Hi, ho, #silver! Can you get a better technical chart than this?
$SLV $PSLV $PAAS $WPM $RGLD $HL
$iShares Silver Trust(SLV)$ $Sprott Physical Silver Trust(PSLV)$ $Pan American Silver(PAAS)$ $Wheaton Precious Metals(WPM)$ $Royal(RGLD)$ $Hecla Mining(HL)$
Wow. Next stop 35 it seems. We anticipated this situation unfolding early on in @Stansberry Commodity Supercycles.
Silver stored in the LBMA continues to decline.
There simply aren't enough new major discoveries being made (and not enough new investments) to satisfy demand coming from investment, jewelry, and industrial applications combined.
We're due for our 6th straight year of supply deficit in the silver market.
Comments