
The Silver market is heading higher simply because it is hard to ignore the inflation pressure looming in the background. A quick glance at aggregate CRB commodity index shows that inflation is just around the corner. The list of commodities that are heading higher and making all-time highs are numerous. Have you seen lumber price lately? How about corn, beans and wheat? They are making multi-year highs. You can look at my previous notes to see that I have been keeping potential inflation concern into consideration in projecting silver direction. Current Silver price is $27.47 and most likely heading over $30.00 and staying there. The Fed has mentioned their concerns about inflation, and overall, I think that commodities will remain in bull camp in 2021. So, any strong break in silver price will probably be considered as a buying opportunity rather than a selling opportunity.
