Silver to Fall, says Silver Institute’s Michael DiRienzo

This is an interview with Michael DiRienzo from the Silver Institute.

This is their website https://www.silverinstitute.org

The organization put out a price prediction for silver to drop 2% in 2023, although they are (perhaps unsurprisingly) bullish on the white metal longer term.

2022 saw the biggest deficit on record between supply and demand, and the Silver Institute believe the market will remain in deficit for the next few years as demand from "greenification" industries rockets.

In this interview, Michael DiRienzo goes in-depth on the supply & demand fundamentals for silver over the short, and long term.

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Shortly: you will lose all of your money and possibly most of your brain cells if you listen to talking heads on the internet. Especially if they have orange hair and no experience (me).

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00:00 Skipping intros is not a good idea
01:20 Why is silver lower when we have supply deficit?
05:50 Are silver inventories being drawdown?
07:30 Will silver production keep falling?
10:00 Will silver act as a base metal or a precious metal?
18:00 Will silver fall during a recession?
19:00 Is jewelry demand for silver dying?
24:10 Why is silver heading lower?
28:45 What could make silver go higher?
31:20 Could silver outperform gold?
33:55 How do geopolitics influence the silver price?
36:30 Physical silver coins
42:10 More about the Silver Institute's report
44:40 Closing thoughts

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