Silver dragon awakens
Repost from 3-31-2021
“Silver is poised to shine in the coming years due to very strong fundamental factors. The most important among them is the ongoing Green (eco-friendly) revolution. These initiatives require huge quantities of silver, which contrasted with the declining mine production, means that silver will be enjoying favorable demand/supply dynamics for many years. … Silver has been gaining popularity among younger investors. In late January, Reddit’s wallstreetbets users targeted silver. The metal saw frenzied activity. Hashtag #silversqueeze hit the front pages of many market publications, and in three brief days, silver prices rallied roughly 25%. Implied volatilities doubled within a few days for the third time during the last 12 months showing that potential for a huge move is there.”
USAGOLD note: The silver price might be down, but demand is not. We are having one of our best 12-month stretches ever at USAGOLD for silver bullion coin sales.