Kinesis Money, Released on 11/8/24
In this week’s Live from the Vault, Andrew Maguire is joined by Peter Krauth, author of the bestseller The Great Silver Bull, to discuss silver’s rising demand from the solar and tech sectors, with a focus on India’s role in reshaping the global market. With silver’s price on the verge of a major shift, Peter explains how the explosive growth in industrial demand, coupled with the rapid depletion of available supply, is creating an ideal environment for investors.
Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial and commodity markets. Andrew sits on the advisory board of a global physical bullion exchange and is a consultant advisor to many international hedge fund managers, bullion banks, directors and metal traders globally.
Andrew Maguire & Peter Krauth: Silver Supply Crunch: Goldmine for Investors! added by Herman James on
View all posts by Herman James →
The price of silver has fallen since Oct 22, when it peaked at $34.80/oz.
When Trump triumphed in the election, the price broke through the $32.50 support level, which the Silver Bulls said it had “decisively” surpassed, and is now slightly above the $30/oz level.
This is not encouraging for those who are over-invested in silver.
Silver is now down more than $4/oz from its high on Oct 22; its current price is $30.69/oz, well below the support level of $32.50.
Once again, the big “breakout” for silver promoted by the silver permabulls has failed.