Silver Volatility Gonna Be High Macro picture commands attention. China reversed its zero Covid policy. Immunization program in China hasn't kept up. Cases will spike and, tragically, kill millions within its borders. After this event peaks in Spring, Chinas economy will recover. That is, if the communist government can guide the country through the coming turbulence. They will likely make mistakes.
Demand side for silver and copper will outperform as the country recovers. Silver is acting like a precious and industrial metal as it always does. But the case on either side is driving valuation up.
Silver above 30 dollars is around the corner. Copper above 4 bucks is here to stay.