper, lead, or zinc. So, silver supply responds to the economics of the base metals, not to silver's own price. So, when demand surges, supply cannot just you know, ramp up. Meanwhile, industrial demand hit a record of 680.5 million ounces in 2024. In 2025, projections crossed 700 million ounces for the first time in history.

[00:05:35]59% of all total silver demand was now coming from industry alone.

[00:05:41]That's true, Eric. Look, solar panels consume nearly 197.6 million ounces in 2024. That's almost a quarter of all global silver mine supply all going into one sector.

[00:05:53]>> Mhm. In addition, electric vehicles use up 79% more silver per vehicle than a traditional combustion engine.

[00:06:02]And then there's AI.

[00:06:04]For example, global IT power capacity has grown over 5200% since the year 2000.

[00:06:11]Every data center, every server rack, every chip running these systems requires silver.

[00:06:18]Solar manufacturers, EV producers, electronics companies, they cannot substitute away from silver.

[00:06:25]They have to secure supply regardless of price and the laws of supply and demand are going to control. The physical squeeze confirmed everything we've been watching. For instance, London's LBMA vaults fell short. And then we saw nearly 1/3 of global vault inventory gone in just under 3 years. So really it was October of 2025 when everything started to really take off. Um the cost for borrowing silver spiked over 200% on an annualized basis, which has never been done. Traders were flying silver in plane loads just to meet delivery demands. This is something that we've never seen. Now, when the paper suppression finally lost control, that's when the market repriced and man did it reprice fast. What you're talking about is the free market at work. Look, looking forward the gold to silver ratio sat at 120 to 1 in 2020.

[00:07:19]By January 2026, it had compressed to under 50 to 1. Back in the 19th century, that ratio was 16 to 1, reflecting the natural geological abundance of the two metals.

[00:07:32]Many analysts now project continued compression towards 40 to 1 or even 30 to 1. So for example, with gold forecast for 2026 approaching $6,000 an ounce. A 30 to 1 ratio would put silver near $200 an ounce.

[00:07:48]Major analysts have $200 an ounce predicted for the years ahead.

[00:07:54]The structural case, supply deficits, industrial demand, legal accountability, critical mineral designation, none of that's going to go away. And according to many analysts, the biggest move in silver may still lie ahead. That's the focus of our all new silver investor report, Silver The Awoken Giant. If any of this raises questions about your own silver strategy, contact us today. We're always happy to help and it costs nothing to consult with us. This week's episode was taken from research from our brand new report, Silver The Awoken Giant. So, in that report, we go over everything that's important to you.

[00:08:34]If you'd like your free copy, just click the link below. It's available as a digital download or we can mail you a physical copy direct to your door.

[00:08:44]If silver is entering a new phase, this is a report that serious investors won't want to overlook. Thanks for joining us and we'll see you next week right here on The Gold Spot.

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