AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.
9/30/2024:Is silver ready to run?
Source:
Greetings!
While gold set a series of new all-time highs in August and September, silver has lagged. But in the past week, following the Fed's jumbo rate cut and China's bazooka stimulus program, silver is starting to play catch up, retesting its May high just under $32.50 an ounce.
Meanwhile, global tensions are escalating, especially in the Middle East, driving more investors toward safe havens.
Is silver finally ready to break out and match gold's record-breaking rally?
In this silver-centric AGE Commentary, we'll drill down on the current market fundamentals affecting silver. We'll discuss its growing structural supply deficit and the new battery technology that could dramatically escalate global appetite for the metal. And of course, we'll analyze the latest charts to understand how these shifting forces will impact the silver price in the short- and long-term.
Finally, I'll tell you about our three superb specials for bulk silver buyers. For a limited time we have:
AGE's Gold Commentary
AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.
9/30/2024: Is silver ready to run?
Source:
Greetings!
While gold set a series of new all-time highs in August and September, silver has lagged. But in the past week, following the Fed's jumbo rate cut and China's bazooka stimulus program, silver is starting to play catch up, retesting its May high just under $32.50 an ounce.
Meanwhile, global tensions are escalating, especially in the Middle East, driving more investors toward safe havens.
Is silver finally ready to break out and match gold's record-breaking rally?
In this silver-centric AGE Commentary, we'll drill down on the current market fundamentals affecting silver. We'll discuss its growing structural supply deficit and the new battery technology that could dramatically escalate global appetite for the metal. And of course, we'll analyze the latest charts to understand how these shifting forces will impact the silver price in the short- and long-term.
Finally, I'll tell you about our three superb specials for bulk silver buyers. For a limited time we have:
2024 1-oz US Silver Eagles at 50 cents off per coin.
2023 1-oz British Silver Britannias at 70 cents off per coin.
1-oz Asahi Silver Rounds, produced by one of the world's top refiners, at just $1.99 over spot.
So please join me for this important tutorial on the current state of the silver market and its very bright future!
You can also view this video on the AGE YouTube channel, which includes a transcript.
Sincerely,
Dana Samuelson
President