Is silver going to To da moon? First Majestic CEO Keith Neumeyer is promoting the target of $100/ounce again. This guy has been shouting since 2017 when the silver price was only $17, and now it has surged to $44 (up over 50% this year).

Core logic: Silver production cannot keep up with demand (EV + solar energy is consuming silver like crazy), he said there is a shortage of 150-200 million ounces each year. But this guy is also quite a smooth talker—he once predicted that the silver price could soar to $1000/ounce.

Interestingly, more and more analysts are on his side. Some even say that $500 is not a dream. But where is the ceiling? The historical highest price was close to $50 (in the 70s). From the perspective of supply and demand ratio and the gold-silver ratio, $70-100 does have support, but it depends on whether the subsequent industrial demand can be maintained.

In a nutshell: Silver has been suppressed by gold for decades, but now it has a chance, though it will still wait for a catalyst at $100.