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Why silver’s 50%+ price movement is likely to continue
Devlyn Steele, Augusta Precious Metals lead economic analyst, is beginning a new series of weekly videos about purchasing physical silver to grow and protect retirement savings. He’s beginning the video series at this time because silver has far outpaced Mr. Steele’s own silver price predictions for the year already. In fact, as he says in this week’s Touchpoint Video, silver has risen in price by more than 50% since March 12, 2020. He has a new prediction for the value of silver through 2020, which he covers in the video.
The video helps retirement savers learn more about the Silver Boom and fundamentals sending a clear signal silver is “ready to explode.” Of course, no one knows exactly what will happen, but it’s possible to look at the behavior of silver prices in the past, then compare them to what was going on in the economy at that time and make an educated guess about today’s markets.
Silver Price Movement Affected Directly by U.S. Debt
According to Mr. Steele and his colleague Clint Doll, the recent explosion of silver’s value has to do with the metal’s “secret price driver:” debt. It’s important to understand how debt directly drives the price of silver. In this installment of the silver boom series, Mr. Steele covers the state of U.S. debt at this time and how it can influence a sinking devaluation of the dollar (and your own retirement account totals). One of the problems has to do with a bad habit of the Federal Reserve – well-meaning, but problematic economic actions. And the pandemic has made those actions even more destructive.
Devlyn Steele is known for being ahead of the curve with his gold predictions over the past two decades. Watch this video and upcoming weekly Touchpoint Videos to learn what he’s thinking about silver from now to the end of the year. Also, consider signing up for Augusta’s exclusive guide or a one-on-one web conference with Mr. Steele to learn more.
Lead Economic Analyst
Augusta Precious Metals