$80 Silver Price Forecast

Silver Elephant Mining Corp., (TSX: ELEF, OTCQX: SILEF), is a premier silver mining company listed on the Toronto Stock Exchange with approximately 25.5 million shares outstanding. The company’s flagship Pulacayo silver project in Bolivia is one of the world’s largest with an estimated 107 million ounce Indicated silver resource. Pulacayo has received over $40 million in investment in recent years. John Lee is CEO and Executive Chairman of Silver Elephant Mining Corp. Mr. Lee specializes in mining M&A and has raised over $150 million through the TSX and TSX Venture Exchange for junior companies since 2009. Mr. Lee identified, negotiated and financed Lynn Lake nickel acquisition in 2009, Ulaan Ovoo coal in 2010, Wellgreen nickel-pgm in 2011, Shakespeare nickel-pgm in 2012, Pulacayo silver in 2015, Gibellini vanadium in 2017, Bisoni vanadium in 2020, and Minago nickel-pgm in 2021. Mr. Lee is a CFA charter holder and graduated from Rice University with bachelor’s degrees in Economics and Engineering (with honors).

Silver and gold rock this morning on poor market conditions. Regional bank stocks have plunged this morning. Pacwest Bancorp down 29%, Western Alliance Bank down 25% and Metropolitan bank is down 25%. People are seeing that silver and physical gold is a safe haven to store their wealth as banks continue to struggle in these trying times. can silver really hit $80 dollars per ounce.? With the economy appearing to be in shambles it’s definitely possible, though nothing is for certain. There seems to be a Ebe and flow between going back to the gold standard and creating an entirely new system using blockchain technology and cryptocurrencies like Bitcoin. With that being said it will be interesting to see how these events unfold as well as new events down the road.