Has The Silver Boom Peaked Out? | Andy Schectman

The discussion centers on whether silver has peaked after hitting $83 an ounce and subsequently correcting by 15%. Andy Schectman of Miles Franklin argues that silver has not peaked, citing margin increases designed to flush out weak hands and record-high COMEX delivery notices totaling 62,875,000 ounces in December. These deliveries, driven by sophisticated traders, indicate strong underlying demand. He also touches on the critical mineral classification, export restrictions, and COMEX rules affecting traders. He notes that the silver market is poised for volatility due to portfolio rebalancing and hedge fund activity, but the long-term trend remains positive. He recommends silver over gold, given current market conditions.