SILVER PRICE PREDICTIONS REACH THE STRATOSPHERE

WILL AN OUNCE OF SILVER SOAR TO $240?

- BY MIKE FULJENZ

Silver is up over 35 percent as of July 22, 2025.

Two weeks before that, a COMEX (commodity exchange) executive predicted silver could rise at least fourfold in the next few years. I am skeptical of predictions of any huge price jumps as I prefer a solid, slowly rising bull market. However, his views are worth a listen.

On July 12, 2025, Michael Oliver, who once worked directly with the chairman of the COMEX during the bubble-like late-1970s bull market when silver hit an all-time record of $50, told King World News of his forecast. Oliver now predicts the price of silver will hit $160 to $240 an ounce. In explaining this super-high price, he said, "Silver is compensating for having been restrained for so long by forces that are trying to hold it back." He argued that silver has been under 2% of the price of gold for a long time, but if it returns to its historic 16:1 ratio to gold, silver would be over $200.

I would dispute any historic "natural ratio" of silver to gold, since the 16:1 ratio was set by government regulations and was heavily influenced by silver mining interests. Since both metals are now free to compete in the open market, the gold/silver ratio has been much higher.