Silver prices have finally begun playing some catchup to gold. Perhaps speculators in the futures market have finally begun paying attention to fundamentals like supply and demand.
If the market plays out as expected, we'll see another significant market shortfall this year, totaling somewhere in the neighborhood of 215 million ounces. That would rank as the second-largest market deficit in more than 20 years.
Despite the big selloff Friday, the spot price of silver had its first weekly close above $28 since 2013. It's possible the shorts and price manipulators are out of runway.
Brickman says that investing in silver isn't solely for wealth accumulation but rather as insurance against volatility, highlighting the metal's potential to skyrocket unpredictably.
The Fed may very well be willing to throw whatever inflation-fighting credibility it still has out the window in order to try to give the economy a boost.
India in February purchased a whack of silver bullion, with silver imports surging 260%. The country bought 2,295 tonnes compared to just 637t in January — a new monthly record.
Just starting this week, the Chinese government is telling its people to buy Silver instead of Gold. Silver and gold stacking is the cornerstone of their crafted and clever strategy of economic warfare.
Some analysts project India could import upward of 6,000 tons of silver this year. Strong demand for silver in solar panel production is one of the factors reportedly driving overall Indian silver demand higher.
The foundation has been constructed. Gold first had to break down the castle gate like a battering ram. Next the Silver price will force an historical short squeeze based upon a large-scale covering rally.
Despite gold and silver's significant present and historical value to Idaho, along with its mining industries, Governor Little's veto prevents the state from purchasing or holding gold and silver.
