This video tackles one of the most eye-catching forecasts of the year which is the much cited Bank of America calling for $309 silver.
More on that shortly.
Both gold and silver are lower on account of stronger US data and markets awaiting the conclusion of the Federal Reserve’s FOMC meeting.
Earlier, the Bank of Canada held rates at 2.25% and warned that the global outlook remains highly uncertain.
In short, the backdrop for precious metals isn’t easing but rather it is becoming more fragile.
In this GoldCoreTV video, Jan Skoyles explains why Bank of America’s $309 forecast isn’t a wild idea; rather, it’s based on market mechanics, history, and stress conditions.
Watch the video to understand what’s really driving this forecast and why silver may be entering a very different kind of market.
This video is all about understanding what kind of system produces a $300 silver price in the first place.
About the author
David Russell
GoldCore
David is the CEO of GoldCore.
Until Summer 2023 he was the Director of Marketing and Communications, responsible for all marketing and communications strategies and branding.
David joined GoldCore in 2008 as Director of Business Development and later took over as Director of Marketing and Communications in 2020.
Prior to this Dave managed and operated his own Marketing Agency and completed multiple coaching qualifications.
"Working for GoldCore gives you a fantastic lens through which to view global financial and geopolitical developments. I am very proud to be part of a company that contributes to increasing investors understanding of these developments."
When he’s not at work, David is passionate about sailing and has completed the ‘Round Ireland Yacht Race’ twice.