“Silver at $140: can it really happen” – Kitco #silver

TSI editor’s note: In a new article posted on Kitco, newsletter writer and former Merrill Lynch broker Stewart Thompson writes an interesting analysis of the reasons why he thinks the precious metals will be moving higher. On silver he argues, “Silver is a “must own” asset in an inflationary environment.  Using both 1970s inflation and Fibonacci analysis, it’s my contention that if inflation surges as gold moves towards $3000, silver could rally to about $140.  That’s a gold to silver ratio of about 20:1, akin to what was achieved at the peak of the action in 1980!”

Continue reading at: https://www.kitco.com/commentaries/2020-09-02/Silver-at-140-can-it-really-happen.html

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