Peter Krauth of Silver Stock Investor shares his latest thoughts on the silver price, as well as supply and demand.

Krauth was speaking ahead of silver's fall below US$30 per ounce on June 4, but he explained why he wouldn't be concerned to see that happen. In his view, the white metal could test US$28 or even US$26, but is putting in a floor at the US$30 level.

"I think we could see a little bit more weakness potentially in the next weeks, perhaps the next month or two even as we go through the summer — I'm not saying this will happen, I'm saying it could happen," he explained during the conversation. "Maybe we'll see a test of US$28, maybe even sort of a washout test even as low as US$26. But I don't see much weaker than that ... (and) if we do drop below, ultimately we will regain US$30 and that will become a new floor."

This interview was filmed on May 24, 2024.

#Investing #Mining #Silver

0:00 - Intro
0:34 - Silver's rise past US$30
4:51 - Silver inventories dropping
11:07 - Worst-case scenario for silver
15:43 - Silver price drivers to watch
20:53 - Silver supply/demand realities
27:46 - Best silver stock opportunities
31:49 - Black swans circling overhead
35:17 - New partnership with Jeff Clark
38:00 - Silver's volatility is an opportunity
40:32 - Outro

________________________________________________________________


Investing News Network (INN)

Find out more about investing by INN @
https://investingnews.com/

Browse our 2023 outlook reports:
http://bit.ly/3JHyR1M

Follow us Facebook:
  / investing.news.your.trusted.source  

Follow us on Twitter:
@INN_Resource

________________________________________________________________


The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.