$100 Silver? Why Silver’s Setup Looks Stronger Than It Has in 40 Years

If gold is the headline, silver may be the sequel with the bigger box office.

In a recent interview covered by Yahoo Finance, veteran market watcher Peter Grandich argued that silver’s underlying case has not been this strong in four decades, and that triple‑digit prices are plausible if current trends continue.

He likened the Federal Reserve to the “Wizard of Oz,” projecting power behind a curtain but far less omnipotent when the curtain is pulled back.

Whether or not one agrees with his rhetoric, the market forces he highlights are worth examining because they converge on a single theme: silver’s risk‑reward looks unusually compelling.

Grandich’s macro backdrop starts with persistent deficits, an eventual drift toward easier money conditions, and credibility questions for central banks. In an environment where real yields soften and the dollar weakens, hard assets tend to attract capital.

Gold has already made a significant move. Historically, silver lags until it doesn’t, and when capital rotates into silver, the price appreciation can be swift because the market is smaller and more sensitive to incremental flows.

Plus, silver has a second engine that gold does not. It's both a precious metal and an essential industrial input. It's used in solar panels, EV components, semiconductors, medical devices, and high‑end electronics.

That dual identity matters. Investor demand rises when people want protection from inflation or policy uncertainty. Industrial demand rises with electrification, energy transition infrastructure, and continued digitization. Silver benefits from both.

At the same time, silver mining supply has not kept pace with these needs, which tightens the available float and can magnify price moves when investment demand increases.

One way to frame the opportunity is through the gold‑to‑silver ratio. The ratio measures how many ounces of silver are required to buy one ounce of gold. When this spread becomes unusually wide, it means silver is undervalued relative to gold.

Right now, the ration sits at about 86. And historically whenever the ratio gets that high, it always precedes a big move coming for silver.

We saw this pattern around the early 1990s recession, the early 2000s commodity upcycle, the post‑crisis period from 2008 to 2011, and the market dislocations of 2020.

Of course, no single indicator guarantees an outcome. But a persistently elevated ratio, paired with tight supply and steady industrial use, are creating the perfect environment for 3X-5X silver run.

Could silver reach $100? Grandich certainly thinks so, and his reasoning is sound.

If gold continues its run, silver will eventually make a move. And when it does, it will probably be a lot bigger and more sudden. The last secular spike for silver in 1980, when adjusted for inflation, would place an equivalent price far above today’s levels.

For retirement savers, the practical question is not whether to make an all‑or‑nothing bet on one price target. It's whether a measured allocation to silver, or a blend of gold and silver, can improve diversification against a weaking dollar and position you for strong gains.

And based on everything we're seeing, it definitely can. Even a modest allocation can change the risk‑return profile when silver catches up to gold, as long as you're positioned before that move happens.

At National Gold Group, we focus on direct and transparent ways to help you enter the market with the right position and timing. We can help you purchase one‑ounce silver rounds, bars, and sovereign coins for delivery with insured shipping. And we can get them for you at very low spreads compared to everywhere else on the market right now.

And for those seeking tax advantages inside your retirement account, you can rollover or transfer existing funds into a Precious Metals IRA for approved silver and gold products. We handle the logistics from start to finish, including custodial coordination and storage.

Either way - product selection, pricing, and delivery/storage are explained in plain language so you can maximize ounces per dollar and understand your options for liquidity and insurance.

If you are considering an allocation, these are the questions you should ask:

How much silver should you own relative to gold given your goals and timeline?

Which products offer the best balance of liquidity and premium?

What is the cleanest way to execute an IRA rollover if you decide to hold metals in a tax‑advantaged account?

What are your options for storage and delivery if you decide to purchase metals directly?

Our specialists can walk you through the tradeoffs, provide current pricing, and help you lock an order when you are ready.

The bottom line is simple. The combination of an elevated gold‑to‑silver ratio, tightening supply, and durable industrial demand has, in past cycles, set the stage for silver to outperform.

If you've been waiting for a window to add silver, this is one of the best times to make a move.