Ole Hansen: Gold's Path to US$6,000, Silver's "Speculative Craze"
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Ole Hansen: Gold's Path to US$6,000, Silver's "Speculative Craze"
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Ole Hansen of Saxo Bank shares his thoughts on gold and silver, saying that while he believes US$6,000 per ounce is in the cards for gold in the next 12 months, silver supply and demand dynamics could dampen the white metal's prospects.
"If gold moves toward US$6,000, I would believe that ... silver at some point will struggle to keep up, and we'll see basically gold relatively outperform silver," he explained. Hansen also discusses his outlook for oil and copper.
This interview was filmed on February 18, 2026.
0:00 - Intro
0:18 - Where is gold in cycle?
3:10 - Gold price volatility
7:19 - Gold's next leg higher
8:42 - Silver speculative craze
13:38 - Silver price outlook
15:00 - Lunar New Year impact
18:00 - Is the bottom in for oil?
23:06 - Copper short vs. long term
25:59 - Commodities supercycle
27:36 - Outro
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