Silver Selloff Tests $500 Target: Why Shorts Had "Better Cover" | Michael Oliver

Is the recent 7% drop in silver a warning sign, or the final shakeout before a massive repricing? Kitco News Senior Anchor Jeremy Szafron sits down with Michael Oliver, founder of Momentum Structural Analysis, to break down why his $300 to $500 silver target remains intact despite hot U.S. jobs data and a shift in Fed rate expectations. Oliver unpacks his long-term momentum charts, detailing how silver was "caught in a box" for 50 years and why it is now poised to enter a new price reality. He also warns of a brewing government bond crisis, a potential landmine for the S&P 500 below the 7,000 level, and why silver miners are positioned to outrun the metal itself.Recorded June 5 2026Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow Michael Oliver on X: @Oliver_MSA (https://x.com/Oliver_MSA)Michael Oliver’s website for more information: (https://www.olivermsa.com/)Chapters:00:00 Silver Selloff Sets the Stage01:03 Jobs Report Sparks the Drop01:49 Why the Fed is Irrelevant to Metals03:58 Momentum Signals Over Price05:22 Six Months of Market Shakeouts07:55 Breakout Triggers and Key Levels10:45 Was Silver Mispriced for 50 Years?15:04 The $500 Silver Target18:11 Bond Crisis and Debt Monetization24:35 Gold vs. Silver: The Beta Play27:05 Investor Timing and Entry Points28:41 The S&P 500 Top Setup29:59 Breakout Then Breakdown32:35 S&P 500 Landmine Below 7,00034:57 Credit Cracks are Showing38:16 The Rotation Into Gold39:13 Paper vs. Physical Silver Markets41:38 Why Conventional Wall Street Models Miss43:13 Silver's "Tantrum" Signals45:34 Miners' Breakout Trigger49:56 The Exit Strategy and New Reality54:00 Closing Thoughts #Silver #Gold #KitcoNews #Investing #StockMarket #Macro #MichaelOliver__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.