Eric Sepanek
SBC Founder
Eric Sepanek is the founder of Scottsdale Bullion & Coin, established in 2011. With extensive experience in the precious metals industry, he is dedicated to educating Americans on the wealth preservation power of gold and silver.
Silver is presenting investors with “a big opportunity” as the shiny metal sets up for 25% to 30% surge, according to Gautam Shah of Goldilocks Global Research. The analyst highlights silver’s relative strength compared to gold, as the narrowing price gap between the two signals growing bullish momentum for silver.
Notably, Shah views silver as a long-term investment, encouraging investors to take a “buy and hold” approach. His bullishness extends more broadly to the entire precious metals market, which could see a 15% yield.
Silver Poised to Reclaim All-Time Highs
In the first half of 2025, silver prices have surged by approximately 25%, breaking through the key $35 resistance level. So far, the “poor man’s gold” has kept pace with gold, even though it remains well below its all-time high.
According to Goldilocks Global Research, that could change soon. The firm’s projection of a 25% to 30% gain in silver could push prices into the $45–$46 range, bringing the metal within striking distance of its 2011 peak of $47.
“I see a very large move for about 25% to 30% on silver from current levels.”
A Falling Gold-to-Silver Ratio
Gold has captured much of the spotlight in the precious metals market over the past year with its record-breaking rally. However, silver is beginning to show relative strength. A key sign of this shift is the falling gold-to-silver ratio, which measures how many ounces of silver equal the value of one ounce of gold.
The ratio has declined from a recent high of 100:1 to around 90:1—a drop of roughly 10%. While this change is partly due to gold’s modest retreat from its $3,500 peak, it is largely driven by silver’s increasing momentum. In fact, the shiny metal outpaced gold’s June performance with an impressive 8% surge.
Precious Metals Shine Together
While silver may be flexing its relative gains against gold, the broader precious metals market is shining collectively. Gold remains near record highs despite its current consolidation, platinum has recently reached its highest level in over a decade, and palladium continues to show strength.
According to Shah, the entire market is expected to grow by another 15% in the near term, providing investors with additional upside potential and a hedge against increasing market volatility.
“We are extremely bullish on the metal stocks. I am looking at a 15% move on the metals index from these levels, something which I don’t see in most other sectors in the market.”
He pointed to the “China Plus One” strategy—global manufacturers’ efforts to diversify production beyond China by expanding into other countries—as a key driver. This shift is expected to significantly benefit non-ferrous metals like silver, which are widely used in industrial applications.
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