500% Increase in SILVER Demand! Hold Your Gold & Silver Until THIS Happens - Vince Lanci

500% Increase in SILVER Demand! Hold Your Gold & Silver Until THIS Happens - Vince Lanci

Chinese silver imports could surge in the coming weeks as traders take advantage of a jump in demand that's taken prices well above the international market.
Silver's in a sweet spot because of its dual uses as an industrial metal and a financial asset. It's an important material in solar panels, which China continues to build in vast quantities, and it's also a cheaper alternative to gold, which is setting its own records on price led by Chinese demand.
Vince Lanci is the Managing Partner at Echobay Partners LLC and has extensive experience in commodities trading. From a technical standpoint, Vince Lanci discusses recent silver market developments, revealing that Chinese buyers purchase Silver concentrate in Latin America at high prices, securing supplies before refinement. China's industrial demand for Silver is significant, as it is essential in various applications such as electronics, solar panels, and automotive components.
However, Silver could limit its downside as supply could fail to keep pace.
Regarding China's growing interest in Silver, Vince predicts that China's growing control over silver supplies will have significant economic implications. He highlights the potential long-term economic implications of this increasing influence in the market. According to GlobalData, China will be the world's second-largest producer of Silver in 2023, with output down by 7.52% in 2022. Over the five years to 2022, production from China increased by a CAGR of 0.27% and is expected to rise by a CAGR of 3% between 2023 and 2027.
Furthermore, Vince Lanci emphasizes shifting focus from traditional vault metrics to understanding Silver's source and destination, noting the increasing flow from Latin America to China.
During the interview, Vince Lanci discusses recent gold market activity. He notes that, despite a weak six-day period, Friday's trading was encouraging and suggests a potential one- to three-day upward move. Concurrently, Vince discusses the upcoming FOMC rate decision, noting that the market expects a rate cut in September. Gold has risen to 2,391.89 dollars, driven by expectations that the Federal Reserve may cut interest rates in September, leading to a drop in US Treasury bond yields. Lower yields weaken the US Dollar, boosting gold's appeal.
Traders are cautious ahead of Wednesday's Federal Open Market Committee meeting results. Key US macroeconomic data, including the Nonfarm Payrolls (NFP) report, may influence gold's direction.
Based on fundamentals, Vince Lanci expects the Fed to keep rates unchanged on Wednesday, with potential news of a September rate cut to be revealed during the conference. He notes that the market is bullish, with potential for significant movement depending on the Fed's announcements.

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[scottwilson]

Knew It! Thanks Vince L., thank you M.S.

[davesubers]

The low premiums don’t add up to this someone’s got it wrong

[zedl]

Not looking for an answer, I've been buying for a while, but if anyone has an ANSWER, ...what happens when the day Comes, " Sorry no silver is available for delivery"? We can live without gold silver no, just the medical and purification properties. Am I the only one who see's gold looks nice but give me my silver so we can live.?

[MH-E]

That stupid last question should have been to the expert. Dufas...