$ProShares Ultra Silver(AGQ)$ "For silver, a global supply shortfall has persisted for six years, with prices supported by industrial demand, particularly from the new energy and electronics sectors." Above everything and every noise you are hearing by now, this one fact is what you have to pay attention to. Silver is getting more in demand at the same time time the miners are findng it harder to produce enough to satisfy. Basic economics teaches that where there is more demand versus reduced supplies, prices can only go up. Silver is the new gold. Silver is the real thing.
"For silver, a global supply shortfall has persisted for six years, with prices supported by industrial demand, particularly from the new energy and electronics sectors." Above anything else, especially this fear created by the flip-flopping of Trump and the war he started, this is the absolute truth that you have to note about silver. It is getting scarce, and if is absolutely essential. For me, everytime it dips, just keep buying.
Precious Metals Rally on Geopolitical De-escalation, Moneta Markets Reports
On April 20, Moneta Markets noted that prices for gold and silver have seen significant recent gains following the reopening of the Strait of Hormuz during a ceasefire period. The announcement by...
$ProShares Ultra Silver(AGQ)$ Things seem to be settling down for the day after hte initial early trade panic. Perhaps this is a time to take a position and ride the wave up from here ?
$XAG/USD(XAGUSD.FOREX)$ Iranian truce looks like it won't hold now that the US has attacked an Iranian cargo ship. The second round of peace talks has been cancelled. This is why we are seeing Silver, Gold andstock futures starting the week low. We may likely see some retracements down today. Wait for opportunities to buy in. But not today. Give it a few days to see what trend is first. Remember, never hope to buy at cheapest, never hope to sell at highest. Don't let greed eat you alive.
Iran is following Trump's behaviour. One step forward, two steps back. Trump's Art Of The Deal. And market will probably react negatively on Monday again..... Sigh.
Iran's Revolutionary Guard Closes Strait of Hormuz Again, Citing U.S. Blockade
Iran said Saturday it will close the Strait of Hormuz again and maintain restrictions on shipping until the U.S. lifts what it described as a naval blockade on Iranian vessels and ports. The statement, attributed to the Islamic Revolutionary Guard Corps navy, said some civilian vessels had previously transited under its coordination, but accused Washington of violating cease-fire terms by failing to remove maritime restrictions.It warned that no ships should leave anchorage in the Persian Gulf or the Gulf of Oman, adding that any vessel approaching the strait would be treated as "cooperating with the enemy" and could be targeted. The statement added: "The Strait of Hormuz will remain closed until the blockade is lifted," and urged vessels to follow only IRGC navy instructions, dismissing U.S. statements as invalid.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL .
$XAG/USD(XAGUSD.FOREX)$ Gulf talks gaining pace. Both sides needs to end this stupidity really fast. So too the Gulf states as well as the rest of the world. Precious metals will be resuming their business-as-usual movement, which is talking AI and Chips, etc. Silver will be the main metal to benefit from this.
Very impressive recovery seen over the last week. A bit of yo-yo at the start but now settling in to a super-bullish phase. We may again see some volatilty but for the longer term holders, just key view on the megatrend. Silver is a precious metal that has universal indistrial applications. The AI and Quantum theme that is driving the Tech boom now needs Silver, along with rare earth. Even clean energy industries like EV and Renewable energies needs Silver. Put all these together, do not be surprised that Silver will get back about $120 again. Watch this space.
Both sides needs a win. And they need thisvery costly war to end. We may see a formal peace agreement happen by the end of the month. It was very foolish of Trump to think he could finish Iran off easily. Even more of a fool to have been played by Netanyahu as he had been.
Iranian Foreign Ministry: Iran and the United States Differ on Two or Three Key Issues
According to Iran's Fars News Agency on the 12th, an Iranian Foreign Ministry spokesperson said that Iran and the United States have reached consensus on some issues but have differences on two or three key issues and ultimately did not reach an agreement.