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RERUN: Market Has "Given Up" On Silver, So What’s Next?
The silver market has been “stagnating” and needs renewed investor interest before prices recover and the gold-silver ratio drops below 80, said David Morgan editor of The Morgan Report.
“What’s going on is stagnation in the market. There hasn’t been any fresh buying, there’s been a lot of stale longs that have given up on the silver story,” Morgan said.
On supply and demand fundamentals, Morgan noted that due to low silver prices, the mining level has subsided but above-ground stockpiles of silver have increased. (show less)
The silver market has been “stagnating” and needs renewed investor interest before prices recover and the gold-silver ratio drops below 80, said David Morgan editor of The Morgan Report.
“What’s going on is stagnation in the market. There hasn’t been any fresh buying, there’s been a lot of stale longs that have given up on the silver story,” Morgan said.
On supply and demand fundamentals, Morgan noted that due to low silver prices, the mining level has ... (read more)
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