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Re: ironyman post# 347

Tuesday, 06/22/2021 10:28:32 PM

Tuesday, June 22, 2021 10:28:32 PM

Post# of 436
Metals are down because the Fed's mentioned they are not going to raise interest rates soon so people are refinancing their houses as well as inflationary pressures have somewhat subsided which was a driving force behind silver's up-trending movement. Electric vehicles still require silver as well as the long term inflation rate increasing over time. The ROX merger will benefit the company. We are seeing the bottom form right now with metals. Bullion dealers are projecting that silver could drop a little below $25.00 in the short term but has the potential to go up to $50.00 before December 2021 due to all of the economic pressures, Wall Street Silver, and the increasing awareness that precious metals have real value compared to fiat currency which is a depreciating asset as a result of inflation.
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