Over the past six months, Silver demand has shown a clear trend: aerospace and military sectors are the top consumers, with solar energy trailing in a distant third place.
Hemke noted that after a decade-long wait, silver has caught up with gold's 10-13% rally above $2100. Despite rising rates, gold is at record highs, and silver may now outperform.
The most significant silver rallies occurred during a period when the US Dollar Index was declining. For this reason, the direction of the DXY is an important signal for silver bulls.
It’s unfair for the U.S. government to tax capital gains on gold and silver. Those “gains” are the result of the debasement of paper money, which is the fault of the U.S. government!
Schiff noted silver's rise to $31.50, its highest since 2013, driven by lagging central bank interest. He predicts explosive growth in undervalued precious metal stocks and gold.
While gold has gotten the headlines, silver has had a solid bull run over the last several months. In fact, the white metal has outperformed gold in this gold bull market.
Over the last 125 years, silver has formed two similar patterns. This year could be a breakout year, with a potential top around 2028 if the pattern holds true.
