Grandich notes gold's shift to Asia has strengthened its market position, adding that both gold and silver now have equal importance, supported by global and U.S. political factors.
David and I discuss the bullish and bearish trends in the silver market. A lot of people are curious to understand the silver price of late, and David has some useful insights.
Murphy noted silver's resilience below $30 for years despite efforts to suppress it. Recently surpassing this mark, attempts to lower it have proven unsuccessful.
More than 25 states have introduced legislation this year to end taxes on gold and silver, bolster state taxpayer funds with the metals, and more in 2024.
Moriarty comments that silver is highly volatile, offering significant profit opportunities, as shown by its rise from $1.29 in 1970 to $50.25 in 1980 and other dramatic price movements.
Silver has support down to $29, but if that breaks the next support comes in at $28.50. Below that, we don’t find support until $26.50. Resistance is at $32.
