Silver to $106, What Gold’s Explosive Rally Could Mean for 2026
In this episode of Precious Metals Projections, I join Craig Hemke of Sprott Money to break down what the charts, cycles, and capital flows are signalling for gold, silver, and mining stocks as we move into 2026. Silver has broken out of a long consolidation phase, a type of move that historically can lead to powerful upside expansions, with technical projections reaching as high as $106 per ounce. Gold is also entering a critical phase, with momentum and structure pointing toward a potential advance into the $5,100 to $5,200 area if the trend continues to strengthen.
I explain the technical conditions behind this shift, including volatility expansion, trend confirmation, and the broader macro backdrop driving capital toward hard assets as equity markets begin to show topping behavior. The discussion also covers how the Best Asset Now framework measures relative strength across asset classes, where precious metals currently rank, and why historical cycles such as the Benner Cycle suggest 2026 could mark an important inflection point for both equities and precious metals.
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The topics Craig and I discussed include:
- 0:00 – Welcome to 2026: Precious Metals Projections
- 02:11 The Best Asset Now: Silver’s Surge
- 06:10 Gold’s Long-Term Trends and Short-Term Strategies
- 09:56 Mining Sector Insights: ETFs and Market Dynamics
- 16:09 Equities in 2026: Trends and Predictions
- 20:04 Navigating Market Cycles: Risks and Opportunities
Chris Vermeulen
Chief Investment Officer
TheTechnicalTraders.com
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