Silver / USM1
Here we see how, despite silver appreciating greatly since 2019, because of the enormous increases in USM1 currency, silver is currently the cheapest in 60 years relative to the M1 Supply (now 18 trillion).
In the peaks of 1980 and 2011, where a nominal price of £50 was seen, if we correct that for the huge quantities of fiat currency printed, these adjusted prices were over $2000 and $800 respectively.
Silver is still getting cheaper to M1, yet if we see a spike to the top of the channel, that would be a $220+ ounce with todays M1. If this occurs in say a few years with M1 up >20%, we could see high $200 to $300.
In the peaks of 1980 and 2011, where a nominal price of £50 was seen, if we correct that for the huge quantities of fiat currency printed, these adjusted prices were over $2000 and $800 respectively.
Silver is still getting cheaper to M1, yet if we see a spike to the top of the channel, that would be a $220+ ounce with todays M1. If this occurs in say a few years with M1 up >20%, we could see high $200 to $300.
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