Silver was Rarely as Cheap as it is Today!
My fellow Steemians,
Those who want to invest in silver need some patience. The silver market is a small market that only needs a spark to catch fire. But… when the silver market catches fire, you will see returns that will leave you dizzy. Today there are several potential sparks that can fire the silver market.
Due to the COVID-19 pandemic, the US central banks are printing hundreds of billions of dollars to keep the economy afloat.
This is similar to the Great Financial Crisis of 2008/09 ... but on steroids.
In 2008, the Federal Reserve's balance sheet increased by $ 1,300 billion in 70 days.
After which the silver price exploded by + 440%.
In 2020, we saw a $ 2,700 billion balance sheet increase in 77 days.
The current + 40% increase in the silver price is thus peanuts compared to 12 years ago.
Today the silver price is giving back some of its gains.
Maybe the pull back can be used to buy some more!
Thank you for reading!