Silver had a bad week. It plunged, down almost 6% and dropping below $30 once again. That’s the bad news. The good news is it held for the moment above $29.
Amongst all this gold hype, silver remains above $30. See an overview of silver demand and what's to come for the silver price in this compilation of some of our best silver chats.
Now, demand for silver is climbing. And there is a supply shortage. But with narrow margins, times are tough for silver mining companies, even with silver at $30.
The company is pleased to announce additional drill results at the Aguilar vein discovery located 5 kilometres south of the existing resource along the 30 kilometre vein corridor.
Macleod discusses how paper currencies are failing, leading Asian countries to consider a gold standard. He suggests that silver may rise faster than gold as a strategic investment.
We're nearing a period where massive, sustained silver rallies will likely occur, as the best rallies often happen near peaks, with silver rallying around 2 years before each peak.
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.
