Those Betting Against Silver Prices Now Could Be Kicking Themselves Later
Silver prices have fallen a long way from their 2011 highs, but there are some indicators showing an upswing for the silver price forecast. Silver had previously hit a peak of $50.00 in 2011, but the weight of monetary stimulus finally broke silver prices down by nearly 70% to their current level of $15.89.
There are two factors in the upcoming silver boom: China’s bid for reserve currency status and the silver-to-gold price ratio. The former will propel silver prices over the short term, while the.
The post Silver Prices Could Surge 420%, If This One Thing Happens appeared first on Profit Confidential.
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