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« Fresnillo’s 2018 silver output hit record high, to be lower this year | Main | The Precious Metals Sector To Shine As The Fed Blinks »

Is The Future For Silver Shiny Or Not?


The first decade of the precious metals bull market was in hindsight a wonderful opportunity to generate profits by sticking with the trend. We were able to acquire both gold and silver at what now look like very cheap prices. The producers also gave us the opportunity to generate good profits with our funds invested for relatively short time periods. However, all good things come to an end and this bull market concluded in 2011 when gold peaked at $1900/oz.

Silver suffered the very same fate even though the number of applications for it increased with new technological advances. Silver prices peaked at $50.00/Oz and today silver trades at sub $16.00/Oz, registering a fall of $34.00/Oz or a loss of 68%. The ishares Silver Trust (SLV) mirrored the fall from a peak of $47.00 in 2011 to sub $15.00 today.

The Pros and Cons of a rally in silver prices

The argument for owning silver includes, but is not limited to, the following; supply and demand, industrial usage, jewellery, the proliferation of Fiat currencies, trade wars, the gold/silver ratio, various metrics, geo-political uncertainty, the rise of popularism in politics, etc. Most of this criteria suggest a stronger more robust silver market sector and collectively they should boost prices considerably.

On the other hand, against owning silver is that regardless of all of the above this sector has been battered and is still suffering. There are also costs for storage, transportation and insurance that are not reflected in the spot price of silver.

8-Year Silver chart

Every picture tells a story so we will take a quick look at the chart of silvers progress and it is not a pretty sight.

The trend is our...........


 gold is technically overbought and is correcting as expected.

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