Veteran analyst Michael Oliver doubles down on bullish precious metals outlook

He expects that silver will have a ‘furious’ recovery this year and beyond

Rowan Dunne

Published

4 minutes ago

Certain seasoned market observers see silver and gold as a solid investment right now thanks to the ongoing debt crisis gripping many countries. High borrowing levels are raising new doubts about paper money and drawing steady interest toward these metals as reliable safe haven assets.

Michael Oliver has just restated this view in recent talks. He sees the current rise in gold and silver as only the start of a much bigger shift. Silver, he argues, should lead a sharp climb over the coming months to a year, with the move arriving quickly once it begins. Oliver thinks mining company shares, such as NevGold Corp (CVE: NAU) (OTCMKTS: NAUFF) (FRA: 5E50), look cheap next to the metals themselves after years of lagging behind.

The American analyst points to growing risks in government bonds as the main driver and notes that large investors are already shifting money into these shares, which could rise faster than the metals. He describes the wider situation as a historic crisis that will reshape major asset groups and prompt questions about central banks.

In an interview with MINING.COM, Oliver stated that silver in particular was poised for a “furious” recovery after the recent decline from its 2025 high.

“We’re about to see something out of the monetary metals and their miners that will blow your head off, that will take all those old patterns that you look at and just throw them in the can,” he exclaimed.

It should be noted, however, that Oliver previously said silver would reach US$200 to US$300 by this summer. It did not. He has acknowledged this call failed on both price and timing, even as he continues to argue that a much larger move still lies ahead.

His current outlook matches other well-known voices. Peter Schiff expects silver and gold to climb much higher as debt pressures force more money creation, with mining shares also set to reprice higher. Eric Sprott also continues to put heavy weight on both metals and the companies that produce them. He sees further gains ahead and views silver shares in particular as offering strong potential. Moreover, Peter Krauth stresses that the silver advance still has room to run after holding firm above key levels and that the related shares have likely begun a new upward phase as money starts to flow back in.

Several banks share a positive but milder view, especially on silver. Bank of America Corp (NYSE: BAC), Citigroup Inc (NYSE: C) (ETR: TRVC) and BMO Capital Markets forecast higher prices over the next year or so. Their targets stay more measured than those of the independent analysts, with averages in the mid-to-high range and some room for stronger scenarios if conditions tighten further.

Any cooler notes from banks or other observers tend to stress short-term caution rather than a deep drop. Most still see solid support from debt concerns and steady demand. Major price falls look unlikely in the current environment.