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๐Ÿšจ๐ŸšจWHAT'S DIFFERENT THIS TIME IN SILVER โ“๏ธโ“๏ธ Ed Steer breakdown of the difference between 1980 and now in the Silver market. For over 50 years they have suppressed true price discovery in Silver. Selling paper that was not backed by the Physical. Silver is in a 5 year deficit....

53,351 views โ€ข 5 months ago โ€ขvia X (Twitter)

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UPDATE: "WE ARE LIVING THROUGH HISTORY RIGHT NOW" - ED STEER ON THE SILVER CRISIS. ๐Ÿšจ Precious metals expert Ed Steer just gave one of the most urgent interviews of the year. His message is clear: the 50-year price management scheme is ending. โœ… "The parabolic run was just the tip of the iceberg. The party is just getting started." The Driver: A Historic Short Squeeze. โžก๏ธU.S. bullion banks have covered 29,000 COMEX short contracts since April. โžก๏ธFor the first time in history, they are now NET LONG silver. โžก๏ธBut they still hold a massive gross short position of 18,000 contracts. They are in a "lose-lose situation." ๐Ÿ’ฅ "This is the beginning of Ted Butler's 'Bonfire of the Silver Shorts'... The shorts are in dire straits." The Unstoppable Physical Reality. โžก๏ธWe are entering the 6th consecutive year of a structural supply deficit. โžก๏ธChina's new export controls (effective Jan 1) require a license to ship silver out. They control ~60% of global refined supply. โžก๏ธThe Shanghai physical premium is 13.8% above COMEX. "They just can't refine it fast enough." Why This Isn't 1980 or 2011. โžก๏ธ "This time it is totally different. This is a structural supply-demand deficit... It will be with us for 5, 10, 15 years." โžก๏ธ "The silver needed to fill this deficit has yet to be discovered." On Price & Strategy: โžก๏ธ"A three-digit silver price... is going to put a lot of trading houses in insolvency immediately." โžก๏ธ$500/oz is "not unreasonable" and could become the new floor. โžก๏ธ"I have physical silver in a vault. I ain't going to be selling an ounce of it... It is pure wealth." โ€ผ๏ธ"The silver needed to fill this deficit has yet to be discovered."โ€ผ๏ธ Silver Miners: The "Bargain of the Century." โžก๏ธThey have horribly underperformed the metal (up only 1.14x vs. silver's 158% gain). โžก๏ธ"I have the impression... that there's somebody out there definitely suppressing the price..." The Bottom Line: The desperate short covering and the unbreakable physical deficit are colliding. The paper market's control is over. True price discovery is ahead. HT: YouTube - Commodity Culture Jesse Day #Silver #Gold #PreciousMetals #ShortSqueeze #COMEX #Markets #Investing #Bullion #Commodities #Finance

Mark

148,732 views โ€ข 5 months ago

Silver is still strong. But will it stay at these levels long term? Will silver go higher? If owning silver bars is not your thing, the other way to play this is by owning silver mining stock. But the issue is that 75% of silver comes as a biproduct of copper, lead or zinc mining. Only 1% to 2% of their revenue comes from silver. So those types of mining companies don't care about the price of silver. There are very few mining companies that are primary silver producers, which is more than 50% of revenue from silver. The next thing to consider is, which companies can still expand their production? Which ones have really high grade ore? I only own two silver mining stocks. One of them is Aya Gold & Silver. US ticker is AYASF and the Canada ticker is AYA . to. I have owned it for several years. They are producing silver at their mine Zgounder in Morocco. They have a second project, called Boumadine, that will open in the future. They were already making great profits at Zgounder when silver was only $30 per oz. Their profits at $75 per oz are insane. The markets are not valuing the silver mining stocks at $75 per oz yet. Aya can mine silver at $19 per ounce and be breakeven. Their margin at $75 silver is currently $56 per ounce. That means Aya has an estimated annual operating cash flow of $336 million (at $75 silver). That is only for their Zgounder mine which is already operating. Their Boumadine mine is going to be 5x larger. If you believe in silver long term and don't want to own the physical metal, my top silver mine stock in my portfolio is Aya Gold & Silver. Canada company with it's HQ in Montreal. US Ticker: AYASF Canada Ticker: AYA. TO

Wall Street Mav

92,633 views โ€ข 6 months ago