Is $30 Silver Within Reach?

While gold rebounded on holiday trading after two consecutive weeks moving down, this lift will likely be short-lived. Precious metals are under increased pressure from high interest rates that shows no sign of letting up. Recent CPI and PPI results have made it less likely that the Fed will cut rates in the next few months. Most investors now aren’t anticipating a rate cut until at least the second half of the year.

Silver fell 3.8% in January after dropping 6.1% in December and advancing 12% in November. Silver ended 2023 essentially flat, despite major market drivers indicating that silver is currently undervalued and should be ready to take off soon. 

More big moves are coming in silver over the next few years, if key metrics are to be believed. The Silver Institute is forecasting that investors will see silver spot prices reach $30 per ounce in 2024 as a record 1.2 billion ounces in demand are projected for the year. Drivers for demand, particularly on the industrial and manufacturing side, are expected to increase drastically over the next decade, while silver supply is set to diminish for the third consecutive year. The combination of dwindling supply and rising demand may send silver skyward over the next few years, so the time to act is now!

To help you take advantage of the current market situation, we're offering another way to add silver to your holdings. Give us a call at 1-800-831-0007 or email us to place your order today!

1 Kilo Silver Bars
Just $0.99 over spot*

*Prices subject to change based on market fluctuation and product availability. Prices reflected are for cash, check, or bank wire. Minimum order is 100 oz. silver. Shipping, handling, and insurance are included on any purchase of 500 oz. of silver or more. Bar selection is random and dealer's choice. Offer expires Friday, February 23, 2024, or while supplies last.