Silver tumbles 16% in a week, but one billionaire investor still sees more upside

  • May 20, 2026
  • Posted by: EWGFX
  • Category: news
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After one of the strongest runs in the commodity market, silver is starting to wobble.

The white metal is now trading around US$73 an ounce, down almost 16% over the past 7 days. The pullback has taken some heat out of the rally, but it hasn’t changed how far silver has already moved.

Silver was trading around US$20 an ounce in 2022 before surging past US$120 an ounce earlier this year. Even after the latest fall, it remains at levels that would have looked extreme only a few years ago.

Nonetheless, billionaire resources investor Eric Sprott has a very different view.

According to The Australian, Sprott recently told Forbes he believes silver could easily climb to US$200, or even US$300 an ounce.

Sprott is a long-time precious metals investor who has been buying into the sector since the 1980s.

Forbes has estimated his fortune at about $8 billion.