Andy Schectman LATEST WARNING to Silver Holders (MUST WATCH!)

In this episode Andy Schectman talks about his insights and experiences with the gold and silver markets and explains his views on the future of precious metals.
Andy also talks about the bond markets and what the prices of other commodities could do in 2024.

Schectman how silver is falling off expectations and the ETF's are not picking up in price as andy schectman expected. He also makes a huge prediction on what will be the catalysts for the fall in the banking system and also discusses how it affects the future prices of gold, silver and the bond markets and wraps up together with a strong message to precious metals holders.

If you're into commodities, this video is for you.

Andy Schectman has been a prominent figure in the financial services industry for more than 25 years, during which he has served as President and owner of Miles Franklin, Precious Metals.

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In today's analysis of the silver market on FXEmpire.com, we observed intriguing developments in the price of silver. Early in the trading session on Tuesday, silver exhibited a temporary decline. However, it swiftly reversed course, displaying signs of vitality.

This market appears to be in a phase of self-correction, particularly as it resides near a significant historical support level. A touch of "market memory" might come into play here. If the price dips below the lows of the past 48 hours, there's a likelihood of a descent toward the $22 mark. Conversely, breaching the 50-Day EMA could propel the market considerably higher, potentially targeting the $24 level.

The silver market is notably influenced by shifts in the bond market and rising interest rates in the United States. Unlike gold, silver's dynamics are more intricate, as it must consider its industrial utility. An upsurge in industrial demand can override the cacophony emanating from the bond market, the U.S. dollar, and various other factors. Additionally, geopolitical concerns add a layer of complexity. Although silver plays second fiddle to gold, it remains a precious metal, which means there's substantial potential for market turbulence.

It's important to note that the market experienced a sharp surge last Friday. The looming question is whether the market will take a few days to digest these gains or if we might witness a complete reversal. A decline in the market is not an implausible scenario, given the significance of the current juncture and the natural attention drawn to the 50-Day EMA. However, after the surge last Friday, there's a reasonable expectation of mounting buying pressure, hinting at the possibility of an explosive move when it finally takes shape.

The BRICS nations, which include Brazil, Russia, India, China, and South Africa, are making strategic moves to reduce reliance on the U.S. dollar in their financial transactions, further shaping the precious metals market.

We provide the latest news and insights on gold, silver, and copper, from price trends to investment strategies. In the words of Andy Schectman, President of Miles Franklin Precious Metals, central banks' dedication to gold and silver continues to inspire, and with each revelation, we move closer to an exciting endgame in the world of precious metals.

Credits:
@arcadiaeconomics
https://youtu.be/ds7c3zAfcH8?si=hU3sXP4FW_lxSQ1N
Andy Schectman: Silver Continues To Flow Out of the ETFs

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