ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
March 20, 2023 | Interesting Discovery
Ted Butler
“Quickly” is a word uppermost in my mind, as I try to fully comprehend the sudden collapse of Silicon Valley Bank (SIVB). SIVB stock traded at $700 just over a year ago, before, essentially, going worthless. It was the speed of the decline that was so unnerving. Quickly will also come to describe the inevitable turn higher in silver. It will be so sudden and extreme so as to make whether you were already in or not the most critical factor and not how low the price may have gone before the liftoff.
Considering the extreme tightness in wholesale physical silver, a price blowout is inevitable. In addition, retail silver demand is accelerating over concerns about the banking system. The decline in physical silver in commodity warehouses and elsewhere indicates a silver shortage is upon us. When all these bullish factors are added up, silver is the best thing you could own today.
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Ted Butler March 20th, 2023
Posted In: Butler Research