This is why silver prices could surge to $50 per ounce

LombardiLetter/Moe Zulfiqar/7-15-2019

“Silver prices are one thing that investors shouldn’t ignore. The gray precious metal is undervalued, and could reward immensely in 2019 and beyond. There has been a disparity in the silver market for few years now, and this could result in a major appreciation in silver prices. This is a bold statement, but don’t be shocked to see silver soar to $50.00 an ounce within a few years.”

USAGOLD note:  Appropriately, we post the link to this analysis on a day when silver has gained nearly 30¢ an ounce. The counter-intuitive upside of the past two days comes unexpectedly while gold has tracked marginally to the downside. It comes as a pleasant surprise for our many clients who own silver, especially those who bought it recently at much lower prices.  Part of the move, in our view, is catch-up, but we could also be witnessing some judicious, pro-active short covering. For those of you who missed it, please see this interpretation of what might be going on in the silver market posted last Thursday:

A whale is accumulating silver futures 

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