Gold prices are fluctuating in both directions in recent days. Silver prices, which support over $ 24 per ounce, are struggling to attract continuous rise acceleration. However, an analyst said that the market should not be discounted because of the metal of the future. He also claims that silver will do better than Gold.
John Feeney: After all, the markets should see the truth!
In a report published on Tuesday, John Feeney, Guardian Vaults Business Development Manager, said that despite the current weak performance, silver should attract the attention of new investors with the clarity that the Federal Reserve could not change its monetary policy. John Feeney adds the following to his explanations:
As a result, the markets should awaken the fact that the Fed cannot tighten the monetary policy and that it cannot normalize interest rates without serious negative consequences. The debt burden of governments, companies and individuals depends on ultra -low interest rates without causing stagnation. However, the members of the FED president like to talk a lot about tightening, act as if they have an end -of -game or exit strategies. The world is dependent on cheap debt and free money, so it’s hard…
John Feeney: Silver should be seen as a metal of the future…
Global monetary policy supports valuable metals, John Feeney said that industrial silver demand is leading the market. Photovoltaic solar energy was an important pillar of silver demand; However, John Feeney said the electric vehicle market represents a critical growth sector for gray metal. John Feeney adds the following to his explanations:
Silver ‘barbarian residue’ is not as a metal of the future, as the use of industrial use is only more common as renewable energy and electric vehicles. Silver has a monetary history that continues today. Investors also flock from time to time as a safe port. Therefore, the price really benefits from the increasing demand for “money”. However, the real driving force we see for the future demand, the huge industrial applications and the new and growing electric vehicle sector…
John Feeney: Silver is even stronger than the gold market…
John Feeney referring to the data from the World Silver Institute, said that the use of silver in electric vehicles is expected to increase by 90 million ounces by 2025. The request is expected to increase over 100,000 ounce by 2030. John Feeney adds the following to his explanations:
This is an important thing, because with the fact that the silver supply remains incredibly stable and the introduction of electric vehicles, we can see a very good famine in the silver market in the coming years.
Instead of focusing on short -term volatility in silver, investors should focus on the basics of the long -term rise of precious metal. John Feeney adds the following to his explanations:
The sharp decrease in prices should be seen as an opportunity, because the price itself signals a change on long -term foundations. Silver is a unique metal that cannot be easily replaced by an alternative when electrical efficiency is the number one target. Investors need to rely on long -term rear winds that will benefit the silver market, because they are much stronger than those who benefit from the gold market.