On the discovery of the sharp increase of 60% in the number of new long traders (29) and the total gross longs of 30 million oz. of silver over the past five reporting weeks: such an occurrence most likely involves collusion.
Mexico has regularly outputted 5,600 tons of white metal over the past 10 years, but has seen its reserves dwindle to just 37,000 tons. If mining continues at the current pace, Mexico’s silver reserves will be exhausted by the end of 2026...
Consider that silver is currently at one of its most undervalued levels in history, especially compared to gold, as the gold-to-silver ratio currently stands at 85.
Silver faces two strongly opposing price forces, neither of which shows signs of letting up. But the forces of price suppression, even though led by those at the pinnacle of power, have been so successful in suppressing silver prices that this success is now in place to work against them.
Historically, silver tends to do well in the later stage of a gold rally and usually hits a new high. That means silver will likely test the 50-dollar mark and is likely to exceed it.
The physical demand in silver at the wholesale level continues unabated -- and shows absolutely no signs of slowing down. Almost all of what's left in the various public ETFs and mutual funds is not available for sale...including the COMEX, where new silver has to be brought in from other sources..
Total demand for silver for use in Hydrogen Fuel Cell cars, trucks, vans, ships, barges, yachts, ferries, boats, and HVAC will be 10 Times Greater than silver in Solar Panels.
The President and CEO of Kootenay Silver Inc., James McDonald, joins GoldSeek TV to discuss the latest drill results from their high-grade Columba Silver Project.
Live from the Zurich Precious Metals Summit, GoldSeek TV speaks with mining industry executives and experts. 20 interviews were filmed at the Precious Metals Summit in Zurich on November 13 and 14.
