This article was suggested by our friends at Endeavour Silver.
Gold prices, which are up more than 35% during the past four years, recently eased into a trading range following a double digit price jump during 2019. So far this year, silver prices are running just slightly behind.
Long-time traders liken silver to “gold on steroids” because in past rallies it has tended to lag the yellow metal at the start, but then vault past as retail buyers flocked in.
I remember well silver nearly tripling in value to nearly $50 USD an ounce amidst the 2008 financial crisis.
We are seeing many of the same signs right now. Silver shipments by the Royal Canadian Mint spiked by 42% during the third quarter and are up 29% year to date.
Wholesalers tell me they can’t get enough of the stuff, particularly 100 ounce silver bars….CLICK for complete article