Loading ...I agree supply constraints will play a part in the big picture, with The Silver Institute’s 2024 numbers out now at greater than a quarter billion-ounce deficit. But clearly, the elephant in the room is going to be the exchange deleveraging coming down the pike – quite possibly sooner rather than later.
The Silver Institute | The Global Resource
Therein, and as explained in the attached below, silver exchanges (particularly the LMBA) are in jeopardy of what is known as a ‘stock out’, explained by the Senior Commodities Strategist at TD Securities, which is a fancy way of saying they are about to run out of physical silver.
Silver Market Sleepwalking into Stock-Out
If stocks top out soon, it’s possible prices could fall back first with liquidity becoming challenged. Once any such occurrence is completed however, likely the result of central bank prolificity, silver prices should take off above $35, spike high yearly resistance on the long-term chart.
Have a nice day.
Cheers