We’ve been running into some interesting silver stories recently. Silver might be ready to finally make some major moves…
Hearing big analysts target $42 and $44 last week affirmed this. If we’re starting off with price targets, there’s no ignoring Philip Streible’s recent dive into silver price charting, which told him $60 could be underway.
He expects silver price constantly pushing upward to touch levels last seen in 2011. Streible thinks a $50 silver price is a middle-of-the-road prediction, while $60 silver is worth holding out for.
He also pointed out to some of silver’s fundamentals, including hitting a fifth consecutive year of deficit that could create a supply squeeze anytime. And industry is really burning through silver right now, setting up an absolutely historic supply crunch
Silver is now on the list of critical minerals that have strategic importance. (Why wasn’t it there already?)
Perhaps the most curious is to hear that silver has outperformed gold so far this year, rising by 34% compared to gold’s 28%.
Silver has always outperformed gold during bull runs. Even so, this is strange to hear. When gold has nearly doubled doubled in price to $3,500. Silver has definitely been absent headlines until relatively recently… Which just goes to show how great silver’s upside remains. And why we’ve been pointing to $50 silver for the longest time.
