The silver market's recent volatility and potential causes are examined, questioning whether the price surge to $75 is a bubble. Vince Lanci of the GoldFix, suggests physical demand driven by de-globalization is the primary factor, with China's potential export restrictions and increased demand playing a significant role. He argues China's actions are defensive, securing resources amidst a shifting geopolitical landscape where the U.S. is reasserting influence in Latin America. Lanci also addresses concerns about banks' short positions, suggesting American banks are net long and potentially acting as government proxies to secure silver as a critical mineral. Looking ahead, he anticipates continued price volatility, influenced by the spread between Shanghai and U.S. prices, and the outcome of trade negotiations between the U.S. and China. The conversation then shifts to the UNIT, a proposed trade settlement basket, and its potential role in de-dollarization.
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