US Dollar Collapse Will Drive Silver Prices Higher
VRIC Media Jun 18, 2026
Summary
Silver's breakout reflects its monetary role: it moves with gold, not the broad commodity index, as fiat money decays.
Multi-decade range breakouts in copper and lead are the guest's analogy for silver escaping its 50-year range and repricing rapidly.
The guest argues paper-market and manipulation stories are noise; money-supply growth from bond-saving money printing is the real driver.
Long-term trend momentum for silver and gold remains intact; only intermediate factors broke in the January-February collapse.
Recent lows look like a flush, with intermediate momentum close to turning positive and rejoining the long-term uptrend.
Michael Oliver's takeaways
- Top takeaway Oliver argues silver is money, not just an industrial metal, and that the ongoing decay of the fiat money unit — not futures activity, supply-demand stories, or COT/COMEX metrics — is the real driver of its move.
- He says silver broke out relative to gold last November over a 10-year range, and that by analogy with copper's and lead's multi-decade range breakouts (each quadrupling within several quarters), silver could reach $300-$500 rapidly, with the move into that zone possibly starting within a handful of months.
- On momentum, he notes the January-February collapse broke only intermediate trend factors while long-term annual momentum (vs. a 36-month average) stayed positive, and the past five-plus months of sideways price action above the February low ($64 in silver) is a healing process.
- He believes this week's action was probably the flush low in the monetary metals, with miners and silver reversing back above broken lows, and expects a little follow-through to trigger intermediate momentum factors turning positive — at which point his service will 'pound the table' that the rally is the breakout.
- He contends trying to trade double-digit shakeouts since 2015 cost investors money, since re-entry typically came at higher prices, and the investment-grade decision to stay long silver and gold was never upset.