- BullionStar
- Posts : 7
Join date : 2024-02-16
New Report: Why a Powerful Silver Bull Market May Be Ahead
Tue Apr 23, 2024 6:53 pm
Hello, everyone! We've just published a detailed report that explains why a powerful bull market may be ahead and how it is likely to evolve into a silver squeeze:
https://www.bullionstar.us/blogs/bullionstar/why-a-powerful-silver-bull-market-may-be-ahead/
Here are some highlights from the report:
1) Silver is quite cheap by historical standards. See the inflation-adjusted price of silver, for example:
2) The ratio of silver’s price to the United States M2 money supply also shows that silver is quite undervalued by historical standards:
3) The current gold-to-silver ratio is a lofty 84.3, which means that silver is extremely undervalued relative to gold based on historical standards:
4) Strong demand for silver and lackluster supply growth has created a structural deficit in the silver market for the past few years:
5) The past few years' silver deficit is causing the above-ground supply of silver to dwindle at a rapid rate:
6) Silver has recently broken out from a long-term triangle pattern, which means that a powerful bull market is likely ahead that could take silver to its prior 2011 highs of approximately $50 and even higher after that:
We hope you read the whole report, which has many more charts and additional points:
https://www.bullionstar.us/blogs/bullionstar/why-a-powerful-silver-bull-market-may-be-ahead/
Please let us know what you think in the comments!
https://www.bullionstar.us/blogs/bullionstar/why-a-powerful-silver-bull-market-may-be-ahead/
Here are some highlights from the report:
1) Silver is quite cheap by historical standards. See the inflation-adjusted price of silver, for example:
2) The ratio of silver’s price to the United States M2 money supply also shows that silver is quite undervalued by historical standards:
3) The current gold-to-silver ratio is a lofty 84.3, which means that silver is extremely undervalued relative to gold based on historical standards:
4) Strong demand for silver and lackluster supply growth has created a structural deficit in the silver market for the past few years:
5) The past few years' silver deficit is causing the above-ground supply of silver to dwindle at a rapid rate:
6) Silver has recently broken out from a long-term triangle pattern, which means that a powerful bull market is likely ahead that could take silver to its prior 2011 highs of approximately $50 and even higher after that:
We hope you read the whole report, which has many more charts and additional points:
https://www.bullionstar.us/blogs/bullionstar/why-a-powerful-silver-bull-market-may-be-ahead/
Please let us know what you think in the comments!
- denby
- Posts : 322
Join date : 2021-07-25
Age : 73
Location : Scotland
Re: New Report: Why a Powerful Silver Bull Market May Be Ahead
Wed Apr 24, 2024 8:01 am
Great silver report.
China USD silver prices about $3 higher per oz than the current Western prices per oz.
Silver will keep travelling from West to East.
India and other Eastern countries are on a buying spree.
West will lose the power to manipulate these prices very soon.
About time too, a bit of real price discovery would be a nice change. To see a free market in PM's would be quite exciting for us to witness.
China USD silver prices about $3 higher per oz than the current Western prices per oz.
Silver will keep travelling from West to East.
India and other Eastern countries are on a buying spree.
West will lose the power to manipulate these prices very soon.
About time too, a bit of real price discovery would be a nice change. To see a free market in PM's would be quite exciting for us to witness.
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