Jeff Kilburg on Gold, Silver, and Top Stock Picks for 2026

Gold and Silver Outlook

• 💡 Jeff Kilburg, KKM, expresses an optimistic view on precious metals, particularly highlighting silver as an opportunity.
• ⚠️ The recent pullback in silver, near 20% from peak to trough, is attributed to tax loss harvesting, profit-taking, and increased margin requirements by the CME Group.
• 🎯 Despite the short-term correction, Kilburg sees silver moving higher, with a price target of $90 to $95, driven by anticipated lower interest rates in 2026.
• 📈 While gold and silver have performed exceptionally well, with silver up 170% year-to-date, Kilburg notes there's no exit signal yet for these positions in their tactical model.

Stock Picks for 2026

• 🏠 Home Depot is identified as a quality blue-chip name to add to, with a price target influenced by lower interest rates and a potential shift in Fed leadership.
• 📉 Declines in lumber prices are seen as a catalyst for Home Depot, removing a constraint for DIY home projects.
• 🤖 Amazon is a favored addition due to its continued incorporation of AI and potential to improve user experience, despite being a laggard in the Mag 7.
• 🧩 Berkshire Hathaway is a speculative pick, with the potential for upside if the company undergoes divesting or spin-offs, similar to GE's past performance.