Peter Spina: Silver’s rally draws comparison to 1970s bull market peak

Peter Spina: Silver’s rally draws comparison to 1970s bull market peak
Silver rally compared with 1970s market

Silver Chartist compared the recent rally and pullback in silver to the precious metals bull market of the 1970s, noting that silver rose approximately 420% over the 27 months leading up to its interim peak in February 1974. Peter Spina, CEO of GoldSeek.com, reported the remarks and highlighted that Silver Chartist also examined silver’s performance in the 27 months preceding January’s peak.

Spina previously described silver as a strong buy at current prices, citing rising mining costs and an increase in all-in sustaining costs from $25–35 in recent reports (article). In a recent gold outlook, UBS maintained its $5,000 target for 2027, while a Reuters survey forecast a median price of $4,650 (article). These views come amid heightened attention to precious metals market dynamics.

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