Gold and Silver Price Prediction – Short Term Silver Rise Shines


Be the first to know when a new trade signal is out! Click here to sign up for email notifications.

The Potential for a Near-Term Price Spike for Gold and Silver as May Comex Futures Advance, A Reasonable Amount to Pay for 1,000 Ounce Silver Bullion, and Why April 2022 is different from April 2011.

CPM Group’s Jeff Christian discusses the short-term outlook for gold and silver. He talks about reasonable premiums for 1,000 ounce silver bars. He then discusses the possibility of a near-term price spike in silver prices as May Comex futures move higher. He reviews data from April and May 2011, when the May Comex futures roll pushed silver prices higher in April, only to fall back within five days of the roll over. He compares the silver market in 2011 to that of 2022, saying such a spike is highly unlikely given current market conditions, but highlights the effect that the forward rolling of nearby active futures can sometimes have on prices.

Warning: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. This is not a solicitation to trade commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for loss and/or damage resulting from the use of this publication.

Source link


Comments are closed.