The price of silver is falling by about 8% today.
Silver is a precious metal with many uses in industry, so the implementation of tariffs and the possible decline in industrial activity has precipitated a significant price cut for silver.
This price drop is simply FOMO (fear of the news). Industrial activity doesn't stop overnight; it happens more slowly. For a country to be considered in crisis, it requires two quarters of negative activity, something that doesn't occur in any industrialized country today.
An 8% price cut is just a price reduction, a price that was rising sharply last week. I think silver will fall below $28 per troy ounce, but I do see it near $38 by the end of the year.
I am a convinced lover of information in silver.
- It has industrial use.
- It is used in jewelry.
- There are few reserves left.
- Most of the silver used by industry is not recycled.
Rest assured that the economic situation is still good.
