The Re-Monetization of Silver in Real Time (Part 1)

Written by Bryan Lutz, Editor at Dollarcollapse.com:

The silver price has doubled over the last 2 months.

Demand for physical silver continues to grow while capital is also flowing into the silver paper market, and starting to leak into the minors. The money is coming from still overbought US equities.

Yet, charts from October could have predicted the parabola that is now the silver charts.

The updated Silver-to-S&P 500 ratio chart increasingly suggests the early stages of a major cycle where silver outperforms U.S. equities.
 
While many investors have been conditioned to expect the opposite, this chart highlights just how early we might be in a broader trend of… pic.twitter.com/ngwbCvGfRJ

— Otavio (Tavi) Costa (@TaviCosta) October 13, 2025

Two months later the silver price has doubled. And the same silver chart still look bullish as ever.

I can't think of a more bullish chart for Silver

Look at the last time Silver broke-out to, or was near an all-time high.

And look where the Silver/S&P 500 ratio was.

History rhymes. pic.twitter.com/bADTokqxW6

— Jordan Roy-Byrne CMT, MFTA ⛏⛏ (@TheDailyGold) December 5, 2025

Now silver is testing $70. Yes, the monetary order is changing. The US Dollar is on the decline, which many predict will soon be replaced by a new, gold-backed system. But the exponential silver price is telling a different story.

#Silver…Oh so close ! pic.twitter.com/VrrhFNNltU

— Peter Krauth (@peter_krauth) December 22, 2025

Demand for silver is pushing past the industrial commodity mark. Dave Morgan, a long time silver reporter, says that this is what re-monetization looks like. Silver is no longer an industrial metal. It is a monetary metal. While there are many silver bugs who have long declared silver to be money, the masses are only catching on. Morgan says that the silver price is no longer being driven by regular demand. He’s saying silver is being re-monetized. It is becoming money once more, and price is the signal. Although, the real signal, he says, is when silver continues to go parabolic. That’s because once silver is thought of as money by the masses, that’s when you’ll see near “infinite demand.”

More interest in silver is being driven by extremely high corporate interests. For example, according to Eric Yeung, Samsung is buying up interests in silver producers in Mexico. Interests that will allow them to ship silver from the mine, to the production mill, straight to their warehouses. Samsung and other Chinese manufacturers are buying up interests in silver producers because they’re making solid-state silver batteries.

Silver’s price is doing what it always does at inflection points: revealing a shift in collective belief before the headlines catch up. Industrial demand may have lit the fuse, but monetary demand is now driving the move. Silver’s price chart is reflecting that change in real time. If silver is truly being re-monetized, then what we’re seeing now may not be the end of the move, but the beginning of a repricing event.