500% Increase in SILVER Demand! Hold Your Gold & Silver Until THIS Happens - Alasdair Macleod
The silver market is experiencing significant shortages and a liquidity squeeze, pushing prices to new heights. Alasdair Macleod, a prominent figure in the precious metals market, notes that these pressures contribute to a rapid rise in silver prices, with some speculating that silver could outpace gold even faster. On Friday, April 12, silver prices approached the psychological barrier of $30 per ounce for the first time since 2021, reaching a three-year high of $29.80 amid escalating geopolitical tensions between Iran and Israel.
In the trading session, silver climbed 2.3%, hitting a nine-day high after breaking above $30 near the end of the session. This increase in silver prices also spurred a delayed but noticeable rise in gold, which saw a 0.6% increase ahead of the European market opening.
Macleod, who holds substantial amounts of silver, anticipates that silver will continue outperforming gold until the gold-to-silver ratio drops between 30 and 50. At that point, he may reconsider his position. Currently, silver is facing intense pressure as the gold/silver ratio rebounds towards the 78.50 level.
According to Macleod, the demand for silver is not solely driven by market liquidity issues. Despite a limited supply, ESG (Environmental, Social, and Governance) factors play a significant role in bolstering demand. Silver is crucial in the green energy transition, particularly in producing photovoltaic solar panels. Each solar cell uses approximately 111 milligrams of silver. While thrifting has reduced the amount of silver needed in solar cells, analysts suggest that this trend has stabilized, and further reductions in silver usage are unlikely.
Alasdair Macleod highlights that the United States is grappling with significant challenges in maintaining the dollar's global dominance amid its escalating debt issues. He suggests that a potential dollar collapse is not a question of "if" but "when." Adding to the concern, the International Monetary Fund has warned about a "striking" decline in the US dollar's share of allocated foreign reserves held by central banks and governments. This shift underscores the growing uncertainty about the dollar's future as the world's primary reserve currency.
President Joe Biden is contending with rising inflation and a weakening economy, which Alasdair fears could lead to stagflation—a combination of stagnant economic growth and persistent inflation. Historically, such economic conditions have led politicians to deflect blame onto foreign adversaries and implement measures like price controls, which often prove ineffective.
Recent reports from the federal Bureau of Labor Statistics provide a mixed picture. The annual inflation rate fell to 3.3% in May, down from 3.4% in April and 3.5% in March. President Biden hailed the latest inflation report, which indicated that consumer prices did not rise in May compared to April. This marks the first time since 2022 that US month-over-month inflation remained flat. "Prices are still too high, but today's report shows welcome progress on lowering inflation," Biden said.
Follow on X: [ Ссылка ]
"Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you're a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals.
Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips"
We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news.
We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video!
#gold #goldpriceprediction #alasdairmacleod
Ещё видео!