LOS ANGELES, June 9, 2017 /PRNewswire/ -- Famed money manager Stephen Leeb created waves in the financial media when he told King World News that the spot price of silver could soon eclipse $100 per ounce.
For the spot price of silver to climb past a $100 threshold, it would have to appreciate more than 450%. Yet, Leeb not only thinks it's possible, but he says it's only a matter of time until China pushes drive silver to $100. Other analysts agree with Leeb, arguing that silver is on the verge of a new "super cycle."
Demand for physical silver could spike in the world's most populous countries. The Chinese middle class—itself larger than any other country in the world except India—demands jewelry, electronics, infrastructure, and energy independence. Each of these things require silver.
"There is massive demand for photovoltaics in Japan and China," Leeb said in his King World News interview. "There is also massive demand for silver in the Middle East for this type of energy infrastructure."
There are other reasons why silver prices could go much, much higher than they were in early June 2017.
Gold remains the most popular precious metal for commodity investing, both in the United States and internationally. Silver is the second most popular investment metal, and is particularly popular for Self-Directed IRA inclusion.
You can own real, physical silver bullion and store it in a tax-advantaged retirement vehicle. American Bullion can discuss your options and help you every step of the way.
American Bullion News: http://www.AmericanBullionNews.com
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SOURCE American Bullion, Inc.