And when you take a look at where silver trades to gold, which is still flirting near record highs, it would have to triple to get to where gold was in relative terms at the peak back in January 1980 (gold was trading near $740/oz – more than 30% below where it is today – when silver was trading at its record peak back in January 1980 at $45/oz). Relative to oil, silver could surge 4x from here and it still wouldn’t match the prior high in this relationship over three decades ago.

Yet of course, no mention at all of the illegal concentrated short position in silver by JP Morgan that is the primary driver of this 4x underperformance. No.....that would require an analytical leap that most mainstream commentators just don't have the mental capacity to make.

stateside