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Expect $30 silver price, then $50 soon after, by 2022 – Steve Penny

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Once silver violations $30, there would certainly be marginal resistance maintaining it back from hitting $50, stated Steve Dime, publisher of The Silver Chartist report.

Penney told David Lin, anchor for Kitco News, that $50 and even $30 an ounce for silver is not likely to take place by the end of the year.

Adhere To David Lin on Twitter: @davidlin_TV ()
Comply With The Silver Chartist on Twitter: @SilverChartist ()

0:00 – Gold & silver connection
2:00 – Gold/silver ratio
5:40 – Mainstream adoption
7:10 – Silver price manipulation
9:05 – Cost performance
11:48 – 1980 silver rate peak
12:45 – Catalysts for $50 silver
13:50 – Metals and monetary policy
15:25 – Silver's monetary role
17:00 – Siler rate forecast
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Expect $30 silver price, then $50 soon after, by 2022 – Steve Penny

Once silver breaches $30, there would be minimal resistance keeping it back from hitting $50, said Steve Penny, publisher of The Silver Chartist report.

Penney told David Lin, anchor for Kitco News, that $50 or even $30 an ounce for silver is unlikely to happen by the end of the year.

Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow The Silver Chartist on Twitter: @SilverChartist (https://twitter.com/SilverChartist)

0:00 - Gold & silver relationship
2:00 - Gold/silver ratio
5:40 - Mainstream adoption
7:10 - Silver price manipulation
9:05 - Price performance
11:48 - 1980 silver price peak
12:45 - Catalysts for $50 silver
13:50 - Metals and monetary policy
15:25 - Silver's monetary role
17:00 - Siler price forecast
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

For more breaking news, visit http://www.kitco.com/

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Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
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Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/

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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.