Elon’s Secret Trillion Dollar Silver Bet

Dear Friend –

Elon Musk wants to put 1 million satellites into space.

SpaceX has already asked the FCC for permission.

Every one of those satellites needs power.

And in space, there’s no grid to plug into.

So Elon is making his own.

He’s using a special kind of solar panel, printed with silver.

And he’s making those panels at secret factories his companies are quietly building in Texas…

…using only the vaguest terms to describe what they’re actually doing.

And there’s a good reason he’s trying to keep it hushed up…

At the scale he’s aiming for, his panels would need nearly half of all the silver mined on Earth…

Every year.

That could make him the biggest silver buyer on the planet.

And if you own that silver, you could get very rich.

In fact, I think it’s about to set off a bull run that could take silver from $60 today… to as high as $500 an ounce.

Elon has been desperately trying to hide this.

Search every filing SpaceX has made with the SEC.

You won’t find the word “silver.”

Not once.

But in January, a SpaceX team discreetly went to Korea…

To visit a maker of the silver paste SpaceX’s new satellite panels need.

SpaceX tried to keep the visit secret.

But the Korean business press leaked it.

I’ll show you what it said…

And what it reveals about the silver SpaceX is testing for its new solar cells.

I believe one American company is sitting on exactly what Elon needs.

Some of the richest silver in America.

I call it “Elon’s Secret Trillion Dollar Silver Bet.”

And I believe it could hand early investors gains of 1,000% or more… turning every $5,000 into $55,000…

Starting January 1st.

That’s when a deadline Congress set in stone tightens the squeeze on Chinese suppliers inside America’s solar factories.

I’m going to show you how to get in before it hits.

And why a special announcement Elon’s SpaceX made on October 8th means he’ll need even more silver…

I’ll come back to it.

Plus, Elon isn’t the only one who needs this silver.

Google, Jeff Bezos and a wave of startups are chasing what he’s chasing.

Time and again, when the world rushed for one material, the people who owned it early got rich.

When the world ran short of silicon in the 2000s, the company that made it rose 9,050%.

That’s enough to turn $5,000 into $457,500.

I believe it’s about to happen again with silver.

Potentially sending the metal’s price roaring past $500 an ounce.

But first, here’s what this is not.

It isn’t about buying SpaceX shares now that it’s public.

It isn’t about Tesla.

And it isn’t about stacking silver coins in a safe.

It’s about you owning the silver Elon needs while it’s still in the ground.

Before the big buying starts.

I’ll show you how to do it through shares of the company that owns the mine and the refinery.

They trade on the New York Stock Exchange, so you can buy them in any ordinary brokerage account.

Let me put it bluntly.

Elon needs almost half the silver the world mines each year.

And by one research firm’s count, nearly a quarter of the world’s traded silver comes from China.

America and China are still in a tariff war, paused only by a temporary truce.

That makes American silver the prize.

When silver climbs, every ounce still in that mine becomes worth more.

And the company’s own refinery could turn that ore into bars right here in America.

So the shares could take off long before that silver ever comes out of the ground.

And I believe the people who own it are about to get rich.

You could be one of them.

I’ll walk you through all of it today… right to the door of Elon’s Secret Trillion Dollar Silver Bet.

And I’ll show you what happened to the people who owned the last metals Elon went after.

Again and again, they made a fortune.

So who am I to tell you this?

My Name is Dylan Jovine.

I grew up on food stamps in Queens, New York.

Not exactly Wall Street pedigree.

But I had an edge.

My mentor was legendary banker Peter Jaquith. He helped save New York City from bankruptcy in the 1970s.

I became one of the youngest market makers in American history.

By 24, I’d launched my own brokerage firm at 100 Wall Street.

The big banks didn’t bankroll it.

My own clients did.

That independence lets me make controversial calls the mainstream media tried to bury.

I’ve spent the last 30 years in the trenches of Wall Street.

Today, more than 500,000 investors in 28 countries read my research.

And I’ve built my career on seeing a pattern before the crowd does.

I warned my subscribers about the financial crisis a full year before Lehman Brothers collapsed.

When the dust settled, I called the rebound.

My subscribers went on to gains like 459% on AutoNation and 646% on American Express.

And 700% on Starbucks.

In the summer of 2021, gold traded under $1,800 an ounce.

Wall Street couldn’t have cared less.

I told my subscribers to buy it.

This January, gold hit a record of nearly $5,600.

In 2022, I started warning publicly about China’s military and economic ambitions.

The Chinese Communist Party sent a woman to “talk to me” about it.

I didn’t flinch.

And I haven’t stopped.

I know how Washington works from the inside, too.

I’ve sat with President George W. Bush and Vice President Dick Cheney.

And I’ve met personally with Congressman Brett Guthrie, chairman of the House Energy and Commerce Committee.

But my most memorable calls were on companies at the center of a new technology.

Years before the crowd showed up.

I told my subscribers to buy Palantir at $7.38.

Wall Street wanted nothing to do with it.

The stock fell, and I told my subscribers to double down.

It fell again.

I published a special report pounding the table.

Palantir hit an intraday high of $207, a 2,712% gain.

I told them to buy Axon near $28.

It went on to gain roughly 3,000%.

And I told them to buy Rocket Lab at $3.80.

It went on to gain 3,800%.

Every one of those started the same way.

A new technology was about to change the world.

And almost nobody had found the company it couldn’t do without.

I’m showing you these for one reason.

I believe Elon’s Secret Trillion Dollar Silver Bet could top every one of them.

Because right now, we have the wealthiest man in the world… the most powerful corporations in the world… and the two most powerful nations in the world…

All fighting for silver.

Let me show you what I mean, starting with SpaceX’s own IPO filing.

What Elon Gets Paid to Do

In June, SpaceX filed its final IPO prospectus with the SEC.

Skip past the valuation.

Turn to the section on Elon’s pay.

If you want to know what a CEO is really chasing, look at what he gets paid to do.

SpaceX’s board promised Elon 1 billion shares.

He gets them in steps as SpaceX’s value climbs, all the way to $7.5 trillion.

But only if SpaceX also puts a permanent colony of at least 1 million people on Mars.

Then there’s a second award of about 302 million shares…

All those shares add up to a value of almost half a trillion dollars he’s eligible to get paid at SpaceX’s current price… and more than a trillion if it doubles.

But Elon doesn’t get a single one of those shares until SpaceX pulls off something no company has ever done.

It has everything to do with those 1 million satellites.

I’ll show you exactly what it is shortly.

Here’s the thing: SpaceX told investors just how big the prize could be… which is why paying Elon potentially a trillion dollars would be a drop in the bucket.

It believes it has identified “the largest actionable total addressable market … in human history.”

SpaceX puts that market at $28.5 trillion.

And $26.5 trillion of it is AI.

However, I don’t believe the biggest fortunes from that market will come from SpaceX’s stock.

I believe they’ll go to the people who own the silver Elon needs to make the whole plan work.

That could be you… holding the one company at the center of Elon’s Secret Trillion Dollar Silver Bet…

A company sitting on one of the greatest strategic jackpots in America… a fact Wall Street’s elites have started to notice.

I’ll show you the roster shortly.

So, why is he putting all these satellites in space?

The Global Power Crisis

Because here on Earth, AI is running out of power.

Every chatbot answer and every new AI model comes out of a data center.

And those data centers are eating electricity faster than America can make it.

The International Energy Agency expects data centers to more than double their electricity use between 2024 and 2030.

That’s more power than all of Japan uses today.

SpaceX’s own filing says America’s power output was “effectively flat” for about 15 years.

Now the AI data center boom is “significantly outpacing” it.

Last December, the grid that serves 65 million Americans came up short.

PJM runs that grid for 13 states and Washington, D.C.

It couldn’t line up enough power to meet its own reliability target for the year starting June 2027.

That had never happened before.

The Natural Resources Defense Council tied the shortfall to new data centers.

The council warned that without action, “electricity bills will continue to rise.”

If you live in one of those 13 states, you may already be paying for it.

Elon saw this coming.

In January, he warned we’d soon be making “more chips than we can turn on.”

SpaceX told investors the same thing about that $26.5 trillion AI market.

It believes the market’s growth will be “constrained by Earth’s inability to rapidly scale power generation.”

So he’s taking AI off the grid.

And off the planet.

That’s what those 1 million satellites are for.

They’re data centers.

In space.

“The lowest cost place to put AI will be space,” Elon said, “and that will be true within two years, maybe three, three at the latest.”

SpaceX’s IPO filing calls moving AI into orbit “the logical path forward.”

Even NASA’s chief, Jared Isaacman, is on board.

“Let’s take our data centers, put them in Earth orbit, take advantage of that free fusion reactor,” he said in August.

He means the Sun.

A Million Data Centers in Space

Elon’s giant pay package hinges on his orbital AI plan.

SpaceX’s first Starmind AI satellites launch next year.

SpaceX says each one has solar wings spanning 229 feet.

That’s wider than the wingspan of a Boeing 747.

Picture up to a million of them.

Each one soaking up the Sun.

SpaceX aims to launch “100 gigawatts of AI compute capacity” into orbit each year.

A gigawatt is about what one big nuclear reactor puts out.

Enough electricity for roughly 800,000 American homes.

By SpaceX’s own math, 100 gigawatts of AI computers would use one-fifth of all the power America makes…

And instead of sucking energy out of the grid here, causing your electric bill to skyrocket while kicking off rolling blackouts across the country…

He’s letting the Sun power them all.

And that’s only a stop along the way.

In a conversation SpaceX filed with the SEC, Elon sketched where it goes next.

“A terawatt per year, which is a thousand gigawatts.”

That’s like adding about twice all the power America makes, every year.

And Elon doesn’t get his full payday until SpaceX hits 100 times that.

That terawatt target is the key to Elon’s Secret Trillion Dollar Silver Bet.

I’m expecting a stampede of companies asking to use Elon’s orbital data centers.

He already has paying customers for his data centers on Earth because he bootstrapped his own temporary energy grid!

In May, Anthropic, the company behind the Claude chatbot, agreed to pay SpaceX $1.25 billion a month…

To use the computers in Elon’s Colossus data centers in and around Memphis.

That’s $15 billion a year, from a single customer.

Weeks later, Google signed a similar deal.

Together, those 2 deals could bring SpaceX about $26 billion a year.

That’s more than SpaceX took in all of last year.

I believe AI companies will line up for Elon’s data centers in space, too.

That’s how SpaceX plans to chase the $26.5 trillion AI market it told investors about.

And every one of those data centers will need the same power source.

Solar panels printed with silver, from the secret factory Elon is quietly building in Texas.

That’s why I believe getting in early on Elon’s Secret Trillion Dollar Silver Bet could hand you gains of 1,000% or more.

So why does Elon’s plan need so much silver?

The Panel Printed in Silver

It starts with the Sun.

On Earth, solar power has always had one big problem.

The Sun goes down, and the panels go dark.

Up there, there are no clouds.

And in the orbit SpaceX picked, it says its satellites get “continuous solar power.”

SpaceX says a solar panel in orbit can make more than 5 times the energy of the same size panel on the ground.

That power never has to leave the satellite.

It runs the AI computers right there on board.

SpaceX says laser links will “beam AI results back to Earth through Starlink.”

But here lies the problem.

Collecting that sunlight has been expensive.

Traditional space solar cells, made from gallium and germanium, produce more power from a small area.

For almost 50 years, they’ve been the standard on satellites.

But they come at a price.

The cells can cost $250 to $450 for every watt of power.

At $250 a watt, enough cells for 100 gigawatts would cost $25 trillion.

That’s more than the GDP of Germany, Japan, the U.K., India and France combined.

And that’s the scale Elon wants to put into orbit every year.

So SpaceX is building a different kind of cell.

Silicon.

The kind factories on Earth manufacture for well under a dollar a watt.

Why consider silicon now?

The technology has improved.

And SpaceX has brought down the cost of getting equipment into orbit.

Cheaper launches make larger panels more practical.

And silicon makes the cells themselves far cheaper.

SpaceX is pursuing that approach for its orbital AI plans.

And this is where silver comes in.

The silicon cells SpaceX plans to build use fine lines of silver to carry the electricity out.

Look closely at a cell, and you can see those lines. Each one is thinner than a human hair.

They’re screen-printed onto every cell, the same way a T-shirt shop puts a logo on a shirt.

And the ink is made with silver.

Silver carries electricity better than any other metal on Earth.

Hanwei Wu of the pricing firm OPIS says silver has overtaken polysilicon as the single biggest cost in a solar module.

So makers of every major design are racing to use less of it.

Elon went the other way.

SpaceX’s job postings say its new plant will build cells “at massive scale.”

And SpaceX picked a design called “silicon heterojunction.”

“As a Screen Printing Equipment Engineer, you will own the screen printing and related metallization equipment used to manufacture silicon heterojunction solar cells at massive scale.”

“Evaluate and select next-generation high-throughput screen printing tools capable of supporting 1GW+ per tool scale production.”

That design takes about 20% more silver for every watt than the cheaper design most of China’s factories build today.

SpaceX’s postings say why.

To power its spacecraft “with higher efficiency, lower mass, and proven reliability in the space environment.”

Now he wants to build this design at a scale nobody has ever tried.

I’ll show you the one American company I believe is best positioned to cash in on it.

That’s Elon’s Secret Trillion Dollar Silver Bet, and I believe the payday for its owners could start on January 1st.

Plus, Elon is already building the factories to make it happen.

The Factory That Runs on Silver

In August, Texas issued SpaceX the air permit for its new factory near Austin.

SpaceX’s job postings say it’s building one of the largest factories of its kind in the world.

And they say why.

SpaceX’s orbital AI platforms need “massive amounts of reliable, high-efficiency” power “to support intensive computing workloads in space.”

By late September, SpaceX was already hiring for dozens of jobs there.

The openings covered texturing, screen printing and metallization.

The last 2 give it away.

That’s where the silver goes on.

SpaceX is even hiring a “Screen Printing Equipment Engineer” to print the silver lines.

Its permit file with the Texas Commission on Environmental Quality spells it out.

“Metallic gridlines will be applied to the surface” using “a metal paste.”

“The purpose of this project is to construct and operate a solar cell manufacturing unit at the site…”

“Metallization: Metallic gridlines will be applied to the surface of the cells using a metal paste…”

“Tesla, Inc.’s real and personal property improvements for the proposed Project would include… Metallization and Printing Lines”

“Has the applicant entered into any agreements, contracts or letters of intent related to this project? Yes”

“Please see Confidential Supplement.”

That’s the silver “screen printing” I just told you about a second ago.

Tesla also told Texas it has already signed agreements for the project.

It then hid the content of those contracts in confidential paperwork the public can’t access.

And in July, Tesla told shareholders the equipment buying was already under way.

That’s 2 of Elon’s companies building the same silver step into 2 Texas factories.

Once those lines start running, they’ll need silver every day they run.

That’s not a one-time order.

I want you to own the silver before that demand starts.

And Elon has done his best to keep this a secret…

The Trip SpaceX Never Announced

SpaceX’s job postings say “paste” over and over.

Paste properties, paste handling, paste rheology and paste delivery systems.

Not once do they say what’s in it.

But halfway around the world, it slipped out.

In late January, a SpaceX technology team showed up in South Korea.

At a company called Daejoo Electronic Materials.

Daejoo makes silver paste.

The story broke in thebell, a Korean financial news service that bankers and brokers pay to read.

Its paying readers got it first. The public didn’t see it until days later.

In February, a major brokerage firm in Korea flagged inquiries “from a U.S. aerospace company.”

Daejoo’s shares jumped 27.4% that day.

By March, thebell reported, Daejoo had already supplied about 10 kilograms of silver paste samples.

In August, The Asia Business Daily reported the next step.

Daejoo’s paste was “undergoing quality evaluation” on SpaceX’s production line.

The paper called silver paste a key material “that transmits electricity.”

The paper also reported Daejoo had visited the United States.

And finished talks on the details of “mass production supply.”

It took federal regulators to get SpaceX to put the factory’s actual purpose in its own filing.

SpaceX’s first draft of its IPO filing, sent confidentially to the SEC on March 30, said its satellites would run on solar power.

It never said who would make the solar cells, or where.

On April 24, the SEC sent Elon a letter with 56 questions.

Question 26 asked whether SpaceX could get enough solar panels.

“…(iii) any supply constraints for such space based solar panels.”

To answer it, SpaceX had to reveal what the draft left out.

It would make the solar cells itself, at its plant in Texas.

Yet SpaceX still won’t say the word.

The only time I could find Elon saying “silver” in public was last December.

Word had spread that China would require licenses to export silver starting in the new year.

His reply on X was 2 sentences long.

“This is not good. Silver is needed in many industrial processes.”

So Elon knows exactly what’s at stake.

He just won’t put it in SpaceX’s filings.

That’s good news for you.

It means most investors haven’t connected the dots yet.

And it means you can still get in before they do.

A whisper of SpaceX business sent a paste maker up 27.4% in a day.

Imagine what happens if you own the silver itself.

Elon’s History of Hidden Windfalls

I also want you to understand…

Elon hiding his need for a material while building up massive infrastructure around it isn’t new.

He’s one of the savviest businessmen who has ever lived.

He knows that if he announced he was about to become the biggest buyer in the silver market…

Traders would drive up the price before he bought a single ounce.

So he’s running his old playbook.

Back in 2020, Tesla was secretly lining up a new source of lithium.

And it was quietly building its own battery cells on a new production line near its Fremont factory.

It called the project Roadrunner.

Search the yearly and quarterly reports Tesla filed back then.

You won’t find the word “mining.” Not once.

In mid-September, shares of a little-known company called Piedmont Lithium were suddenly halted.

For 11 days, nobody could buy or sell a single share.

On September 22, while Piedmont sat frozen, Elon revealed Tesla had secured rights to 10,000 acres in Nevada to mine lithium from clay.

6 days later, Piedmont broke its silence.

It had signed a deal of its own to supply Tesla with lithium ore from North Carolina.

Piedmont’s U.S. shares jumped from about $11 to as high as $54.50.

That’s as much as 395% in a single day.

All told, Piedmont soared 1,883% in 12 months.

That’s enough to turn $5,000 into about $99,000.

And the windfall didn’t stop at Piedmont.

Piedmont also bought into a tiny Australian miner called Sayona.

Sayona’s shares soared about 1,390% in 2021.

And Liontown Resources, another tiny Australian explorer, rose nearly 10,000% in less than 3 years.

Before Tesla signed on to buy its lithium in February 2022.

That’s enough to turn $5,000 into nearly $500,000.

And lithium itself?

By November 2022, its price in China had jumped about 1,400% from its 2020 low.

That’s what happens to the people who own the metal Elon needs.

I believe the same story is unfolding right now with Elon’s Secret Trillion Dollar Silver Bet.

Only this time, the clock runs out on January 1st.

So how much silver are we talking about?

Nearly Half the World’s Silver

In January, Elon told BlackRock’s Larry Fink that SpaceX and Tesla are each building toward 100 gigawatts of solar power a year in America.

That’s enough to match almost 100 nuclear reactors a year, for each company.

With today’s technology, building it all would take more than twice the silver every mine in America produces in a year.

And that’s only the start.

As Elon put it, “you will at some point need a terawatt of solar.”

A terawatt of SpaceX’s design would need 46% of all the silver mined on Earth in 2025.

That’s more silver every year than America’s mines produce in a decade.

The world doesn’t have it to spare.

Demand has outrun supply 5 years straight.

And the Silver Institute expects a sixth this year.

About 70% of the world’s silver comes out of the ground only as a by-product of copper, lead, zinc and gold mines.

Their silver output depends on how much of those other metals they mine.

Even in 2025, a year of record silver prices, mine output rose just 3%.

In October 2025, silver got so scarce in London, the center of the world’s silver trade…

…that the cost of borrowing it for a month hit a record 35% a year.

So a buyer that could need nearly half the world’s silver is about to walk into a market that’s already short.

And you can still get in before Elon’s factories start buying.

The last time solar boomed, it was silicon that ran short.

Polysilicon, the raw material for solar cells, went from about $24 a kilogram to $475.

Silver ran right alongside it.

It rose 414%.

Pan American Silver rose about 1,644%.

But the biggest winner made the silicon.

MEMC Electronic Materials rose 9,050%.

If you’d put $5,000 into MEMC at the low, you’d have been holding $457,500 at the high.

Now it’s not silicon that’s about to run short…

It’s silver, as Elon races toward a plan that would take nearly half of all the silver mined on Earth… creating the biggest annual shortfalls we’ve ever seen in the precious metals market.

But Elon isn’t the only one hunting for silver.

Everyone Wants In

Elon’s biggest rivals want to put AI in orbit, too.

Google has already put a prototype AI satellite into orbit.

It rode up on a SpaceX rocket.

Google hopes it’s a step toward AI data centers in space.

Jeff Bezos’s Blue Origin calls its plan Project Sunrise.

It has asked the FCC for permission to launch 51,600 data-center satellites.

Starcloud, a startup working with Nvidia and the cloud arms of Amazon and Google, has already put one of Nvidia’s AI chips into orbit.

It plans a constellation of 88,000.

Even China is in the race.

It calls its plan the “Three-Body Computing Constellation.”

It plans 2,800 AI supercomputers in orbit, running on solar panels.

Add SpaceX’s million, and that’s more than 1.1 million satellites on the drawing board.

Every one of them needing power.

And the AI computers themselves eat silver.

Michael DiRienzo runs the Silver Institute.

He says AI and data centers are “emerging as important sources of demand that weren’t on the map a few years ago.”

Elon has to beat them all to it.

You don’t have to beat anyone.

You just have to own the silver first.

And when everyone needs the same metal at once, I believe the people who own it get to name their price.

That’s the position I believe Elon’s Secret Trillion Dollar Silver Bet is in.

And it’s the position I want you in.

I believe this race could send silver surging past $500 an ounce… and cause a handful of companies to catapult in price…

Starting with the one American mine I believe is best positioned for Elon’s race…

I’ll show you my evidence, and the math behind that $500, shortly.

But one country knows exactly what’s going on.

And they’ve started locking down their silver.

Beijing’s Grip

Beijing knows what silver is worth.

No company can ship silver out of China without a government license.

And Beijing hands those licenses only to big, state-approved players.

For 2026 and 2027, just 44 companies made the list.

So every ounce that leaves China leaves on Beijing’s terms.

And it has its hand on the equipment that makes the cells, too.

Reuters reported Chinese officials were weighing limits on exports of their most advanced solar equipment to the United States.

Including the tools for heterojunction cells.

That’s the exact kind of cell SpaceX is building.

And this spring, Reuters reported Tesla wanted $2.9 billion of factory equipment from China. Those possible limits put that order squarely in Beijing’s sights.

China makes the paste, too.

By 2023, Chinese companies supplied more than 95% of the silver paste printed on the front of the solar cells made in China.

When Germany’s Heraeus, one of the biggest names in solar paste, agreed to sell that business…

…the buyer was a Chinese company called Haitian Water Group.

China prints its solar cells with Chinese paste.

Elon is building his solar-cell factories in Texas.

And starting January 1st, Washington makes Chinese paste harder and harder for American factories to use.

The Date Nobody Can Move

The rule is Section 45X of the tax code, from the law President Trump signed last year.

It pays American solar factories a credit on every watt they sell.

Tesla’s Crystal Sun filing lists that very credit.

At the 100 gigawatts a year Tesla is aiming for, this credit would double Tesla’s bottom line profit virtually overnight.

Elon will not lose that.

Nobody would.

But there’s a catch.

To collect it, a factory has to cut back on Chinese suppliers.

That’s hard.

China makes more than 80% of every key part of a solar panel, according to the International Energy Agency.

Today, a factory can spend up to half of its materials budget on Chinese suppliers and still collect the credit.

On January 1st, that drops to 40%.

Go over it, and the factory loses the credit.

Look at what that would mean for First Solar, the biggest solar panel maker in the Western Hemisphere.

Last year, the credit was worth $1.6 billion to it, more than its entire profit.

Without the credit, First Solar would have lost money.

And the limit keeps dropping every year after January 1st.

By 2030, it’s down to 15%.

Congress set those dates. No company can move them.

So America’s solar factories have to cut their Chinese suppliers, fast.

Even the biggest names are struggling.

Canadian Solar, one of the biggest solar panel makers in the world, has already warned its U.S. shipments will fall this year.

It can’t find enough solar cells without Chinese strings attached.

Nearly every one of those cells is printed with silver paste.

And China makes most of that paste. America makes almost none.

So American factories are looking elsewhere.

SpaceX is already testing paste from Korea.

But every ounce of silver in that paste still has to come from somewhere.

And China won’t make that easy.

The law doesn’t say where the silver has to come from. It doesn’t need to.

With China’s silver under license and the world 5 years short, there isn’t enough to go around.

The surest supply for an American factory is silver mined and refined right here.

It never has to cross a border or pass through a foreign smelter.

I believe every ounce Beijing holds back makes American silver worth more.

That’s good news if you own an American silver mine.

But there’s a problem.

America’s Silver Shortage

For every ounce of silver America mines, it uses more than 8.

Last year, it had just 4 mines that produce silver as their main metal, according to the U.S. Geological Survey.

So America imports 77% of the silver it uses, mostly from Mexico and Canada.

And here’s the part that surprised me most.

Even the silver America does dig up often leaves the country before it’s turned into metal.

America hasn’t had a smelter that can turn lead ore into metal since 2013.

So America’s mines ship nearly all their lead ore out of the country.

That includes ore from some of America’s biggest silver mines, silver and all.

Look at Hecla Mining, America’s biggest silver miner.

It digs most of its silver out of American ground.

In 2024, it sold more than 4 times as much to buyers in China as to buyers in America.

Last year, it sold more than 10 times as much to South Korean buyers as to American buyers.

Beijing won’t let its silver leave the country without a license.

Meanwhile, America ships its own silver ore abroad for smelting.

So where does that leave Elon’s factories?

Chasing the same small pile of American silver as every other solar factory in the country.

And I believe this race only ends one way.

The Race to $500 Silver

With a much higher price for silver.

Picture what happens when Elon’s factories start buying silver by the ton.

Google, Jeff Bezos and a wave of startups will be bidding for the same metal.

Beijing will be holding its silver back.

And on January 1st, Washington tightens the squeeze on Chinese suppliers inside America’s solar factories.

So how high could silver go?

Today, silver sells for about $60 an ounce.

That’s about half the record it set this January.

It fell when the futures exchange raised margin requirements in January and the hot money got flushed out.

Elon’s factories haven’t started buying yet.

Let me put this clearly.

Elon is about to become the biggest buyer of silver in history.

Bar none.

At a terawatt a year, Elon’s plan would need about 386 million ounces of silver each year.

From 2021 to 2025, solar panels, electronics and investors wanted more silver than the world could supply.

That left the world about 143 million ounces short every year, and silver nearly tripled.

His plan alone would add nearly 3 times that much demand, every year.

Over a decade, Elon’s plan would need nearly 4 billion ounces of silver.

That means going from $60 to $500 isn’t a pipe dream.

It’s simple supply and demand.

And even with $500 silver, his cells would still cost a tiny fraction of the old space cells.

Here’s why I call it a trillion dollar silver bet.

At the $500 I see coming, the nearly 4 billion ounces Elon’s plan needs over a decade would be worth almost $2 trillion.

And even if I’m only half right, and silver goes to $260, his plan would still need a trillion dollars of silver.

Back in 1979, the Hunt brothers, 2 Texas oil heirs, took control of about 195 million ounces of silver.

Silver shot from under $10 to nearly $50 in 5 months – a 400% jump.

Shares of silver miner Hecla Mining went from $5.25 to $47.50 in about a year, a gain of 805%.

Elon’s plan would need nearly twice the Hunts’ silver, every single year.

And I believe his SpaceX pay package depends on getting that silver.

Why the Mine Can Beat the Metal

Silver miners have already shown what a run like this can do.

When silver climbs, a miner’s costs to dig it mostly stay put.

So its profits can grow far faster than the metal’s price.

Say a mine sells silver for $60 an ounce, and it costs $40 to dig each ounce out.

That leaves $20 an ounce.

Now say silver climbs to $90, and the cost stays at $40.

The margin jumps to $50.

Silver went up 50%. The miner’s margin went up 150%.

Here’s how it looks in real time:

In the run to its record this January, silver rose more than 300%.

Hycroft Mining, a gold and silver miner in Nevada, rose 2,557%.

In the run that peaked in 2011, silver rose about 450%.

Silver Wheaton, now Wheaton Precious Metals, rose 1,727%.

First Majestic Silver rose 3,507%.

That’s the difference between owning the metal and owning the mine.

And it’s why I’m not telling you to buy silver bars.

Picture silver going from about $60 to $500.

That’s a gain of more than 700%.

Now picture what that could do for a silver miner in your portfolio.

The right silver miner could go up far more than that.

And I believe Elon’s Secret Trillion Dollar Silver Bet is better positioned for that run than any silver company I’ve seen in 30 years…

With the potential to deliver a gain of 1,000% or more.

Let me show you why I believe this mine is the jackpot of Elon’s Secret Trillion Dollar Silver Bet.

The Silver Still in the Ground

Geologists at Idaho State University say this mine has had “probably the largest silver production of any single silver mine in the world.”

In 1884, 2 brothers from Maine staked it.

Since then, the mine has given up about 365 million ounces of silver.

And its owners call what’s left “the highest-grade primary silver resource in North America.”

They estimate the silver still down there runs about double the grade of the other mines in its valley.

By the company’s estimate, the best-mapped part of the mine alone holds more than 100 million ounces.

At nearly 30 ounces of silver in every ton of rock.

Most silver miners can only dream of rock like that.

And the more scarce silver gets globally… the more valuable a concentration like that becomes.

So why isn’t it running?

In early 2001, silver sold for less than $5 an ounce.

The smelter that bought the mine’s ore was shutting down.

The mine closed.

A new operator brought it back, then shut it down again in 2008, in the middle of the financial crisis.

In 2010, a precious-metals investment group bought it out of bankruptcy.

That group has held on through every silver crash since.

Today it still controls about 60% of the company.

When the people who know a mine best hold on to it for 16 years, I pay attention.

I’ve seen how that kind of story can end.

Look at Stibnite, a legendary mine in the mountains of central Idaho.

In World War II, it produced about 90% of America’s homegrown antimony, a metal the military needs for ammunition.

By 1997, it had gone quiet.

In 2016, billionaire John Paulson, famous for betting against the housing bubble, bought into the company working to bring it back.

And he held on.

Shares of that company, Perpetua Resources, went from $1.69 in 2022 to $37.37 this March, a gain of more than 2,100%.

Along the way, China banned antimony exports to America.

That’s what can happen when you own a legendary American mine right before America needs its metal.

But the mine is only half of the story.

Mined Here. Refined Here.

Just 1 mile from the mine sits a permitted refinery.

Restart it, and the company says it could turn out bars good enough to settle contracts on the COMEX, America’s main silver exchange.

Made right next door.

This silver wouldn’t have to leave the country to be finished.

That’s rarer than you might think.

Only 3 refineries in America are approved to make the big silver bars traded in London.

China has 27.

With no lead smelter left in America, Idaho’s silver mines ship their ore abroad to be smelted.

Here’s how this company plans to get around that.

A new mill at the mine would turn its ore into a silver concentrate.

Then, instead of a smelter, the refinery 1 mile away would use chemistry to pull out the silver and make bars.

Mined and refined on American soil.

The company says the refinery could turn out about 10 million ounces a year.

That’s more than a quarter of all the silver America mines in a year.

Of the U.S.-listed silver companies I’ve looked at, it’s the only one planning to do both at the same American site.

Here’s why that matters.

I believe American factories will want silver they can count on, mined here and refined here, that never has to pass through China.

Very few companies can even offer that.

This one plans to.

That’s the kind of company you want to own before those factories come looking for silver.

Will Elon sign a contract with this company?

I believe he’ll have to come looking for American silver.

But you don’t need a contract to make money here.

If silver climbs the way I expect, every ounce in this mine becomes worth more, whoever ends up buying it.

And if factories pay up for silver that never touches China, this company is one of the few that can sell it.

Now, knowing how desperate Elon will be for silver…

Ask yourself what a mine like this could be worth to him.

The Buyout Target

Elon builds his own rockets and his own satellites.

Tesla even makes its own battery cells.

His lithium refinery near Corpus Christi, Texas, is already up and running.

But there’s one thing even Elon can’t build fast.

A silver mine.

You have to find the silver first, then dig it out of the ground.

And building a new mine takes forever.

In America, a new mine for critical minerals takes an average of 29 years to go from discovery to production, according to S&P Global.

Only 3 new mines like that have come into production in this country since 2002.

Tesla built its lithium refinery in less than 3 years.

A new American mine takes 29.

No amount of money can rush a mine nobody has found yet.

Not even Elon’s.

But he doesn’t sit around when he knows what he needs.

He takes massive action.

You saw it with lithium, when Tesla locked up the rights to 10,000 acres in Nevada.

And the little miner that signed on to supply Tesla, Piedmont Lithium, soared 1,883% in 12 months.

He’s already said he’d buy a mining company if that’s what it takes.

Back in 2022, he put it this way.

“It’s not that we wish to buy mining companies, but if that’s the only way to accelerate the transition, then we will do that.”

Months later, Bloomberg reported that Tesla was weighing a takeover of a lithium miner called Sigma Lithium.

Sigma’s shares jumped 21% that same evening.

That’s why a mine that’s already dug is worth so much.

This one is already dug.

And 365 million ounces have already come out of it.

Last year, America had just 4 mines where silver is the main metal.

This one could make it 5.

Whoever wins the race to the Sun needs silver it can count on.

I believe a legendary American mine that’s already dug could be worth a fortune when that race heats up.

Exactly the kind of company Elon has said he’d buy if he had to.

And you can own a piece of it.

That’s Elon’s Secret Trillion Dollar Silver Bet.

And I don’t believe you’ll have to wait for the restart to collect.

Before the First Ounce

This mine is preparing to reopen in late 2028.

That’s right when Tesla aims to be making 100 gigawatts of solar a year.

So why buy now, years before the first ounce comes out?

Because I’ve seen this setup before, in uranium.

In 2006, the world’s uranium mines couldn’t keep up with its reactors.

Then Cigar Lake in Canada, one of the world’s biggest uranium projects, flooded.

Uranium rose more than 1,100%.

A tiny Australian miner called Paladin was bringing a new mine into production right as the squeeze hit.

Its shares were already up more than 37,000%…

…6 months before its first uranium came out.

A year later, they were up nearly 75,000%.

That’s enough to turn $5,000 into about $3.75 million.

Investors didn’t wait for Paladin’s first uranium.

And with the squeeze tightening on January 1st, I don’t believe they’ll wait for this restart, either.

Own Elon’s Secret Trillion Dollar Silver Bet before the mine restarts, and I believe you’re positioned for the biggest part of the move.

And there’s a player in this race even bigger than Elon.

Why Washington Needs American Silver

Washington already counts on SpaceX.

Last year, it flew 11 of the 12 big national security launches for the Pentagon and the National Reconnaissance Office.

And every NASA crew and cargo mission to the space station.

SpaceX builds Starshield, a secure satellite network for the U.S. government.

And in May, the Space Force awarded SpaceX a contract to build satellites for Golden Dome, President Trump’s missile shield.

Every one of those satellites needs Elon’s power source.

So Washington needs that power source to work.

And it needs the silver that goes into it.

I believe that’s why, last November, the Interior Department added silver to America’s official list of critical minerals.

The metals Washington counts as vital to the economy and national security.

Silver had never been on that list before.

For you, that comes down to one thing.

The silver that comes out of American ground is about to matter more than ever.

And if you own it, I believe you’re about to get paid like it.

Look at MP Materials.

It owns Mountain Pass, the great rare earth mine in California.

The mine closed in 2002, as cheap rare earths from China took over the market.

In 2017, investors bought it out of bankruptcy for $20.5 million.

In 2020, they took it public on the New York Stock Exchange as MP Materials.

Then, in July 2025, the Pentagon agreed to buy stock in MP Materials.

Enough to become its largest shareholder.

It also guaranteed a minimum price for MP’s rare earths for a decade.

MP’s shares soared about 50% that day.

Within 3 months, they’d climbed more than 230% from where they stood before the Pentagon deal.

By then, MP Materials was worth about $17 billion.

Then the White House said Washington would take a stake in Trilogy Metals.

A small company with copper, cobalt, gallium and germanium in Alaska.

Trilogy’s shares jumped 211% the next day.

When Washington decides a metal is critical, it doesn’t stop at a list.

It writes checks.

And now silver is on that list.

If Washington writes checks for silver the way it did for rare earths…

…I believe the people who own American silver could be in for the same kind of ride.

That’s the ride I want you on.

And the smart money has already noticed.

The Smart Money Is Already Moving In

I don’t think I’m the only one who knows what Elon is up to.

The company that owns this silver mine – the mine I think will be vital to Elon’s Secret Trillion Dollar Silver Bet – went public on the New York Stock Exchange in June.

Within its first 4 weeks, 47 outside money managers had taken stakes in it.

Some of them hold huge stakes in SpaceX itself.

Fidelity bought into SpaceX in 2015, when the whole company was worth a little more than $10 billion.

By the end of June, its SpaceX stock alone was worth about $52 billion.

Fidelity, Goldman Sachs, Franklin Templeton, Norway’s central bank and Amundi, Europe’s largest money manager, bought into this silver company within weeks of its IPO.

Their latest filings show some of them have more money in this mine than in the mining names you hear about every day.

Sprott, one of the biggest names in precious metals, now has more money in this mine than in Newmont, the world’s largest gold miner.

And nearly 10 times what it has in Hecla, America’s biggest silver miner.

Franklin Templeton now has a bigger stake in this mine than in Hecla, Pan American Silver or Coeur Mining.

Ospraie Real Assets Fund, run by Dwight Anderson’s Ospraie Management, owns about 17% of the company.

VanEck added it to its junior miners index fund.

Of the 6 Wall Street firms that cover it, 5 rate it a buy.

And then there’s the man who bought this mine out of bankruptcy back in 2010.

A billionaire who predicted $3,000 to $5,000 gold back in 2007, when it sold for under $700 and people called him “loopy.”

Gold broke $5,000 this January.

Today, he has far more riding on silver than on gold, including more than $1 billion in this one mine.

That’s about a third of all the U.S. stock his firm reports owning.

The mine I believe will be the key to Elon’s Secret Trillion Dollar Silver Bet.

These investors aren’t just watching this mine. They’ve already bought in.

And once again, Main Street is about to get left behind.

Most individual investors don’t even know it exists.

You do.

That’s why I want you in Elon’s Secret Trillion Dollar Silver Bet now, before the crowd shows up.

Because by the time everyone else catches on, I believe the biggest gains will already belong to the people who got in first.

But one more thing means Elon will need even more silver…

The Announcement Elon’s SpaceX Made on October 8th

On October 8th, SpaceX announced a deal to buy a nationwide block of wireless airwaves.

The company said the deal “will pave the way for Starlink to become a major mobile carrier in the US.”

The Wall Street Journal reported the price at $8 billion.

SpaceX plans to combine a new fleet of satellites with network equipment on the ground.

Those satellites will connect directly to the phone in your pocket.

They’re part of the network Elon needs to compete for your monthly phone bill.

And those mobile network satellites need power, too.

SpaceX has admitted in its own documents that the solar cells it’s preparing to manufacture will serve both its AI satellites… and Starlink.

And what do those panels need?

Silver. Lots of it.

This is just another fact that points me to one outcome…

Elon becoming the biggest silver buyer on the planet.

And I want you positioned in Elon’s Secret Trillion Dollar Silver Bet before a major silver-buying announcement draws the crowd.

Because waiting can cost you more than you think.

What Waiting Costs

The clock I told you about runs out on January 1st.

By the time this mine plans to restart, that limit on Chinese suppliers will have dropped twice.

I’ve seen what waiting costs in a setup like this.

Go back to Piedmont Lithium in 2020.

Say you’d put $10,000 into Piedmont at about $11, its last price before the Tesla news.

By the following March, you’d have had about $74,000.

If you’d waited until the morning the deal hit the news and paid $29.64…

…the same $10,000 would have grown to about $27,500.

Both are good outcomes.

But the same $10,000, on either side of one headline, made a difference of about $47,000.

That gap alone would buy a brand-new car.

That’s what being early is worth.

And with Elon’s Secret Trillion Dollar Silver Bet, I want you early.

So what do you do with all this?

3 Moves to Make Before January 1st

I see 3 moves to make right now.

The first move is to own Elon’s Secret Trillion Dollar Silver Bet.

You’ve seen the mine, the refinery and the clock.

I believe it’s the best way I’ve found to own American silver before Elon’s factories, and everyone racing them, come looking for it.

I believe it could hand you gains of 1,000% or more if you get in early.

In a moment, I’ll show you how to get my full report on it, the name and ticker included.

The second move is to own a second silver play, a smaller one with room to run.

In the silver bull market that peaked in 2011, a small silver miner in Mexico called Endeavour Silver climbed 1,480%.

That’s enough to turn $5,000 into about $79,000.

When silver gets scarce, small miners sitting on rich silver can move much faster than the metal itself.

I’ve found one I like even better today.

Before this message is over, I’ll show you how to get the full story on it.

The third move is to get paid while you wait.

There’s a way to collect cash from silver every single month.

It’s an exchange-traded note, issued by a giant Swiss bank. You buy it just like a stock.

It follows a simple strategy of holding silver and selling other investors the right to buy it at a higher price.

They pay up front for that right, and the cash comes back to you as a monthly payout.

It’s all built into the note, so there’s nothing for you to manage.

And it’s been paying off in a big way.

If you’d invested $10,000 in it 3 years ago and taken the payouts as cash, you’d have collected about $10,900.

That’s more than your entire original stake.

Think about that.

The S&P 500 pays about 1% a year in dividends.

The average 1-year CD pays 1.73%, according to the FDIC.

And retirees are told to live on yields like these.

Meanwhile, on that same $10,000, this one paid out more than 20 times as much cash as the S&P 500.

The payouts aren’t fixed. They rise and fall with silver’s swings, so some months pay far more than others.

When silver tumbled this year, those payouts helped it hold up better than silver itself.

In a moment, I’ll show you how to get my report on it.

But first, I want you to see the record behind these calls.

I’ve Followed Elon’s Money Before

I sat down for a private dinner with Donald Trump, Jr. just last November.

That dinner led me to Powell Industries.

Powell builds exactly the kind of industrial electrical equipment Elon’s Colossus data centers in Memphis can’t run without.

In March, ahead of SpaceX’s IPO, I put out an urgent presentation telling people to buy it.

From the day that presentation went out to its high in May, Powell soared 91%.

We’re talking about nearly doubling in two months.

And Powell wasn’t the first time I followed Elon’s money.

In January 2025, I sent my readers a report I called “Elon’s #1 AI Stock.”

It was AMD.

Tesla’s Model S and Model X were already running on AMD chips.

That May, Elon told CNBC he expected Tesla and xAI to keep buying chips from Nvidia and AMD.

My readers who followed me into AMD closed out with a 228% gain.

I also told my readers to buy Arm Holdings at $125.

Arm’s chip designs sit at the heart of Elon’s machines.

The self-driving computer Tesla started putting in its cars in 2019 runs on 12 Arm processor cores.

The Starlink dish runs on an Arm-based chip, too.

Arm went as high as $452.70, a 262% gain.

That’s the kind of research you get when you join me.

Across every closed trade I’ve recommended, the average return, winners and losers together, is 35.9%.

And we’ve won 75.2% of the time.

Now I’ve got a special gift for you.

Here’s What I Want to Send You

I’ve been doing this for 30 years.

I’ve never seen Elon, Washington and Beijing all pulling on the same metal at once.

So I’ve put everything I know about it into a brand-new report.

It’s called Elon’s Secret Trillion Dollar Silver Bet.

Inside, you’ll get the name and ticker of the company that owns the legendary American silver mine I’ve been telling you about.

You’ll get my buy-up-to price.

You’ll get the restart timeline and the refinery plan, step by step.

And you’ll get the risks, laid out plainly, so you know exactly what you own.

Plus my case for why I believe it could hand early investors gains of 1,000% or more.

This report is yours free when you join Behind the Markets today.

And That’s Not All You’ll Get

I’ve also prepared 2 more reports for you.

The first is called The Silver Squeeze.

It’s on the second silver play I told you about.

A small silver developer in Mexico sitting on one of the highest-grade silver veins discovered in the last decade.

If silver stays scarce, I believe a developer like this one is where the fastest moves can happen.

The second is called The Silver Paycheck.

It shows you how to collect cash from silver every month while you wait for the squeeze.

All 3 reports are yours free when you join Behind the Markets today.

What Is Behind the Markets?

Here’s my invitation.

Join me at Behind the Markets.

It’s where I publish my best ideas.

It’s where my subscribers got into IonQ before it climbed as high as 431%.

It’s where they first heard my case for Palantir, Axon and Rocket Lab.

And it’s where I’ll be tracking Elon’s Secret Trillion Dollar Silver Bet from here.

Here’s what that means for you.

When you join, you get my model portfolio.

Every open position, its buy-up-to price and its sell target.

You get my weekly market briefings.

You get flash alerts whenever it’s time to buy, sell or adjust a position.

And you get full access to every special report in the archive.

Plus direct access to my research team if you ever have a question.

Less Than a Dollar a Week

I could charge $10,000 for this research.

Hedge funds pay a lot more than that for this kind of intelligence.

A one-year membership to Behind the Markets normally costs $399.

But because I believe this is the biggest opportunity I’ve seen in my career, I’m offering you a rollback price to our founding member rate.

Just $49 for your first full year.

That’s less than a dollar a week.

My Guarantee

I’m so confident in this research that I’m putting all the risk on myself.

Join Behind the Markets today.

Read all 3 reports and follow along with the portfolio.

You’ll have the next 6 months to decide if this is for you.

If you’re not happy by the end of your sixth month, all you have to do is give my firm a call.

We’ll refund every cent of your membership.

And the 3 reports are yours to keep either way.

Before You Decide

You might have a few quick questions. Let me answer them head on.

#1 “Isn’t a mining stock too risky for me?”

Every stock carries risk, and mining stocks can swing hard with the price of silver.

So only invest money you won’t need while this plays out.

But look at what this company already has.

A mine that’s already produced about 365 million ounces of silver.

A permitted refinery 1 mile away.

A controlling owner that has held on since 2010.

And Washington has put silver on its list of critical minerals.

My report lays out the risks plainly, so you know exactly what you own.

#2 “Am I too late?”

The mine isn’t running yet.

It’s preparing to restart in late 2028.

Elon’s factories are just ramping up, and the January 1st squeeze hasn’t even started.

And silver sells for about half its January record, a long way from the $500 I see ahead.

I believe the biggest move is still ahead.

#3 “Why haven’t I heard about this?”

Because SpaceX has never once put the word “silver” in an SEC filing.

This story was hiding in Texas permit files, job postings and Korean business papers.

#4 “Is this some tiny penny stock?”

No.

It trades on the New York Stock Exchange.

You’ve already seen who controls it, and who’s been buying it.

#5 “Does Elon have to buy from this mine for me to make money?”

No.

I believe Elon’s factories, his rivals and every solar maker in America will be bidding for the same silver.

When that many buyers chase the same metal, the people who own it don’t need a contract with any one of them.

You just need to own the silver before the bidding starts.

Here’s What Happens Next

Click the button below, and you’ll go to a secure order form.

It takes about 60 seconds.

The moment your order is confirmed, you’ll get instant access to all 3 reports.

Including the name and ticker of Elon’s Secret Trillion Dollar Silver Bet and my buy-up-to price.

You’ll be added to Behind the Markets, with my model portfolio, weekly briefings and flash alerts, starting today.

And you’ll lock in $49 for your first full year.

But don’t wait on this.

The Clock Is Already Running

Right now, 3 forces are closing in on American silver at once.

Beijing already decides who gets China’s silver.

Elon’s Texas solar-cell line is set to start full-scale production in January.

And on January 1st, the federal law I told you about tightens.

That deadline is set in stone.

You don’t have to wait for any of it.

You can own Elon’s Secret Trillion Dollar Silver Bet before the big buying starts.

I believe silver mined and refined in America is about to become some of the most fought-over metal on Earth.

Your choice takes about 60 seconds.

Click the button below now.

You’ve seen what happens to the people who own the material a boom runs on.

Pan American Silver rose 1,644%, enough to turn every $5,000 into about $87,200.

First Majestic rose 3,507%, enough to turn $5,000 into $180,350.

MEMC rose 9,050%, enough to turn $5,000 into $457,500.

I believe it’s happening again right now, with silver.

But this moment has something the previous ones didn’t…

Elon Musk on a government deadline…

With a secret, trillion dollar bet on one of the world’s most needed precious metals.

Click the button below.

Get the name and ticker.

And if you decide it isn’t for you, my 6-month guarantee gets you every cent of your membership back.

But if I’m right, you’ll look back on today as the day you got in early.

The Buck Stops Here,

Dylan Jovine

Founder, Behind the Markets

P.S. When Elon went hunting for lithium, one small mining company soared 1,883% in 12 months.

Now he needs silver, and the clock runs out on January 1st.

I believe this race could send silver soaring past $500.

Click the button above to get the name and ticker of Elon’s Secret Trillion Dollar Silver Bet.