that certainly applies to Silver especially if you want to make a whole bunch of money very easily without a lot of work oh wait a minute so gold is money recognized by the entire world the only thing recognized by the entire world that everyone agrees is money this will be my preeminent Silver video ever it's part three of the silver squeeze it's going to explain my outlook for silver prices why I think the price drivers are all pointing to higher prices and we're also going to talk


about most importantly what you can do about it how you can benefit and also the most massive thing that just recently is starting to happen is that central banks are getting on on buying silver not just gold plus I'm going to tell you what happens to silver stocks and gold stocks and commodity prices in a down turn and also we're going to look at three things that I always say about gold and we're going to say how that applies to Silver there are so many price drivers and so many influencing


forces affecting silver right now that we're going to have to go really quickly through this video we'll start with the mother of all charts that you need to see if you're a silver investor here's the total Supply total demand and if you notice going back to 2015 you've got about equal Supply to demand next year you've got more Supply than demand again more Supply again more Supply and it wasn't until 2019 that that ratio flipped and now look at 2020 much more demand than Supply 2021


much more demand following year much more demand and you can see all the way up to what will be an estimation for total demand in 2024 2015 million ounces of demand over and above Supply this is from the silver Institute and here's a table of silver production by country who are the top four who do you think I'll give you a minute to think of your [Music] guess wrong it's Mexico China Peru then Chile and here's a chart from statista showing you the M production of silver worldwide Global Supply has been broadly


steady at around 1 billion ounces but last year industrial silver demand grew by 11% that demand growth is coming along from photovoltaics all this new technology and wiring computers and energy grid connections that are required because of artificial intelligence Quantum Computing cryptocurrency mining a general overall evolution of the entire global population towards easier things like Technologies and I wish I could find the clip and I started looking for it but after about 20 seconds I thought who


cares I'm looking for the clip that I said the other day about four videos ago or so that even in a heatwave sweater prices will increase if there's more demand than Supply now you need to know that silver always follows gold with a lag a little bit difference in trading but in general as you can see from these charts here from gold silver you look at one's gold the other one silver and they kind of look similar except for one brief point but as I told you a while ago it's always going to perform gold


overall on a percentage basis until the gold to Silver ratio normalizes closer to 40 but what's been driving gold since we've been talking about it at $1,600 it's been the Central Bank buying that I showed you and now central banks are buying silver to now this one you know exactly what it is and what it's all about the global risk premium that's being put into things like the price of gold because it's a flight to safety when things go chaotic there's a lot going on with the wars the military and


you guys know all of this and all about it think about it yourself if Israel does this if Iran does that if Ukraine does that what happens it affects things like oil and gold and the overall Global Safety and Security we don't need to get into this because you get the idea with this stuff but no one knows where these wars are going to go especially the people that are involved with them in the front lines so you choose what you think is going to happen or play out because it will all have major


implications you need to keep an eye on the stuff even though it's difficult to watch with anything there's less and less low hanging fruit the mining industry gold and silver on all mining is very mature now so if there is a shallow really concentrated find of gold or silver that's being exploited now that's typical for any industry as it matures potential profits become fewer and fewer and further and further between that's why you're going to start to see a lot of consolidation in the


mining industry or it's less expensive to buy another mine that found and identifi certain deposits then have to search for it themselves you just buy the mine you buy the deposits and you have the bank roll to really get that mine rolling properly so the good reserves are harder to find a little bit deeper in the ground but where is the top place in the world for gold and silver it's in the Golden Triangle of Canada western Canada and that's where a lot of the stocks we talk about Peter


Le's approved mining stocks in the Peter leed's newsletter are operating right now and there's a paved Road right to the ocean you can get that gold out to China today and silver prices have been sickly low for such a long time now that what happens is that any commodity when the prices get lower you're going to start to see a curtailing of operations mines will be put on pause or closed down entire projects will get scrapped mines will sit life L and it was the great late tboon pickets who would


always say the cure for low oil prices is low oil prices that can also apply to things like silver and gold because to get these mins up and running again as now the price of silver has been really spiking higher lately you want to get some of these Silver Mines going again but in a lot of cases that will take many years for them to come online again and silver is a hybrid metal so it's used as a precious metal for savings and it's used as an industrial metal for electronics for some reason in North


America the majority of people don't even understand what silver and gold is or the value of precious metals and they're not touching it as an investment at all and like out in the East like China where they're just or any of the bricks Nation they are buying it like crazy I'm talking about retail people talking about the Chinese population is going into the jewelry stores and buying gold as an investment but retail investors are starting to come back because now they're all starting to


notice what we've been talking about for many years now so they're going to start coming back and buying silver in addition to that the industrial uses of silver has increased by 11% year-over-year so there's more retail investing there's more industrial investing but I'll tell you the understanding in North America by the value of gold and I'll say that Canada for example has no gold Holdings at all perhaps they think well we've got lot of gold in the ground we'll dig it up if we


have to sure but that's not the point of having a whole bunch of gold in a vault somewhere it says something it's a statement about the strength of your economy and it will bleed over into how people treat your currency now think about if the government of Canada was watching my videos and they had Buck gold when I started talking about it they'd be sitting on billions literally billions of dollars in profit they should hire me to be a consultant or something but speaking of reserves it


reminds me of something I wanted to mention that people say the Federal Reserve is not federal and has no reserves they're only half right because they say that because it sounds like a good sound bite but they don't really understand it the Federal Reserve is not a federal organization but it does have reserves here's a screenshot of the reserves that they have right now special drawing rights gold foreign currencies Reserve position in the international monetary fund and this is from CHS it's a chart that goes back


from 1850 to now of the gold to ratio it's at 80.7 4 and you can see that historically it's closer to somewhere in the range between 30 and 45 even though there's 19 times more silver than there is gold in the Earth's crust only nine times more silver than gold is extracted today but a silver has started doing exactly what I told you it was going to do I was so excited cuz I just got my girlfriend to start investing and that's what I sent to Jane the other day because I was showing her


that silver was up 65% on the day that's unheard of for a commodity to move that much this from the United States governmental Services of the 1, 740,000 metric tons of silver discovered to date 55% is found in just four countries on Earth this is from the visual capitalist the top silver producing countries Mexico China Peru Chile and the Federal Reserve recently started their first easing campaign in four years and what happens when they lower rates is that cost more dollars to buy things like


commod Commodities so all Commodities go up in price as the dollar declines there might be one more small cut at the Federal Reserves meeting November 6th and 7th but what's interesting by that date what does it stick out to you it is a day or two after the federal election and we all know that this election no one's going to know who the winner is at first and the thing is that the Federal Reserve chairman and a lot of them have their jobs because of the decisions of whoever's the president at the time


although Jerome Powell knows that both Harris and Trump want lower rates the Federal Reserve wants lower rates the people want lower rates is that the right decision I leave it to you but rates will come down and they will have to go back up once inflation bounces so maybe there's one more small cut on the November 6th and 7th meeting and then they say that next year there'll be four Cuts in total for about 100 basis points now this is the most common chart that I ever show you this is the monetary creation chart and you


got to figure that the country itself has an operating deficit we're not making enough money we're making half the money we need from Taxation and we have to cover the rest usually getting money from China or Japan but they don't do that anymore and so we have to print new money plus if you haven't seen enough stimulus spending yet which has been a record amount of stimulus spending there's going to be a lot more coming up especially if we get into any kind of recession recession I should say


especially when we get into the recession so look at this chart contemplate it for a second stare at it for a minute turn off the other music get the kids to be quiet look at this chart there's your strong economy now this is huge central banks are starting to buy silver more openly and it's starting with Russia but it's going to spread through to the bricks Nations at least this from the Jerusalem Post Russia set to boost silver Reserves major precious metal strategy shift that doesn't just apply to Russia okay this


is going to apply to a lot of other countries anyone who wants to get away from US dollar dominance is going to want to get into precious metals a lot more so this may just be the first Salvo in what the bricks nations are going to do they've already loaded up on gold and that's in the prices where it's gone and gold mining stocks forget about it gold goes up 10% gold Ming stocks go up 100% Russia shifts its precious metals strategy adding silver to State reserves alongside gold platinum and


Palladium potentially impacting Global markets as central banks reconsider silver's value Russia's draft federal budget Airlines plans to significantly bolster its Holdings and precious metals over the coming years notably the budget includes plans to acquire gold Platinum Palladium and for the first time silver now keep that in mind when you talk about just coming up what happen and a market downturn cuz think of what we just said there about the buying demands and of course there's a lot of military


purchases and Silver's being seen now as a strategic medal for a lot of military reasons but this is from The Controller General of the US and it was a really dry read so I didn't read it for me I read it for you guys this is a National Defense requirements for a stockpile of silver I pulled by this screenshot the silver stockpile is located at two locations West Point New York with 49.4 million o and San Francisco with 90.1 million oun and this is from the Jerusalem Post military consumption of silver could far


exceed industrial demand the military's hidden demand for silver could be far greater than we realize well you're watching these videos you realize it but other people don't realize it yet there's the opportunity could silver be the next big commodity squeeze and the answer is absolutely it is actually the commodity squeeze right now it's already begun what think prices are moving 6% 6 and half% in a single day for a commodity besides oil when have you ever seen that everything in silver squeeze


in part two and part three are the reasons that I believe that silver prices are going to go dramatically higher but back to how you can get involved everybody should own some physical silver it's not hard to do it's so cheap right now by some physical gold if you can but for nearly 30 years I've been put out stock picks highly analyzed stocks that P 29o leads analysis Peter leads approved companies and reveal them to you through the world famous Peter leads newsletter one of the most popular


financial publications of all time and even though many of our silver and gold mining stocks have already doubled and tripled since we recently profiled them there are still a few laggers and a few 10 Baggers soon to be 10 Baggers that are said to explod price that we got to tell you about if you want to learn about them on the Peter Leeds newsletter now here's three things I always say about gold and how they're also true for silver I've been telling you about buying gold since it was trading at


$1,600 and then featuring The Peter Leeds approved mining stocks all the way up to $11,800 I still talking about it kept flirting around the $2,000 level and now it's over $2,700 on its path higher this is not the destination this is the journey and what did I tell about gold that whole time is that you never need to worry about gold it doesn't have any company risk nobody's going to embezzle the company or get fined or sued or lose a customer it's a commodity a dude in Norway sees the value the same as a guy


in Australia that is also true of silver you never need to worry about it it'll have Dow drops or the price will go down sometimes because maybe it was press for Perfection or there's an expectation of declining economic activity and we'll get into that in a sec when I tell you what happens in a downturn but you don't need to worry about silver either and especially as these wars broke out and expanded as they have and they're still in process of expanding or growing they're not


coming to an end they're actually getting worse and so I started saying it a lot more frequently if you've been here a while you've seen me say it many times you will want to own some gold whether that's through gold mining stocks or some exposure to gold or the actual physical metal an ETF maybe you're going to want some exposure to gold right now that certainly applies to Silver especially if you want to make a whole bunch of money very easily without a lot of work but that's just me and


it's just my opinion I don't know what's going to happen I'm wrong 100% of the time and I tell you too about gold it's just getting started just wait it's just getting started and in terms of silver I mean that even more so it's just getting started on steroids so as the stock market comes down in a recession any kind of World War III breaks out there's a lot of situations where gold and silver the commodity will drop in price a lot really quickly and the stocks obviously as well just with


stocks that could all come down and sometimes a sinking tide sinks all boats but I don't think that time is yet there will be a time my opinion is that the overall stock market will start doing really badly but gold and silver especially the Press drivers they have right now which which are unheard of right now today Russia is buying silver and putting it in a vault under ground think about that I think the demand Trends are all lining up and that they're going to put so much pressure on


Silver as it get squeezed higher but I believe that stocks will be coming down real estate cryptocurrencies I'm sorry guys but I believe I'm just telling you what I believe in that the gold mining and silver mining companies will hold on really well maybe drop much less than they otherwise would and then they will recover quickly strongly and pretty dramatically because then people will stop having both sides of the argument about gold and they'll say oh wait a minute so gold is money recognized by


the entire world the only thing recognized by the entire world that everyone agrees is money the point being that silver will also not only climb higher but it'll outperform gold in my opinion and maybe you have a question maybe you have a question about a stock you own you say Peter what do you think should I own the stock should I hold it should I sell it you can do all of that if you become a Peter leads Insider Peter leads.com insiders and for a couple bucks a month you get direct access with me I'll


answer all your questions anytime you want