Silver is no where near done!!!! JP Morgan, HSBC are doing everything in their power to get everyone away from silver. Samsung, Tesla and two medical supply manufacturers are buying hard while the prices are getting smashed. Tesla and Samsung are trying to buy silver mining companies to ensure supply. Silver is going to explode before the end of 2026. And that’s not including if any geopolitical events occur. If that happens buckle up, there won’t be any physical silver on the market to buy.
Spot price is currently sitting at just under $73 an ounce as I type this. SD Bullion, Apmex and JM Bullion have silver rounds on sale for $80 and change per round. That tells you that the spot price is way off.
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I tend to agree. The tailwinds for Silver are immense at the moment. Yet markets rarely move in a straight line. After the run we've had in December a short correction or consolidation would not surprise. The last consolidation was done and dusted in about 5 weeks. My gut feeling is that this one could be a lot shorter but I'll let the price action tell the story.