Triple-Digit Silver Imminent? Critical Mineral, Backwardation & Remonetization | Mike Maloney

Huge huge news silver just set a high that is a high for the last 13 years 11 months and 10 days but by a couple of other measures it has set record highs and I'm talking the last 2,500 year all-time highs so I'm gonna show you that later but you know I have always said that it's going to be monetary demand that drives silver to the moon and we are destined for triple-digit silver silver and it's probably mid triple digits and that demand looks like it's happening right now central banks appear to be remonetizing silver so let's get into it first make gold great again big breaking Saudi central bank buys silver for half a century central banks only held gold Russia broke that trend last year with silver purchases few believed but here it is silver is being remonetized moving on the on the same day Hansa Cherny recognized that silver spot above futures is a warning signal now normally we're in something called contango where people pay a premium for delivery of silver out in the future when silver spot silver today goes above the price of the silver futures contracts that's backward ation and that is a rare and important signal the spot price be briefly traded at 3931 while September 2025 futures contracts stood lower at 3899 so this is a very important warning signal and here's what that looked like on those silver futures moving on Hansa Cherny again draft status silver has been added for the first time to the 2025 US draft list of critical minerals and Bob Coleman says the Department of the Interior released draft 2025 list of critical missing minerals guess who's on it and he published the list here and yes if you scroll down you will see that silver and this column says yes it's a byproduct of mining other metals zinc lead copper and gold what happens if there's an economic slowdown or some sort of crisis globally they slow down all the use of you don't make as many car batteries you don't make as much things with lead and you use a lot less copper to build homes and wiring and all of that this is where most of the silver comes from and so just as everybody wants it just as I predicted in my first book released back in 2008 and I reiterated in my last book released in 2023 that there's going to come a day where everybody wants silver but nobody is going to be using all of these byproducts so the supply goes away just as the demand is increasing moving on make gold great finally is officially listed critical mineral on draft 2025 Department of the Interior can I now suggest where it fits on their table and this is great we've got importance to energy and we've got supply risk and silver out of all of these different minerals that are listed as you know important or supply risk these silver is actually the most important one so make gold great is absolutely spot-on with that assessment and then I want to point out how small the silver market is right now this is insane so we've got one Amazon at 2.3 trillion dollars the value of the company versus all the silver ever mined throughout history at 2.1 trillion valued less than just Amazon now we we now with with central bank buying and with companies like Tesla and all of the solar companies and everybody who needs silver starting to realize that they need to lock in these lower prices every time silver goes down there's gonna be a big buyer coming in silver I believe now has a floor under it this is really really big and it's really important when it comes to silver deliveries these are the the contracts that are being delivered each one is 5,000 ounces I believe so the number of contracts this is what things normally looks like and then we had the kovat period where there were a lot of contracts being delivered and I want to see what this looks like next month because we're going to be seeing an enormous spike here I believe and I think that's just going to continue and continue for quite some time so as far as the commodities exchange goes you know we already know that they run a very lean operation with basically fractional reserve so all of the silver that has been we know I was tracking this earlier in the year all of the silver and gold flows around the world suddenly this is all this is coming back to haunt them again there's going to be more withdrawals then there is supply coming in and when you're running a fractional reserve scheme you know you can get you can get buried so sorry we've experienced force majeure here's some fiat instead so what happened let's take a look at some of the charts here silver reached an intraday high just three cents three pennies below 40 bucks today this is Friday night August 29th you can hear all of the little cokie frogs in the background here I've been assembling this ever since silver hit its high I've been assembling this video to go together so that all of these tabs but what you can see here the close was $39.74 the intraday high was $39.97 and so that this is a look at the entire bull market of this century and so now we just have this little area to surpass as far as fundamental as far as technical resistance this really isn't fundamental resistance because there is so little trading that went on there anybody that did buy and is still holding isn't going to let go of their silver they're not sellers so let's zoom up on some of this here is the the today's close and like I said the intraday was $39.97 and this is 2011 and the closest day to that there's this one day here there's your candlesticks so a thin tail like this is intraday trading it's not the close so sometime during during the day 13 years 11 months and 10 days ago silver traded above today's price but if you look at the number of closes where the fat part of the candle is the fat bar part intraday openings closes not part of the intraday trading what you see here is that you know this space is one month so there's like a month's worth of trading but you got to deduct the stuff that's below it so this is a little over one month this when you add it together the stuff that's above the line is only a couple of weeks and this is a little less than a month so you might have only two and a half months left of trading where people bought at higher prices maybe one or two of them is dumb enough to say oh well now I'm back up to even so I'll sell my silver when when it finally gets to the price where they bought in these areas now let's take a look this is something very interesting so this 24 25 so this is a quarter Lee chart and what you see here is we just did a breakout on the clothes we are above any of the closes back in 2011 very interesting I'm going to show you this in a couple of different formats so that you really get what is going on here because this is huge it really is huge I have been waiting for I first started buying silver in April of 23 April of 23 so I'm gonna go back to that long-term chart I'm talking about down here below five bucks I believe it was four dollars and thirty cents when I first started buying silver so I have been waiting for what is that 22 years that's why I'm so excited about all of these developments that are happening right now so if we go to an annual chart we've done another breakout this is the close and this is just intraday an intra-year trading during 2011 and so we have done another breakout but I'm going to go deeper on that these are candlesticks if I go to just a solid line that data is based on the clothes only so you don't get the noise okay so these are candlesticks again but today we equaled not the clothes but the open of 1980 this is 1979 each one of these is a fiscal year going back from this is August 29th so this is August 29th of last year is the close of this year and so on and so forth so they're fiscal years so this high here this is 1980 but this is the clothes way down here at $12.50 this is the the the hollow body candles are up candles where the open is at the bottom and the close is at the top the solid candles the open is at the top and the close is at the bottom you can see the giant cup and handle that I identified I don't know it's a year or more ago now a couple years ago we were making a cup and handle here and we did it in gold and I was tracking that and everybody was all excited but nobody you know it was a while before I took a look at a 50-year chart and I went oh my god we are developing a the handle of a cup and handle formation that has been developing over the past 45 years and this is suggesting silver in the in in triple digits and I believe that's where we're going now when you do the solid line this data is based on the clothes so this is monthly data and we've done a breakout we are now at the highest close in history monthly if we go to annual data another a huge breakout annually we are now at the highest close on both the now the other one wasn't monthly it was quarterly I'm sorry quarterly highest close in the last 2,500 years monthly highest close in the last 200 2,500 years and you can see this giant cup and handle however in a video that Alan and I did a few weeks ago Jason McNatt says that's not a cup and handle it's a beer Stein and I am going to celebrate when silver breaks that you know I'm on a closing baseline basis on stock charts it says that $49 and 45 cents was the high the intraday high on the Chicago Mercantile Exchange was 52 50 and so once this thing passes passes 50 bucks and it will and it's probably gonna do it soon then it's time to kick back and have a beer because I waiting 22 years for this I want to thank you for watching we'll see you next time invest and earn up to $2,000 in bonus silver at goldsilver.com it's easy step 1 open any gold silver storage account excluding IRAs step 2 purchase your precious metals step 3 get up to $2,000 in bonus silver dropped straight into your vault visit goldsilver.com slash free silver to claim your silver