Is the recent 7% drop in silver a warning sign, or the final shakeout before a massive repricing? Kitco News Senior Anchor Jeremy Szafron sits down with Michael Oliver, founder of Momentum Structural Analysis, to break down why his $300 to $500 silver target remains intact despite hot U.S. jobs data and a shift in Fed rate expectations. Oliver unpacks his long-term momentum charts, detailing how silver was "caught in a box" for 50 years and why it is now poised to enter a new price reality. He also warns of a brewing government bond crisis, a potential landmine for the S&P 500 below the 7,000 level, and why silver miners are positioned to outrun the metal itself.
Recorded June 5 2026
Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow Michael Oliver on X: @Oliver_MSA (https://x.com/Oliver_MSA)
Michael Oliver’s website for more information: (https://www.olivermsa.com/)
Chapters: 00:00 Silver Selloff Sets the Stage 01:03 Jobs Report Sparks the Drop 01:49 Why the Fed is Irrelevant to Metals 03:58 Momentum Signals Over Price 05:22 Six Months of Market Shakeouts 07:55 Breakout Triggers and Key Levels 10:45 Was Silver Mispriced for 50 Years? 15:04 The $500 Silver Target 18:11 Bond Crisis and Debt Monetization 24:35 Gold vs. Silver: The Beta Play 27:05 Investor Timing and Entry Points 28:41 The S&P 500 Top Setup 29:59 Breakout Then Breakdown 32:35 S&P 500 Landmine Below 7,000 34:57 Credit Cracks are Showing 38:16 The Rotation Into Gold 39:13 Paper vs. Physical Silver Markets 41:38 Why Conventional Wall Street Models Miss 43:13 Silver's "Tantrum" Signals 45:34 Miners' Breakout Trigger 49:56 The Exit Strategy and New Reality 54:00 Closing Thoughts
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Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
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