Three Moves to Make (Today) After the "Great Silver Massacre of 2026"

When it comes to silver, lots of folks flat out “got it wrong” over the last two years.

And when I say “lots of folks,” I really mean “most investors.”

They didn’t see the opportunity back in early 2024, when silver was cheap (in the low-$20 range). When the metal crossed $30 and moved into the $40s, they didn’t have faith that the rally was real. When silver blew past $50 and then into the $60s, they experienced that odd mix of excitement and fear — excitement over what they were seeing and fear that they were missing out. When it surged past $80, those folks finally jumped in; and they drove silver past $100, past $110 — all the way past $120 an ounce at the very end of January.

Then they got clobbered: Silver collapsed by a third over a couple of days. Their euphoria shifted to confusion … to fear … and to gloom.

As I said, that was “most investors.”

But not us.

And not you.

Remember my mention of early 2024, when silver was down around $22 an ounce?

That’s when we launched Stock Picker’s Corner (SPC). And when we rolled out our Model Portfolio a short time after, we made silver an inaugural recommendation. We saw it hitting $30 by the end of that year. We saw a big upside — as part of the much larger “Commodities Supply Shortfall” storyline — and we provided a comprehensive strategy: We said to buy the metal itself. And we shared the single-best “foundational” silver stock that you could buy and own for a long time.

As silver surged through 2024 (it crossed the $32 level that fall and ended the year at about $29), we boosted our outlook for 2025 — when the metal resumed its rally.

Now, I already told you how that story played out in late ’25 and in the first month of this year.

But I didn’t yet share the warning we issued. On Jan. 23 — the day silver punched through the $100 level — I told you folks that a reversal was possible; in fact, it was even likely.

But I also said that we were staying the course … continuing to play the long game.

As Wealth Builders, we (and you) have that luxury.

Silver continued its run for another week — and then endured that 35% shellacking. While “most investors” were panicking (probably because they were getting shredded in kind), we could afford to take a beat … take a breather … take a step back — because we were still sitting on a huge gain.

At its current price of $81.70, silver is up 260% from the $22.70 it was trading at when we first started talking with you — and 197% from our “official” Model Portfolio price of $27.48.

That’s right: A 197% to 260% gain since we launched SPC in early 2024. Think about that for a minute. If 11% is the historical average market return, you’ve packed 18-24 years of market gains into two – with a commodity.

And if you bought the silver stock we recommended — which we still like and see as a company every Wealth Builder should own — you’re sitting on a 169% windfall. And, long-term, we believe there’s more to come.

In today’s issue, I’ll spend a little bit of time explaining what happened – and tell you why I expected the possibility.

More importantly — since the financial markets are a “what-comes-next” organism — I’ll spin this forward … giving you things to watch for.

Anatomy of a Selloff

So what happened?

How could the so-called “white metal” get “white hot” — and then implode?

Silver’s parabolic rally in late December and through to the end of January — followed by a violent collapse — came down to two forces working together:

• Silver surged on emotion.

• And it crashed because of market mechanics.

The emotion part is FOMO 101.

Once silver got rolling and started grabbing headlines, the fear of missing out (FOMO) became a rampant infection.

Here’s where Wealth Builders like us excel.

In the low $20s, silver was still stuck in its “Stealth Phase” back at the start of 2024: Investors weren’t yet “aware,” weren’t all that interested and there weren’t any real “Triggers” to light the metal’s fuse.

The “masses” just didn’t see the huge opportunity.

That slowly changed in a very real “Econ 101” manner.

Inflationary fears, growing uncertainty on the global stage, the looming U.S. presidential election and a bunch of other nettlesome issues played right into silver’s allure as a “protective” asset.

But there’s also a “new growth” element — since half of silver’s demand comes from its industrial uses: Semiconductors, AI data centers, drones and other electric vehicles, missiles and munitions, water purification, solar panels and specialized coatings.

That put us well into the “Awareness Phase.”

Which brings us back to Econ 101.

When demand for any asset increases – but supply holds steady – the price of that asset will rise. But when demand increases and supply drops, prices skyrocket.

And as we tell folks as part of our “Long-Term Commodities Supply Shortfall” storyline, silver is one of the many critical minerals that are supply constrained.

Prices rose, then surged, then steepened — attracting investors like a big magnet attracts metal.

Welcome to the “Mania Phase.”

Here’s where the market mechanics came into play (on the upside).

You had:

• Retail “silver squeeze” enthusiasm (sorta like 2021).

• Momentum funds chasing the breakout.

• Shorts scrambling to “cover” (especially banks with large net short positions — more than 212 million ounces, according to the Commodities Futures Trading Commission (CFTC)).

• And storylines — like a China export shutdown — that fed into a “tight” physical‑market narrative.

All that put silver into hyperdrive — what some investment pros refer to as a “melt up” — which took the metal to an all-time high of $121.67.

Manias and melt-ups are examples of “market extremes.” And those extremes lead to reversals — which I prefer to talk about as “inflection points.”

Welcome to the “Blow-Off.”

And those blow-offs are as harsh as hell.

Here’s where the “plumbing” — the pipes that funnel money into (and out of) silver — come into play.

With silver soaring, prices swinging wildly, and risk in the derivatives slice of the silver market zooming, the CME Group CME 0.00%↑ delivered a series of rapid, aggressive margin increases, boosting the cash traders needed to hold futures positions.

Leverage cuts both ways.

When silver was soaring, traders could hold huge positions with relatively little cash needed to buy in — fueling speculative buying. When margin requirements were increased, the impact was brutal — and forced liquidations were rampant.

Silver plunged an estimated 31% on Jan. 31 on the COMEX (and as much as 38% on other exchanges).

There were other factors, too.

As I detailed a few weeks back, the U.S. Mint jacked up the retail prices for some special silver coins by almost 90% — and it did so virtually overnight.

Then there’s the U.S. dollar. Silver and the greenback have an inverse relationship — meaning they tend to move opposite each other. Silver zoomed late last year — as the dollar plunged.

But then each hit its “inflection point” — and reversed course.

I’m a contrarian investor by nature. And “inflection points” are opportunities.

If you see something ahead of a reversal — you buy it while it’s out of favor, before it gets “discovered” by everyone else — you can cash in big. Even after you get in shortly after the reversal, you’re in a good spot to cash in: Once everyone else discovers what you already saw, their buying (all that cash, or “liquidity”) will drive up the price of the stock or asset you already own.

This Contrarian mindset is doubly powerful for Wealth Builders: We get in early, Accumulate on pullbacks, play the long game — and win.

Here’s how we’re going to do it.

The “One” Silver Stock to Own (And Other Moves)

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