Author Says Silver Is About to Test a Major Resistance Level as the World Drains Inventories for a Sixth...
According to the author, silver is about to test a major resistance level.
At the same time, the world is draining silver inventories for the sixth consecutive year. The author says production peaked in 2016, even though prices have risen roughly 4x since then.
Most silver is mined as a by-product of other metals, so, according to the author, even surging silver prices do not necessarily incentivize higher production.
The author believes silver prices will rise much higher, but warns investors to brace for volatility.