David H. Smith: Silver Stuck Below US$30, Look to Labor Day for a Change


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This interview was filmed on July 13, 2021.

The US$30 per ounce level continues to be a point of resistance for silver, but according to David H. Smith, that could change as the year continues. 

Smith, who is senior analyst at the Morgan Report, said he’s looking toward Labor Day for a change.”It’s been almost a year, it’s been longer than people expected. (US$30 has) proven to be more of a difficult area to break through than people imagined,” he said.

“But I think that area is getting long in the tooth, and I wouldn’t expect it to hold up too much longer as we head into the fall, and after Labor Day for sure.”

#Investing #Silver #Mining

0:00 – Intro
0:32 – Why the silver price is stuck at US$30
3:19 – Retail and industrial demand for silver
5:49 – How future copper supply affects silver
9:11 – Silver stocks’ performance in 2021
13:53 – Inflation will be higher than most expect
16:53 – Will silver hit US$50 this year?
20:05 – LODE project and David’s final advice
22:50 – Outro

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