Additionally, there are some overlooked catalysts that could buoy the white metal.
“Silver and gold prices erratically increase along with debt. Given that silver prices are near the low end of their 20 year ‘megaphone’ pattern, expect much higher silver prices. Further, the cost of production is increasing rapidly and the ore quality is declining. Expect prices to increase based on limited supply,” according to ETF Daily News.
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Looking ahead, the quickly expanding photovoltaic panel or solar industry could continue to drive silver demand. Installations and investment in solar panels, which incorporate silver for its electrical conductivity, are at record levels, reports Henry Sanderson for the Financial Times.
“Given the precariousness of the central bankers’ fiat currency Ponzi Schemes and the coming realizations about the intrinsic value of paper investments and debt instruments, silver and gold prices should move much higher in the next five years due to heavy demand,” adds ETF Daily News.
For more information on the silver market, visit our silver category.
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