by Chris Waltzek
Peter Schiff, Chairman of SchiffGold.com and the host discuss the current silver market eruption, as predicted two weeks earlier on the show. At the end of 2015, for the first time hedge funds were net short the silver market, setting the stage for the perfect price squeeze. Precious metals shares are only beginning what could be a remarkable multi-year advance, as investors wake up to the opportunity; shares are just now starting to reflect their intrinsic value and as the underlying PMs bullion prices advance, the relative affect on the shares could prove explosive. Peter Schiff is “pounding the table” on merits of silver. His forecast includes a meteoric climb to $50 silver, where investment demand / tight supply conditions force the market to eclipse the record zenith on the heels of peak-silver (declining mine output), as well as rising industrial demand, sending AG north of $100-$200+. The legendary investor suggests that investors not dwell on $20 silver, but to be wise enough to procure some for the long-term.