Loading ...Jeffrey Christian’s CPM Report on silver is little more than fear propaganda which is woefully short on facts and long on fairytale-based analysis. He concludes that “weak investment demand created short positions on the Comex and weak investment demand suggests that prices will not continue to rise.” Not one letter of one word in that assertion contains even the smallest shred of truth. Certainly just the flow of capital into the various silver ETFs over the summer contradicts Christian’s absurd claim.
What is driving the price of silver higher? Physical demand from India and China. Both countries are implementing large-scale solar power build-outs. Furthermore, India’s population has shifted a considerable amount of demand from gold buying to silver purchases since the Government raised the import duty on gold bars.