Precious metals are not currently in favor as a speculative vehicle. Young people today don’t understand the difference between holding a silver or gold bar in your hands versus owning something electronically.
Gold is now making a serious run at the $1900 benchmark and silver is challenging $28. I expect both metals to undergo two-way volatility around those two key technical and psychological price levels for at least a few weeks.
It's been almost two months since any silver eagles have been reported sold by the mint -- and nearly a month for any gold eagles or buffaloes. So it should be plain for all to see that the mint does not wish to exacerbate the critical shortage in either silver or gold good delivery bars.
It seems the baton passed from digital coins to physical metals amid a flurry of headwinds that will likely continue to plague the cryptocurrency market, and we think this will mean a strong 2021 for gold and silver prices. Both gold and silver are set to make new highs.
"“We continue to have tremendous success intersecting wide intervals of high-grade mineralization across Oculto. The highlighted intersections released today further demonstrate the continuity of high-grade gold and silver mineralization beyond the currently known western end of the Tesoro Zone."
The high prevailing silver prices did help drive big year-over-year surges in revenues, earnings, operating cash flows generated, and cash treasuries. Those good fundamentals should attract capital, especially as silver powers higher with gold.