The Massive Bull Market No One Is Talking About
Last week, we discussed the supply-and-demand imbalance in uranium.
Since then, many exchange-traded funds ("ETFs") that provide exposure to uranium are up by more than 10%. And we expect more gains to come.
Now, we want to point you to a promising supply-and-demand imbalance in another asset... one that should also result in much higher prices...
Silver.
This precious metal is an important part of a diversified portfolio and a fantastic "chaos hedge." When things in the world go haywire, you can always count on silver as a store of value.
In fact, silver has been used as money for longer and in more parts of the world than even gold. (The words for "silver" and "money" are identical in many languages, including French, Italian, Thai, and Gaelic.)
Plus, nowadays, silver would be easier and simpler to use as actual money than gold because it's not as expensive. If all hell were to break loose and the U.S. dollar was drastically debased, silver would be a better choice than gold for physical transactions.
On top of all that, silver has many real-world applications thanks to its unparalleled electrical conductivity... Today, it's essential for many of our technological needs, including solar energy, electronics, artificial intelligence, and electric vehicles. The solar industry alone consumes more than 200 million ounces of silver annually, accounting for about 20% of global silver demand.
In total, industrial demand for silver rose 4% from 2023 to 2024. That was the fourth consecutive year of higher demand.
Meanwhile, supply is limited.
According to the World Silver Survey 2025, mines will produce about 835 million ounces this year. Recycled silver will add another 193 million ounces. But this combined total will still leave an expected deficit of 118 million ounces.
That would make 2025 the fifth consecutive year of demand outpacing supply.
You see, silver mine production is down about 7% from 2016 levels. Take a look...
Silver prices are already starting to boom because of this setup...
They held steady around $25 an ounce from the second half of 2020 to early 2024. But since then, they've soared higher.
The metal is currently trading for around $44 an ounce...
Most folks would look at this chart and think they've missed the move up in silver. They'd think it's too late to profit from silver and that a downturn is likely in the near future.
But they would be wrong.
We believe silver is just at the beginning of a massive run higher.
While the supply-and-demand setup calls for higher prices, there's something else at work here, too... something that could make silver rocket past its previous high from 2011.
That something is called the "Mar-a-Lago Accord."
In essence, this is a monetary-reset strategy aiming to reduce the dollar's exchange rate by as much as 40% over the next few years. The goal of the accord is to devalue the dollar and rebalance global trade. And unlike past accords, this one is unfolding via hints – including policy signals, tariffs, and personnel moves – rather than a single signed document.
(The term comes from President Donald Trump's Mar-a-Lago estate... humorously suggesting that any new U.S. dollar agreement might be hashed out there, just as 1985's Plaza Accord was named after New York's Plaza Hotel.)
The Mar-a-Lago Accord will have a massive impact on your savings and your current investments. But there will also be tremendous winners from this movement... Silver will be one of them.
Again, we think we're only in the early innings of a bigger silver run.
If you haven't already, click here to watch Doc's presentation on the Mar-a-Lago Accord and learn what it means for your financial future.
And if you're already a Retirement Millionaire subscriber, click here to get the name of the best way to play the coming silver boom in Doc's report "How to Play Silver's Mar-a-Lago Mania."
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Here's to our health, wealth, and a great retirement,
Jeff Havenstein
September 24, 2025