This year silver has been on the greatest bull run that we have ever seen. It is up an astounding 166 percent since January 1st, and so those that purchased it long ago and stuck with it are really loving life right now. When the price of silver reached the 50 dollar mark earlier this year, I thought that it would be some time before it hit the 60 dollar mark. But of course the truth is that it didn’t take long at all.
Once the price of silver reached 60 dollars, I thought that it might hit 70 dollars some time in early 2026. If you check the latest numbers, you will see that we have easily blown past that threshold, and the price of silver has already surpassed 80 dollars in Shanghai. I know that I have been using the word “crazy” a lot lately, but without a doubt what we are witnessing at this moment is truly “crazy”.
So why is this happening?
In a previous article, I discussed factors such as the AI boom, strong industrial demand, new technologies and a spike in demand for physical silver in Asia.
But let’s step back for a moment and take a look at the bigger picture.
To me, it is not a coincidence that the price of silver is exploding at the exact same time that we are reaching the terminal phase of the largest global debt super cycle in history…
Global debt has climbed to an all-time high of $337.7 trillion by the end of the second quarter of 2025, according to the latest Global Debt Monitor from the Institute of International Finance (IIF). The first half of 2025 alone saw an increase of over $21 trillion, largely driven by accommodative financial conditions, a softer US dollar, and continued government borrowing.
This jump is comparable to the COVID-era debt explosion in 2020, when governments and corporations worldwide dramatically ramped up spending to tackle the pandemic.
This is the first time in world history that all of the major powers are facing a nightmarish debt crisis simultaneously.
As this 337.7 trillion dollar debt bubble bursts, it is going to be so important to have your money somewhere safe.
So it makes all the sense in the world that there is so much demand for silver right now.
Long-term bond yields have been surging all over the globe, and this is even happening in nations that were once considered to be “safe havens” such as Japan and Germany…
Long-term yields are rising sharply across many countries, including in Germany and Japan, which in the past used to be safe havens. That puts huge pressure on fiscally distressed countries like Italy and France and incentivizes short-termism. If the EU wants to become a geopolitical player, it can’t allow high-debt countries to dictate foreign policy. This has to stop.
Meanwhile, fiat currencies are rapidly losing value, and that has particularly been true for the U.S. dollar…
The U.S. dollar was on the back foot on Wednesday and set for its biggest yearly fall since 2017, possibly with more to come, as investors wagered the Federal Reserve would have room to cut rates further next year even as most of its peers look finished with easing.
Tuesday’s solid U.S. GDP reading failed to move the dial on the rate outlook, leaving investors pricing in roughly two more Fed cuts in 2026.
This has been a horrible year for the U.S. dollar.
That is one of the reasons why the purchasing power of your money doesn’t stretch as far as it once did.
For the year, the U.S. dollar index is down about 10 percent…
More below
The Islamic Revolution Guards Corps’ (IRGC) Intelligence Unit says Iran will consider the Israeli regime’s shelters “legitimate targets” if residential areas in the country come under attack.
In a post published on social media platform X on Tuesday, the IRGC said that any strikes on residential areas in Iran would give Iran’s armed forces the right to attack Israeli shelters in the occupied lands.
The IRGC stated that it has intelligence on the blueprints and the exact locations of these shelters.
Iran began its Operation True Promise 4 after the US and Israel launched their joint military aggression against the Islamic Republic in late February by assassinating Leader of the Islamic Revolution, Ayatollah Sayyed Ali Khamenei, and several senior Iranian officials.
In its latest wave of attacks, the IRGC said it rained down missiles on the Israeli regime’s “secure” intelligence facilities in Tel Aviv.
Iranian armed forces have also pounded American military bases and ...
In a fresh wave of retaliatory strikes, the Islamic Revolution Guards Corps (IRGC) targeted the Israeli regime’s “secure” intelligence facilities in Tel Aviv.
The IRGC’s Public Relations Department said in a statement on Tuesday that it had carried out the 79th wave of its ongoing retaliatory Operation True Promise 4 against the Israeli and American targets.
Deploying powerful Kheybar Shekan, Emad, and Sejjil missiles alongside IRGC Aerospace Force kamikaze drones, the operation successfully breached the regime's multi-layered air defense systems, the statement said.
The missiles, it stated, targeted Israel’s intelligence facilities in northern and central Tel Aviv, as well as military commercial and support centers in Ramat Gan and the Negev.
The missiles also hit Israel’s southern military logistics and command headquarters in Beersheba.
The missile strikes triggered widespread panic across Israel and forced the suspension of a Knesset (parliament) session on Tuesday.
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The Islamic Revolution Guards Corps (IRGC) announces staging the 78th wave of its underway retaliatory Operation True Promise 4, targeting such highly sensitive Israeli targets as Dimona, Tel Aviv, and Eilat as well as several US military bases in the region.
In a statement on Tuesday, the IRGC described the latest phase of the operation as a significant development featuring missiles raining down on enemy targets as the nation was leveling momentous support behind the Islamic Republic by attending millions-strong rallies with "clenched fists."
'A distinct record'
The latest phase, it noted, "has set a distinct record in the timeline of the war."
According to the statement, targets in the occupied port of Eilat, Dimona, a heavily fortified city that hosts the Israeli regime's notorious nuclear reactor in its vicinity, and northern Tel Aviv were struck using Emad and multi-warhead Qadr missile systems along with attack drones.
This was the second time the Corps was hitting Dimona, ...
