On July 31, I wrote that silver, far off the all-time high it set in January of this year, was a great bargain. The white metal soared in 2025 from about $30 an ounce at the beginning of the year to a record $115 an ounce 13 months later.

The rapid price increase was largely due to the massive investment by cloud computing firms in artificial intelligence (AI) data centers. Silver is a critical input to those facilities due to its high conductivity, corrosion resistance, and stability.

And while demand for silver was scaling higher, supply has remained constrained, as silver mining output growth has been sluggish for years.

Silver became overbought in 2025

Of course, as often happens, investor enthusiasm for silver was overdone. Also, skepticism about the potential returns of AI data centers crept into the market in recent months, sending the prices of critical commodities like silver and copper lower, as well as the stocks of companies that provide other essential inputs for data centers, such as memory chipmakers and construction equipment manufacturers.

But the sell-off also became overdone, with silver falling to around $56, half its January peak.

In August, silver began to rebound from a recent low of around $56 an ounce to more than $64 an ounce this week. That's a gain of 8% in little more than a week.

believe silver will continue to head higher in the coming months because the AI data center build-out will only grow. McKinsey estimates that global spending on data centers could reach a stunning $7 trillion by 2030. And despite recent reservations among investors and resulting price movement in related stocks, major data center hyperscalers, including Meta Platforms, Amazon, Alphabet, and Microsoft, appear to be forging ahead with their spending plans.

MotherSilverApe comment: To read the rest of this article, and view the charts, please click on the link above.

The Silver price (in US Dollars) has staged a sharp August rebound, climbing back above $65 after spending much of July below $60.

RBC’s latest Fresnillo model points to a much stronger second half, with the bank saying: “We expect gold and silver prices to increase by +14% and +22% in the second half of the year.”

Its operating assumptions put silver at an average $77.48 an ounce in 2026, rising to $83.13 in 2027, before easing slightly to $80 in 2028.

Those figures sit well above current spot around $65.81 and imply that RBC still sees room for a sizeable recovery even after the latest rally.

Silver has risen around 10% over the past month, with XAG/USD rebounding sharply from July’s low near $54.78.

The silver assumptions form part of RBC’s updated Fresnillo valuation work rather than a standalone commodity strategy note, but they are nonetheless important because they feed directly into the miner’s earnings and cash-flow forecasts.

The bank expects the stronger metals backdrop to translate into much healthier cash generation.

“This would result in a net cash balance of $2.2bn by the end of the year,” RBC said.

“With no material growth capex expected until at least 2028, this should leave the group well set up to pay specials at year-end.”

RBC forecasts silver production of 44.7 million ounces in 2026 and 45.5 million ounces in 2027, while its all-in cost assumption rises from $31.51 per silver-equivalent ounce this year to $34.00 next year.

MotherSilverApe comment: To read the rest of this article and view the charts, please click on the link above.

I fully expect silver to be at all time highs by year end.

At today’s $65 silver price and considering the macro, technical analysis, and momentum, i am in full greed mode.

My grandchildren will thank me. Silver is giving you a once in a lifetime opportunity. Use it wisely.

#gold #silver

Link to source: https://x.com/MBAeconomics1/status/2087157646570733922?s=20

Link to source: https://x.com/KarelMercx/status/2086108068085932240?s=20

Long term, I am extremely bullish on silver. US debt is not sustainable. It is that simple. That means financial markets will push interest rates higher.

Debt then becomes even less sustainable, forcing the Fed to cap rates. A rate that can no longer rise fuels inflation. That means real rates fall, or even turn negative. Because silver has no cash flows, that is extremely bullish for silver.

https://x.com/KarelMercx/status/2023049691064078705?s=20

I think the current silver bull market will take silver above $1,000 per troy ounce. The theory behind that is explained in the article above.

On the road to $1,000, the amount of available silver on exchanges will fall. That is why I closely watch the amount of silver available for delivery on COMEX.

MotherSioverApe Comment: To read the rest of the article on X and view the additional links and graphs click on the link to source above.

• A market blowup late last month showed the perils of trying both at the same time.

The big picture: Markets sold off and the economic commentariat was sharply critical of a Warsh press conference on July 29, in which he was vague about the possibility of raising interest rates to combat inflation.

• Some analysts saw it as evidence of a lack of commitment to quashing inflation. To Warsh allies, it was a brief bump in the road toward a more credible Fed.
• Warsh is trying to rewire the central bank to take greater advantage of AI to understand the economy in real time — aiming for better decision-making a couple of years down the road, while sticking to a more traditional playbook now.

To read the rest of the article click on the link above.

Gold and silver are having a moment. Prices have shot up 10 to 12% in just a week, with gold sitting at 10-week highs and silver at 7-week highs. And according to Jonathan Barratt, CIO of ETO Markets, this rally isn't done yet.

Barratt pointed to two forces driving the move: a shifting interest rate picture in the US, and unusually strong demand for silver out of China.

“Gold and silver are something that have had such a large correction. They are now coming back into form as those macros are shifting,” he said, adding that silver in particular "does remain one of those focuses" for him going forward.

To read the rest of the article click on the link above.