On Sept 25, 2023 Mr. James Turk told King World News that the price of silver is poised for a massive upside breakout. That would be the launching pad that will take the price of silver to new all-time highs.
September 25 (King World News)
James Turk: Given all the sour sentiment out there about the precious metals, Eric, one could be excused for thinking that gold and silver are not doing much. After all, both metals have just been moving sideways in a trading range all year with gold – for now – stuck below $2000 and silver below $26.
However, if we step back and take a long term view, these trading ranges are very telling. They indicate that support for the precious metals is building, even though silver has doubled in price from its March 2020 low, and gold is nearly double its December 2015 low.
So from this perspective, both gold and silver are doing well. Their price is rising to protect the purchasing power of the people who own physical gold and silver, which is what both metals have done throughout monetary history.
But I must admit it is frustrating to see them in this trading range for such a long time because they are undervalued. The prices of both should be much higher…
We’ve been watching it develop for years, and recently I mentioned how silver is building a head-and-shoulders base, which continues to gather more support as the right should extends over time. - James Turk
Read the Full Story published by King World News September 25, 2023
More Silver Making News Around the World
Silver and Ruthenium: High-Efficiency Photocatalyst for Converting CO2 to Methane
The research group at DGIST. came up with a high-efficiency photocatalyst by binding silver nanoparticle co-catalysts to P25 created of titanium dioxide and enhancing charge transfer performance along with ruthenium doping.
Also, they resolved the problem of a low CO2 concentration on the catalyst surface at the time of gas-phase reactions by developing hydroxy groups on the surface of the photocatalyst via hydrogen peroxide treatment.
The research illustrated that electrons house in an intermediate state of the P25 band structure via ruthenium doping. Such accumulated electrons are further transferred to the silver nanoparticle co-catalyst, thereby transforming CO2 into methane.
EPA Targets Ethylene Oxide as Industry Resists
Ethylene Oxide is the largest single silver catalyst material demand whose pool operates in a 33-month cycle before recycle.
New silver paste product promises TOPCon solar cell gains
Silver paste supplier Solamet announced a new product this week, specifically targeting the TOPCon cell technology processed with laser carrier injection, that is well on its way to becoming the industry’s mainstream over the next couple of years.
According to Solamet, companies adopting can expect to see at least a 0.2% improvement in absolute efficiency, which it has demonstrated iterations of the TOPCon cell technology. The company said its latest paste product overcomes a challenge at the interface between the paste and the surface of the cell.
Chinese PV Industry Brief: China to add 170 GW of PV in 2023, says S&P
S&P Global Commodity Insights says it expects China to install 170 GW of solar in 2023, with global capacity additions to potentially surpass 400 GW.
Silver Long-Term Charts Point To Potential For Explosive Breakout (Technical Analysis)
Silver has shown remarkable relative strength against a backdrop of a stronger USD, higher bond yields, and weak risk assets.
On the long-term charts, silver has been building a 3-year base against a host of major currencies. A breakout from such a large base could be explosive. Given today's macro backdrop, silver prices theoretically should have collapsed already, but they are not. Something interesting is brewing in this space.