Bill passed in Maryland and Washington State imposed sales taxes on bullion, effectively levying a tax on exchanging one type of money for another.
CEO McDonald: "Having just put out our maiden resource of 54 million ounces of silver at Columba at a very good grade of 284 gpt silver, we are now looking forward to this next round..."
We continue to move higher in wave !iii!, and within wave !iii!, we completed wave ^iv^ at the 35.20 low and we are now moving higher in wave ^v^.
We’re in the “blastoff” zone now for a lot of the junior miners.
Silver may be nearing $40, but Maharrey believes the price is still low relative to its true potential.
Silver is up nearly 28 percent this year. It briefly traded above $39 an ounce earlier this week.
Earlier this week, silver prices surged to just under $39 per ounce, a level not seen since 2011.
Indians are known for stockpiling gold, but they are increasingly turning to silver as the price has pushed to 14-year highs.
Based on both the technicals and the supply and demand dynamics, silver remains underpriced with significant upside.
We’ve seen this pattern before. In 1980, when silver neared $50, the United States was gripped by inflation and a loss of confidence in the dollar.
