Silver Poised for Generational Bull Run as Debt Crisis Looms
The U.S. national debt has reached $40 trillion, and many experts view this as a sign of an impending debt crisis. One asset that stands out as a potential safe-haven is silver.
According to recent data, the total supply of silver has remained relatively flat since 2010 at around 1 billion ounces per year. Despite growing demand from industries such as electronics and solar panels, silver prices have not kept pace with its increasing importance in these fields.
The author of this article believes that the current price of silver is undervalued and sees a generational bull market on the horizon. They predict that the rally that peaked at around $120 an ounce last January is only the beginning of a much larger move upward. The author has increased their position in silver, stating they would be happy to buy more when prices dip below $50.