International investor Nick Giambruno is interested in silver for only one reason – It can deliver explosive upside during periods of monetary stress.
We are fast approaching such a period and the best way to capitalize isn’t through bullion, but rather a tiny “Silver Spike” Stock.
The Teaser
It’s no coincidence that the words ‘silver’ and ‘money’ are linguistically the same in 14 languages.
A prodigy of Doug Casey and the founder of The Financial Underground, Nick Giambruno has built his reputation on one unique skill: Identifying major investment trends before they go mainstream.
To this end, we have covered his #1 Gold Stock for QE Infinity and #1 Bitcoin Stock to make 75x our money.
On the face of things, Nick is late to the silver party.
Late 2025/early 2026’s record surge saw the price of a silver ounce touch $116, before falling back to the $60 dollar range.
The ongoing supply deficit that is now in its sixth consecutive year and increased industrial demand, which remain firmly in place, are cited as reasons for the big upswing.
As a primarily industrial metal, this is what should be driving the price.
However, as a market roughly one-tenth the size of the gold market, it doesn’t take much to overwhelm it, triggering sharp price spikes.
This is what Nick’s thesis is banking on, calling silver:
An industrial metal with a call option on inflation and monetary chaos
It’s that latter part that is going to drive the price of silver to new highs and Nick has found a way to play it for even greater gains.
The Pitch
Nick lays out the opportunity in a new report, “Silver Spike – The Tiny Stock Set To Soar.”
It’s included in a subscription to the Financial Underground: SPECULATOR newsletter.
This would set us back $1,799 per year, but it does come with several bonus reports, access to a model portfolio, and a 30-day money-back guarantee (minus a $500 tire-kicker fee.)
The Case for $200 Silver
The fiat money has been printed, the warships have been mobilized, and the stage has been set for another inflationary explosion.
One that will be more severe than what we saw in the 1970s.
Those who were around back then or are students of history will remember that an oil price shock as a result of the Yom Kippur War in 73′ and the Iranian Revolution in 79′, respectively, was what sent official inflation soaring to 15%, according to official CPI statistics.
Naturally, this caused a flight to real assets, with investors and everyday consumers reaching for as much gold and silver as they could get their hands on.
The aggressive accumulation squeezed supply and helped drive silver from around $6 per ounce in the late 1970s to nearly $50 by 1980.
Fast forward to today and history is rhyming.
A ‘strategic operation’ in the Middle East has caused, arguably, the biggest energy shock ever, with prices hitting record highs around the world, while inflation is also creeping up.
Should a major flight to safe haven assets follow, $50 silver in 1980, when adjusted for inflation, would mean roughly $210 per ounce silver today. A 3.5x move from where prices currently sit.
The setup is in place and with silver demand already exceeding supply, an upswing could be even more violent.
Based on historical precedent, silver mining stocks stand to deliver even bigger gains, and Nick has identified a tiny pure-play silver stock perfectly positioned for a major bull run.
Nick Giambruno’s Silver Spike Stock
The big money hasn’t noticed it yet. But Nick says if silver moves the way he expects, this could change quickly.
We only got two clues about his top “silver spike” pick:
- It’s a small South American silver company.
- The stock is up more than 550% (no timeframe provided).
There are a few names loosely matching this description. However, the one that’s the closest fit is Santacruz Silver Mining Ltd. (Nasdaq: SZCM).
- Santacruz is a small-cap silver, lead, and zinc producer with the majority of its producing assets situated in Bolivia.
- The stock ran up by more than 550% in 2025.
Triple-Digit Silver Profits?
The economics of the metals market are structural, not speculative.
Earlier, we highlighted the structural silver shortfall, which is now on it’s sixth consecutive year.
To date, these have been mitigated by drawing from above-ground silver stockpiles, which themselves have been depleted by some 762 million ounces.
Based on the combined vault inventory of the major exchanges, which is the best measure we have, there are 1.32 billion troy ounces left. A tidy sum, but when one keeps in mind that the silver futures market already accounts for all of it and then some, around 5.6 paper ounces for every one ounce of registered inventory, the picture becomes clearer.
The projected deficit between silver demand and supply for this year is another 46.3 million ounces.
Another year, another drawdown, with no quick solution as silver production is expected to remain flat or slightly decrease for the year.
Add a touch of inflation and a dose of macro chaos into the mix and I’m confident in saying that the white metal will be worth more in the future than it is at present.
If silver miners continue to be the leveraged play on silver they have always been, producers could easily deliver triple-digit gains over the next few years.
Nick’s “silver spike” stock, Santacruz is a good, albeit not a great pick.
It’s underlying economics are decent, with an All-In Sustaining Cost (AISC) of $31.60 and a Price/NAV of about 4x.
However, the location of it’s producing and exploration assets, Bolivia and Mexico, respectively, are notoriously volatile mining jurisdictions known for nationalizations and extortion, which make me want to look elsewhere.
I like silver, silver producers, and personally own both, but I’m punting on Santacruz.
Quick Recap & Conclusion
- International investor Nick Giambruno is bullish on silver, but he thinks the best way to capitalize on it isn’t by owning bullion, but rather a tiny “Silver Spike” Stock.
- Nick makes the case for $200 silver based on a combination of rising industrial demand and as a flight to safety during monetary chaos.
- The opportunity and Nick’s pick are revealed in a new report, “Silver Spike – The Tiny Stock Set To Soar.” It comes included in a subscription to the Financial Underground: SPECULATOR newsletter, which would set us back $1,799 per year.
- Clues were more scarce than a tonne of silver, but based on what we know, a near perfect fit is Santacruz Silver Mining Ltd. (Nasdaq: SZCM).
- Santacruz is an emerging producer with decent underlying economics, but it’s assets sit in notoriously volatile mining jurisdictions (Bolivia and Mexico), so it’s a pass.
Do you own silver and silver miners as safe haven assets? Tell us in the comments.