Andy Schectman: Large Silver Imports Leave Price In Positive Territory In 2023

November 29, 2023

As we pass the Thanksgiving mark in the 2023 trading year, after all that's happened, silver is back in positive territory on the year.

Contributing to the recent rally are the geopolitical issues in the Middle East, as well as concerns about the Treasury market in the US. Although large silver imports in the month of October are now another factor for the market to process, with India, China, and others importing large amounts of silver in the past month.

Of course the markets, and the precious metals markets in particular don't always respond to the supply and demand fundamentals on a linear day to day basis. But when you also factor in a recent update from the Silver Institute that shows we're on track for anther yearly deficit in 2023, it does start to add up.

So in today's show with Andy Schectman of Miles Franklin, Andy talks about the latest news affecting gold and silver, more developments out of the BRICS nations as they continue to create infrastructure to facilitate trade outside of the dollar, and also the latest on premiums and precious metals order flow.

To find out more, click to watch the video now!

Arcadia Economics

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Peru became the world’s largest producer of silver in 2012.

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