MARKET HAS GIVEN UP ON SILVER

The silver market was stagnating, also needs renewed investor interest before costs regain and the gold silver ratio falls below 80, said David Morgan editor of The Morgan Report. What is happening is stagnation on the market.

There has not been any fresh buying, there is been a whole lot of stale longs which have given up on the silver story, Morgan explained. On demand and supply principles, Morgan noted that due to low silver prices, the mining level has escalated, but above ground stockpiles of silver have significantly increased.

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