Bill’s Commentary:
“‘Tis the season!”
Bill’s Commentary:
“David Jensen on gold and silver.”
The Astounding Scale Of Gold & Silver’s Approaching Repricing From Asset Reallocation
Western bullion banks have repeatedly been calling the top for silver’s price over the past 5 years as it has hit $28, $38, and $48 /oz. With silver recent rise to $58 /oz., they are at it again calling the top. However, each time to date, these bullion banks have been wrong.
Swiss bank outlier UBS recently announced that they estimate the silver supply deficit for 2026 has climbed to 300 million (M) oz. in a 1.34 billion (B) oz. annual market.
Climbing supply deficits don’t comport well with prices rolling-over, so what’s up with the top-calling by bullion banks?
BillHolter.com 