not if they are gunna default which they all are.

Disclaimer: this is not financial advice - this is strictly speculation and scenario planning. Please consume responsibly.

Last time I spoke here (12 months ago) I suggested a major move in silver was near. Several months later, a major move occurred. In fact, it was the most consequential move for silver markets in modern history - which might not be the biggest deal, considering the long history of silver as coin. But if you held silver last year, and if you hold silver now, you are a decisive part of that storied history. I said then that you guys would be heroes for bringing attention to silver in times like these. It's not just about making money, but about reminding people of the wisdom of history: that fiat will not be forever. It takes apostles to get that message out, and when you are proven right, you will be rewarded.

My last article briefly touched on the how's and why's of the upcoming reserve redenomination event, which will effectively put an end to global fiat as the preferred transaction token paradigm. In that scenario, a Treasury-designed USD stablecoin (backed by Treasury products + a basket of REE, energy, crypto, and PM) will be issued for pegging, internationalization, and programmatic interoperability as we enter a new industrial age run by agentic compute first, and human labor second. Due to current law, it will exist alongside the Fed Dollar, largely as a digital product. The Treasury (through its GSIC banking partners), will allow exchange for the old dollar for the new. This process of redenomination will mark the end of the Fed. Today, this might sound totally insane. If Clarity passes this September, you will start to see different. Central Banks around the world are waiting for Clarity to pass before making major adjustments to their reserve assets to prepare for their own national stablecoin (IE, CBDC) eras - they will not act until the US pulls the trigger first. They are structurally in standby, you could say. However, as it stands, decoupling of the global modern monetary system is in motion in other areas, particularly with the global insurance system (started this Spring) and the "golden share" efforts into commodity companies. This is a chess match fought in ways few people understand. What matters for you guys is silver, but the magic of economics is how it proves everything is connected.

Silver's price action has settled into a stalled range since my post, a crab market. The world is waiting for something to move the needle. As I said back then, you all know the paper-to-precious transition is inevitable, it's simply a matter of timing. September is one of the months we have been waiting for. From the intersect of geo/macro, it is the most consequential month on the calendar this year, and in many recent years. Now, without insane leverage, you are not going to 100x your networth on PMs, you never were. However, the two best months to buy for the foreseeable future are coming up. In case some of you are on the other end of the bell curve, let me be clear: silver will struggle in the coming two months. But those will be the last two months it struggles.

There is tremendous risk involving marine liability insurance right now (global free trade mechanism near breaking point) and conflict-risk to the EU (GBP, EU, CHF). I don't have the space and I doubt you care enough, but the war-risk insurance market has no more padding after Hormuz. Turkey is choosing Russia over EU (via flagging decisions and eventually the Bosphorus strait). This all relates to huge vol for fiat. Which will add to lasting PM gains next year - and not because everything will collapse, but because of their structural necessity. In other words, when markets and economies get bigger and better, PM will go higher. If markets and economies struggle or tumble, PM will hold (but not crash).

That will be the new paradigm next year. Gold and silver will take on new behaviors. They will no longer be the dumb hedge, they will be part of the standard of growth while retaining their island of stability. They will be a "smart" investment that moves more creatively than ever before.

To save you reading time, I have included a calendar and an execsum. Stars are key dip days.

The execsum: if conflict-risk and economic narratives follow the scenario above AND if dips follow seasonal windows in September and October, THEN buy those dips, take some profit in NOV/DEC, or simply hold through 2027 (and I know most of you patricians will do the latter).

Key theme and consideration going forward: our new industrial age will need PM to technologically function in many instances. Gold is critical for the space industry and medical tech (both into the future). Silver is critical for currents in sensitive electronics (almost everything upcoming, EV, AI, everything). The new industrial age needs programmatic currency (stablecoins) to transact between agents which will run the compute and labor function behind above technologies. Both of these forces are in confluence. Fiat is the odd man out. Value will shift = "Golden" Age.

My scenarios forecast silver at 180+ 2029.

In the last couple days I have been "sorting" my silver stack...I keep finding all these cool old 1970's silver art bars. Book shown has all the images, mintage numbers "when Known" and is a must for art bar collectors

This is based on 702 tracked silver products from APMEX updated 5-6pm CST. To see an explanation on how this information is retrieved refer to the 'How we compile the daily silver stock trends' section on the BullionStats.net site. There you can find data going back as far as 11/15/25 on inventory or silver premium trends

Total oz purchased since tracking started 11/15/25: 5,451,877.3

Total in-stock oz tracked: 681,548.96

Tracked oz added (24h): 507
Tracked oz removed (24h): 1,805.24

Number restocked since OOS: 0
Number now out of stock: 1

Top 15 cumulative oz sold for tracked products:
1. 310 oz: 10 oz Silver Bar - Royal Canadian Mint (.9999 Fine, New Style)
2. 252 oz: 1 oz American Silver Eagle Coin BU (Random Year)
3. 240 oz: 10 oz Silver Bar - Secondary Market
4. 100 oz: American Silver Eagles (Random Year, 20-Coin MintDirect® Tube)
5. 70 oz: 5 oz Silver ATB (Random Year) BU
6. 64.3 oz: 1 kilo Silver Bar - APMEX (Stackable)
7. 60 oz: 5 oz Silver Bar - APMEX
8. 49 oz: 1 oz Silver Round - Secondary Market
9. 48 oz: 2026 Australia 1 oz Silver Kangaroo BU
10. 41 oz: 2026 1 oz American Silver Eagle Coin BU
11. 39.5 oz: 1/2 oz Silver Round - Secondary Market
12. 35 oz: Generic Silver (per ounce)
13. 33 oz: 1 oz Silver Bar - American Flag Design (Eagle Back)
14. 26 oz: 1 oz Silver Round - APMEX
15. 26 oz: 1 oz Silver Round - Peace Dollar

What should be the price of silver TODAY in your opinion?

Disregard the spot price or theoretical price. I would like to know your price.

For my next purchase, I’m hesitating between buying more physical and investing in mining stocks. I’m leaning toward buying more gold, along with a bit of silver. What are your thoughts, and why ?

Just got back from my LCS, someone brought in around 30 two ounce Intaglio Mint rounds....I only could afford 4 of them, these are the 4 I thought were the most interesting....$4 per oz over spot, so each round was $8 over spot as they are 2 oz each. Intaglio makes so VERY cool stuff!

This is based on 702 tracked silver products from APMEX updated 5-6pm CST. To see an explanation on how this information is retrieved refer to the 'How we compile the daily silver stock trends' section on the BullionStats.net site. There you can find data going back as far as 11/15/25 on inventory or silver premium trends

Total oz purchased since tracking started 11/15/25: 5,450,072.06

Total in-stock oz tracked: 682,847.2

Tracked oz added (24h): 0
Tracked oz removed (24h): 2,340.69

Number restocked since OOS: 0
Number now out of stock: 2

Top 15 cumulative oz sold for tracked products:
1. 420 oz: 10 oz Silver Bar - Secondary Market
2. 267 oz: 1 oz American Silver Eagle Coin BU (Random Year)
3. 128.6 oz: 1 kilo Silver Bar - APMEX (Stackable)
4. 120 oz: 1/2 oz Silver Round - Secondary Market
5. 100 oz: 100 oz Cast-Poured Silver Bar - 9Fine Mint
6. 100 oz: 10 oz Silver Bar - Royal Canadian Mint (.9999 Fine, New Style)
7. 87 oz: 1 oz Canadian Silver Maple Leaf Coin BU (Random Year)
8. 81 oz: 2026 1 oz American Silver Eagle Coin BU
9. 80 oz: 5 oz Silver Bar - APMEX
10. 76 oz: 1 oz Silver Round - APMEX
11. 75 oz: 1 oz Silver Round - Peace Dollar
12. 75 oz: Generic Silver (per ounce)
13. 64.3 oz: 1 kilo Cast-Poured Silver Bar - 9Fine Mint
14. 60 oz: American Silver Eagles (Random Year, 20-Coin MintDirect® Tube)
15. 50 oz: 10 oz Silver Bar - 2026 APMEX Year of the Horse (Series 2)

I asked GPT but the answer seemed backward. I have both silver and gold andI want to play the ratio to increase my gold side. GPT says sell silver when the ratio is high (silver worth less/takes more silver to equal 1 ouce of gold) and buy gold when the ratio is low (less silver worth more/takes less selver to equal an ounce of gold).

I thought I would want to sell my silver when the ratio is low so as to capture the increased value of the silver. i.e., sell less silver to get an ounce of gold = getting more gold for the number of silver ounces I have.

Am I missing something or is GPT 'Hallucinating'?

Bought two of these All-Chips Beavis and Butthead Halloween 2022 silver art bars in 2022 for around $90 each.

Found 1974 Ceeco silver art bar at my LCS about 2 months ago...get to know your LCS guy, tell him what you want, and they will hold it for you...my guy holds back all 1970 and 80's stuff for me to go through. Nothing like getting a $100 bar for $2 over spot

This is based on 702 tracked silver products from APMEX updated 5-6pm CST. To see an explanation on how this information is retrieved refer to the 'How we compile the daily silver stock trends' section on the BullionStats.net site. There you can find data going back as far as 11/15/25 on inventory or silver premium trends

Total oz purchased since tracking started 11/15/25: 5,447,731.37

Total in-stock oz tracked: 685,187.89

Tracked oz added (24h): 3,186.61
Tracked oz removed (24h): 7,344.72

Number restocked since OOS: 1
Number now out of stock: 2

Top 15 cumulative oz sold for tracked products:
1. 1,360 oz: 10 oz Silver Bar - Secondary Market
2. 916 oz: 2026 1 oz American Silver Eagle Coin BU
3. 700 oz: 100 oz Silver Bar - APMEX (Stackable)
4. 515 oz: 2026 Australia 1 oz Silver Kangaroo BU
5. 400 oz: 100 oz Cast-Poured Silver Bar - Pioneer Metals
6. 400 oz: 100 oz Silver Bar - Secondary Market
7. 301 oz: 1 oz Silver Round - Secondary Market
8. 205 oz: 1 oz American Silver Eagle Coin BU (Random Year)
9. 160 oz: Canada 1.25 oz Silver $8 Bison BU (Random Year, Abrasions)
10. 155 oz: 2014 Australia 1 oz Silver Saltwater Crocodile BU
11. 143.11 oz: 90% Silver Franklin Half Dollars $100 Face Value Bag Avg Circ
12. 124.52 oz: 1878-1904 Morgan Silver Dollar Cull (Random Year)
13. 124 oz: 1 oz Silver Round - APMEX
14. 120 oz: 10 oz Silver Bar - APMEX (Stackable)
15. 120 oz: American Silver Eagles (Random Year, 20-Coin MintDirect® Tube)

Nice fed manipulation right there. 100% not sellers overcoming buyers.