Michael Oliver: Silver Entering a New Price Reality
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Silver: Entering a New Price Reality
“With Gold at $4,000, according to GoldFix interpretation of MSA’s momentum indicator, that puts Silver handily above $52 per ounce”
Authored by GoldFix ZH Edit
In Michael Oliver’s latest MSA assessment dated September 28th and sent to his subscribers he revises sharply upward expectations for silver over the coming months and into the first quarter of next year. The report identifies both price and long-term momentum as signaling a phase of vertical acceleration. The character of this move is described as “massive and jolting,” reflecting a full repricing of silver as a monetary and industrial asset. Her is our breakdown and analysis of a portion of that report
“The technicals of both price and long-term momentum are telling us what’s about to occur and is already underway: upside verticality. Massive and jolting.”
Silver’s current behavior is being compared to two prior historical episodes: the late 1970s and the 2010–2011 period. Both preceded explosive rallies in which the metal advanced several multiples within a handful of months. If those analogues hold, MSA expects silver to reach at least $100 per ounce (consistent with 2010/11) or potentially exceed $200 (similar to 1979/80).
“Either way, dynamics are now being triggered that indicate not only silver’s price and momentum acceleration, but also massive gains vs. gold.”
Importantly, this prospective move is framed as structural rather than speculative. MSA rejects the notion of a temporary spike followed by collapse. Instead, silver is expected to establish a “new price reality,” where downswings occur but remain at significantly higher levels than the suppressed ranges of past decades.
Related: GoldFix believes $144 is a likelihood given Silver’s addition as a critical mineral last month
Are You Ready for $144 Silver and $9.00 Copper?
The recent decision to add silver to the U.S. critical minerals list marks an important shift in how policymakers view the metal. The designation signals that silver is no longer treated as a simple commodity but as an asset tied to industrial capacity, technological development, and national security. Analysts and policymakers alike emphasize that this recognition places silver in the same category of strategic concern as lithium, uranium, and rare earths.
Silver vs. Gold: Relative Performance Breakout
The spread of silver relative to gold is also breaking out on momentum metrics. MSA notes that while the spread has already taken out a downtrend (uptrend on our inverted chart) , the more significant event is the horizontal breakout above (below) repeated highs of the past several years.
Momentum has already confirmed this breakout, and MSA defers to momentum as the leading signal. In essence momentum already implies Gold Silver can/will trade to his level in orange above. With Gold at $4,000 that puts Silver handily above $52 per ounce
The implication is that silver is positioned to outperform gold, as was the case in 1979 and late 2010. Both historical precedents marked the beginning of rapid and disproportionate silver gains.
“This same kind of relative performance breakout was a major table-pounding lift-off signal back in 1979 and late 2010.”
MSA emphasizes that silver’s acceleration will translate into “massive gains vs. gold,” reinforcing the view that the second monetary metal is entering a structural revaluation phase
Continues here.