<\/p>\n
Silver\u2019s parabolic run toward $119 pits bubble warnings against structural deficits, with crypto traders watching for a classic blow-off or a lasting squeeze.<\/p>\n
<\/p>\n
Silver\u2019s vertical climb to a record $119 an ounce has lit up terminals\u2014and set off alarm bells from some of the market\u2019s most battle\u2011scarred veterans. The metal has surged more than 60% in January and roughly 275% over the past year, its strongest monthly run since the Hunt brothers\u2019 ill\u2011fated corner in 1979.<\/a>\u200b<\/p>\n Former JPMorgan chief strategist Marko Kolanovic is openly calling time on the party. He warns that silver is \u201calmost guaranteed to drop ~50% from these levels within a year or so,\u201d describing the move as a speculative blow\u2011off driven by \u201cmomentum buying and meme\u2011style trading behavior rather than durable fundamentals.\u201d Veteran trader Peter Brandt points out that \u201cnearly two years of world production traded on world exchanges\u2014over 1.5 billion ounces,\u201d the highest intensity of turnover since the day of the 2011 top.<\/a><\/p>\n Not everyone is running for the exits. Citigroup has hiked its near\u2011term target to $150 an ounce and characterizes silver as \u201cgold squared\u201d or \u201cgold on steroids,\u201d arguing that a mix of strong physical demand, speculative flows and thin liquidity can still drive prices higher. The iShares Silver Trust has already seen single\u2011session trading volumes approach $40 billion, nearly matching the SPDR S&P 500 ETF\u2014a sign of how aggressively retail and macro money have piled in.<\/a><\/p>\n Bulls insist this is not a rerun of 1980. The market has logged seven consecutive years of supply deficits, while industrial demand hit record highs in 2025. Solar manufacturing alone is expected to consume 120\u2013125 million ounces of silver in 2026, with electric vehicles adding 70\u201375 million ounces. China\u2019s move to reclassify silver as a strategic material\u2014and tighten export licenses from January 1\u2014has further squeezed available supply.<\/p>\n <\/p>\n Yet HSBC cautions that it is \u201cunlikely that silver has become a new safe\u2011haven asset,\u201d arguing that as prices \u201cbegan to catch up with gold, momentum took over and retail investors joined in.\u201d As Kolanovic notes, commodity bubbles \u201ccollide with physical reality\u201d as high prices crush industrial demand, accelerate recycling and incentivize hedged supply.<\/a><\/p>\n This parabolic move comes as digital assets continue to trade as the purest expression of macro risk appetite. Bitcoin (BTC) is hovering around $88,235, with a 24\u2011hour high near $90,476 and a low near $87,549, on roughly $32.8B in dollar volumes. Ethereum (ETH) changes hands close to $2,953, with about $23.4B in 24\u2011hour turnover and spot quotes clustered in the $4,500\u2013$4,600 band on major exchanges earlier this week. Solana trades around $192, up about 2.7% over the last 24 hours, with nearly $9.8B in volume.<\/a><\/p>\n For macro\u2011driven crypto traders, silver\u2019s behavior looks uncomfortably familiar: a scarce asset, real policy risk, and a retail\u2011fueled chase into ever\u2011thinner liquidity. The question now is whether silver\u2019s \u201cgold on steroids\u201d phase ends like a classic meme\u2011era blow\u2011off\u2014or whether this time, the industrial squeeze and strategic stockpiling prove strong enough to keep the bubble from bursting on schedule.<\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Silver\u2019s parabolic run toward $119 pits bubble warnings against structural deficits, with crypto traders watching for a classic blow-off or a lasting squeeze. Summary Silver has ripped over 60% this…<\/p>\n","protected":false},"author":1,"featured_media":20678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=20882"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20882\/revisions"}],"predecessor-version":[{"id":20883,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20882\/revisions\/20883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/20678"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=20882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=20882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=20882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}A Blow\u2011Off Top, Or \u201cGold On Steroids\u201d?<\/h2>\n
Structural Tightness Meets Bubble Risk<\/h2>\n
Crypto Markets Watching Closely<\/h2>\n