Below is an article excerpt written by Lorimer Wilson of munKNEE.com. munKNEE.com is a new affiliate of eResearch.com.
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By Lorimer Wilson, editor of munKNEE.com – Your KEY To Making Money!
A great deal has been written about the supposed impending surge in the price of silver while a few other analysts have taken the exact opposite point of view maintaining that silver is going considerably lower in price per troy ounce. What will it be – $7/ozt. or +$700/ozt.? Below are highlights from articles written over the past few months outlining the rationale for such divergent views.
According to Kelsey Williams: “Silver, primarily an industrial commodity, is going to come under extreme pressure because of the slowdown in economic activity [as a result of the COVID-19 pandemic and is likely] headed straight for familiar territory below $10 per ounce, where it could stay for several years… Indeed, it might [even] go below $5 per [troy] ounce, though, and last for decades if the economy were to enter a depression (not recession).” Continue reading...
Gold Bug says: “The economy of China is slowing and U.S GDP growth figures are constantly being revised downward and this does not bode well for silver, because demand for commodities depends on economic growth and if growth falters silver could fall to as low as $7/oz, a level we would have previously found unimaginable.” Continue reading…
Kelsey Williams: “Silver is primarily an industrial metal, and industrial production slows during recessions. Indeed, every recession (a total of 7) in the past fifty years has seen declines in the price of silver varying from 20% to as much as 70% and in 5 of the 7 previous recessions, silver’s price continued to decline after the recession had ended.” Continue reading…
Jeff Clark says: “Gold and silver can crash in sudden market shocks but those shocks… eventually result in much higher prices. In other words, once the initial shock wears off and forced margin sales ease up, investors rush into gold and silver and push up their prices…This occurs during periods of both inflation and deflation although gold and silver both tend to do better in inflation.” Continue reading…
…to continue reading the full post of this article and the Silver prediction of the other 14 pundits, please visit “Is Silver Going DOWN To $7 Or UP To +$700? 18 Different Points Of View”.
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