Since the time tested investment adage always holds true, 'Past performance is no guaranty of future results' applies, the chart looks spot on today. Or not. Anybody care to play darts?
Our specialists use mathematical and statistical methods of prediction based on the existing historical data. They take into account the following factors with varying degrees of importance: cyclic recurrence, knowing correlation of market indicators, changes in the availability and attractiveness of the instrument for speculators, electronic and algorithmic trading growth, regulatory intervention degree and frequency of significant events over time.
Clearly they are bearish on silver...that would jibe with my bearish gold forecasters. I would BUY gold and/or silver if these near-term weaknesses materialize. In fact, I've told a few Inheritance Winners I am advising who were all gung-ho to buy at $5,500 a few months ago to pounce NOW.
Well, kudos to them for putting something out there on the record, so we can check how it's panned out a month down the road.
…And, the price fluctuates during the day. A better pair of metrics is 1) the high price reached that day and 2) the close price at the bell. A single index would be good but applying tracking to multiple indexes would be better. You’d want to be getting paid for doing this because it would turn into a full time job.
The explosion of silver over the past year is industrial driven, not investor. The technology sector requires massive amounts of the metal for silver-plated components. It's no coinidence when you look at the growth rate of data centers during the same period. That said, silver is about to go higher once more. Not lower.
A coin dealer I go to has one of those on the counter for the people who ask him what he thinks precious metals are going to do next.
If solid-state batteries capture 20% of the EV market, it could create demand for an additional ~16,000 metric tons of silver annually, which is over 60% of current annual global production.
The top four silver producing nations in the world control over 60% of the market. Peru is the number one silver producing nation. They produce approximately 20% of the world usage yearly. Daily the precious metals go up they go down or they go down and then they go up. Where they stop for the day as a plus or minus is unknown until the day is over and trading has stopped. Silver had a fantastic run up last year as the other precious metals. I don’t know whether silver will be higher at the end of the year or lower than it is now or when it was on January 1 of this year. I do know that industrial demand is higher than it’s ever then it’s ever been. I do know this is the sixth year in a row that demand is outstripping Supply. I do know technological advances are requiring silver over all other metals. All this intern tells me that the supply of silver will continue to be low and the price of silver will be forced to go higher. It’s just a matter of time. Obviously when is not now. Even though silver has dropped roughly $50 from its high and it’s still $25 higher than it used to be people are still cashing their silver in and taking profits. As for me, I’m not buying unless I can buy it well below spot. I’m more likely to buy coins at today’s prices then I am bars or rounds. I’m content to hold what I have even though I could make money selling what I have. I don’t really play the speculation game, but I am convinced that in time, short time, it will go up higher, so I’m willing to hold and wait.
