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(VIDEO) 5 of 6 – Today’s Silver Boom: Is Silver Disappearing?

Posted By Isaac Nuriani |

We need it now more than ever – and its scarcity pushes price up.

This is the fifth in Augusta Precious Metals’ lead analyst Devlyn Steele’s series on what he believes is a coming silver boom. (He has successfully predicted things like this before.) In this week’s video, he explains how the high demand for silver combined with the dwindling supply influences silver prices –good old-fashioned supply and demand.

When we say silver’s supply is dwindling, does that mean it’s disappearing? In the video, Mr. Steele is joined by Augusta economic analyst Clint Doll to answer that question. Silver is an element that doesn’t go away. But getting to the silver supply is complicated and industry hungrily uses it. You are using silver yourself every day in your electronic devices.

Mr. Steel believes silver prices will only keep climbing – he’s not the only one who thinks so. He shares a list of big institutions that are holding silver now. You will be surprised who is on the list!

A Difficult Fall Indicates Now is a Good Time to take a Silver Position

In addition to the scarcity and high demand for silver, a number of other factors have created a super opportunity to own silver. In the video, Mr. Steele explains the two main drivers of silver prices – and the reasons he has personally invested in silver at this time.

In addition, impending geopolitical and economic conditions he expects to peak this fall are likely to further affect the price of silver based on the precious metals’ price track record during times of economic difficulty. Mr. Steele reveals the mounting stresses he believes will come to a head as summer comes to an end.

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