Silver Bullion Buying Outstripping Supply As JP Morgan ($JPM) Buys
By: GoldCore
SilverSeek.com
Wednesday, May 13th
– Silver one of most undervalued assets in world today
– Fundamentals for silver market very strong
– Total demand for silver outweighed supply by almost 22% last year
– Industrial demand set to surge as solar energy projects are expanded
– Artificially low prices have forced some mines out of business which may lead to a supply crunch
– Smart money including JP Morgan acquiring silver
– Silver to outperform assets including gold
Silver bullion remains one of the most undervalued commodities and store of value assets in the world today and therefore one of the greatest opportunities.
Indeed, we view the opportunity in silver bullion today as very much like that seen in the period from 2003 to 2006. Then, silver traded below $10 per ounce prior to sharp gains during and after the financial crisis which saw silver surge to $20 prior to a sharp correction and then surge to nearly $50 per ounce in April 2011.
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