Silver Alert: Buyer’s Market Emerging for Silver – Insights from Andy Schectman on Silver Prices

by | Jun 8, 2023 | Gold IRA




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The popularity of Gold IRAs in America has exploded recently due to a combination of factors, including economic uncertainty, tax advantages & the need for diversification in investment portfolios.

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REVEALED: Best Investment During Inflation


Silver investors, beware! The silver market is turning to a buyer’s market, and it’s time to take precautions. According to precious metals expert Andy Schectman, silver prices are becoming more vulnerable to falls over the short-term and may be in for a corrective downturn in the near future.

There are several reasons for the shift in the silver market. One is that the US Federal Reserve is beginning to tighten its monetary policy, which typically raises interest rates and strengthens the dollar. As a result, investors may be less likely to purchase silver as a safe-haven asset, leading to lower demand and falling prices.

Another factor is the rise in global inflation. Many analysts predict that inflation will continue to climb in the coming years due to a variety of economic factors, including supply chain disruptions, rising energy costs, and ongoing pandemic-related uncertainties. However, unlike gold, which tends to rise during times of inflation, silver may not benefit from such an environment to the same extent.

Despite these challenges, there are still reasons to believe that silver may be a worthwhile investment. For one thing, the metal can be used in a wide range of industrial applications, including electronics, batteries, and solar panels. As the world economy continues to recover from the pandemic, demand for these products may increase, thus boosting demand for silver.

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Furthermore, while the short-term outlook for silver may be uncertain, many experts predict that the metal will continue to rise over the long term. This is due in part to its relative rarity and limited supply. Unlike gold, which is regularly mined and refined, most silver is produced as a byproduct of other mining activities. This means that the available supply of silver may be less predictable and subject to greater market volatility.

So what should investors do in light of these developments? According to Schectman, the best strategy is to be cautious and patient. He advises investors to consider purchasing silver over a longer time horizon, rather than trying to time the market or make short-term trades. Additionally, he suggests focusing on high-quality products like American Silver Eagles or Canadian Maple Leafs, as opposed to lower-quality bars or coins.

Ultimately, it’s up to each individual investor to determine whether silver is the right choice for their portfolio. While the market may be shifting, there are still opportunities to profit from this valuable and versatile metal, provided that investors proceed with caution and keep a long-term perspective in mind.

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