Peter Goodburn: Silver "Very Undervalued" vs. Gold — Price Targets and What's Next
Peter Goodburn of @Wavetrack discusses his outlook for gold and silver prices, saying silver is currently ""very undervalued.""
""It's going to be very difficult to really double your money in gold at these price levels — even after a correction, I think it will be difficult ... (but) I think US$70 (per ounce) is a very easy proposition for silver based on the gold-silver ratio,"" he said.
Goodburn also shared his outlook for gold stocks, suggesting they need to weather some softness before big gains come through.
""There are going to be some really exquisite trades to be made on the equities side, gold miners,"" he said. ""But I think we have to ease off a little bit now, because there's certainly downside risk in the next several months.""
❓ Is silver a better buy than gold right now? Tell us in the comments!
This interview was filmed on May 13, 2025.
#Investing #Gold #Silver
0:00 - Intro
0:18 - Peter's background and work
4:47 - Where is gold in the cycle?
9:10 - Upside and downside for gold
16:19 - Silver can ""easily"" hit US$70
19:50 - Gold stocks not yet a buy
24:41 - Broad stock market outlook
30:07 - Technicals vs. fundamentals
32:54 - Rare earths ETF potential
37:53 - Oil price to US$200 long term?
44:13 - Outro