Peter Krauth: "Silver Is Ready for a Very Explosive Price Breakout in 2024"

Starting from mid-2020 and lasting until very recently, gold exhibited a perplexing lack of direction, much to the frustration and confusion of even the most dedicated gold bugs. While gold initially thrived during the 2020 COVID-19 pandemic, buoyed by the unprecedented liquidity injections from central banks worldwide, it subsequently bounced around a narrow range of $1,600 to $2,100. However, this trend was disrupted on March 4th when the precious metal finally broke out of this trading range. According to Peter Krauth, a 20-year veteran in the resource market and a trusted authority in the field, the recent breakout in gold and silver prices heralds the potential for significant gains, with many more powerful breakouts to come.


On May 11, Peter delivered an engaging and informative address at the Metals Investor Forum titled “Silver Breakout, Are You Positioned?” He begins by highlighting important macro developments, which he believes are leading us to a particularly explosive phase for silver prices. The first development is, of course, rapidly rising global debt levels. The United States, for instance, is adding a trillion dollars every hundred days. That’s over three trillion added in a year. The story is the same elsewhere, which is why the global debt-to-GDP ratio is currently over 315 percent. Overall, worldwide growth has been slowing, largely influenced by higher rates.

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Credit: Metals Investor Forum
"Silver Breakout Are You Positioned?" Peter Krauth presents at Metals Investor Forum on May 11, 2024
   • "Silver Breakout Are You Positioned?"...  

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