THE SILVER BREAKOUT: Off To $48? Triple Digits? | Mike Maloney & Tavi Costa
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- เผยแพร่เมื่อ 2 เม.ย. 2024
- Thank you for choosing www.GoldSilver.com as your precious metals dealer. Find Tavi's excellent info at www.crescat.net The silver breakout is here - will we see $48 per oz? $Triple digit silver? Join Mike Maloney and Tavi Costa from Crescat Capital as they delve into the silver market's explosive breakout and its implications for investors. Costa presents a comprehensive quarterly candle chart spanning silver's history since the 1970s, forecasting a move towards triple digits. With supply constraints and increasing demand, silver's surge is poised to continue, offering potential opportunities for investors seeking tangible assets amidst overvalued paper assets. Discover the insights and strategies for navigating the silver market in this must-watch discussion.
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Thank you for choosing www.GoldSilver.com as your precious metals dealer. Find Tavi's excellent info at www.crescat.net
Michael move your work! How can we get a hold of you to request a podcast with you for the month of May??
Unobtainable
@@Jondsmusicgv
Why would people buy mining stocks when countries are starting to nationalize their mining? Dumb move imo Got physical?
Tavi is not connecting the dots. On one hand he talks about Mexico having so much silver and to buy mining stocks. Without the knowledge that mexico has nationalized its mines lmfao
Silver needs to get to $130 to equal the 2011 $48 price. It’s called INFLATION @ 8%.
lol $50 inflation adjusted to today from 1980 = nearly $200 today!
Triple digits on the way easily!
Yes these malony clowns conning the stackers 😂 its still a huge huge fail in comparison to crypto tech stocks
Nonesense. $70 would not even start to compensate for the loss in purchasing power since silver was $48.
Learn some arithmetic.
$77. Is more like it, Thats 10 percent for the big guy.
@@Night-nl8vo Will see whos laughing in 2025...it wont be the crypto boys.. it will be the metal boys.
.....and to think some of us still own our $40+ silver from 2011. I made up for it when I loaded up in March 2020 at $12. Cost averaging.
I got interested at 4$. I was young but recognized that 4$ was historically cheap.still haven't sold 1 oz.
$12 silver came with a $6 premium
It's all a great buy when it hits $248/oz.
I do. May 2011 is when I STARTED. Stacked the whole way down and up.
Bought my first silver when spot price was $6.40, had to pay a dollar above spot so $7.40 and ounce, couple years later dropped to $4.00 and stayed there for a long time. Since then got married have kids now who are 30 years old.
First it has to break 30$ ,then we can talk about the triple digits
I just love people who write this & it happens EVERY TIME people look at rational targets…
EXACTLY, DON'T GET AHEAD OF OURSELVES, BEEN DISAPPOINTED SOOOOOOOOO MANY TIMES 😒 😑 👍👍👍👍
$27 in 1980 would be worth $101
Came to comment the same. Lots of paper silver derivatives to punch thru at $28 and $30. If it runs, it is being allowed.
7 bucks 1990 inflation adjusted still 7 bucks 2024
I really loved 2015, buying gold at $1050./ounce and silver at $17./ounce...miss those days.
I believe silver is destined for triple digits, with loaves of bread not far behind.
bag holding silver since 2019... let's go...
Bag holding since 2010 😂 hope you bought crypto as well years ago 😉
Since 2013 here
I started buying at $7 an ounce
@@nateg7100 not sure think my average back then came out to 19$ an oz overall
One day silver will actually break out and make triple digits. And then what I will have learnt from gold/silver vendors, is that the word imminent means its going to happen within 50 years.
great, my baseball cards will be triple digit also.
Lol. So true
A few might, most won't.
Not wrong.
27 is out of this world to me. Wow! Lol
Popcorn and soda is $27 at the movies!
I have been stacking silver for 58 years and I never lost faith in silver. I have been laugh at, made fun ofand was even told I was a idiot for stacking silver and gold. I think I will have the last laugh!!! Jim
You keep smiling Jim!!!
❤ You will have your day, sadly my father passed away last year. I told him in 2012 2024 would be the year it breaks out.
I see my thoughts coming true
How could you know what would happen 12 years in the future?
@@roychin6460 it hasn't really happened yet. As we are more silver biased.
Simply the mathematics of the debt, the above ground supply and all the actual factors that should push the metals price- money printing, I also felt that the suppression was going to come under pressure.
Still I was and am expecting a lot more this year This is just the start.
But until we see force majeure, they could always smash it down but the difference now is it will 'all' (physical) be bought up.
Definitely you will!
Silver 🥈 is King 👑
King of promises that don't deliver
Mr positive lol
25 years stacking not holding by breath ever waiting on silver the banks will screw us with paper silver as always
24.50 by Friday
$41🇦🇺 down here... 10yr highs pretty much.
If so, I am buying more!@@bobmalooga335
Don't hold your breath...BUT there's a change in the air.
Thank you Mr.Bunker Hunt
You said up to a thousand dollars back in 2010-2011. I bought it at $46 and have been waiting since then to at least break even. You can predict all you want. Your bound to get it right at least once.
i m not surprise they said these. i hv know people who bot at 33 then. i only start listening to them last 6 years so bot physical at less than 20. but lost a tonnes in trading because listening to people like david morgan and etc. I myself is to be blamed not them, itchy ears. I hardly listen to them for a while and learn the technical. They will be right one day. Anyway i like the shiny, bot some every year.
I bought 500oz in 2008/09 at $12, sold in 2011 when it hit $48. A guy was in the shop that I sold my silver at. He bought it all at $50. I feel kinda bad for the guy now.
I hope you bought more since then when the price dropped. Dollar cost averaging 😊
@@chriscekosh9194 Nah, that was all the money I had.
@@marktra8two poor bastard probably died waiting to break even.
Mike... thanks for putting this together 🙏
When it hits $50 wake me up! Heard this fluff for 20 years!
Tavi always comes prepared witth hard hitting charts. Great show, Mike!
What happens when you hold a basketball underwater? Well the silver basketball has been held down to the depth of the Mariana Trench
Hahaha 🤣🤣🤣 that's a bold statement 🤣😁🤣
That analogy doesn't really work because at those depths the ball would just be crushed lol.
Just lucky that silver wasn't anywhere near the titanic last year then :)
Thank you Tavi and Mike!
Gotta be right one of these decades...
Under Basel III released in 2019, Monetary Gold Bullion now qualifies as a Tier 1 asset, and is 100% valued for the purposes of banking viability.
Another point to consider is that SIFI’s (Systemically Important Financial Institutions) are now “required to quadruple their reserves” when compared to the previous minimum requirements before the banking crisis March 23, 2019.
Much appreciated. Thank You
very good guyd. Now we finally have something tangible to discuss!
Mike Terrific interview Thanks
Glad I’ve been investing
Thanks gents!
Silver will only be getting warmed up at $48....lol
It’s crashing up. the grand short squeeze is pending.
@@cl5619 Hope it crashes up to$20,000.
#EndTheFed 🇺🇸
@truewealth50 why not $200,000???
@thomasjensen6243 Why not?....I am not scared ...Do it !!!!
Silver to 29.89
I've heard that institutions have massive short positions on silver. He said that silver is used heavily in military applications and it's a matter of national security to keep the silver price down, and that banks take short positions to create selling pressure to do so. All that aside, what happens if there is too much buying pressure for them to counteract? It seems that the only thing they can do is put on more shorts as selling pressure, which will only get them obliterated even worse when the inevitable happens. Such an interesting situation.
Who remembers the Lone Ranger? Hi ho Silver away✌️
Excellent report
Glad I have two orders on the way here.
Took delivery of an order today.
i have some room in my sock drawer if anybody needs pm storage
I want silver to be $70,000 like bitcoin. Silver can do way more than bitcoin.
you cannot send silver instantly to the other side of the world like bitcoin
@@brianmenendez nor do I want to. Who am I gonna send it to? Commies?
No, it cant
half the USA are commies
In Mogadishu money it is..
Today now COMEX futures Silver up 4.3% and Gold up 1.3%. All commoditues going up as real inflation 10% and interest rates rising.
Soy beans !
@@gianmichaelshannon5974 And copper for sure.
Bless Tavi.
he may b right tis time.
Ordered 40 ounces prior to the run up😂😂😂
Tavi and Michael are legends. 👏👏👏😊👍
BUT FINANCIAL EXPERT michael howell says stock market crash wont be till fall 2025 because of liquidity cycles. what does that mean for gold, silver? what if dollar collapse before then? this doesnt seem to make sense please explain
Very good gents thxu
This is the time to buy metal and store it. Seven years ago it was below 14 dollars per ounce; it has doubled in 7 years, which average to over 10% per year. Given the momentum it carries, plus the geopolitical risk, added to económical and financial risk, I would bet the next doubling will be in half the time. Thus by 2030 I would bet it would be triple digit ounces. You can't beat that anywhere, anyhow, as long as you poses metal...
Buy silver now and stash it!!!
It’s also down 20% since 2012.
EXPLODING METAL💥💥💥
the miners arent moving? Bought AG 3 weeks agon and Im up 65%
Buy when nobody else wants it ! Good for you !
Good choice.
silver should be 10% of gold......so thats 230 US dollars...
A silver mine sponsor snapped me out of the hypnosis 😜. It is nice that silver is going up though… sort of
Silver is at an all time high in SEK!
Yup sure
I saw this before then SLAMMM
Cant wait for that slam
Haha classic I was thinking that!
Gold breaking out new highs almost daily. Silver? Still around 45% down off it’s ATH’s 😂
As soon as gold pulls back a little (it’s overdue) silver is going to get SLAMMED back to the low 20’s.
Only a daily close above $28 might change my mind.
@@dlyras The Chinese are buying physical silver like crazy, with no derivatives in Shanghai market. They are paying at least $2 more than US spot price. Arbitrage in play.
IF silver hits triple digits...will dealers buy it? Or does silver have to sustain trip dig for a certain amount of time?
They will buy below spot but it’ll still be a good deal from where it is now.
I'm sure some will be willing to buy it but not for spot. I suspect you'll be lucky to get 70% of spot
As we speak USD 27.10 troy ounce
123-216 estimation on first pull back and top
This IS a great chart. However, the problem with such charts is that the numbers treat the $ as static. What would happen to that chart if it were adjusted to account for the 95% depreciation of the U S $ since Nixon cut the $/gold backing? I'd really like to see that!!!!
If you remember anything from the Big Short you should remember that Goldman et al did not let the swaps on mortgages crash until they were net short. No way we break $28/$30 while they are short. BUY THE DIPS!!!
Been watching Mike on and off since early 2020 when the unconstitutional lockdowns began. I remember him specifying 2024/25 as a year for a breakout in metals, and he was correct. I'm glad (with hindsight) that I took some of his hints.
Mike, you have the best content. Tavi is amazing as well. Class act. I remember we went out for steaks with silverfuturist back in 2009 or 2010. Had an amazing time. I'm now a portfolio manager. I would love to meet up again if you are ever back in New York. I'm getting your new book on Amazon right now. Looking forward to a great read. By the way, I remember we took some pics. Curious if you still have any of those lying around. - Chris
Hi Chris, great to hear from you. DM me via Twitter tpo get in touch.
That's a powerfull trendline. I've begin investing in Silver 9 years ago; while seeing the very same videos of this fella. Silver never moved.
Silver has moved, just not for you guys using dollar. Maple leaf up 100% since 2016 in Norway.
"Time for the Quickening!"
- JesterJay a long, long time ago.
Does technical analysis even matter when the price of something is so horribly manipulated like silver?
actually it does matter. is highly manipulated. Spend few years watching them smash at certain level, their method did not chg for few years already. I think this time something happened behind the scene tat they run out of physical metal. But when the price is right, physical metal will appear.
Technical analysis is always relevant, as odd as it seems it appears more relevant than fundamentals
TA just tells you another story. It doesn't tell you what will happen, only what has. Watch it long enough and you might get a tradeable prediction right once in a while. Or find good places to add or remove positions. Don't listen to people like Mike Maloney and the people he brings on to do that for you though. There are much better technical analysts out there but ultimately learning for yourself is more valuable than anyone who will tell you what they think because it's all subjective and doing your own work/trial and error is the only way to make better decisions. People will tell you the same when it comes to research for making investment decisions.
@@seancsnm u r right. if i m not wrong, Tavi n a few others, hv been wrong when gold n silver r dropping. not seen these others for a while. A broken clock will be right twice. I totally stop listening to them for a long while bcos it will affect my trading, i need to unwind. Learn it yourself, is a very tough road. But nothing is easy.
yes, they manipulated until we r frightened. Study their patterns. Take time. There may be time when we can follow them and ppl actually make a living by these manipulation. But i think now is a bull market. So what Mike had said in one of the video with David morgan that eventually the cartel will follow the crowd n push it up could be happening now.
I bought silver at a 120 to 1 a few years ago!!?? he commented 85 to 1 was historical high??
A few months ago, someone input into Chat GPT the prediction for the price of silver. The answer was 160 USD per troy ounce. And gold was 2,200.
40-41 would double my returns. I started and loaded heavy right around 19-22.
Let's all tune in to fool ourselves that this little increase isn't just going to flop right back into going horizontal
It shout be brought back to the old standard 15 to 1 with gold; 4000 $ a kilo at the moment !
4$😮? Not even 1000$ in the us
Hello Mike!
I don't see the breakout, the reason for the high in JPY was due to the value loss of the yen not silvers breakout
Triple digits certainly makes sense because technology makes everything cheaper but the way the paper markets make the price cheap for industry when the ratio should have never gone above 30 beans it's going to take us from doing the work in the physical Market to get the price where it belongs
investing in mining stocks is a risky game but mostly its risky because people buy when it's an exciting market, therefore expensive. I think most of the current shareholders are poised to make lots of profits.
Time to ... #EndTheFed 🇺🇸
Silver 🥈🥈🥈🥈
All time high in Norwegian kroners (Norwegian currency), which has weakened enormously vs USD. Glad I put most of our savings in physical silver! :)
Gold was hitting all time highs in currencies around the world before it finally happened in the US, so it makes sense that silver will do the same. Congratulations on your foresight.
Jeg solgte en del aksjer i 2016 og kjøpte gull og søvmynter for ca 500.000 kr, har hatt god avkastning på de. Og for ikke å glemme, ingen skatt på gevinst dersom jeg vil selge.
@@rogerhagen305 herlig, gratulerer :) Jeg kom litt etter deg til "festen", men har også opplevd god avkastning og ikke minst en hedge mot fall i kronen.
Ref det du sier om skatt - det er nesten merkelig, ettersom at det er null informasjon om å opplyse om formue på skattemeldingen og hverken kjøp, salg eller gevinst på gull og sølv. Får håpe denne skatte- grådige regjeringen ikke får snusen på dette! ;)
SILVER!!!❤
Many mining speculators jumped ship to chase crypto, missing this current move in the metals.
Right. Sold silver in January @ 24 and bought BTC @ $42k. BTC is up 50%+ since then. Guess I missed out on silver's 15% skyrocket.
I'm a fan of Silver for sure.. but every time we have these little pops I feel like I'm watching an episode of Sanford and Son when Fred says... "This is the big one!!!!!" We've heard this so many times it's becoming as funny as Fred. Don't get me wrong.. I'm convinced at some point there will be a payoff for the faithful.. but honestly.. when it (if) happens, it happens. It's not going to change my position or attitude about the metal. Even IF it hits $100 bucks an ounce, I'm not selling.
Silver goes up a few dollars and everyone thinks this is the end of the world. Watch the big banks take silver back to $24 next week.
Yup. I'm not getting to excited
Then watch the Shanghai Exchange gobble up physical supplies of LMBA and Comex silver. Already in progress with both gold and silver.
@@zedsdead5870 it's already going down
Yes, get out of paper. Yes, get real. Remember wealth is measured by weight, not by volume. Digits weigh even less than paper, and Bitcoin is worth its weight in gold.
This is the move towards triple digit silver
Bought some generic silver rounds today under $29!
Silver should be 10:1 with gold minimum, not to mention the derivatives 395:1 manipulating the price down… watch gold and silver break the banks to bits
Greetings Mike and everyone! Where can I go to keep track on the price of gold & silver?
I use JM bullion app. It's a retail site, but I've never bought anything
Kitco app on it phone.
I think this time in silver the price uptick is going to longer and stronger than in 2020. But the manipulators are going to jump in and push it down but they won't be as successful as they were before. The natural profiteering and pullback will only bring it back down to the level we are at now and then it will take off again. The current 85:1 S/G ration might even approach 50:1 and normalize closer to that level instead of going back up to 80:1 range.
Buy ETH then convert to AMC28T. When bull market comes convert to AMC28T. Sell half at $3 and keep the remainder on chain.
Silver will never go high. The silver market is not a physical market it is a paper market fully controlled by a few parties. They create and sell silver as they please just as the central bank creates currency. Silver isn't mined but printed.
I been stacking gold and silver for 8 years thanks to MIKE I BEEN MAKING BANK !
Well, don't hold your breath!😂
It's just "talk".My hope is for increase, but I've been Waiting for over 60 years!!-I've saved silver all my life.
So when we all want to sell at the same time ( $100 plus) how do we find the next fool to buy it? Or will there be millions of them?
Did he just say "for certain"??
He did. 4:49
$30 SILVER COMEX closes all BiG Banks Go Bust that are Short
They say they lose $100 million every $1 silver goes up. $30 will end the Comex.
JPM will buy the assets.
If feds remove the proposed rate cuts this year from inflation then dxy goes up. Dxy goes up theng gold and silver cool off.
Gold and silver go up not matter what. Rates won’t be cut.
Yall need to look at the 10 year bond compared to silver from the 30s to the 80s and then look at the 10 year bond today
The DXY has gone up the last week or two -- right along with gold and silver prices. Correlation is breaking down.
Comex open interest is at 166823 the riggers are losing could we have a short squeeze like nickel had a while back??
I bought a few extra shares of silver miners to F the shorts
Yes. Don't lose your money on your own. Let somebody else do that for you
I understand why you choose AMC28T since it will have selling preasure in the next bull.
$37-$38 is first stop then about $50 and a longer pause. Long term the pricing will be insane. $100 by 2030 is my call.
I am a bit sad I couldn't load up more.
What, now miners is ok by Mike?
I bought MMA it’s already going up! 🇦🇺
all these comments about the price of silver are interesting. I personally doubled my small stack tonight, just to get out of holding so much fiat. I am not looking to make a ton of profit, I just want to have something that has value when the music stops on the dollar.
All of my USDT is still going to buy AMC28T
Prices dropped in 2008. 2011 was the recovery after the recession. So what will happen to prices when we are deep in another recession if not depression?
Tripe digits ****
With these facts why is Silver not $100 today?
Because the banks use paper silver to manipulate the prices in their own favor.
Can’t it just be manipulated back down? As usual?
Eventually market forces take over and supply and demand will re establish dominance. The suppression of price has caused a shortage in supply and since silver is a high demand industrial metal, any attempt to suppress its price will fail and just make the rebound more radical.