In silver -- the biggest drop was in SLV inventories, down a whopping 27.035 million troy ounces, followed by the COMEX, down 5.160 million troy ounces. After them came SIVR, down 1.816 million troy ounces...and 843,000 troy ounces out of iShares/SVR.
Jerome Powell is the Victor Frankenstein of monetary policy. Constructing and killing his rotten creations: zombie firms. We break down what these undead hordes will do to the economy as they emerge or die off.
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.
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.
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.”
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.
