Silver Could Hit $70 | Florian Grummes
The Deep Dive Aug 19, 2026
Summary
Florian Grummes keeps his $70 silver target but warns the recent move was too fast, pulling in many weak-handed late buyers.
He prefers a steadier, pullback-driven climb so investors have time to build positions rather than chase.
Short term he stays bullish; the next test comes in autumn, especially September and October.
Florian Grummes's takeaways
- Top takeaway Grummes' price target for silver is $70, though he is now a bit skeptical after how fast the recent move has been
- He would prefer a slower, more sustainable, step-by-step advance that gives pullbacks and lets new buyers get on board
- He warns the rapid move likely pulled in late buyers, creating weak hands that could weigh on the market
- He remains bullish short-term and sees more upside, while watching how silver behaves into September and October