We Met the 2026 Target… In 2025!

Let’s get straight to the truth: Silver has already blown through my 2026 price target with more than a year still to go. 

In my book MoneyQuake 2026: Gold Beyond Belief — The Blueprint for the New American Gold Standard, my 2026 silver target was $73/oz — a number that seemed bold to many. 

But this past week — the last week of 2025 — silver traded north of $82 per ounce.

That’s right: We hit the target before 2025 even ended.

And it didn’t happen in a vacuum.

The Silver Shock Has Arrived — and It’s Real

Everybody loves a good story, but the silver narrative we’re living through right now isn’t clickbait. This is structural dislocation — a genuine, physical scarcity, born of real markets, real demand, and real supply pain.

• Silver has smashed record after record this year, rising well over 170% in 2025 alone, far outpacing gold and virtually every other commodity on Earth.
  
  

• Prices have even crossed the surreal milestone of being worth more than a barrel of oil, a phenomenon that’s rare outside the wild 1980 Hunt Brothers era.
  
  

• Central banks, industrial demand, and macro distress have all conspired to squeeze silver’s market into a level of tightness not seen in decades.

It’s not just traders saying it — miners, producers, and analysts are screaming it from the rooftops: The supply side of this market is fractured. Lower inventories, persistent deficits, and China’s export complications have made silver’s availability a front-page issue. 

And then the richest, most influential billionaire on the planet publicly reacts.

Elon Musk: “This Is Not Good”

Elon Musk — a man whose words can move markets — commented bluntly that silver’s price surge, and the supply shock behind it, is “not good.” 

Now before the Reddit crowd jumps in to complain he didn’t really say anything deep, let’s parse that with the context of the market reality:

1. Musk isn’t talking about finance — he’s talking about industry — and silver isn’t just a monetary metal anymore. It’s embedded in every layer of modern electrification, solar, EVs, AI hardware, and critical tech infrastructure.
   
   

2. When someone with his reach suggests a critical industrial metal is headed into “not good” territory, that’s not casual commentary — that’s a warning light on the macro dashboard.
   
   

3. The silver supply issue is not perspective — it’s physical. Vault inventories are dropping, delivery backlogs are growing, and global use — especially in clean energy and advanced electronics — is eating metal faster than mines can produce it.

That’s not fearmongering. It’s reality.

Silver Isn’t Playing Gold’s Game — It’s Running Its Own Race

In our MoneyQuake thesis, the gold/silver ratio was always a key valuation mechanism — and rightly so. 

For most of history, that ratio sat around 15:1 to 16:1, reflecting silver’s intertwined monetary and industrial role. But in recent decades, the ratio ballooned as high as 120:1 during moments of stress. Today, even after silver’s surge, it’s still well above “fair” historical valuation.

It currently sits at 57.

That distortion doesn’t correct linearly — it explodes. And what we’re seeing now is that explosion on display:

• Silver surged faster and harder than gold this year — because its market is smaller, tighter, and more vulnerable to supply shocks.

• Industrial demand keeps rolling over new all-time highs — solar installs, EV builds, and AI expansions are non-negotiable, structural demand drivers.

• Gold’s rally is powerful — above $4,500/oz — but silver is the high-beta metal catching the momentum tailwind and amplifying it.

That means the gold/silver ratio has to compress — not because traders hope it will, but because market mechanics force it.

Why 50 Gold/Silver Ratio Becomes the New Reality

Let’s be clear: predicting a specific ratio target isn’t a random guess — it’s a valuation judgment rooted in supply, demand, and relative monetary roles.

Here’s why a 50 ratio in 2026 makes sense — and why it’s too conservative:

1. Silver’s Industrial Demand Has Become Non-Negligible

Silver doesn’t just sit in vaults — it goes into solar panels, EV components, medical tech, and next-gen AI infrastructure. That’s real demand that can’t be substituted. 

2. Supply Side Can’t Catch Up Quick Enough

Mines don’t open overnight. Many are constrained by grade declines, permit delays, or geopolitical risk. China tightening exports only makes this worse. 

3. Fiat Debasement and Macro Risk Still Favor Hard Assets

With central banks cutting rates and real yields softening, non-yielding assets like gold and silver are benefiting from safe-haven rotations. 

4. The Gold/Silver Ratio Must Reverse Direction

Gold has rallied hard, but silver’s breakout is steeper. The ratio, once extreme, is now compressing — and will continue to do so as silver’s price revalues relative to gold. A move toward 50:1 is simply a reversion toward normality — not a speculative gambit.

What This Means for Prices

Let’s do the math.

If gold continues trading near $4,400–$4,600/oz — and you assume a 50 gold/silver ratio — that implies silver levels in the $88–$92 range for 2026.

That’s right.

Not $73 like I predicted.

Close to triple digits, because the market dynamic that got us here — structural deficit, industrial demand explosion, monetary stress — isn’t reversing. It’s accelerating.

And if gold continues to surprise to the upside — another 10%, 20%, or more — the implied silver target with a 50 ratio moves higher still.

For shits and giggles, let’s assume the gold/silver ratio goes back to 80 while silver is trading at $90. Well, that’s $7,200/oz for gold!

This isn’t “hopium.” This is valuation anchored in real demand and real scarcity.

Forget the Critics — They Look at PRICE, Not VALUE

Let the doubters squawk about volatility, temporary pullbacks, or mean reversion. They always do. But they’re playing price, not value fundamentals.

Here’s the reality:

• Silver’s rally isn’t an outlier — it’s overdue. For years it lagged gold by structural forces. That distortion had to mean-revert.

• This isn’t a one-off price spike — it’s a supply/demand shock. Deficits have persisted for years. Inventories are low. Demand is rising.

• Gold’s rally was the signal — silver’s rally is the reaction.

The narrative has shifted: silver is no longer the forgotten metal everyone ignores until it explodes. Now it’s the metal that spiked first and made everyone look twice.

2026 Isn’t a Forecast — It’s a Continuation

I didn’t make a prediction for silver just to be proven right — I made it because the conditions demanded it. And now that the target has been breached — before 2026 even began — it tells you everything you need to know.

The market moves faster than you think, and it respects structural imbalances far more than conventional valuation models.

This isn’t volatility — this is revaluation.

And as the gold/silver ratio compresses toward 50, silver’s implied price isn’t a theoretical target — it’s the next inevitability.

But going to 50 also implies that gold doesn’t move up in 2026. And my gold prediction for 2026 is $5,337. That puts silver at $106.75 if the ratio is 50.

Final Words: A New MoneyQuake Target

The silver market has shouted its verdict: $73 is old news. The real target for 2026 — grounded in valuation, macro context, and physical scarcity — lies closer to:

• Silver at over $90 per ounce

• Gold/Silver ratio approaching 50

• Silver outpacing gold in percentage gains for 2026

Hold your convictions, follow the fundamentals, and understand this: Markets reward those who see the shock before it becomes the headline. And silver’s shock isn’t over.

This is just the opening act of the MoneyQuake.

Get to the good, green grass first…

The Prophet of Profit,