Peter Krauth Silver Price Predictions

Peter Krauth: Silver Touches $70 as Physical Gold Demand Strains Vault Capacity

Money Metals · 28 Aug 2026 · Full interview

• Peter Krauth says silver remains modestly undervalued and could reach $80-$85 before the end of 2026, supported by monetary and industrial demand.
• He views $50 as a new floor for silver, barring a major black-swan event, after the metal held above its former record for months.
• Exchange inventories have fallen sharply since deficits began, suggesting consumers have been drawing down existing stocks rather than relying on new mine supply.
• Krauth argues reported deficits understate demand because silver entering ETFs is excluded; including ETF flows, last year’s deficit exceeded 300 million ounces.
• Solar, electric vehicles, artificial intelligence and data centers should keep industrial silver demand strong, even if some solar manufacturers shift toward copper.
• He considers substitution risks in solar overstated because copper is less efficient, requires costly factory changes and may produce shorter-lived panels.
• The program also highlights growing demand for allocated physical gold outside the banking system, with vault operators expanding capacity for wealthy clients.
• Krauth says geopolitical and energy-supply disruptions could accelerate solar, electrification and supply-chain investment, supporting silver demand and inflation.