Shorting into 46-year breakout creates potential for silver rally, Peter Spina notes

Shorting into 46-year breakout creates potential for silver rally, Peter Spina notes
Gold to silver ratio signals buy zone

Peter Spina, Peter Spina, described the gold to silver ratio as being near a key support area, signaling that short positions at this level could set the stage for the next silver price rally. Spina indicated that a ratio near 80 is a "screaming buy" and labeled recent short sellers as "cannon fodder" for an upcoming move in the silver market.

Spina previously called silver a strong buy at current levels, citing limited downside and rising mining costs, with all-in sustaining costs seen increasing from $25–35 in recent analysis. Gold price forecasts have also drawn attention, as UBS reaffirmed its $5,000 target for 2027 while a Reuters survey placed the median outlook at $4,650, according to recent projections. The commentary aligns with ongoing market interest in precious metals pricing and margins.

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