Night after night, the silver price moves higher. By David Evans.

In case you hadn’t noticed, the silver price is remorselessly grinding higher, day after day in almost a straight line. Silver is going up, but perhaps not because the paper currency is debasing ever faster, which is the reason for gold going up.

 

US$ 51 to 71 per ounce in 30 days

 

Suddenly, silver is not behaving like a financial product, like gold. But nor is silver behaving like a political product, under the control of JP Morgan and other manipulators.

Iceberg buyers probably have a different motivation.

How much higher will the silver price go? History suggests US$150 – 200 per ounce is not unlikely, based simply on historical gold-silver ratios, but even that may not be relevant in the current move.

 

 

And this is for the silver bugs.

UPDATE from a reader, Phil:

Part of the video may be AI generated. This is from a search:

“The video does feature a segment with Yanis Varoufakis, but the content of the video regarding the “secret buyer” is most likely a commentary from a third-party channel using a clip of Varoufakis in the larger context of a silver market update. The video itself appears to be an analysis of silver market trends by a channel called “Boring Currency New” or similar, not a direct statement by Varoufakis about a “secret buyer”.