Silver's current advancing move during the 'Rate-Cut Period' is just the warm-up. Historically, silver really puts on its shine in what we call the 'QE Period' since it gets increasing demand from both the industrial and investment sides.

For example, during the 2008 cycle, the silver/gold ratio increased only around ~15% during the Rate-Cut Period whereas during the QE Period, the ratio increased by ~165%. A similar characteristic can be shown in the 2020 interest rate cycle.

However, to get from the 'Rate-Cut Period' to the 'QE Period' typically involves a significant washout. So timing the cycle is important.