The All-At-Once Moment Is Here! Silver Prices Will Soar DRAMATICALLY - Andy Schectman

The All-At-Once Moment Is Here! Silver Prices Will Soar DRAMATICALLY - Andy Schectman

One key metric investors often consider when evaluating silver's potential is the gold-silver ratio. The current gold-silver ratio is around 83, significantly higher than the long-term average of approximately 63.
Meanwhile, silver prices may spike over the short term if a strike interrupts mining at a major producer. Likewise, announcing a new use of silver, such as in solar panels, will generate more buying and create upward price pressure.
Renowned President and owner of Miles Franklin Precious Metals, Andy Schectman, highlights the contrast between silver's 85:1 price ratio to gold and its much lower 7:1 mining ratio, revealing a significant market imbalance. Despite a 14-fold rise in the money supply since 1980, silver still trades at a 40% discount to its 1980 peak.
While discussing the market dynamics, Andy cautions that a surge in delivery demands could create significant issues for the silver market, as only 300 million ounces are available at the LBMA. In October, the London Bullion Market Association reported that the holdings of physical silver stored in vaults across London reached a record low.
Based on the sentiment at the 2024 LBMA Precious Metals Conference, silver remains an asset to watch in 2025.
Many experts, including Andy, notice that the world may soon face forced price discovery due to potential delivery failures on the LBMA or cash settlement defaults on the COMEX. He emphasizes that Russia is significantly boosting its state reserves by increasing gold purchases and acquiring silver and other precious metals, highlighting their growing global importance. Russia's decision to add silver to its reserves could also profoundly impact the market. This strategic move, which distinguishes Russia from most other central banks primarily focused on accumulating gold, could be a key driver in pushing silver prices to 50 dollars, especially if other central banks follow suit.
Fundamentally, Andy Schectman points out that the impressive 40-year cup and handle formation is a highly bullish indicator in silver. He expresses concern that rampant naked shorting and a lack of true price discovery make the market resemble a Ponzi scheme. Ultimately, he believes that fundamental supply and demand factors will drive a significant shift in the market, regardless of current irrationality. Simultaneously, the silver market grapples with a growing supply deficit, marking the third consecutive year where global demand has outstripped supply. The persistence of this trend into 2024 suggests a deepening of the deficit, amplifying concerns about long-term sustainability.
While reflecting on the market shift, Schectman expresses concern that rampant naked shorting and a lack of true price discovery make the market resemble a Ponzi scheme.

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[PamenterDoug]

Thank you Andy,
I hope the manipulation is over or almost over. The price will have to achieve a balance between supply and demand at some point!

[AlexanderRabe-mh]

Silver rose 6.10% yesterday, up to $33.61/oz.. This will create a big fat green candle in the daily and weekly charts and will signal the beginning of the end of all the silver short positions at LBMA and COMEX. There will be a margin call for the shorters and they will have to pump more money into their margin accounts or their short positions will be closed at a loss.

[padmaanand]

Andy is a Honest, Truthful, loving and God fearing person. So, his words will not go false. Silver price will DEFINITELY go much beyond than what many can imagine. But, only very few who are very very lucky who will stick to it will actually realise the gain.

[scottwilson]

They(Brics F.R.Banks) could Break the Silver market and Comex in 1 Day if they felt like it!

[CDMaclintock]

The Silver I bought last year is worth $26, 000 MORE today than what I paid for it, and SD Bullion has lower prices for metals than Miles Franklin...

[renowdenbuyersadvocatesmelbvic]

Good stuff Andy ... Nicely explained once again ...

[JaredR-lj]

Copper is grossly undervalued everyone should be adding that to your portfolio as well.

[richwilliams]

I saw an estimate that silver mines will run out of silver over the next 20 years at the rate they are currently operating including undiscovered silver. Anyone corroborate that same report.

[DidierWyche]

Appreciate the detailed breakdown! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

[StevenSimpson-itmv]

I'm stacking dry powder for the correction.

[MrPatrick]

If they default or silver price gets out of control they will just shut down the system. Look at what happened to Nickel

[KyleBremer]

I’ve officially jumped into Wurmp! This project has my full support!

[SanderThon-ud]

*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*

[vincemurry]

YOU DONTEVER MENTION HOW MUCH SILVER CHADE BANK HAS AND HOW THEY KEEP SILVER IN CHECK.
ANSWER THAT PLEASE

[AndrewP.Stewart-nt]

Just spotted Wurmp’s ad in Times Square! This coin is gaining serious attention!

[richwilliams]

I thought JP MORGAN HAD tons of silver is that an incorrect assumption?

[brokensystem]

Funny that he mentioned cruise missile. I read that there is 10 to 15 ounces of silver in a cruise missile.

[simonnewbold]

Precious metals are used in all sorts of things. Including WAR. Have a look at the countries buying it. Oh, and the countries buying it are best mates.

[Solidsnake-sx]

Just added Wurmp to my portfolio! Excited to see where this journey leads!

[BrandonDunning-ucez]

Wurmp lighting up Times Square is a huge milestone! Can't wait to see what’s next!