Jordan Roy-Byrne: Silver to $100? Silver Outlook in New Bull Market
The Daily Gold, Released on 3/8/22
In this video, we follow up from our last video in which we called for Gold to hit $4000 in 2024. Can Silver hit $100 in that scenario? It depends on the economic scenario. If it is like the current one and stagflationary, the gold to silver ratio will not decline enough for Silver to hit $100. However, if there is a scenario of rising inflation expectations with a bit of growth, the gold silver ratio would decline. In that scenario Silver might be able to hit $100. Whatever the case, we think Silver should hit $50 around the time Gold reaches $3000 and project a $70-$80 target in 2024.
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.
Jordan Roy-Byrne: Silver to $100? Silver Outlook in New Bull Market added by Herman James on 03/07/2022View all posts by Herman James ?+'