Andy Schectman: ‘We Could See Silversqueeze on Steriods’

Arcadia Economics, Released on 2/28/23

Gold and silver prices have been declining again over the past week, largely in response to the Fed minutes and governor speeches suggesting that they are now considering raising interest rates higher than previously expect, and holding them there for longer than once expected. So as a result, the precious metals futures contracts have been selling off on the COMEX. Yet despite the sell-off, the conditions that have led people into the metals still exist, and are perhaps more exacerbated than ever. Which Andy Schectman of Miles Franklin talks about in this week’s physical silver report. Because despite the unusual environment we’re in, where it’s seen as a negative for the metals when inflation readings come in higher than expected, the inflation is still there, and the dollar is continuing to lose its purchasing power. The silver inventories remain on the low side as the deficit continues, and ultimately it’s still difficult to see a longer term outlook that doesn’t involve more money creation and quantitative easing. So to find out more about why many investors continue to turn to gold and silver, click to watch this video now!

Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals.

Chris Marcus worked 2 years at bond rating agency Moody’s, has an MBA from Wharton, and also worked 7 years as an equity options trader for Susquehanna International Group on the American and New York Stock Exchanges, before leaving in 2012 to create Arcadia Economics. In addition to publishing Arcadia’s Monthly Market Snapshot, he also currently writes market commentary for gold and silver dealer Miles Franklin,, and several others.

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