The David Lin Report Silver Going To $200: CEO Says Market Is 'Just Getting Started' | Michael Williams
Feb 12, 2026
Michael Williams, Executive Chair and founder of Aftermath Silver, is a mining entrepreneur focused on polymetallic projects in Peru and Chile. He discusses why silver could soar to $80–$200, how industrial demand and AI/solar shift uses, the open-pit Baranguila deposit strategy, manganese’s battery role, and how juniors can deliver leveraged upside through drilling and development.
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Demand And Short Covering Fuel Rallies
- Williams argues short-covering and a realignment of the gold-silver ratio can trigger a big rally.
- He notes industrial demand (solar, electrification, AI) now consumes about 65% of silver.
Polymetallic Value Beyond Silver
- Baranguila is polymetallic with large silver, copper and manganese components that diversify value.
- High-purity manganese sulfate from the deposit could target EV battery cathode markets.
Know Production Incentive Levels
- Michael Williams suggests production incentives fall below roughly $30–$35 silver for many producers.
- He also states industry all-in sustaining costs average around $20–$22 per ounce today.