Robert Kiyosaki is still bullish on silver, and his $200 target for 2026 is getting a lot of attention.

But the current price tells a very different story.

On August 15, silver was around $65.33/oz — roughly one-third of his $200 target. It had also fallen significantly from the $121 area reached on January 29.

Kiyosaki has continued to treat these pullbacks as buying opportunities, linking his long-term metals thesis to inflation and currency erosion.

But this is where I become cautious.

Gold and silver don’t move on inflation alone. Interest rates, the dollar, economic growth, geopolitical risk, and investor demand can all change the picture.

So the real question isn’t whether silver can reach $200.

It’s what would need to happen for that target to become realistic.