Gold And Silver Crash: I Just Bought $100K Of Physical Silver (Revealed)

Finance-Focused Summary

Market Sell-Off

Gareth Soloway describes a broad sell-off in precious metals, stocks, and Bitcoin. In the video, silver fell 5.86% to about $49 per ounce, while gold dropped roughly 3.5% to a multi-month low. He attributes Bitcoin’s decline partly to fallout from a Binance hack.

Soloway’s Purchases and Plan

Soloway says he bought $100,000 of physical silver after the price fell below $50. The purchase consisted of 10-ounce bars bought through Miles Franklin, and he says he plans to store the metal externally. He estimates his entry price at about $49.27 per ounce; with silver later trading near $49, he says the position was slightly underwater.

His stated plan is to add another $100,000 of physical silver for every $3–$4 decline, with the next potential purchase near $45.75. He has not yet bought physical gold. His initial buying area is around $3,500, potentially just above that level, with further purchases planned in tranches.

Soloway considers silver below $50 to be “on sale,” based on his chart analysis and his views on long-term dollar devaluation and de-dollarization. He says he cannot identify the exact bottom, so he prefers to scale in rather than make a single, all-at-once purchase.

Technical Analysis and Price Outlook

Soloway’s technical analysis framework includes:

• Identifying rising wedges and bear-flag breakdowns as signs of weakening momentum.
• Watching prior highs and pivot points for potential support. For silver, he highlights the 1980 high near $47+ and the 2011 high near $49+ as a support zone he calls the “crime scene.”
• Treating gold’s broken trend line and bear-flag pattern as downside signals, with the $3,500 pivot area as a potential support and buying zone.
• Using staged purchases to manage the risk of misjudging the bottom. Soloway says charts work about 70–80% of the time, while acknowledging a meaningful chance of error.

He expects a possible near-term rebound in silver toward $60–$65, though he allows that it could first fall to around $45. His longer-term estimate for silver— which he says is not based on research—is above $200 per ounce. He forecasts a future gold peak around $13,000, possibly near 2031.

Views on Precious Metals

Soloway argues that gold can fall despite its safe-haven role when investors who bought for quick gains panic and sell alongside other assets. He describes de-dollarization as a 20–30-year process, not a source of immediate returns, and compares gold’s temporary decline during the COVID market panic with its subsequent recovery.

Other levels and instruments mentioned include:

• Platinum: A major pivot and support area around $1,300.
• Palladium: Soloway says it has fallen back toward a support area near pre-rally levels.
• Swing trades: He sees potential short-term rebound opportunities in silver, platinum, and palladium, distinct from his long-term physical-metal accumulation.
• Older holdings: He says his average purchase prices are below $2,000 for gold and about $18 for silver.

Promotional and Risk Context

Soloway promotes his paid “Gareth’s Top Squad” membership for $10 per month and advertises discounts on Verified Investing and Swing Trade Alert services. He directs viewers to Miles Franklin for discounted physical-metal premiums by mentioning Verified Investing or his name.

No explicit “not financial advice” disclaimer appears in the subtitles. Soloway’s price targets and trading views are his own opinions, and he acknowledges uncertainty about where the metals will bottom.

Presenters and Sources Mentioned

Gareth Soloway; Andy Schectman and Miles Franklin; Verified Investing; Swing Trade Alert.