Phil Carr
The Gold & Silver Club
Silver prices are currently fluctuating around the $25 an ounce mark amid a surge in the pandemic and concerns that the highly contagious Delta variant of the coronavirus could derail the global economic recovery.
However, if you look at the bigger picture, fundamentally, nothing has changed. Central banks around the world remain firmly committed to their massive quantitative easing programs, while allowing inflation to run hotter than usual, for some time yet.
And let’s not forget the whole ‘Infrastructure spending boom and Green Energy Revolution’, which is currently taking shape across the global economy.
That in itself presents an incredible opportunity for traders to increase their exposure in Silver at a huge discount before it really takes off.
Silver is not only an excellent inflation hedge, but it’s also a key component in everything from electric vehicles, renewable energy to 5G technology. Based on our proprietary research, photovoltaic demand for silver could exceed 3000 tonnes in 2021, while the 5G rollout – which is only just beginning – will be a major driver of demand for years to come.
Goldman Sachs sees silver prices rising to $33 an ounce in H2 2021, boosted both investment and industrial demand for the precious metal – and our research suggests similar.
In my opinion, Silver is still definitely the best trade right now and any substantial pullbacks should be viewed as buying opportunities.
Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:
Trading has large potential rewards, but also large potential risk and may not be suitable for all investors. The value of your investments and income may go down as well as up. You should not speculate with capital that you cannot afford to lose. Ensure you fully understand the risks and seek independent advice if necessary.
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