Post by
BaldSilverHead on Jul 06, 2024 12:31pm
Shanghai has less than 27.27 million ounces of Silver
Discovery Silver is forecast to produce about 33 M ounces a year average over lifetime of mine. (1.5 silver eq. Ounce per share). You don't think it will be permitted? Meanwhile, SLV etf is down in inventory despite the rise from $22 to $31. Comex and LBMA are so hard to read but down roughly 30-40%. Shanghai down about 50%. The market inventory is shrinking fast if the Reddit crowd or a few whales start in and join the East's retail buying by citizentry then $50 silver will soon be in rear view mirror followed by $100 in short order. In my honest opinion I believe you are seeing the beginnings of this rout and short covering. (Independence Day for Silver) I also believe with unemployment rising past 4% (a critical indicator of recessions along with inverted yield curve) and I believe FED WILL CUT IN JULY kicking Ag way up. GLTA