In this video, we follow up from our last video in which we called for Gold to hit $4000 in 2024. Can Silver hit $100 in that scenario? It depends on the economic scenario.
If it is like the current one and stagflationary, the gold to silver ratio will not decline enough for Silver to hit $100. However, if there is a scenario of rising inflation expectations with a bit of growth, the gold silver ratio would decline. In that scenario Silver might be able to hit $100.
Whatever the case, we think Silver should hit $50 around the time Gold reaches $3000 and project a $70-$80 target in 2024.