The outlook for silver is somewhat more optimistic. The low average price forecast submitted was US$17.50, the high was US$27 and the average of all analysts came in at US$23.65, which is 8.8% higher than the actual average for 2022 of US$21.73.
Silver has a surprising correlation to an indicator that gold doesn’t share as strongly. We discuss the difference between the monetary metals and the outlook for labor and silver in 2023.
Much higher precious metals prices, likely. Deep pocketed, financial institutions control 80% of the market. Their ETF related purchases could boost PM's prices.
Gold and silver are a store of value for self-reliant people. Bullion can, and often has been, used as money in a crisis because it is almost universally trusted and valued everywhere.
With inflation on the horizon, Bill expects PMs to outperform paper assets. It may be advisable to accumulate PMs while the markets are calm. Once silver clears the $25/oz...
The darkness created by the delay in publishing COT reports can be lifted the moment the Commission lights a candle and publishes the most current data.
When you consider that silver has been money for over 2,500 years and valued for over 10,000 years, it is significant to know that there are only about 5 years of silver left. It reminds me of the quote “Gradually, then suddenly.”
Shadowstats suggest a 12% real inflation rate. Silver, at key times, remains the "best inflation hedge." Gold is an ideal deflation hedge. A nascent "goldrush" to mining shares remains a wildcard.
Dave Kranzler joins Andrew Maguire to discuss the potential effects of pricing silver in gold grams, gauging the chances for the silver squeeze to unfold.
