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Precious Metals Surge: Silver Hits 11-Year High

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Over the past year, I have been telling you it might be wise to get some Gold & Silver (PRECIOUS METALS) and Bitcoin/XRP (cryptocurrency).

Of course I can’t give you personalized financial advice, but I report on what I see and what I think is coming next.

So I’ve been shouting it from the rooftops.

I know many of you have agreed and taken action — and to you, congratulations.

Because on Friday Silver just went ballistic, surging to voer $31/ounce, which many said could never happen.

Take a look:

The highest it has been since 2013!

And almost no one in the Legacy Media is talking about it — so it’s a good thing you have us!

On May 18, 2024, silver prices surged to over $31 an ounce, marking an 11-year high, while gold prices approached historic highs, trading above $2400 per ounce. This significant increase in precious metal prices was influenced by a weakening dollar and optimism over China’s fiscal stimulus, driving broad gains in the metal market. Analysts and market watchers anticipate further increases in silver prices, with some predicting it could reach $40 or more by the end of the year. The rise in precious metal prices has sparked discussions about potential market corrections and the sustainability of the current rally.

Many believe this is the canary in the coal mine, just as gold did the same thing a few weeks ago:

Speaking of Gold, many believe it is about to surge again too, to another new all time high:

From Kitco News, here is more:

After a relatively slow start in the first quarter, silver is making its move, significantly outpacing gold as it trades at an 11-year high.

Just ahead of the weekend, silver prices have broken above $30 an ounce. July silver futures last traded at $30.74 an ounce, up nearly 3% on the day. By comparison, gold is trading at $2,406.20, up 0.88% on the day.

Soaring silver prices have pushed the gold-silver ratio below 80 points, and it has been trading at its lowest level since August.

According to some analysts, silver is just getting started as the precious metal has solid momentum.

“Silver does not look overheated, as it is only now entering overbought territory on the RSI on the daily timeframes,” said Alex Kuptsikevich, FxPro senior market analyst, in a note on Friday. “Last month, silver was actively added for another three weeks after the RSI entered levels above 70. A two-week pullback in the second half of April later removed that overbought area. Technically, this clears the way up.”

Kuptsikevich added that his near-term target for silver is $33 an ounce; however, he added that the precious metal could make a serious move to its all-time high of $50.

“Long-term trends are also on the bulls’ side. In the last two years, they have been able to quickly turn the price to the upside after dips under the 200-week moving average. This year, the price is successfully pulling away from that line, but the most furious part of the rally may be ahead,” he said. “Silver could be ready to repeat the growth spurt it showed in 2010-2011.”

In a recent interview with Kitco News, Michele Schneider, Director of Trading Education and Research at MarketGauge, said that silver’s value play makes it more attractive than gold.

She added that silver tends to outperform in a higher inflationary environment. Although April’s core Consumer Price Index, which strips out volatile food and energy prices, saw its first decline in six months, Schneider said it remains elevated at 3.6%.

While some economists have celebrated the drop in consumer price pressures, Schneider said they are still looking at inflation in all the wrong places.

She explained that rising geopolitical uncertainty and renewed pressure to onshore manufacturing in the U.S. will drive prices higher and weaken the U.S. dollar.

“This move in silver is telling us that we have fractures in the economy, but we don’t know how these fractures are going to manifest,” she said. “Is it going to lead to a debt crisis? Is the Fed going to have to lower rates? Either way, we should expect to see higher inflation.”

Schneider said that the $30 level represents an important resistance point for silver.

“If silver is going to hold 29 and get through 30, I don’t see any reason why we can’t get to 35 eventually and 40,” she said.

However, not all analysts are convinced that silver is thriving as a monetary metal.

In a comment to Kitco News, Julia Khandoshko, CEO at the European broker Mind Money, said that she sees this move in silver as a reflection of the broader bullish momentum in commodity markets.

Silver’s rally comes as copper prices have pushed to all-time highs above $5 per pound.

Remember when I told you this?

Andy Schectman: “Gold & Silver Will Instantly EXPLODE After This…”

Looks like history is playing out before our very eyes....

Andy Schectman: "Gold & Silver Will Instantly EXPLODE After This..."

Andy Schectman is not exactly known for hyperbole...

He's very down to Earth and he speaks very factually and intentionally.

Here's a short bio if you don't know much about him:

Andy Schectman is a highly respected figure in the precious metals industry and a well-regarded financial analyst known for his accurate market predictions. As the President and owner of Miles Franklin, a prominent precious metals company, Schectman has built a reputation for integrity, expertise, and deep market insights, guiding the company since its inception in 1989.

Under Schectman's leadership, Miles Franklin has thrived, distinguishing itself with a commitment to customer service and ethical business practices, which are hallmarks of Schectman's leadership style. His company is one of the few precious metal dealers that is licensed by the U.S. Mint, highlighting its credibility and trustworthiness in the market.

Schectman is lauded for his foresight in the financial markets, particularly in precious metals. He has been remarkably prescient in predicting significant fluctuations in the prices of gold and silver, advice that has proven invaluable for investors. His ability to forecast market trends stems from a thorough analysis of global economic indicators and a nuanced understanding of geopolitical events, which he shares regularly in interviews and on financial news platforms.

He is also a frequent speaker at major investment conferences where his sessions on monetary history and economics are met with high acclaim. Through his speeches, Schectman educates investors on the importance of precious metals as a part of a diversified investment portfolio, often emphasizing the protective hedge they offer against inflation and economic uncertainty.

In addition to his contributions to market analysis, Schectman is an active participant in philanthropic efforts, often integrating corporate social responsibility into his business model. His commitment to community and ethical responsibility further burnishes his professional image as a leader who is not only successful but also genuinely committed to making a positive impact.

He's one of my favorite people to listen to with regard to what's happening in the Gold and Silver markets.

I recently had someone send me the video I'm about to show you and I thought it was so good I wanted to share it with all of you.

I've talked a lot about Gold and Silver in the past several months....

I've told you how Gold was recently classified as a Tier 1 Risk Free Asset in a surprising move.

I've told you how all the Central Banks around the world are buying up Gold hand over fist in recent months.

I've told you how the BRICS Nations are banding together to remove the US Dollar as the world reserve currency.

But I haven't really heard anyone weave all of this together in one coherent narrative...until now.

That's exactly what Schectman did in this new video and I recommend you pause what you are doing and take a minute to watch.

Because I think you'll suddenly start to connect a lot of dots in your head.

Things I've been talking about for months now all coming together....and when you see it presented as one story, from beginning to end, it suddenly makes all the sense in the world.

The thing is though, this isn't a history lesson.

This is happening right now, and you are living through it.

I've heard stories about people in my family living through the Great Depression and those who made the right moves changes the course of their families for decades to come.

You're now the person in that seat, living through historic times.

Will you make the right decision?

Watch this video from Andy Schectman and then I'll give you some practical, actionable steps you can take right now to protect you and your family.

I love how he says in this video Gold is not an investment, it's a protection of wealth.

That's so true.

I'm not a financial advisor so I can't tell you what to do with your investments.  I simply report on the news and on things I'm seeing.

Watch here:

https://www.youtube.com/watch?v=ONh-hTL8AbU

[censored]

Backup here if needed:

Ok, so big deal if the US Dollar loses it's role as the world reserve currency, right?

I mean, it sounds super boring anyway.

What possible effect on your life or my life here in the USA could that possibly have?

Who really cares what the world reserve currency is anyway?

Seems like some super boring answer to a quiz in a college Econ class, but beyond that who cares?

Right?

Wrong.

Very wrong.

The only reason we have such a high standard of living here in the United States is because the U.S. Dollar ("petrodollar") has been the World Reserve Currency for a long time.

Our standard of living is unique to almost all other places in the world.

And it's NOT guaranteed.

And when it falls?

Worse than the Great Depression -- and here's that word again: overnight.

Watch this and I think you'll understand:

Now with that understanding in mind, let's get back to our headline report.

So....what can you do?

Now that you understand a bit more about what is likely coming, and the devastating impact it could have, what can you do?

Andy already told you the answer.

Gold and Silver = WEALTH protectors (not investments).

But here's the most important part -- make sure you get PHYSICAL gold and silver.

Not paper traded garbage on the stock exchanges that isn't backed by anything.

Don't touch that stuff.

I have two special hook-ups for you, and one of them will allow you to get Gold and Silver with no money out of pocket.

Both involve PHYSICAL gold and silver.

Because if you do NOTHING else, make sure you own "physical" gold and silver, not paper contracts.

The paper contracts (like stock ticker SLV and GLD) could very well go POOF one day and disappear or go to zero, because they're not actually backed by the gold and silver they claim to represent.

It's a massive game of musical chairs out there and when the music stops (and I think it will stop soon...) people who only own paper might find themselves owning something not worth the paper it's literally written on.

Now...WHERE do you get physical gold and silver and how do you know it's real and safe?

And that you're getting the best price?

Oh, and how about personal one-on-one real customer service?

You know, like you were some Big Wig millionaire at Goldman Sachs who could just call their personal banker and get help?

That's what I'm about to tell you.  

I have two killer connections for you...

The first is for purchasing gold and silver bullion.

That means bulk bars.

That's the cheapest and most economical way to do it, to stretch your dollar into as much gold and silver as possible.

The website is called WLT Precious Metals and when you see my logo in the top left-hand corner, you'll know you're in the right place.

You'll get a personal phone call with Ira Bershatsky (or someone on his team) and they will work with you free of charge for as long as needed to answer any questions you have and get you taken care of.

How about that!

You don't see that much anymore, but Ira and his team pride themselves on good old-fashioned real customers service:

No sales pitch, just real, actual help.

And the best prices you will find.

Here's the only disclaimer I will give you: because they do pride themselves on dedicated service, it might take a few days before you get a phone call back.  Just be patient.

Good things come to those who wait!

You can contact Ira and WLT Precious Metals here.

Ok, that was #1.

Now I want to tell you about option #2 -- and this is the one that can allow you to get Gold and Silver with no money out of pocket.

An equally great company, I am so happy to be working with these guys.

This next company is called Genesis Gold and this is for people who want to purchase real physical gold or silver in their IRAs (Investment Retirement Accounts).

You know what the beauty of that is?

TAX FREE baby!

I'm not a tax advisor, but that's a general oversimplification.

Never pay more taxes than you are legally required to pay.

And that's why I love getting gold and silver in my IRA (and why I hold a large chunk in an IRA myself!).

The other huge benefit other than being tax-free is that you might already have a good chunk of money in risky stocks and bonds in your IRA or retirement account.  Moving them over to Gold and Silver with Genesis Gold = no additional money out of pocket.  BOOM!

There's so much to love about Genesis Gold, starting with the fact they are proudly and un-ashamedly Christian!

They call it "Faith-Driven Stewardship" and they put it right on the homepage of their website along with a quote from Ezekiel:

Wealth Preservation With Gold & Silver –
The Genesis Gold IRA

By your wisdom and your understanding you have made wealth for yourself, and have gathered Gold and Silver into your treasuries – EZEKIEL 28:4

Genesis Gold Group believes the Bible gives clues on how man-made currencies (paper money) represent instability, and a lack of virtue and encourages living wastefully in excess.

Conflicts have beleaguered us since the dawn of civilization, and they can all be encapsulated into one battle. The battle is between currency, man-made paper, and gold and silver — the two precious metals found in our Earth’s crust, sent to us by our Lord to use as money. Man-made currency always leads nations down the path to increased war, greed, and ultimate collapse. History has shown that abandoning gold and silver has always been a bad idea. Gold and Silver enforce discipline, nurture self-constraint, self-reliance, and balance, and lead to confidence, a restrained government, and a more stable foreign policy.

Genesis Gold Group believes in empowering faith-driven stewardship with Gold & Silver are an integral part of a balanced portfolio. Protecting your finances with precious metals has never been more crucial during these trying times.

With a combined 50-plus years in the precious metals industry, let your Genesis gold and silver experts guide you through the simplicity of asset protection and growth with our Genesis Gold IRA.

Sincerely,

Genesis Gold Group

Empowering Faith-Driven Stewardship

Oh....and they're VERY good at what they do.

You also get physical gold and silver with Genesis, believe it or not!  The gold and silver is purchased for you (in whatever combination of coins and bars you prefer, a picture taken and sent to you, and then stored safely in a vault for you!

I love what these guys are doing.

Here's more on why gold and silver in your IRA are so powerful:

You can contact Genesis Gold here.

They are also very backed up with record demand, so you may have to wait a bit, but someone WILL get in touch with you for personal customer service and assistance!

Tell 'em Noah sent ya!

Oh, and did you know Genesis is recommended by SUPERMAN himself?

It's true.

Superman himself, Clark Kent -- Dean Cain -- came on my show a few weeks ago and we broke it all down:

Watch here:

Stay safe!

Make sure you can weather the storm when it hits!

Because the storm always hits eventually, doesn't it?

As for me and my house, we will be ready. 💪

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