Silver Price Near $100? Analyst Says This Is the Start of a Financial Crack-Up, Not a Bull Market

Silver prices pushing toward the $100 mark may look bullish at first glance, but not everyone is celebrating. Macro analyst known as “NoLimit” warned this week that the move higher in silver and gold could be signaling something far more serious than a normal commodities rally.

In a widely shared post, the analyst argued that what markets are seeing now is not a healthy supercycle, but growing stress in the global financial system. “This is not bullish,” he wrote, adding that similar conditions in the past were followed by sharp declines in equities.

Why the Rally Is Raising Red Flags

The core of the argument is simple. Investors are not buying gold and silver because they expect strong economic growth. They are buying because confidence in traditional assets is fading. The U.S. dollar is under pressure, bond yields are rising, and long-term faith in government debt appears to be weakening.

According to NoLimit, large players are exiting bonds aggressively. That selling pressure pushes yields higher and forces the Federal Reserve into a corner. If yields rise too far, the Fed may be forced to step in and buy its own debt to stabilize the market. Historically, that kind of intervention has meant more money creation.

That expectation alone is often enough to push hard assets higher.

Silver’s Strength Doesn’t Mean Stability

Silver’s rapid rise is important because it tends to move later and faster than gold. When the gold-to-silver ratio starts compressing, it usually signals rising stress rather than calm optimism. NoLimit believes silver still has room to run, but not for reasons investors should feel comfortable about.

“This is how crack-up booms start,” he warned, referring to periods when asset prices rise in nominal terms while purchasing power falls. In those environments, stocks, metals, and even real estate can move higher on paper, while everyday affordability gets worse.

There is a growing divide in how investors interpret this move. Some see silver near $100 as confirmation that inflation hedges are working. Others see it as a sign that capital is fleeing risk in search of anything tangible.

History supports both views, but it also shows that these phases tend to come with extreme volatility. During previous episodes of bond market stress, equities eventually struggled, even if they initially rallied.