Silver Popping

Hi Friends,

As a silver investor, I was encouraged to see a nice pop today! Check out the run:

Silver has been seriously lagging gold and the gold to silver ratio continues to be well higher than historic norms, so it was really a matter of time before silver went on a run. As noted by the experienced silver stackers in the Silver Gold Stackers Discord channel, there is chatter of the US Mints facing a silver shortage on fewer mines in operation and increased demand.

The coin and bullion dealers have also had increasing premiums over the last few months, and the days of near spot deals seemed a distant past as even generic silver has a big premiums. You would also have expected a run in silver during the COVID-19 outbreak, but it really didn't happen like people were expecting.

On the bearish side of silver prices, I read a Bloomberg article today saying that Wall Street is throwing money at junior gold miners right now, so an increase in mine activity will certainly lead to an increase in silver production, as silver is a big byproduct of gold and copper mining. Here is a link to that article if you wanted to check it out:

https://finance.yahoo.com/news/wall-street-throwing-billions-once-233147743.html

Regardless, I am continuing to hold silver right now. If gold gets backup to $2,000 an ounce like many people are calling for, it would not be surprising to see $30 silver around that time... we shall see.

Thanks for coming by today,
Brian