3 ‘must see’ silver charts
News
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Posted 26/09/2014
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Its been a tough week for silver investors but take heart from these charts. Firstly, and incredibly, silver inventories on the SFE have dropped again and now sit at a measly 81t.
Next, US Silver Eagles sales have taken off again with 2.765m sold month to date taking the YTD figure to 30.876m. The chart below shows what has happened to silver sales since the GFC when the ‘penny dropped’ for many about the reason for the GFC, the reaction to ‘fix’ it and how worse its becoming.
Finally the chart below highlights our view you are better off holding the real thing than risking a ‘paper promise’ from an ETF.