Bank of America has stark message for Silver investors

The Street ^ | 22 Apr 26 | Hillary Remy

[delta7]

Key Points Bank of America's metals chief just issued a silver price target so wide it raised eyebrows even among bullsThe physical silver market has now recorded deficits for five straight years, and 2026 is expected to make it six There is a specific scenario that could send silver to levels not seen since a famous market squeeze decades ago

The bank’s metals team is projecting silver could reach anywhere between $135 and $309 per ounce before the end of 2026. That is not a typo. And the reasoning behind it deserves more attention than most investors are giving it right now. The math behind the targets Both price targets are rooted in the gold-to-silver ratio, currently sitting at roughly 59:1, according to FastBull. The ratio measures how many ounces of silver it takes to buy one ounce of gold. The higher the number, the more undervalued silver looks relative to its historical relationship with gold. Michael Widmer, Bank of America’s head of metals research, argues that if the ratio compresses toward historical lows, silver would have to reprice sharply higher. With gold trading near $5,000, the math produces two very different scenarios....

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TOPICS:
KEYWORDS: commodities; silver; tds

[delta7]

My personal technicals have shown $300, with the typical overshoot of $500. This Bull started in Jan 2023, and those save have already reaped insane gains, especially in miners.

Do realize, as we are entering a sixth year of shortages, physical ( not paper) is called for. The amount of private depositories are popping up everywhere now, that alone says a lot.

[packrat35]

What is driving silver down are the paper contracts that are 100X what they actually have. Totally corrupt and its going to fail someday and send silver upward.

[Brian Griffin]

Successful efforts are being made to reduce the amount of silver needed for a solar panel.

[Brian Griffin]

“What is driving silver down are the paper contracts that are 100X what they actually have. Totally corrupt and its going to fail someday and send silver upward.”

Dear Mr. Griffin:

We regret to inform you that the silver contract you paid big money for is worthless, we therefore have enclosed a facial tissue.

Your Brokerage

[Mariner]

How much silver does B of A own?

[DAC21]

“Successful efforts are being made to reduce the amount of silver needed for a solar panel”

And new Solid State car battery technology needs a lot more silver. 30x ( = 1 kilo) more than current lithium ion car battery technology.

[rottndog]

I don’t know why anyone would buy precious metals on paper. If you don’t have the physical stuff in hand, you don’t really have it at all.

[delta7]

Successful efforts are being made to reduce the amount of silver needed for a solar panel.

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Solar dwarfs the data centers usage, and Samsungs new Silver battery uses one kilo plus of Silver. Toyota/ Samsung deal ( 600 miles range, 9 minute charge) just signed, production slated for year end. Don’t be left holding paper Silver contracts. * except to buy/sell , Silvercorp’s 293 percent two year gain has been good, very good.

Hi Ho Silver!

[delta7]

I don’t know why anyone would buy precious metals on paper. If you don’t have the physical stuff in hand, you don’t really have it at all.

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Paper, the day soon arrives when the music stops. Strategy for the past two years plus, buy the paper of solid, well capitalized miners, sell the miner for stupid gains, roll into physical, rinse, repeat.

I have gained more in the past two years than 30 years in the equity market. This Bull has just started.( Jan 2023).

Hi Ho Silver.

[dennisw]

Where is Martin Armstrong on this?

[CFW]

I read an article somewhere recently (I’ll have to find it), that silver mines in Mexico are producing less silver than in the past few years because they’ve depleted the main veins in the mines there. So far, new veins haven’t yielded the same AG per ton as they’d hoped.

Of course in Mexico they are also having problems with drug gangs kidnapping mine workers and stopping work for weeks at a time so that is also becoming an issue.

[Uncle Miltie]

I always trust Banks.

[Vermont Lt]

If the dems win the midterms, gold and silver will take off like a missile. And not an Iranian missile, an Elon Musk rocket!

[Paladin2]

“I don’t know why anyone would buy precious metals on paper.”

No Sales Tax.

WAY lower in and out “friction”.

No storage costs/hassles/risk.

Can do it from the breakfast table.

[Fireone]

We’re on the same page. I went long, based mostly upon the gold/silver ratio being way out of the norm. My miners are up over 300% and climbing.
This has been a life-changing investment, to say the least.

[CandyFloss]

Martin Armstrong lost $700 million trading with his computer "Socrates".

He now sells his losing Socrates as a $150 monthly subscription.

Is Martin Armstrong a Fraud? The Failed Inventor Who Turned $700M Losses into a Subscription Scam

[Starstruck]

What is the historical gold to silver ratio?

[sauropod]

Review

[Organic Panic]

Will we finally hear “now is a great time to sell silver” on conservatives talk radio?

[CandyFloss]

I have gained more in the past two years than 30 years in the equity market. This Bull has just started.( Jan 2023).

Admit it. You are broke. You bought silver at the top at $121