Silver price beaten down but investors can’t find any, so what’s going on? Peter Hug responds

Рет қаралды 440,251

Күн бұрын

Silver’s future is bleak as a recession could wipe out any industrial demand left for the metal, this according to Peter Hug, global trading director of Kitco Metals.
Monetary policy was not enough to calm investors, Hug noted, as markets reacted negatively to the last Federal Reserve rate cut made last Sunday.
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Пікірлер: 293

@matthewj2492 4 жыл бұрын

Strange, silver is going down, but when you try and buy, a lot of it is "Sold out"!!!!

@MrCropper 3 жыл бұрын

Your comment is prescient. I'm in the future in the middle of the great Silver Squeeze. Still not enough silver to go around at $30.

@scram8188 4 жыл бұрын

My question is - Why does silver go down when the market goes down and silver goes down when the market goes up?

@steakershocks 3 жыл бұрын

JP Morgan short sells they own the market if JP Morgan goes bankrupt silver sky rockets.

@scram8188 3 жыл бұрын

@@steakershocks didn't JPMORGANs name just get mentioned in some CCP US voter fraud article.

@steakershocks 3 жыл бұрын

@@scram8188 JP Morgan paid 920m in fines for spoofing the silver markets. The bullion banks manipulate silver everyday. They short sell they have an incentive to keep prices low. Ever since they made that fake ETF SLV/GLD. Fake paper ETFs. The government has an incentive too to make precious metals not as valuable so everyone values their fiat. Question is how long till people find out and this shit gets reset. US government printed out 25% of the money supply this yr so imagine a country has 100m total money now we got 125m. Notice how bitcoin, stocks, etc. Go up and silver stay relatively the same. In times of fear and panic you'd think "oh people will buy silver/gold." Silver legit got so cheap right after covid makes no sense other than manip. Real questions are how long can the bullion banks keep manipulating? How long can the governments of all countries keep printing off more money for bail outs? Meanwhile don't mind China they're hoarding silver/gold. And they banned bitcoin.

@dudesmart3777 3 жыл бұрын

@@steakershocks when did China ban Bitcoin?

@QuestionEverythingMang 3 жыл бұрын

wall street human garbage is why

@thomasmanning829 4 жыл бұрын

Forget silver. Invest in lead. (full metal jacket)

@JaZaarMercury 4 жыл бұрын

I liquidated my paper GOLD. I'm holding on to my PM sovereign coins. I don't think ANY ETF is worth holding.

@simplemarketknowledge3958 4 жыл бұрын

Watching this on May 8th, silver spot is at $15 but actual physicals are selling for $24. This is how you know that the stock markets are manipulated.

@jo_xq58valkyrie21 4 жыл бұрын

I don't understand, can you explain the link between spot vs premium price differences and manipulated market ?

@SCzxjk 3 жыл бұрын

@@jo_xq58valkyrie21 good question pitty he couldn't be bothered answering

@MrDesoto1 4 жыл бұрын

I will not pay these exorbitant premiums. In some places the 1 oz prices are higher now, than when silver was close to $18.00.

@bar8665 4 жыл бұрын

Buy paper silver?? Yeah, no thanks. My REAL silver held it's value just fine and will in the future...

@crashandburngaming5103 4 жыл бұрын

ETF silver is for suckers. If you don’t hold it physically, you own nothing.

@larrybothwell8319 4 жыл бұрын

Daniella and Peter, great interview! The question that didn't get answered ; while I understand the massive selling to cover margin calls drives the price of precious metals down - - then why isn't the massive demand to buy silver with very limited supply, driving the price back up? Many people are willing to pay more, but can't even buy it !

@cliffholley6656 4 жыл бұрын

I been thinking J.P.morgan the whole time this man was talking. It's ok to say it. Everyone knows.

@toyota4x4legend 4 жыл бұрын

This too will pass.

@JMaxwell1000 4 жыл бұрын

Danielle Cambone is THE BEST at Kitco. Great interview; excellent explanations.

@truewealth50 4 жыл бұрын

Silver isnt getting dump,it selling at $25 per once...where you can find it.

@raymondorzecki8660 4 жыл бұрын

FEAR is whats going on.. OUT RIGHT GOVENMENT FEAR AND MANIPULATION is what's going on.

@tuggars50 4 жыл бұрын

Get rid of this paper market

@cryptoguruguy8965 4 жыл бұрын

its arigged game if you can see anything about this prices it shows its rigged

@nellyther5017 4 жыл бұрын

J P Morgan is beating it down!

@MichaelMinecraft190 4 жыл бұрын

Completely sold out in the UK.....

@silvereyedstacker1842 4 жыл бұрын

Thank you Peter and Daniella! Great interview👍. Incredible times we’re living in!

@geoengineeringakachemtrail9365 4 жыл бұрын

Stocked up on silver. Also Shortages here in England UK

@2023bigcat 4 жыл бұрын

They didn't run out, they're not gonna sell the silver they just bought a week ago for $15. False shortage !!

@biggerbitcoin5126 4 жыл бұрын

I wanted to buy some today. They just said call us back in 6 weeks to see if we have any. I did find one dealer but he wanted $35 per ounce. You think you got it bad in the U.S. 10 times worst in the UK.

@PassportGods 3 жыл бұрын

Woah! This was 10 months ago? Sound like today!

@northwestgardener5076 4 жыл бұрын

I will sell mine with a premium of 15$ over spot, or I'm holding.

@michaelmurphy7177 4 жыл бұрын

What happened to supply and demand? Markets are being manipulated.

@garycarlson245 4 жыл бұрын

Just Hodl your silver dont get Rid of it dont panic and sell it. Its gonna be worth way more than what the price reflects.

@seph4667 4 жыл бұрын

The complete loss of individual rights with no protest whatsoever reveals just how hollow America has become. Limitless government ahead.

@lawrencemcrae6616 4 жыл бұрын

Silver is way underpriced.

@josem6761 4 жыл бұрын

No dealer is gonna sell silver at a loss; no investor would pay high enough premium for dealer not to taka a loss at current price drop. Result: No Sale. Thats what happened.

@danb.9713 4 жыл бұрын

I enjjoyed this interview -- have this man on again, please.

@scottosborn4820 4 жыл бұрын

Absolutely great explanation in layman's terms! Thanks Kitco!

@atrain3593 4 жыл бұрын

At this point these subject matter experts opinion are as accurate as anybody’s best guess!

@stackstacksaveuk5350 4 жыл бұрын

great questions, i really loved listening to this interview, as a new investor i find following this whole situation far more understandable and whats really going on.

@golf5476 4 жыл бұрын

Good interview, he was 100% honest,

@WrvrUgoThrUR 4 жыл бұрын

20:28 I concur. Great discussion.

@JeffreyViews 4 жыл бұрын

Advise our clients to buy at $10.00, Mr. Valentine has set the price.

@jialinyan2346 4 жыл бұрын

Thank you guys so much for answering the silver mysteries! No doubt this is the best silver discussion right now!

@jorgegomez524 4 жыл бұрын

Save 21 min , regarding silver. JPM.

@sazajac77z 4 жыл бұрын

Great interview, thank you.

@petercase3442 4 жыл бұрын

Excellent interview !! Lots of good information

@chateaubullion2560 4 жыл бұрын

I'm watching this video on the 18th and currently silver is $11.76 and gold is $1475.00. I think I'll pay more attention to what Peter has to say.

@Newlinjim 4 жыл бұрын

Two of the best out there.

@dylanmilks 4 жыл бұрын

Great discussion Daniella and Peter. Thank you!

@mrp9498 4 жыл бұрын

She’s pretty

@mountainready6667 4 жыл бұрын

Silver is beautiful!!

@KtoddN 4 жыл бұрын

Thank you Daniela, I'm very new to buying Silver and vintage coins. I've always loved Silver and I'm hoping to build a collection for my grandbabies. I've been worried about all this because I don't know anything about the markets and what might happen. I feel a little better about my Silver, after Pete said what he did. It's a scary time for a lot of people I guess. I'm subscribed now also. Thanks for the information!

@robertoh.20 4 жыл бұрын

what is happening? easy, bullion shops won't sell you any silver while it's cheap, they "pretend' to be out of stock.

@monte4150 4 жыл бұрын

Awesome Interview!

@tecnolover2642 4 жыл бұрын

Seems like a really neat genuine guy. Best explanation of what's going on in silver that I've heard.

@oldkarate 4 жыл бұрын

One major flaw in this analysis. The price of silver was so low prior to this meltdown that there are few mines producing silver. Most of the silver used in industry comes from production of other metals such as copper or zinc. If production of those metals falls due to a reduction in manufacturing, so does the supply of silver produced. Thus, a turndown in manufacturing should do nothing to effect the price of silver. On top of this, one third to one half of the world's supply of silver has been sold short on the COMEX. In addition, there's LESS silver in inventory than there is gold. Think there's a problem? Yeah, with these analysts.

@human1513 4 жыл бұрын

Excellent. Thank you for this video.

@SonatasysInc 4 жыл бұрын

Thank you. What a fine interview. Really good information. Many thanks.

@edwardleroy7648 4 жыл бұрын

My dad fixed his plate with super glue for years.

@blackshadow2582 4 жыл бұрын

Give Peter Hug a Hug! What a sweat fellow to be present for this interview. He spoke well. Well done.

@dougveit 4 жыл бұрын

Great interview and info, thanks!

@danielmccarville225 4 жыл бұрын

Peter, thank you so much for making yourself available for this interview! You sound great! No worries.

@mrsteeze3116 4 жыл бұрын

I bought silver this morning. 10K worth of silver into my portfolio. My first metals investment so I think now is the time. Very happy.

@geb9927 4 жыл бұрын

Appreciate the honesty, thank you

@ouruhuru 4 жыл бұрын

Good interview

@Fred-ig1sy 4 жыл бұрын

Why not buy a silver contract at the exchange for $12 per oz and just take physical delivery? Seems like a winner.

@onemonsterceo 4 жыл бұрын

Will the silver futures meet the current physical demand? Or can this situation continue for much longer.

@El_Muchacho_Alegre 4 жыл бұрын

Great interview!

@teknotech 4 жыл бұрын

Thanks for an informative interview.

@rj9724 4 жыл бұрын

great info. Thanks

@BM-bc6jj 4 жыл бұрын

Extremely knowledgeable. Great interview 👍

@BWater-yq3jx 4 жыл бұрын

Silver and Gold pretty much decoupled from the stockmarket now. If anything going in the opposite direction. No more margin calls I guess, and investors focusing on Silver as a precious/monetary metal more than a commodity. Plus reduced mining supply. Free to run up on sentiment now, as I see it.

@fnmag6809 4 жыл бұрын

Fantastic interview great information

@andor8635 4 жыл бұрын

I bought from Nevada Coin in Reno In United states and I paid $5 over spot for the silver American eagle and gold $60 over spot for the American eagle. . What I notice is a lot of gold coins missing in the glass case and I asked and they been selling a lot of gold. . I had no problems buying either gold or silver.

@danielpohlke2208 4 жыл бұрын

Really very good interview... why do not more people listen to this?

@michaeljlangford 4 жыл бұрын

Great! This guy is good; thanks for the inside look.

@mikeep666 4 жыл бұрын

Danielle still looking hot in a crisis.

@Multisportamateur 4 жыл бұрын

At Kitco Hong Kong, Eagles are still going for around $18 a coin.

@billsmith9711 4 жыл бұрын

lovely woman...... wow.

@lanelakey3581 4 жыл бұрын

Finally someone to talk intelligently about silver. I get so tired of hearing from the doomsday crowd. Great video!

@kimlainee5210 4 жыл бұрын

You look great Pete, no worries xxx

@twilghters4turnbull 4 жыл бұрын

I hope that bridge gets fixed! What a trooper! Appreciate you Peter! Thank you.

@anarasi 4 жыл бұрын

This is the best silver discussion!

@ThaCorporate 4 жыл бұрын

Nice interview 💯

@lightsourcer1703 4 жыл бұрын

Great interview! Thank you. 😀

@binion702 4 жыл бұрын

Great interview

@markbrophy5454 4 жыл бұрын

Sorry, Daniella, too late, I already sold my house! I'm a renter now and I got a good deal on the rent!

@Jewelryaffairs 4 жыл бұрын

Thank you both for a great interview

@janereynolds7555 4 жыл бұрын

Very interesting.

@nitishgupta7145 4 жыл бұрын

A very Intelligent discussion. Learnt a lot

@richardthornton7518 4 жыл бұрын

Peter is sharp as a rail!! Great Post!!

@Pinchshot39 4 жыл бұрын

Good video. This was the conclusion I reached myself. The crash of metals is from folks raising $ to buy stocks.

@Alander8 4 жыл бұрын

Maybe off topic, but some of you guys played DOA on bounce mode ; ) 06:15 min. reminded me of that "good old times" 😄 subscribed the channel 😄

@derekwfrazier 4 жыл бұрын

thanks peter

@marcelpacheco7878 4 жыл бұрын

Luv this. He's the go to guy on metals.

@davidbrooke7570 4 жыл бұрын

Daniellas gorgeous

@troygman6033 4 жыл бұрын

Danielle is gorgeous!

@SamFreedom 4 жыл бұрын

Like a fine wine, Daniela, you just get better and better with time.

@shawngale922 4 жыл бұрын

Great episode.

@albertbremner8173 4 жыл бұрын

Nothing to panic about. This is actually fan-bloody-tastic. Time to get MOAR!!!

@jrod6630 4 жыл бұрын

Silver will be really valuable after the crisis

@ocavaleiro177 4 жыл бұрын

I understand. The interviewed can not mention JP Morgan. That is the reason Kitco does not invite Ted Butler.

@AFM734 4 жыл бұрын

Peter is a trooper!

@RN-2444 4 жыл бұрын

KITCO great to do business with. Thanks KITCO. Now get some more RCM 1 oz. silver coins.

@jackagain8346 4 жыл бұрын

This is a short term deflationary situation due to no work production as long as people are hunkered down. Silver should explode when the economy heats back up.