 |
| Above, silver Franklin and 1964 Kennedy Half Dollars. Photo by Armand Vaquer. |
The way things have been going economically since January 20, 2021, some are wondering why silver prices are not higher than they are.
That being said, one must remind people that silver is higher than it was just two short weeks ago. It even surpassed $26.00/toz.
Kitco News posted five reasons why silver is not higher.
They start with:
(Kitco News) In response to the confusion around what's going on with silver prices, StoneX held a silver webinar, describing the precious metal as a Cinderella metal and giving five reasons why its price is not higher.
According to some estimates, silver prices should have seen a bigger rally this year due to the vibrant global coin demand and the recovery in India's physical demand. So why isn't that the case? StoneX listed five reasons.
1. Anaemic gold price performance
2. Professional disinterest — ETP and CFTC holdings are down
3. LBMA silver vaults provide ample silver supply
4. The physical market is much smaller than the professional market
5. Spot price does not respond at the grass root level, but local premia do
To read more, go here.
No comments:
Post a Comment