The Dow, the S+P, property, CBA shares or a bank account?
We'll ignore the fact that they all pay a dividend and and have all thrashed silver for the last 7 years.
Have a think about it for a split second.....
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World silver production is at record levels and when it's dug out of the ground it has to be stored somewhere.
Silver's piling up in warehouses because as my post above states..."There's just not many people looking to buy silver at this point in time,"......
If silver was being distributed warehouse levels would be declining.
Technically silver is looking very weak with a symmetrical triangle descending continuation pattern....
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US Mint sales have crashed, silver coin sales down by 71% in January and 76% in February, total US Mint sales the lowest in 11 years.
“It’s been a trend since the beginning of 2017,” said Peter Hug, global trading director of Kitco Metals. “There has been a massive amount of dishoarding metal in the North American market.”
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U.S. bullion coins sales continue to slide, following trend begun in 2016
American Eagle silver bullion coin sales down from 2017’s already lower levels
The impact of the sales decline in 2018 is even greater when one considers that for the whole of 2017, the sales of 18,065,500 American Eagle silver bullion coins represented a 52 percent decrease from the 37,701,500 coins recorded sold in 2016.
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