Disconnect In Silver Market: Silver Prices Could Make Run For $50/Ounce

This One Thing Could Send Silver Prices Surging to $50 or Higher

Ignore the noise and pay close attention to the price of silver. It’s possible that the gray precious metal is setting up for a massive move—a move that could take silver prices near $50.00 per ounce or higher.

That’s because there might be some sort of disconnect in the silver market right now. The longer the disconnect remains, the bigger the upside could be once fundamentals come into play.

Disconnect in Silver Market: Silver Prices Could Make Run for $50/Ounce

You see, at the moment, there seems to be a massive increase in physical silver demand. No, this is not a gut feeling on my part; you can confirm this yourself.

Consider this: the U.S. Mint recently said it’s having a very hard time meeting the sky-high demand for gold and silver bullion coins. In 2020, the mint’s silver coin demand jumped 28%, and that demand has been robust since the beginning of 2021. (Source: “Gold, Silver Coin Demand Surging, Straining U.S. Mint’s capacity,” February 2, 2021.)

Go check any major precious metal dealer: almost all of them will say they have massive orders coming in for silver, and that they’re experiencing several-day delays when it comes to processing those orders. Plus, the premium to buy silver has shot through the roof. This is also an indicator of how much demand there is for the metal.

Ken Lewis, CEO of APMEX, Inc., a reputable precious metal dealer in the U.S., not too long ago said,

In the last week, we have seen a dramatic shift in silver demand from our customers. For example, the ratio of ounces sold per day was running about two times earlier in the week and closer to four times the average demand by the end of the week. Once markets closed on Friday, we saw demand hit as much as six times a typical business day and more than 12 times a normal weekend day. Combined with the extremely high demand levels, we are also seeing a surge in new customers. On Saturday alone, we added as many new customers as we usually add in a week.

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Disclaimer: There is no magic formula to getting rich. Success in investment vehicles with the best prospects for price appreciation can only be achieved through proper and rigorous research and ...

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