Will Silver Reach Record Highs like Gold?

Sean Brazney: Hello, my name is Sean Brazney, Sales Director for Monex Deposit Company. We have the great pleasure of having Jeffrey Christian with us today. He is a managing member and founder of CPM Group and one of the many analysts over there at CPM Group. Great to have you with us again today, Jeffrey.

Jeffrey Christian: It’s always a pleasure to talk to you, Sean, and this is a great day to talk about gold and silver.

Sean Brazney: How can you not be excited about just seeing everything run to the upside? Gold up record-setting highs, palladium up over $100 an ounce, and even Bitcoin is up there over $67,000, stocks are high, but looking out over the horizon, I want to think about the landscape that we’re dealing with right now. I look at silver, and I think of silver trading a little bit over $24 an ounce, with everything else doing what it’s doing, and it just makes me think, man, I’ve got to look for more silver. I’ve got to find a way to get my hands on more silver. So, what can you tell us about what you see coming down the road here with silver?

Jeffrey Christian: Our expectation has been and continues to be that gold and silver will do very well price-wise this year and into next year, and that silver will lag gold, but it will rise sharply, starting at some point in the year. These may be the foothills of that bigger move, but we would not be surprised to see silver prices rise sharply over the ensuing months and quarters, because the market is pretty tight. We’ve seen investors pull back last year and earlier this year, and today shows some signs that they’re coming back into the market. We think that investors will become more interested in silver and gold as the year progresses, because the things that have caused the prices to rise over the last four days are not going away. These are, you have international political issues, domestic political issues, economic issues, financial market issues, technical chart patterns, and those are all trends that are going to continue for the foreseeable future, and they’re all positive for silver.

Sean Brazney: You know, I was thinking about our talk today and I was thinking, I really wish I had an hour to sit down and do a long interview on just the bond market, and the dollar, and how high stocks are trading, and what the Fed might do later this year. You know, but it still brings me back to trying to keep it short and sweet and reminding our viewers to call Monex, talk to an account representative, ask him about the new report, 2024 Precious Metals in a Rising Storm, and also to remember CPM Group out there, as well, with the market alerts that you do and the resources that you guys provide out there, just a great amazing resource to have at our fingertips. So, we greatly appreciate your time today, Jeffrey. Thank you.