Group 1 - The core viewpoint of the news highlights the significant rise in silver prices, which have reached a historical high of $73.6 per ounce, while gold has also strengthened, surpassing $4500 per ounce, indicating a strong performance of silver relative to gold [1] - The gold-silver ratio has dropped over 32% this year, currently at 61.60, marking the lowest level since February 2014, which emphasizes the increasing strength of silver compared to gold [1] - Renowned economist Jim Rickards predicts a continuation of the bull market for metals, with potential explosive growth for gold and silver expected by 2026, driven by both traditional and non-traditional factors [2] Group 2 - Rickards notes that institutional demand from sovereign wealth funds and university endowments will significantly support gold prices, alongside geopolitical factors that encourage diversification into gold [2] - The recent surge in silver prices is attributed to the pressure for physical delivery, with a high ratio of "paper silver" to physical stock, which can lead to a rapid price increase [2] - Technical analysis indicates that gold is targeting $4520 with support at $4450, while silver is aiming for $73.80 with support at $70.20, reflecting a stable upward trend in both metals [3][4]

Group 1 - Spot silver opened high on Friday, breaking through $73 per ounce, reaching a new historical high of $73.6 per ounce, while spot gold returned above $4500 per ounce with a daily increase of over 0.5% [1] - The gold-silver ratio has dropped over 32% this year, currently reported at 61.60, marking a new low since February 2014 [1] Group 2 - Economist Jim Rickards predicts that the bull market for metals will continue, with explosive price movements for gold and silver expected in 2026 [3] - Traditional drivers of the current gold bull market, such as central bank demand and stagnant supply, are expected to remain effective in 2026, alongside new non-traditional factors that may push prices higher [3] - Increased demand from institutional investors, including sovereign wealth funds and endowment funds, may further elevate prices [3] Group 3 - Rickards suggests that countries holding large amounts of U.S. Treasury bonds may consider diversifying into gold due to geopolitical risks [6] - The recent surge in silver prices is attributed to the physical delivery market, with a ratio of "paper silver" to physical silver stock reaching 100:1 [6] - Rickards anticipates that gold prices could reach $10,000 by the end of 2026, with silver prices potentially looking towards $200 per ounce [6]