2025's Top Performer: Silver

Let's not get too cocky

Precious metals were the top performing asset class in 2025, with silver standing out as #1 gaining more than 145%. That’s amazing. All the silver stackers should give themselves a pat on the back right now. We were right to stack silver. Okay, so now what’s ahead for 2026?

What I’m hearing is silver’s going to blow past $500 easily this year. But let’s be honest: We silver stackers can be a bit optimistic. Maybe we can step back and make sure we don’t get too cocky.

The most bearish case I’m hearing right now is a retrace of $50. Remember that silver just broke above $50 about three months ago and fell back below $50 until it broke out again in late November? It’s worth repeating: The most bearish call I’m hearing is for silver’s price to go back to where it was a month and a half ago. And we’re seeing huge retail demand for silver. Coin shops are being wiped out of inventory. It seems to me there’s a wee bit of FOMO out there right now, which makes me cautious.