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Silver WARNING 🚨: What Is About To Happen To Silver as COMEX Stockpiles Plummet! 📉- Andy Schectman
Description:
In today’s critical discussion, Andy Schectman of Miles Franklin unveils the startling trend in the silver market: plummeting COMEX stockpiles. As the US debt ceiling crisis seemingly reaches a resolution, a less talked about, but equally significant crisis emerges in the silver market.
The COMEX silver stockpile, once robust with 150 million ounces in 2021, has dropped shockingly to below 28 million ounces. At the same time, the US deficit continues to balloon, with no clear solution in sight.
Could these two phenomena be connected? And if so, what’s next for silver?
Join us as Schectman takes us on a deep dive into the current state of affairs, discussing the potential implications for the silver market and what it could mean for your investment portfolio.
#SilverWarning #AndySchectman #COMEX #DebtCeiling #SilverInvestment #SilverStockpile #PreciousMetals #FinanceInsights
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Please note that the information provided in this video is for educational and informational purposes only and should not be considered financial advice. Any decisions made based on the information provided in this video are the sole responsibility of the viewer. It’s important to do your own research and consult with a financial advisor before making any investment decisions. The content of this video is not intended as a substitute for professional advice.
🎥 We own commercial licenses for all the content used in this video except parts about the topic that have been used under fair use and it was fully edited by us. For any concerns, business inquiries, etc. please contact us via email in the “About” section of the channel….(read more)
LEARN MORE ABOUT: Precious Metals IRAs
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Silver WARNING 🚨: What Is About To Happen To Silver as COMEX Stockpiles Plummet! 📉 – Andy Schectman
In recent months, the world has experienced a significant disruption in the supply chain of commodities due to various global challenges. Among these crucial commodities, silver, known for its industrial and investment appeal, has caught the attention of experts and investors alike. The recent decline in silver stockpiles at the COMEX (Commodity Exchange) has raised concerns about the future of the silver market and what might be in store for this precious metal.
Andy Schectman, an expert in precious metals and the CEO of Miles Franklin, a prominent bullion dealer, has expressed his concerns about the diminishing COMEX stockpiles. The COMEX is the primary platform for trading futures and options contracts on precious metals, including silver. The recent decline in silver stockpiles has been substantial, with the inventory plummeting to levels not seen in years.
The dwindling stockpiles have raised red flags among experts like Schectman, who believes this trend could lead to an imminent shortage of physical silver in the market. This potential shortage could have a significant impact on the price of silver in the near future.
The question arises: Why are these stockpiles declining rapidly? One major factor contributing to this decline is the strong demand for physical silver in various industries, particularly in green technologies such as solar panel production. The global push for renewable energy sources has fueled the demand for silver, which is a crucial component in solar panels. Additionally, the ongoing global economic recovery has led to increased industrial demand for silver in various sectors.
Another factor that has impacted silver stockpiles is the disruption in the global supply chain due to the COVID-19 pandemic. The pandemic has caused delays in mining operations and transportation, hindering the production and delivery of silver to the market. This confluence of factors has led to a significant decrease in available silver stocks.
The impact of diminishing COMEX stockpiles extends beyond the physical market. The futures market heavily relies on these inventories to settle contracts. As stockpiles decline, the risk of a default on these contracts increases, potentially leading to chaotic and unpredictable market conditions.
Investors and silver enthusiasts should take note of the potential consequences of these declining stockpiles. As physical silver becomes scarcer, the price may experience upward pressure, potentially surpassing previous records. This scenario presents both opportunities and risks for investors.
On one hand, those holding physical silver may see their investments appreciate significantly in value. Moreover, investing in silver mining companies or silver-focused exchange-traded funds (ETFs) could also yield substantial returns if the price of silver continues to climb.
On the other hand, individuals who heavily rely on silver for industrial purposes might face challenges due to higher prices and potential supply chain disruptions. Specifically, industries like electronics, medical devices, and green technologies may experience increased costs, affecting their profitability and potentially slowing down technological advancements.
In conclusion, the declining COMEX stockpiles and potential future shortage of physical silver raise concerns about the impact on the silver market. Investors and industry players should closely monitor the evolving situation to make informed decisions. While this presents an opportunity for individuals holding physical silver or investing in silver-related assets, it also poses challenges for industries heavily reliant on this precious metal. As the silver market continues to unfold, it is crucial to stay informed and navigate the evolving landscape with caution.
TRUMP / GOP ADDED EIGHT TRILLON DOLLARS TO THE NATIONAL DEBT USIG QE
I don’t know what’s going to happen however I do know my choice now.
Why are you willing to take cash for silver if it's as you say?
The rich will get their silver from the comex and the little guy will be left holding the worthless paper
Alert, another Silver warning #35,122
Eagles are Harder to Confiscate.
I prefer buying gold and silver miners paying dividends and sell covered calls for income
Well iv’e seen 50.00 two times in my adult life. The dollars had more purchasing power then. When it happens it’s real quickly out of reach . Buy while the bears are growling.
It's not really dropping like a Rock it's about where it was recently it was lower and before that it was higher than so it's in the middle right now I want to call that dropping like a rock
I heard about twenty years they'll be running out of silver
They been destroying the USA for over a 100 years and Americans are goyium letting it happen
This is a slow process but hold tight people. BRICS nations are slowly but surely destroying the US governments reign. Silver and Gold will go up by a lot once the people wake up. Unfortunately there are a ton of ignorant people in America. Once they wake up, its game over. See all the nations ditching dollars.
Time to buy more SilverTokens and use them as money
It’s impossible to break even as soon as you buy . There’s plenty of silver
It’s a commercial to buy your overpriced silver coin ! Just buy PSLV
This content was stolen from Acardia Economics.
Yaaaaawn
All you mockers in the comments…I am laughing AT YOU…please don't buy any…thats just more for us to buy. Thanks
To the last words of your video Andy Schetman, it begs the question: When is it projected that the stockpiles of silver will probably be fully depleted?
Music played like its the 300 sparta movie=lame hype.Its Andy Scheckmans interest to sell silver and gold in his bullion buisness with misleading jargon.
Playing music to hype the video=very lame.
end of the day silver is not being held gold is
Tired of all these imbeciles using 'woke' as an excuse for everything they don't understand. They don't even know what 'woke' means other than it is somehow related to the 'left'.
So what is about to happen? What is the warning?
BRICS knows they are more corrupt than the USA, so they will hedge their bets. Unfortunately, betting on multiple house of cards means the first to collapse is the loser. Nobody wins and comes out unscathed.
FOR INVESTMENT WHATS BEST SILVER BARS OR COINS???
Newmont just shut down a silver mine in Mexico that generated 30 million oz of silver per year. How do you spell supply squeeze?
Blah blah blah blah. Hucksters peddling FOMO
Where are they spending this money… it's going into their pockets and payoffs and blackmail. 10 million to gender studies? B.S. – they say that but pocket that. Criminals.
Is this video from Arcadia Economics. You should give credit.
The government won't allow gold or silver to be worth much more than it is now! PROVE ME WRONG!
Beyond annoyed the dollar dropped and silver went with it. Stocks up 100 perc and silver down on the year. Brutal.
I was really hopeful of my investments this year, but all my plans have been disoriented, I've been studying the market crashes and I realized some investors made millions from the recent 2008 recession and I was wondering if such success rate could be achieved in this present market. and the Federal Reserve taking a more hawkish approach to interest rates and bond purchase tapering. Any recommendations?