Silver has fallen almost 50% from its historic high of $121.62 an ounce, reached in January 2026.
For many investors, that looks like the end of the rally. But corrections like this have always been part of silver’s story.
Truth is:
Silver has never moved a straight line.
Its biggest advances have almost always been interrupted by sharp corrections.
But what makes this correction different?
One measure receives particular attention: the gold-to-silver ratio. It compares the price of gold with the price of silver. When the ratio falls, that means silver is outperforming gold.
The challenge is that most investors react to price. As the saying goes,
“The majority of people love buying high and selling low.”
Assets that have fallen out of favour attract little interest, while those making headlines quickly capture everyone’s attention.
We can see that pattern in the way many people look at gold. Its performance is often judged by starting the chart in 1980, when it reached $850 an ounce, while overlooking its rise from just $35 in 1971.
Silver deserves the same perspective. Despite this year’s correction, it has still more than doubled over the past few years. Looking only at the recent pullback overlooks the much larger move that came before it.
That becomes even more relevant today.
Stocks remain near record highs. Bonds continue to struggle with inflation. Governments around the world are carrying debts that become harder to repay every year.
At the same time, central banks continue to accumulate gold, and major financial institutions are recommending much larger allocations than they were only a few years ago.
Even JPMorgan CEO Jamie Dimon has warned investors to “brace yourself” for an economic hurricane.
So, “What should investors do with the rest of their portfolio?”
Gold should still make up the majority of a precious metals holding. But with the correction reaching over 50%, silver now deserves a larger allocation than before. That’s why Egon’s advice is to buy silver with both hands.
The path is unlikely to be smooth. But if the longer-term trend unfolds as expected, today’s prices may eventually look very different.
KEY INSIGHTS
00:00 – 01:18 | Silver’s correction creates opportunity
The recent pullback has strengthened the long-term case for silver despite its well-known volatility.
01:19 – 01:57 | Silver could outperform gold
A falling gold-to-silver ratio could allow silver to rise two to three times faster than gold.
01:58 – 03:46 | Most investors buy at the wrong time
Investors often ignore precious metals when prices are low and become interested only after strong rallies.
03:47 – 04:19 | Silver’s long-term case remains intact
Investment demand, industrial demand, and market fundamentals continue to support silver.
04:20 – 05:50 | Where else can investors turn?
Growing risks in stocks, bonds, debt, and paper currencies are strengthening the case for precious metals.
05:51 – 06:34 | Gold and silver protect wealth
Physical precious metals are presented as a way to preserve purchasing power through monetary uncertainty.
06:35 – 07:32 | Gold first, silver second
Gold remains the core holding, while silver offers greater upside for investors who can tolerate its volatility.
