100% Certainty! Silver Prices Will Soar Wildly In 2024 - Peter Krauth

Since dropping below 80 on May 13, the gold-silver ratio, which measures the amount of silver ounces needed to buy a single ounce of gold, has dropped even further to its lowest since December 2022. The mint ratio is an important ratio often used by traders to determine the best time to buy or sell. Silver investors and experts are quite particular about this ratio, especially during moments like this when the white metal begins to outstrip gold gains. According to renowned metals and resource stock analyst Peter Krauth, the mint ratio does more than indicate the relationship between gold and silver prices; it can also be a good indicator of what’s to come. Krauth estimates that as long as the ratio stays below 80 and continues dropping, silver will record higher price gains and may even peak at 100 dollars or more during this bull market.

The 20-year veteran discussed his outlook and predictions for silver in a recent interview with Metals and Miners. During the interview, Krauth explained that silver has entered the second phase of an extended, generational bull market that started in the early 2000s. However, unlike previous bull markets, Krauth believes silver prices will run higher in 2024 and the coming years due to the worsening supply and demand dynamics. The Silver Institute has reported silver deficits for three consecutive years since 2021 and estimates that the deficit will grow in 2024 and persist in the coming years. This is majorly due to the growing industrial demand for the white metal.

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Credit: Metals and Miners
Peter Krauth | Silver miners explode within 24 months after Fed stops raising rates, +413% avg gains

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[akesha]

Let us not get ahead of ourselves. Silver may stall out this week. In the past when silver is flat to down for 5 trading sessions in a row, there is a 65% probability that it will go lower. Currently silver is flat having firm resistance at $32 after making very impressive gains over the last 2 weeks. A pullback here would be normal. After the pull back a new analysis will be needed to see if any new patterns may be discerned. Well worth watching.

[DonaldBrown-zs]

❤ Silver! So sad when I sell occasionally.

[jansvedman]

For every 100 USD/oz increase on silver price how much will the total demand go down ?

[padmaanand]

When people realise the true value of Bitcoins (ZERO), as told by Warren Buffet, gold and silver will soar beyond all imagination.