Silver price beaten down but investors can’t find any, so what’s going on? Peter Hug responds
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- Опубліковано 11 чер 2024
- Silver’s future is bleak as a recession could wipe out any industrial demand left for the metal, this according to Peter Hug, global trading director of Kitco Metals.
Monetary policy was not enough to calm investors, Hug noted, as markets reacted negatively to the last Federal Reserve rate cut made last Sunday.
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Strange, silver is going down, but when you try and buy, a lot of it is "Sold out"!!!!
Your comment is prescient. I'm in the future in the middle of the great Silver Squeeze. Still not enough silver to go around at $30.
My question is - Why does silver go down when the market goes down and silver goes down when the market goes up?
JP Morgan short sells they own the market if JP Morgan goes bankrupt silver sky rockets.
@@steakershocks didn't JPMORGANs name just get mentioned in some CCP US voter fraud article.
@@scram8188 JP Morgan paid 920m in fines for spoofing the silver markets. The bullion banks manipulate silver everyday. They short sell they have an incentive to keep prices low. Ever since they made that fake ETF SLV/GLD. Fake paper ETFs. The government has an incentive too to make precious metals not as valuable so everyone values their fiat. Question is how long till people find out and this shit gets reset. US government printed out 25% of the money supply this yr so imagine a country has 100m total money now we got 125m. Notice how bitcoin, stocks, etc. Go up and silver stay relatively the same. In times of fear and panic you'd think "oh people will buy silver/gold." Silver legit got so cheap right after covid makes no sense other than manip. Real questions are how long can the bullion banks keep manipulating? How long can the governments of all countries keep printing off more money for bail outs? Meanwhile don't mind China they're hoarding silver/gold. And they banned bitcoin.
@@steakershocks when did China ban Bitcoin?
wall street human garbage is why
Forget silver. Invest in lead. (full metal jacket)
I liquidated my paper GOLD. I'm holding on to my PM sovereign coins. I don't think ANY ETF is worth holding.
Watching this on May 8th, silver spot is at $15 but actual physicals are selling for $24. This is how you know that the stock markets are manipulated.
I don't understand, can you explain the link between spot vs premium price differences and manipulated market ?
@@jo_xq58valkyrie21 good question pitty he couldn't be bothered answering
I will not pay these exorbitant premiums. In some places the 1 oz prices are higher now, than when silver was close to $18.00.
Buy paper silver?? Yeah, no thanks. My REAL silver held it's value just fine and will in the future...
ETF silver is for suckers.
If you don’t hold it physically, you own nothing.
Daniella and Peter, great interview! The question that didn't get answered ; while I understand the massive selling to cover margin calls drives the price of precious metals down - - then why isn't the massive demand to buy silver with very limited supply, driving the price back up? Many people are willing to pay more, but can't even buy it !
I been thinking J.P.morgan the whole time this man was talking. It's ok to say it. Everyone knows.
This too will pass.
Danielle Cambone is THE BEST at Kitco. Great interview; excellent explanations.
Silver isnt getting dump,it selling at $25 per once...where you can find it.
Get rid of this paper market
FEAR is whats going on.. OUT RIGHT GOVENMENT FEAR AND MANIPULATION is what's going on.
its arigged game if you can see anything about this prices it shows its rigged
J P Morgan is beating it down!
Completely sold out in the UK.....
Thank you Peter and Daniella! Great interview👍. Incredible times we’re living in!
Stocked up on silver. Also Shortages here in England UK
They didn't run out, they're not gonna sell the silver they just bought a week ago for $15. False shortage !!
I wanted to buy some today. They just said call us back in 6 weeks to see if we have any. I did find one dealer but he wanted $35 per ounce. You think you got it bad in the U.S. 10 times worst in the UK.
Woah! This was 10 months ago? Sound like today!
I will sell mine with a premium of 15$ over spot, or I'm holding.
What happened to supply and demand? Markets are being manipulated.
Just Hodl your silver dont get Rid of it dont panic and sell it. Its gonna be worth way more than what the price reflects.
The complete loss of individual rights with no protest whatsoever reveals just how hollow America has become. Limitless government ahead.
Silver is way underpriced.
No dealer is gonna sell silver at a loss; no investor would pay high enough premium for dealer not to taka a loss at current price drop. Result: No Sale. Thats what happened.
I enjjoyed this interview -- have this man on again, please.
Absolutely great explanation in layman's terms! Thanks Kitco!
At this point these subject matter experts opinion are as accurate as anybody’s best guess!
great questions, i really loved listening to this interview, as a new investor i find following this whole situation far more understandable and whats really going on.
Good interview, he was 100% honest,
20:28 I concur. Great discussion.
Advise our clients to buy at $10.00, Mr. Valentine has set the price.
Thank you guys so much for answering the silver mysteries! No doubt this is the best silver discussion right now!
Save 21 min , regarding silver. JPM.
Great interview, thank you.
Excellent interview !! Lots of good information
I'm watching this video on the 18th and currently silver is $11.76 and gold is $1475.00. I think I'll pay more attention to what Peter has to say.
Two of the best out there.
Great discussion Daniella and Peter. Thank you!
She’s pretty
Silver is beautiful!!
Thank you Daniela, I'm very new to buying Silver and vintage coins. I've always loved Silver and I'm hoping to build a collection for my grandbabies. I've been worried about all this because I don't know anything about the markets and what might happen. I feel a little better about my Silver, after Pete said what he did. It's a scary time for a lot of people I guess. I'm subscribed now also. Thanks for the information!
what is happening? easy, bullion shops won't sell you any silver while it's cheap, they "pretend' to be out of stock.
Awesome Interview!
Seems like a really neat genuine guy. Best explanation of what's going on in silver that I've heard.
One major flaw in this analysis. The price of silver was so low prior to this meltdown that there are few mines producing silver. Most of the silver used in industry comes from production of other metals such as copper or zinc. If production of those metals falls due to a reduction in manufacturing, so does the supply of silver produced. Thus, a turndown in manufacturing should do nothing to effect the price of silver.
On top of this, one third to one half of the world's supply of silver has been sold short on the COMEX. In addition, there's LESS silver in inventory than there is gold. Think there's a problem? Yeah, with these analysts.
Excellent. Thank you for this video.
Thank you. What a fine interview. Really good information. Many thanks.
My dad fixed his plate with super glue for years.
Give Peter Hug a Hug! What a sweat fellow to be present for this interview. He spoke well. Well done.
Peter, thank you so much for making yourself available for this interview! You sound great! No worries.
Great interview and info, thanks!
I bought silver this morning. 10K worth of silver into my portfolio. My first metals investment so I think now is the time. Very happy.
Appreciate the honesty, thank you
Good interview
Why not buy a silver contract at the exchange for $12 per oz and just take physical delivery? Seems like a winner.
Will the silver futures meet the current physical demand? Or can this situation continue for much longer.
Great interview!
Thanks for an informative interview.
great info. Thanks
Extremely knowledgeable. Great interview 👍
Silver and Gold pretty much decoupled from the stockmarket now. If anything going in the opposite direction.
No more margin calls I guess, and investors focusing on Silver as a precious/monetary metal more than a commodity. Plus reduced mining supply.
Free to run up on sentiment now, as I see it.
Fantastic interview great information
I bought from Nevada Coin in Reno In United states and I paid $5 over spot for the silver American eagle and gold $60 over spot for the American eagle. . What I notice is a lot of gold coins missing in the glass case and I asked and they been selling a lot of gold. . I had no problems buying either gold or silver.
Really very good interview... why do not more people listen to this?
Great! This guy is good; thanks for the inside look.
Danielle still looking hot in a crisis.
At Kitco Hong Kong, Eagles are still going for around $18 a coin.
lovely woman...... wow.
Finally someone to talk intelligently about silver. I get so tired of hearing from the doomsday crowd. Great video!
You look great Pete, no worries xxx
I hope that bridge gets fixed! What a trooper! Appreciate you Peter! Thank you.
This is the best silver discussion!
Nice interview 💯
Great interview! Thank you. 😀
Great interview
Sorry, Daniella, too late, I already sold my house! I'm a renter now and I got a good deal on the rent!
Thank you both for a great interview
Very interesting.
A very Intelligent discussion. Learnt a lot
Peter is sharp as a rail!! Great Post!!
Good video. This was the conclusion I reached myself. The crash of metals is from folks raising $ to buy stocks.
Maybe off topic, but some of you guys played DOA on bounce mode ; )
06:15 min. reminded me of that "good old times"
😄 subscribed the channel 😄
thanks peter
Luv this. He's the go to guy on metals.
Daniellas gorgeous
Danielle is gorgeous!
Like a fine wine, Daniela, you just get better and better with time.
Great episode.
Nothing to panic about. This is actually fan-bloody-tastic. Time to get MOAR!!!
Silver will be really valuable after the crisis
I understand. The interviewed can not mention JP Morgan. That is the reason Kitco does not invite Ted Butler.
Peter is a trooper!
KITCO great to do business with. Thanks KITCO. Now get some more RCM 1 oz. silver coins.
This is a short term deflationary situation due to no work production as long as people are hunkered down. Silver should explode when the economy heats back up.
@12:32 my heart stopped for a second..
I'm long. Weak hands 😂 why leave you metals now. Lol. Short sighted