Willem Middelkoop: Why $500 Silver is Possible as Comex Inventory Drops 30%
Willem Middelkoop: Why $500 Silver is Possible as Comex Inventory Drops 30%
Kitco News: 3-6-2026
Willem Middelkoop says the monetary reset is no longer a forecast. It is unfolding now.
Speaking with Kitco News at PDAC 2026, the Founder and CEO of Commodity Discovery Fund reiterated his aggressive silver outlook. “It was 2021 when I called for $100 silver,” he said. “Now I'm calling for $500 silver.”
Middelkoop argues that historical benchmarks still matter, noting the gold-silver ratio “traditionally has been one in 10 for over 2000 years,” while physical supply continues to tighten.
He added, “If you look at the silver production in Peru, it's down 40% over the last five years.” Beyond price targets, Middelkoop believes the global financial order is shifting east.
“The price discovery mechanism for gold and silver is moving from Chicago to Shanghai,” he said, adding, “I think this is Bretton Woods 3.0.”
He warned that “the next crisis could be a sovereign debt crisis,” but maintains that despite volatility and geopolitical tension, “We are just starting.”
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