Silver had a solid week. The price pumped from local lows near $64 to $70 at press time. That move brought some fresh attention to the white metal, but one trader says the real story is still unfolding.
Christian Klein, a commodity trader who documented his silver trades on social media, shared his take. Back in 2024, when silver traded around $25, he and a wealthy friend studied the industrial supply and demand picture. They saw critically tight supply against growing demand, especially from solar power—each panel uses about 20 grams of silver. They went long.
Klein sold his leveraged positions when silver ran between $92 and $101. He documented those exits in real time. The move to take profits was not because he turned bearish. Volatility had exploded, with the silver price hitting $111 briefly. He stepped aside from leveraged bets but kept his bullish conviction.
His friend, however, turned bearish when silver surged past $90 while crude oil stayed near $60. The friend argued that silver had become too expensive relative to solar panel economics. Klein disagreed then, and he disagrees now.
Fast forward to today. Crude oil is flirting with $100. Silver sits below $70.
Klein laid out his logic in a post. “With crude exploding higher, isn’t it logical that demand for solar energy will accelerate significantly? If that happens, higher oil prices should also allow solar panel prices to rise comfortably, giving silver substantial room to move higher.”
He also noted that he remains strongly bullish on both gold and silver from a monetary perspective. The industrial case is just one piece of the puzzle.
For Klein, the drop from $100 to $70 did not break the fundamentals. It made them stronger. Higher oil prices push more investment into solar. Solar needs silver. And with panel prices able to rise because energy costs are up, the old argument that silver is “too expensive” for solar no longer holds.
Silver just closed a strong week. Klein says the real bargain is sitting right here.
Read also: Silver Price Prediction: Nearly 50% Pullback From the Peak, So What’s Next?
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