There will be enormous distortions in all markets, namely, in the bond market, the stock market, the metals market and the cryptocurrency market, Morgan explained. Jeffrey Christian, managing partner of the CPM Group, believes that while the prices of gold and silver, including the Live Silver Price, may be suffering a short-term hit, investors with a longer-term market view may view this fall in prices as an opportunity. The same is largely the case with gold prices, but silver is subject to considerably greater volatility than gold. However, with a tangible asset such as silver, lower prices are always an opportunity to accumulate more physical ounces. Silver hasn't performed as well as gold, but lately it's been moving pretty well for bulls.
This dynamic is, without a doubt, the result of the long history of monetary characteristics of silver (i). Given these parameters, in my opinion, silver is about to enter another bull market phase of the current market cycle. When the demand for silver remains the same and yet there is more money in the economy looking for the same amount of resources, the nominal price of those resources increases. Any forward-looking statement regarding the silver price forecast should not be used or interpreted as investment advice.
Historically, compared to other major investment assets, silver would continue to be relatively undervalued at this price level. The three key factors discussed below will have the greatest impact on the price of silver over the next 7 to 10 years. Thanks to my extensive experience in the bullion industry, I have witnessed bearish and bull markets for silver. This is especially true when the long-term bullish thesis on silver (discussed below) has not actually been invalidated.
In the long term, greater investment in silver exploration and development will be needed to maintain mining production. In other words, silver prices could fall by a modest amount in the future, but they could rise tremendously. In addition, if the global economy falls into recession this year, industrial demand for silver could also be affected.