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Analyst sets date when Silver will hit $50
“The silver market is telling two completely different stories right now,” said Jeremy Szafron, the lead anchor at Kitco News, regarding the precious metal’s relationship with the broader U.S. economy last week. On the one hand, silver futures were pulling back to the $41 mark, while on the other, real bars and coins were showing signs of a deep and persistent supply deficit. Now, a week later, on September 12, silver has hit its highest closing price in 14 years, trading above $42.20 at the same time as gold has come back above $3,650. A number of investors are accordingly weighing in on what appears to be the ... (full story)