Kitco News, Released on 10/1/21

Once silver breaches $30, there would be minimal resistance keeping it back from hitting $50, said Steve Penny, publisher of The Silver Chartist report.

Penney told David Lin, anchor for Kitco News, that $50 or even $30 an ounce for silver is unlikely to happen by the end of the year.

0:00 – Gold & silver relationship
2:00 – Gold/silver ratio
5:40 – Mainstream adoption
7:10 – Silver price manipulation
9:05 – Price performance
11:48 – 1980 silver price peak
12:45 – Catalysts for $50 silver
13:50 – Metals and monetary policy
15:25 – Silver’s monetary role
17:00 – Siler price forecast

Steve Penny is a full-time trader specializing in silver, gold, and uranium. Steve Penny’s Silver Chartist: https://www.silverchartist.com.