Silver has long been undervalued and the current dip means an opportunity to obtain silver at lower...
Silver is down 0.9% so far in July after falling 2.9% in June.
Despite the narrow trading range that silver is currently in, hovering around or just under $30 an ounce, silver hit a major rally this spring, with gains of 14% in May and 7% in April respectively. Silver is still up for the year so far.
As we said in last week's article on silver supply and demand, silver spot prices have not even fully begun to find their footing in the current bull market. 2023 marked the third year in a row of a deficit in silver production, and the silver market deficit is expected to grow even larger in 2024 as supply stagnates and industrial demand increases. Yet, silver spot prices are not yet reflecting this. Simply put, silver is steeply undervalued.
On the investment side, silver will benefit from interest rate cuts when they finally come; the easing of U.S. monetary policy is expected to drive a notable rally in precious metal prices. Most market speculation remains around when the Federal Reserve might begin interest rate cuts, with the Fed’s favorite inflation measure, the personal consumption expenditures price index, coming out Friday.
The pause in this rally is excellent timing for those of you bold enough to recognize the opportunity at hand. Long-term fundamentals are bullish, so the current trading range provides an excellent buying opportunity. Silver is undervalued right now, but that is your potential gain.
All year long, ASI has been telling the story of silver... and we urge you to act before silver moves up. Silver tends to lag behind gold, and then react explosively, overtaking gold in terms of gains. Gold hit another record just last week, widening the gap and what we call the gold-silver ratio. There's time before silver catches up to all-time highs, but that time is running out...
This week, we're offering backdated sovereign silver coins from around the world to make it easier to add silver to your portfolio now. This offer is only good until Friday. Give us a call at 1-800-831-0007 or email us to place your order today!
1 oz. Sovereign Silver Coins
Just $2.49 over Spot
Your Choice:
Canadian Maples, Australian Kangaroos, or South African Krugerrands
*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. of silver. Free shipping, handling, and insurance are available for purchases of 500 oz. silver or more. Offer expires Friday, July 26, 2024, or while supplies last.
