The Silver Supercycle Has Begun
Gold has been steadily climbing in recent months, but history shows that Silver tends to move later – and faster. With the Gold-to-Silver ratio still sitting near 90, far above its historical mean of 60, the reversion trade alone implies a monster rally in Silver is coming.
As GSC’s Head of Trading, Phil Carr, notes: “Every major bull run in Gold is followed by an even greater exponential surge in Silver. We saw it in 2011, we saw it in the 1970s and we’re on the cusp of seeing it again in 2025”.
If You Missed Gold at $1,500. Don’t Miss Silver at $36
While Gold has ripped past $3,500 an ounce, Silver remains the underdog – for now. At under $40 an ounce, Silver is still trading at just a fraction of its all-time high. In inflation-adjusted terms, Silver would need to hit $75 to match its 1980 peak – and nearly $100 to rival the momentum of 2011.
But Silver’s appeal today isn’t just about price. It plays a critical role in the modern economy – powering Solar Panels, Electric Vehicles, 5G Infrastructure and the AI revolution. In other words, Silver is a monetary metal and industrial lifeblood – and demand is accelerating on both fronts.
In a note to clients, analysts at GSC Commodity Intelligence wrote “Silver is where Gold was two years ago — deeply under-owned and on the verge of explosive revaluation. And unlike Gold, Silver has scarcity, real-world utility and embedded leverage. From current levels, the upside is enormous.”
With $36 in the rear-view mirror and macro tailwinds intensifying, Silver’s technical and fundamental setup is unlike anything the market has seen in over a decade. It’s hard money, green energy, inflation insurance and a high-performing Gold proxy – all in one.
