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Otavio (Tavi) Costa, portfolio manager at Crescat Capital, draws attention to the rising price of silver, which is approaching $70 per ounce.
Costa’s remarks suggest that such price levels were previously thought unlikely to return, indicating surprise at the renewed momentum in the silver market.
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Costa has previously observed a major monetary gap closing, highlighting gold’s enduring status as true money over credit in earlier commentary. In a separate note, he pointed to a significant divergence between copper and gold, suggesting that gold may need to catch up to copper’s performance as detailed in another report. These views frame his latest surprise at silver’s renewed momentum.