SLVO - Silver: Long-Awaited Bull Move Finally Approaching As Inventories Dwindle?
2024-04-01 13:52:48 ET
Summary
- Silver prices have been disappointing for decades but may be inching closer to a bull move.
- The supply/demand situation for silver has changed in the past three years, with deficits exceeding surpluses.
- Silver inventories have declined significantly in the past three years, creating conditions for a significant increase in price.
- However, inventories are still high compared to, say, 2007. The extent to which prices can increase will largely depend on whether current silver owners are interested in holding on or selling at current prices.
"It's been a long time coming." This is played at the start of Taylor Swift concerts and also aptly describes expectations of a bull move in silver prices....
Silver: Long-Awaited Bull Move Finally Approaching As Inventories Dwindle?