Hey guys I want to give you our new outlook for silver prices for the upcoming year because you’re gonna love this. Check it out! Silver is a hybrid metal; by this I mean it’s both a precious metal, kind of like gold, but it’s also an industrial metal. In terms of precious metal, it will base its value on the weakness. For lack of a better word, of the underlying currency which you’re buying the metal. So since the year 1900 the american dollars lost ninety-five percent of its purchasing power, you’re going to see a proportionate increase in terms of comparative value from precious metals like gold and silver as well. Now we’ve hit a tipping point recently where all the silver produced worldwide from all the mines everywhere is being used up by or for industrial needs. So this is the first time this has happened but you’re going to see the demands on silver only increasing going forward. One of the things that we watch, is the silver to gold ratio meaning how many ounces of silver does it take to buy one single ounce of gold. Historically that comparative value should be about 30 to 40. It should take about 30 to 40 ounces of silver to purchase a single ounce of gold. When that ratio gets higher such as it recently was at 80, 80 ounces of silver to buy 1 ounce of gold, that represents that the price silver is too low compared to the price of gold. Now we have a positive outlook for gold prices. We think that they’re going to go towards eighteen hundred dollars per ounce and after that when they stabilize we there, we do think that they’ll break $2,000 per ounce and go much higher. We anticipate that silver during this time will increase by an even greater percentage amount and since the silver to gold ratio is at 80 we came out and we had common sense said it was ludicrous, was unsustainable and since then the silver to gold ratio has normalized a bit towards 68 ounces of silver to buy 1 ounce of gold. We do believe it has a lot more correction to make in terms of that it’ll take about 30 to 40 ounces of silver to buy 1 ounce of gold, which means that the price of silver will increase faster than any increases we see from the price of gold. Now each year there’s about 520,000 tons of silver which is produced and as I mentioned earlier 520,000 tons of silver are being used each year for industrial needs. Now that amount of silver production is actually pretty much unchanged since the year 2010, when our demands were much less. The demand has increased to meet production but the production has not increased in about six years now. So there you have it. Our outlook for silver prices. You know this is time sensitive so if I tell you that there are at $17.50 per ounce by the time you watch this video that could be higher or lower. Anything could happen in the short term. But in the longer term we anticipate that silver prices are going to trend towards $30.00 per ounce so a good gain of about sixty or seventy percent in the medium term. Longer term we think that silver prices will at least double from here, potentially even more. So I hope this is helpful and you guys are awesome. If you have questions or comments or even if you disagree, please say so in the comment fields below this video and if you haven’t done it yet please subscribe so you can follow along with us as we keep bringing you great videos like this designed to help you profit from penny stocks. My team and I believe in ethics, honesty and integrity and I believe it shows through in everything we do and I hope that you are in line with our philosophy and that you benefit from these videos . You guys are awesome! Thank you so much, talk to you soon.