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Phil Newman, handling supervisor of Metals Emphasis, reviews the equilibrium of silver from 2020, as well as what fundamentals indicate for the need and also supply formulas in 2021 and beyond.
0:00 – Silver market surplus
5:40 – Retail need
9:10 – Silver brief press
14:26 – Silver manipulation
15:38 – Silver ETFs
18:49 – Silver equilibrium for 2021
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Silver market posts record surplus; what COMEX, LBMA inventories really show – Phil Newman
Phil Newman, managing director of Metals Focus, discusses the balance of silver from 2020, and what fundamentals mean for the demand and supply equations in 2021 and beyond.
0:00 - Silver market surplus
5:40 - Retail demand
9:10 - Silver short squeeze
14:26 - Silver manipulation
15:38 - Silver ETFs
18:49 - Silver balance for 2021
__________________________________________________________________
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.
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Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
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Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.