The Silver Bulls have Taken Charge
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- Опубліковано 12 вер 2024
- Update: Thank you to everyone for commenting! Many of you mentioned silver's price drip last week back under $30. Obviously, timing is not perfect when you're reporting on a market that can shift on a dime, and videos take time to produce and schedule. Short term price swings week over week do not change the long term fundamentals however, so we're confident this video is still useful to those who want to better understand the market. Keep your eyes open on price action this week as the FOMC meeting on June 11th will include a summary of economic projections. We could see further volatility that may create attractive new entry points or recover lost ground.
Silver has been on a rollercoaster, trading between $29 and $33 per troy ounce for the past month. The current rally is sustaining on the back of industrial and investment demand. We examined whether indicators show if silver’s rally has the right fundamentals to extend, or if this rally is more likely to fizzle out.
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You probably should not have released this video the day after a $2 price drop.
Silver price will be like gold in 5yrs
We be riding the silver roller coaster! Silver, copper, gold all of it gets played by the big boys and we are just along for the ride... it is just nice to own physical precious metals. I feel like the dollar is weakening rapidly and we just see the precious metals cost more because of this. Good luck everybody. Get some!
If silver demand will only be growing because industry needs it, then it only makes sense to keep the price down. And keep it down.
good report. There has been some questions about the reliability of the Silver Institute lately.
Chen Lin - an “insider” to Chinese manufacturing , states that AI requires major amounts of energy and thus the country of India , as ONE example , is feverishly STOCKPILING physical silver as we speak . In fact , in more than just this year alone . Major solar farms are being needed globally , and with silver in its fourth year physical deficit ; this brings more evidence for the case for more silver needed . 70% of AG is presently coming from other mines than the few
“ pure play “ silver mines left on planet earth . This means it is a hit & miss byproduct ! There is , in closing , a REASON for the $3.00 to $4.00 difference per ounce MORE offered for silver on the Shanghai market as compared to the COMEX OR LBMA …
Peace ☮️
It was 30 dollars over 10 years ago and also almost 45 years ago. 30 dollars shouldn't be this big deal today, but somehow it is.
Better quality video than SD Bullion puts out, thank you Apmex.
I like the new way (such as this one); you are doing your videos now. Very educational and visually pleasing. Thank you.
Pretty excited over the silverbacks
I can only imagine how awesome the platinum and Palladiumbacks will be
I can see gold ending the year around 2525-2675
Excellent recap of silver and gold futures expectations! Keep up the good work.
Thank you! We're glad you're enjoying it!
Those price predictions are based off of rate cut assumptions. Rate cuts in 2024 are looking less likely by the day.
These small pullbacks are awesome. We have to build floors of resistance if we want to stop the whiplash ups and downs.
back at 29 today, looks like another fake-out to me.
According to the Bureau of Engraving and Printing paper money is only worth a few cents in paper and ink regardless of denomination...
Surprisingly sound assessment.
I have also been copper investing also, I’m not saying it’ll anything crazy anytime soon. However, just like other metals it is needed and I believe probably 10 years plus down the road I think it’ll be worth a little bit.
Keep this videos coming!
Thanks for the video........
thanks for the video
The world is in upheaval it’s possible in those conditions that the instability and uncertainty drives gold and silver up rapidly and above 2800.
id expect silver price going up to 35 dollars/ounce by end of the year, due to the factors mentioned on the video. That is why i have been investing heavily on silver for a quite a while now. And it is not even close what it could go up to.
LOVE THOSE BENJI'S AND FREE SILVER
I could see gold at 3,000 an oz before the years out
Gasoline has increased by 12 cents a gallon in 3 days. I think this is because Saudi Arabia is no longer using the U.S. dollar. Silver is a commodity, such as oil.
30 didn't last long.
29.34 / 1 t oz fs
This video came out a bit late
Do it!
Sick of this price up price down nonsense, if you like silver, buy it, out of favour with silver then sell it.
If you like silver does it matter if the price goes up?
Profits and losses are only realised when you've sold something previously purchased.
I had over 2500oz of silver, which I sold 90% of it over time at a reasonable return of 'profit'.
The proceeds, over time went into acquiring gold.
This retailed at £860 - £1700 over time.
Over time my gsr crashed from 100 - 1 to 2.5 - 1.
Keep enough currency so that parting with your metals is unlikely to be happening.
…. And lost steam as it always does
A real enforcement governing body could put a stop to this corruption immediately....
Stack and hold! 1st
No
You didn't mention anything about recycling silver. if the price went up too high the market will definitely recycle it just like copper and gold or even worse replace it in some industries with a cheaper conductor like copper. Remember, how the market switched from platinum to Palladium and vice versa according to price as they do the same job. I don't think it is economical to use silver in electronics while copper is cheaper and does the job just as good 😉
aaaa
SILVER WILL COME DOWN. GOLD WILL COME DOWN. BOTH WILL DEFINITELY GO UP ONCE DOLLAR WEAKEN BECAUSE OF LOWER INTEREST RATES. BETTER TO SELL BOTH NOW AND BUY THE DIP. THE BIG MONEY WILL BE MADE IN THE MINING STOCKS! 100%
Mining stocks 😂
your not a market analyst
It’s down 10% in the last week Einsteins