Morning all.
The amount of posting on this thread could be seen as an indication of how out of favour silver is.
Great time to be adding for the patient.
@fbx258 I am watching that Red box at the trend line mate because I think we are heading sooner rather than later.
I like listening to Chen Lin and this interview is really good.
For those of you with little time, just go to 11 min and hear his views on silver and the progressing supply demand imbalance.
Solar panels are now using double the amount of silver in each panel than they were and the solar panel production is still growing rapidly.
That means silver consumption is rising much quicker than supply.
There is a large supply deficit and it is growing.
If Chen is correct about the Solar Panel production doubling again over the next couple of years and currently running at 200m oz,
That will equate to 400m oz in Solar Panels alone, while the world production is only 850m oz.
I think this run in the PM's and the drop in the DXY will need a rest.
We have some time till the season really gets underway.
Enjoy accumulating.
I added again last week.
Kind regards, Wack.
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