Today James Turk told King World News that as soon as the markets opened for trading silver bolted out of the gate!
Hi-Ho Silver
December 22 (King World News) – James Turk: As soon as the markets opened for trading today, Eric, silver bolted out of the gate. Same for gold, and both precious metals are now trading at new record highs.
New records aren’t a surprise. After all, the precious metals are in a bull market, and as the great newsletter writer Richard Russell used to say, “there is no bull market like a gold bull market.”
I was surprised though this morning by the soaring cost to borrow silver. Its backwardation is now putting the Mar’26 futures contract at a discount to spot silver.
That an arbitrage of this magnitude exists and no arbs are taking advantage of it are clear evidence of a huge market imbalance. The demand for physical silver far exceeds available supply.
So to bring supply and demand into balance, it looks to me that higher silver prices are in the cards. Gold too, which this chart shows is breaking out to the upside after prices have been consolidating.
KING WORLD NEWS NOTE: Gold Prices Just Broke Out On The Upside Once Again After Consolidating
This chart shows that technical patterns don’t always work like you expect. Gold went sideways last June from a similar triangle pattern.
But this time, the upside breakout is significant given the Federal Reserve’s new QE announcement about buying T-bills to help finance the federal government’s huge budget deficits and at the same time keep banks looking solvent with this newly ‘printed’ liquidity.
The gold/silver ratio is 64. That’s still abnormally high. So I expect silver to continue to outperform gold going forward as the ratio drops toward 30, and eventually even lower than that.
2026: Prins Predicts $6,000 Gold But Says Silver Will Be The Big Surprise
To listen to Nomi Prins discuss her price predictions for gold, silver, mining stocks and much more by CLICKING HERE OR ON THE IMAGE BELOW.
Just Released!
To listen to Alasdair Macleod discuss the soaring price of silver as well as the action in gold and the mining stocks CLICK HERE OR ON THE MAGE BELOW.
ALSO JUST RELEASED!
Nomi Prins – Expect $6,000 Gold In 2026 But Silver Will Be The Big Surprise CLICK HERE.
Silver & Gold Hit All-Time Highs. Take A Look At What’s Propelling Prices To Record Levels CLICK HERE.
Look At This Year End Price Target For Silver CLICK HERE.
Look At This Shocking Inflation Over The Last 5 Years CLICK HERE.
Look At This Jaw-Dropping Setup For Silver & Gold CLICK HERE.
Silver Futures Hit $67 All-Time High As Gold Closes In On Record High CLICK HERE.
This Will Send Gold & Silver Mining Stocks Screaming Higher CLICK HERE.
This Sums Up The Situation In The Silver Market Beautifully CLICK HERE.
ECONOMY IMPLODING: More Than A Million Layoffs In America CLICK HERE.
This Is All That Needs To Be Said About The Recent Gold & Silver Trading Action CLICK HERE.
This Is Why The Price Of Silver Is Poised To Skyrocket CLICK HERE.
Michael Oliver – Historic Breakouts Will Now Send Gold & Silver Prices To Levels That Will Shock The World! CLICK HERE.
© 2025 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.
