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Silver is an Eastern Bought Powder Keg Readying to Blow
SD Bullion
English - April 29, 2024 22:43 - 21 minutes - 38.4 MB - ★★★★★ - 12 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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This week's market update argues that a silver price surge is coming due to strong demand in the East, particularly China and India. Record silver imports by India, exceeding the US Mint's American Silver Eagle sales in the past 5 years combined, are driven by growth in solar energy and battery production. China's surging solar panel demand is creating a premium for silver, and their silver stockpiles are shrinking. Despite recent price drops, the analyst believes bullish fundamentals will prevail due to undervalued silver and overvalued fiat currencies.