Silver forecast: Shortage to send silver prices soaring above $20 in 2019

Silver Phoenix/Jason Hamlin/1-31-2019

“That could all be changing now, as silver has become increasingly attractive to investors looking for undervalued asset classes or safe-haven investments. Silver is benefiting from the persistent trade war, government shutdown, weakening dollar and a more dovish Federal Reserve. The FED held rates steady at the FOMC meeting yesterday and stressed that they will be patient with future rate hikes. They also suggested that the FED balance sheet may not shrink much further.”

USAGOLD note:  Surprisingly, since gold and silver started their uptrend late last summer, both are up the same number – roughly 13%.  In other words, silver has not outperformed gold as many thought it would. – at least so far.  That doesn’t mean it won’t in the future. The gold-silver ratio is still nearly 83 to one and still bumping along near its highs since 1970 (See chart below.)

Chart courtesy of MacroTrends.net

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