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As Physical Supplies Dwindle, East Takes Control | Peter Krauth
Pricing power in the silver market is likely going to continue to move from West to East, says silver expert Peter Krauth (https://silverstockinvestor.com). He discusses the recent rise in silver prices above the critical $30 level. Prices are up more than 30% this year. While he expects higher prices long-term, it is possible that silver drops below $30 short-term during a consolidation.
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INTERVIEW TIMELINE:
0:00 Intro
1:15 Silver supplies
3:36 Shanghai Gold Exchange
4:51 Indian demand
6:30 Is $30 silver still a bargain?
8:39 $50 resistance level
11:30 Smart money moving into silver
15:34 The silver stocks
16:30 Is silver too expensive?
18:54 When to sell?
21:53 Krauth online
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