Could silver break-out like it did in 2011?

Ahead of the Herd/Rick Mills/2-10-2020

“The silver market today is obviously quite different from the one in 2011 that saw silver jump to an all-time high of $49 an ounce. Could it run that far again? We believe so.  Consider: industrial demand for silver, particularly photovoltaics, is heading up, and should get another lift if and when the trade war with China is put to rest. Investment demand for silver also looks solid, with no end in sight to the low-interest-rate policy direction of central banks.  Add higher demand to shrinking supply, lower grades, and less silver by-product credits from falling lead and zinc mine production, we see a floor forming under silver prices.”

line chart for silver, monthly, 2001 - pres

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