Dec 27, 2025

I recently heard that silver is rapidly gaining momentum and may soon enter what some experts are calling a “mania phase.” A veteran investor named Peter Krauth, who has tracked the silver market for over two decades, believes silver could eventually hit $300 an ounce. His outlook is based on ongoing supply deficits, rising industrial demand, and a declining gold-to-silver price ratio, which he expects to drop significantly from current levels.

This year alone, silver futures have surged by more than 150%, a rise Krauth attributes to a persistent structural supply deficit. Inventories in major exchange markets such as London, New York, and Shanghai have been steadily decreasing, creating scarcity that pushes prices higher. Demand from industrial sectors, especially solar panel manufacturing which heavily depends on silver, is intensifying this shortage further.

Krauth also emphasized the significance of the gold-to-silver ratio, which currently stands above 100 but historically tends to fall to around 15 during strong bull runs or mania phases. He believes it will take a few years to reach that level, but the combination of robust industrial demand, growing investment interest, and limited supply creates a strong foundation for an extended rally in silver prices.

Despite his optimism, Krauth warns that short-term price corrections are possible, advising investors to stay calm. He highlighted broader market factors such as a weaker U.S. dollar, inflation worries, and geopolitical uncertainties that generally support precious metals, with silver positioned to benefit the most. While some extremely high price targets above $1,000 an ounce might be unrealistic, the current trend puts silver in a very favorable spot.

Overall, silver appears to be one of the hottest investment themes heading into 2026, driven by fundamental supply-demand imbalances and shifting investor sentiment. This trend is likely to have important consequences for related stocks and ETFs connected to precious metals and industrial commodities in the years ahead.

Stay Well!