Morgan says, "It's inevitable at some point, and I don't know if it's this year, where the availability of silver becomes harder to get and the industry starts to worry."
Without a legally imposed gold/silver ratio or dollar peg, the number is now free to fluctuate and can be a valuable tool when considering if it’s a good time to buy.
We have now reached the point in silver (and gold) where it is difficult for me to see how prices don’t quickly explode. Everything I look at, from a physical supply/demand perspective to the paper positioning set up on the COMEX, tells me we are at the point where only an upward price surge makes any sense
AB 29 would exempt “precious metals bullion,” defined as coins, bars, rounds, and sheets that contain at least 35% gold, silver, copper, platinum, or palladium.
Speculators have been building a heavy short position in recent months. They won’t go long and commit to a position there until silver breaks above $30...
The new short report showed that the short position in SLV cratered by 25.13 percent...from 16.84 million shares sold short, down to 12.61 million shares. The short position in SLV is still too high, but is far less worrying than it was last year when it was sky high. The short position in GLD is of no concern.
Silver, when applied to clay, transforms into an incredibly effective water filtration system. We're infusing this precious metal into Navajo pottery, creating a filter yielding drinkable water for all.
