Ed Steer this morning:
"A Potential 84 Million Ounces of Silver Up For Delivery in July"
First Day Notice for July showed that 3,316 gold –plus an eye-watering 11,458 silver contracts were posted for delivery on Wednesday.https://t.co/fDr5kHIlNY pic.twitter.com/bIYxSnQTyf
— Peter
Spina (@goldseek) June 30, 2020
Meanwhile the Silver price is nearing a key technical resistance level with gold adding to silver’s appeal with the gold and silver ratio near historic extremes around 100 ounces of silver for one ounce of gold
Silver is going to explode higher into the mid and upper $20's (to start) only a question if it is going to happen this summer or later in the year. As long as gold keeps pushing past $1,800, silver is ready for a big breakout move as well. $21 area also a bit of a resistance.. pic.twitter.com/4e4dev9od9
— Peter
SOURCE: GoldReview – Read entire story here.
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