Has The Silver Boom Peaked Out? | Andy Schectman
Or do new record high prices lie ahead in 2026?
After hitting an all-time high of $83/oz in the futures market a week ago, silver has fallen down to $72/oz as of the time of this writing.
Did the silver price boom just peak?
Could we see a vicious plunge in price from here, as we did during the previous price peaks in 1980 and 2011?
Or, are things truly different this time? And are new record highs lying ahead in 2026?
In today’s livestream Andy Schectman, CEO of precious metals dealer Miles Franklin, joined us to share his thoughts as well as take live audience Q&A.
You can watch the replay below. But first an important reminder…
In celebration of silver’s run, Andy is kindly offering an exclusive discount to the Thoughtful Money audience:
While supplies last, he’s willing to sell us junk silver at $1.35 above spot.
NOTE: this is higher than his previous offer to sell at $1 below spot, due to the recent CME margin hikes.
If you’d like to take him up on this offer, or talk with him & his staff about any other questions/needs you have regarding buying or storing precious metals, just click on the button below and fill out the short form:
And to watch the replay of today’s livestream, click here or on the video below:
Adam’s Notes: Andy Schectman (recorded 1.4.26)
EXECUTIVE SUMMARY:
Silver Market Outlook: Andy Schectman believes silver has not peaked, viewing the recent 15% correction from $83/oz as a temporary shakeout driven by margin hikes and year-end selling, not the end of the bull run. He anticipates volatility but expects higher prices, potentially reaching triple digits, due to strong deliveries, institutional buying, and global supply constraints.
Supply and Demand Dynamics: Record deliveries on COMEX, China’s export restrictions, and classifications of silver as a critical mineral signal tightening supply.
