500% Price Gains Ahead! Silver Is About to Shock the World - Andy Schectman
Spot silver dipped towards 22.5 dollars per ounce on Wednesday, reaching its lowest point since mid-October, as investors awaited the US Federal Reserve’s policy decision scheduled for later. Although the prevailing expectation is for interest rates to remain unchanged, the primary focus will be on the central bank’s assessment of the US economy and any hints it may provide regarding future monetary policy directions.
Andy Schectman, CEO of Miles Franklin Silver, highlights the price dynamics of Silver. Despite being a depleting resource and experiencing increasing demand, its price remained significantly lower than its peak in 1980. He sees it as a historical anomaly to have an asset that is decreasing in nature yet increasing in demand and is priced far below its historical highs. He sees this as a remarkable investment opportunity. If the gold-silver ratio improved, he even considered trading some silver for gold.
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