This is HUGE! I'm Changing my Entire Price Prediction for Gold & Silver After This - Peter Krauth

Well-known figure Keith Neumeyer, CEO of First Majestic Silver, believes the white metal could climb even further to hit the 100 dollars. Neumeyer mentions the deficits in the silver market as contributing to a coming increase in silver prices.
Distinguished financial analyst and the Great Silver Bull Editor Peter Krauth challenges Keith Neumeyer's assertion of 100 dollars silver, proposing that the price could surge beyond that mark, aiming for a much higher target. Regarding his projection for the future price of silver, Krauth explains that this price could be reached during a mania phase driven by intense demand and fear of missing out, similar to the surges seen in 1980 and 2011.
Krauth's methodical approach, based on historical data and indicators like the gold-silver ratio, suggests a bullish outlook for silver. Assuming a future gold price of 5,000 dollars, he projects silver could reach approximately 300 dollars if the ratio returns to 15:1. Even with a more conservative 30:1 ratio and a gold price of 10,000 dollars, silver would hit much higher. The main reason for this sudden rise in silver prices is the gold and silver ratio. In other words, even with the recent rally in the silver price, the gold-silver ratio is still above the 20-year average and far above the average in the modern era. This indicates the price of silver still needs to increase by a sizeable amount to close the gap.
Additionally, Krauth factors in "true inflation" at 7-8%, adjusting the 1980 peak silver price of 50 dollars to a current value range of 240 to 360 dollars. Silver prices reached an eleven-year high on Monday, driven by economic data that has strengthened expectations for interest rate cuts by the US Federal Reserve. Recent inflation data has contributed to this bullish outlook for silver, with traders focusing on the Fed's upcoming policy meeting minutes for further guidance.
Despite ongoing structural deficits in the silver market, Peter Krauth notes that silver prices have remained relatively low. This discrepancy raises questions about where the silver is sourced, given the strong demand, especially from industries like solar energy, which have significantly increased their silver consumption. Silver production remained flat despite a nearly 20% increase in demand last year, according to data from The Silver Institute.
The global silver deficit is anticipated to increase by 17%, reaching 215.3 million ounces in 2024. This rise is attributed to a 2% growth in demand primarily driven by robust industrial consumption, coupled with a 1% decline in total supply, as the Silver Institute industry association reported.
Meanwhile, Krauth has observed a steady decrease in silver inventories in recent years, indicating a depletion of secondary supplies. He theorizes that large silver consumers may be purchasing long futures contracts and ETFs and then demanding physical delivery, potentially influencing market dynamics and capping silver prices.

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