Silver Leaps Critical Barrier, Poised for a Bullish Surge

This week silver investors were greeted with an air of excitement and anticipation. The precious metal, often overshadowed by its illustrious counterpart, gold, is on the cusp of a breakthrough, having just surged past the critical price point of AU$37.94 (US$26)—a level it has flirted with only briefly during the past year. This resistance mark has stood firm since the heyday of the COVID-19 pandemic-induced precious metals rush, a summit not consistently scaled since 2013, save for a momentary spike to the near-mythical AU$71.34 (US$49/oz). 

The corridors of trading forums are speculating chart patterns forecasting a 40-year cup and handle breakout, while #silversqueeze trends once more, capturing imaginations from Australia to the UK and the U.S. 

Over the week, the trading arena saw unprecedented activity, as 130,000 contracts exchanged hands—the most considerable daily volume witnessed in two years, funnelling an additional AU$24.76 billion (US$17 billion) into the market.

Silver's ascent is emblematic of its unique dualistic nature—serving as both a precious and an industrial metal. It thrives as a precious metal during economic uncertainties, historically outperforming gold. Recall 2011's peak of AU$71.34 (US$49/oz) for silver, while gold seemed to lag, capping around AU$2,616 (US$1,800/oz). Fast forward to today, and with gold hitting yet another all-time high at AU$3,322 (US$2,288/oz), silver's awakening to the AU$37.94 (US$26/oz) price point signals a potentially seismic shift. 

 The question on everyone's mind is this: "Are we entrenched in economic turmoil?" While the U.S. may present a facade of stability, the rest of the world paints a contrasting picture of uncertainty. Should the globe awaken to the recession—or depression—it faces, silver's trajectory could soar to AU$91.65 (US$63/oz), harkening back to the 2011 gold/silver ratio. 

But the tale of silver's potential is not merely one of market speculation—it is a narrative steeped in supply and demand. The year 2024 is anticipated to witness a demand of approximately 1.2 billion ounces, starkly contrasted by a supply shortfall from mining and recycling, expected to yield just 1 billion ounces. The Silver Institute's forecast in January was reserved, predicting subdued investor demand for the year. Yet, with the resurgence of the #silversqueeze movement, such conservative estimates may soon be left in the dust, propelling silver into new realms of valuation. 

As silver crosses the US$26 threshold, all eyes turn to the horizon, pondering the timing and scale of its march towards AU$43.56 (US$30), AU$58.08 (US$40), and the storied peak of AU$72.60 (US$50). Our conviction remains steadfast: secure a portion of your assets in silver via the Silver Standard (AGS) tokens, and prepare for a future where wealth preservation shines bright. 

Experience the Future of Precious Metals Investment with Gold Standard (AUS) & Silver Standard (AGS):  

• Security and Trust: AUS and AGS are vaulted, insured, and allocated in Australia, with quarterly verifications for assured safety. They offer full redeemability. 
• Reliability: Built by a seasoned 50-year-old bullion dealer, AUS and AGS provide reliable gold and silver token investments in Australia. 
• B2B Integration: Designed for business applications, these digital bullion tokens facilitate seamless integration into a variety of business projects and partnerships. 
• Innovative Investment: By blending the stability of traditional bullion with blockchain technology, AUS and AGS represent a forward-thinking choice for investors. 

 Available on platforms like Ainslie Crypto, CoinSpot, and MRHB DeFi, AUS and AGS offers a solid foundation for your digital currency investments.