Thoughtful Money with Adam Taggart

Silver In Breakout! How High Will It Go? | Andy Schectman

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Dec 3, 2025
In this engaging discussion, precious metals expert Andy Schectman, co-founder of Miles Franklin, dives into silver's recent surge above $59/oz. He explains the implications of massive COMEX deliveries and speculates on potential $100/oz silver. The conversation touches on industrial demand, China's export limits, and the increasing preference for physical silver over paper. Andy warns of market fragility due to historical price suppression and outlines practical storage solutions, emphasizing the importance of ownership in these uncertain times.
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INSIGHT

Big-Money Physical Demand Driving Silver

  • Massive monthly COMEX deliveries signal sophisticated, well-funded buyers driving physical demand for silver.
  • This physical demand, not just speculation, supports a structural bullish case for much higher silver prices.
INSIGHT

Technical Patterns Point To High Targets

  • A 45-year cup-and-handle breakout projects a technical target near $96 per ounce using the cup-height method.
  • Historical ratios and geology also make triple-digit silver plausible because there's effectively no resistance above recent highs.
INSIGHT

Gold:Silver Ratios Support $100 Silver

  • Geologic and historical gold:silver ratios imply much higher silver if ratios revert toward long-term averages.
  • Using current gold levels, a return to the 100-year average ratio implies roughly $100/oz silver.
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