Silver’s widening array of uses is pressuring available supplies, and the delta between silver use and silver production may already be larger than thought.
According to the Silver Institute's World Silver Survey, the silver market has been in an alarming deficit for the past two years. World Demand is at all-time highs.
The US Mint is more vulnerable to a squeeze at the moment, and when confronted would have no counter. Admitting to a silver shortage would be the dream stackers have been waiting for.
The new OCC report makes clear, as both JPMorgan’s and BofA’s precious metal positions have soared in the new report. This new OCC report only heightens my sense that something big has been brewing and about to become unchained in silver and, now, perhaps in gold as well.
The new short report showed that the short position in SLV declined from 16.06 million shares, down to 14.19 million shares, a drop of 11.65 percent. The short position in GLD fell...
Should we get yet another deliberate price rig to the downside, that will only enhance the prospects for the coming eventual rally being one for the ages.
If, as many analysts predict, gold rises to $3,000 per ounce in the next up cycle, and the gold-to-silver ratio reverts to 40:1, silver would more than triple to $75.
Since it peaked in 1980 at $677 oz. (monthly average closing price), gold has tripled in price. Over that same 43-year period, the price of silver has dropped from its 1980 peak of $36 oz...
As long as silver holds over $22.50, I am expecting this pullback to complete over the coming week or two, and set us up for a strong rally which should be pointing us north of 27 rather quickly.
