SILVER DEFICIT

1 month ago
29

In a Fox Business segment, Taylor and Rick Harrison discuss the surging prices of gold and silver, with silver up over 150% year-to-date—its best performance since 1979—amid weakening confidence in the U.S. dollar. Harrison notes unprecedented retail demand for silver, far outpacing supply, driven by both investment interest and soaring industrial use, especially in AI-related technologies like data centers that rely on silver’s superior conductivity. He argues this isn’t a bubble but a structural deficit, as silver is mostly a byproduct of other mining and new applications continue to emerge, predicting silver could exceed $100 an ounce within a year. Gold, meanwhile, is being propelled by global de-dollarization, geopolitical uncertainty, and central bank buying, particularly in developing nations where citizens prefer gold over depreciating local currencies. On Bitcoin, Harrison remains skeptical, criticizing its impracticality for everyday transactions, high fees, and tax complications, and expressing preference for centralized financial tools that offer consumer protections.

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