Jasmine Birtles
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Is Silver Undervalued? Jasmine Thinks So!
Ruby Layram
17th Jun 2026
Silver doesn’t get nearly as much attention as gold.
When investors worry about inflation, market crashes or economic uncertainty, they usually rush towards gold. Silver often sits quietly in the background, overlooked by the mainstream investing world.
But Jasmine believes that could be a mistake. In fact, she thinks silver may be one of the most undervalued assets available to investors today. As she shared in her recent Instagram post.
Now, before we go any further, it’s important to stress that this is based on opinion. Nobody knows for certain where silver prices will go next. However, there are some fascinating arguments on both sides of the debate.
Why Jasmine Thinks Silver Is Undervalued
One of Jasmine’s biggest observations is surprisingly simple.
The market price of silver often appears lower than the price investors pay when buying physical silver.
As she recently pointed out: “You can look up the silver price online, but then try buying physical silver and you’ll quickly realise there’s a big difference between the paper price and what people are actually paying.”
If you’ve ever purchased silver coins or bars, you’ll know exactly what she means.
While the spot price might suggest silver is trading at one level, investors buying physical silver often pay significantly more once dealer premiums, manufacturing costs and demand are factored in.
For Jasmine, this raises an interesting question: If physical silver consistently commands a higher price, is the market truly valuing silver correctly?
Silver Isn’t Just a Precious Metal
Another reason Jasmine remains optimistic is silver’s growing importance in the modern economy.
Unlike gold, which is primarily used as a store of value and jewellery metal, silver has extensive industrial applications.
Silver is used in:
- Solar panels
- Electric vehicles
- Semiconductors
- Artificial intelligence infrastructure
- Electronics
- Medical equipment
- Telecommunications
In other words, silver isn’t just a precious metal. It’s also an industrial metal.
As the world becomes increasingly electrified and dependent on advanced technology, demand for silver could continue to grow.
This is one of the reasons many long-term silver bulls remain so enthusiastic.
Read our Silver price prediction for June 2026
The AI Boom Could Increase Demand
One trend that wasn’t on investors’ radars a few years ago is artificial intelligence.
Building AI systems requires vast amounts of infrastructure:
- Data centres
- Networking equipment
- Advanced semiconductors
- Power systems
Silver plays a role throughout many of these supply chains.
As governments and corporations invest billions into AI infrastructure, some analysts believe silver demand could benefit indirectly.
It’s not necessarily the primary AI investment opportunity, but it is one of the metals that could help make the entire ecosystem function.
The Gold-to-Silver Ratio
Silver enthusiasts often point to another metric: the gold-to-silver ratio.
This compares the price of gold with the price of silver.
Historically, there have been periods when silver has traded much closer to gold on a relative basis.
Today, many silver advocates argue that silver remains unusually cheap compared to gold.
If gold continues rising and silver eventually returns to more historic relationships, silver could have more room to appreciate.
Of course, history doesn’t guarantee future performance, but it’s one reason some investors view silver as a potential value opportunity.
What About Market Manipulation?
This is where things become more controversial.
Jasmine has long questioned whether silver prices fully reflect real-world supply and demand.
Some silver investors believe that futures markets and large financial institutions exert an outsized influence on pricing, resulting in silver trading below what they believe is its fair value.
There have been historical cases where financial institutions faced regulatory action relating to precious metals trading practices.
However, it’s important to separate proven misconduct from broader claims that silver prices are permanently suppressed.
While many investors genuinely believe silver is manipulated, there is no universal agreement on this issue within the investment community.
Personally, I think it’s more useful to focus on supply, demand and long-term fundamentals than on trying to prove or disprove manipulation theories.
The Case Against Silver
To present a balanced view, it’s worth examining why some investors disagree with Jasmine’s bullish outlook.
Silver Has Been “Undervalued” for Years
One common criticism is that silver bulls have been calling silver undervalued for decades.
While there have certainly been periods of strong performance, silver has not consistently delivered the explosive returns that some enthusiasts predicted.
Being undervalued is one thing.
Actually becoming properly valued is another.
Markets can remain irrational for far longer than investors expect.
Industrial Demand Can Be Cyclical
While silver benefits from industrial demand, that demand can fluctuate.
Economic slowdowns, recessions or reduced manufacturing activity can all impact silver consumption.
This means silver can sometimes behave differently from gold during periods of economic weakness.
Silver Is More Volatile Than Gold
Many investors are surprised by just how volatile silver can be.
The metal frequently experiences larger price swings than gold.
While this creates opportunities, it also increases risk.
Investors need to be comfortable with volatility if they’re going to hold silver over the long term.
How to Buy Silver
If you agree with Jasmine’s view and want exposure to silver, there are several ways to invest.
Physical Silver
Many investors prefer buying:
- Silver coins
- Silver bars
- Silver bullion
The advantage is that you directly own the metal.
The downside is that you’ll need to consider:
- Storage
- Insurance
- Dealer premiums
- BUY PHYSICAL SILVER
Silver ETFs
Silver ETFs provide exposure to silver prices without requiring investors to store physical metal.
Popular silver ETFs are available through most UK investment platforms.
Many investors find this the simplest option.
Silver Mining Stocks
Rather than buying silver itself, some investors buy shares in companies that mine silver.
Examples include:
- Pan American Silver
- First Majestic Silver
- Hecla Mining
Mining stocks can potentially deliver larger returns than silver itself, but they also carry company-specific risks.
So, Is Silver Undervalued?
Jasmine certainly thinks so.
Her argument centres around a combination of:
- Strong industrial demand
- Growing technology applications
- The gap between physical and paper prices
- Silver’s relationship with gold
- Long-term supply and demand dynamics
Sceptics, meanwhile, argue that silver’s current price already reflects these factors and that investors have been making similar bullish arguments for years.
The truth is that nobody knows for certain.
What we do know is that silver occupies a unique position in the investment world.
It’s both a precious metal and an industrial commodity.
That combination makes it unlike almost any other asset.
Whether that ultimately means it’s undervalued remains to be seen.
But if Jasmine is right, silver could be one of the most interesting assets to watch over the coming decade.
MoneyMagpie is not a financial adviser. This article contains opinion and commentary and should not be considered financial advice. Investments can go down as well as up, and you may get back less than you invest.
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