Silver Could Reach $100 Ounce: Undervalued by Geological Ratios and Technical Analysis

28 days ago

Andy Schectman

"Now I want to tell you from a standpoint non-biased you take a 45-year cup and handle [snorts] technical analysis would say the following. When you have the top of the cup at 50 bucks in 1980 and the bottom of the cup at about four bucks in the early 90s, the difference between the two is $46. You add it to the top of the cup when it breaks through, 50 + 46 is $96. That would be technically before you would even re-evaluate where the cup and handle formation would say you're going. I think, and I hate making price predictions, but I will tell you a $100 silver to me is still undervalued. And it is undervalued geologically, mathematically, and from a standpoint of a depleting asset that has plurality in uses."

Andy Schectman provides a macro-level analysis suggesting that silver is undervalued based on longstanding geological ratios and a cup and handle technical formation. He calculates that with gold at around 4300, the inherent value of silver should be near $102 per ounce. Despite hesitancy in price predictions, his reasoning supports a bullish outlook on silver potentially reaching $100, driven by its scarcity and multi-faceted utility.

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