The late silver analyst Theodore Butler suggested BofA held a billion ounces or more of silver in the over-the-counter market. This short position could someday ruin them.
Sound money advocates celebrate as New Jersey’s Senate Bill 721 is signed into law, removing sales taxes on gold, silver, and other precious metals over $1,000 starting January 1, 2025.
Maharrey concludes that silver appears to be significantly undervalued compared to gold. With strong technical patterns and robust supply-demand fundamentals, silver is poised for a potential breakout.
Silver is vital in 5G infrastructure, used in antennas, connectors, and circuit boards to enable high-speed data transmission, minimize signal loss, and boost device power efficiency.
When you put the technical factors together with the fundamentals, there appears to be an extremely strong bullish case for silver with significant upside.
In order to get back to a wildly bullish set up in silver, the Managed Money traders et al. would have to be coerced/tricked into puking up long positions, or going short something in the order 31,000 ...
