Today’s video tackles one of the most eye-catching forecasts of the year which is the much cited Bank of America calling for $309 silver.
More on that shortly.
Today both gold and silver are lower on account of stronger US data and markets awaiting the conclusion of the Federal Reserve’s FOMC meeting this afternoon. Earlier today the Bank of Canada held rates at 2.25% and warned that the global outlook remains highly uncertain.
In short, the backdrop for precious metals isn’t easing but rather it is becoming more fragile.
In today’s GoldCoreTV video, Jan Skoyles explains why Bank of America’s $309 forecast isn’t a wild idea, rather it’s based on market mechanics, history and stress conditions.
Watch today’s video to understand what’s really driving this forecast and why silver may be entering a very different kind of market.
This video is all about understanding what kind of system produces a $300 silver price in the first place.
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