Jeffrey Christian discusses CPM Group’s shorter term gold and silver price expectations facing a summer with another likely interest rate increase, less negative consensus views on the economy, but a number of problems still facing the world. He then discusses gold and silver market inventories, pointing out that Comex registered silver inventories that were built up during the 2015 – 2020 bear market for silver are coming down, but are still higher than they were at the start of that increase.
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