Silver to Hit $50 in June, China Driving the Surge – Chen Lin

Silver to Hit $50 in June, China Driving the Surge – Chen Lin

hey everyone I’m Jerry saffron this is Kiko news don’t forget to hit that subscribe button for the latest now in the world of precious metals the spotlight is often on gold but today it’s silver taking the center stage recently silver has been making headlines not just for its luster but for its price movements in the market now today silver spots trading around $31 US silver Bulls looking for the next upside price objective is closing prices above solid technical resistance at the May high of $32.75 now we’ve seen fluctuations in silver prices over the last few months mostly driven by a range of factors from inflation fears to changes in industrial demand particularly in sectors like solar energy where silver is a key component China also a huge player here is the East continues to dominate precious metals buying now we’re here to break it all down for you today we’re joined by Chen Lynn a season newsletter writer known for a Sharp Market insights and profitable pick Chen’s website Chen picks.com has been a go-to resource for many understand and to capitalize on the precious metals Market uh Chen great to see you again my friend welcome back to the show thank you Jeremy let’s let’s dive into this we got so much to get to in such a short amount of time but let’s start by giving a little bit of a lay of the land giving the audience and myself an overview of the current silver market uh at play here talk to me about the price movements that we’ve seen in the past couple of months and more importantly what’s been driving them yeah silver has been breaking out a key resistance of $30 and uh you know uh it broke $30 about a few weeks ago and has been continuing stay above that which is very very important if you look at the history of silver rally okay especially the recent one 2011 once they clear the $30 retested which already did retest I think the drop to 30.1 I remember that uh that’s the last week and then it bounce back one the way up very quickly go to $50 that’s what happened last time and then I expect the same will happen Okay let’s break that down I mean you have a bold prediction here you just kind of mentioned it you see silver at $50 not a crazy call but here’s what I find interesting you’re calling for that $50 by June so what are the critical factors or events to support the projection here Chen yeah C about the factors okay first you can see the China super stock in ch Shanghai stock exchange it’s dropping Like a Rock it’s almost hitting 10year low and at this pace will be Zero by the end of the year before that that that’s first thing and uh second the there’s suddenly there’s sudden interest of buying silver in China in past two months actually you see that it has been consistent consistent premium of Shanghai premium of silver over New York about 10 % for two months already uh if you notice I last September I made a call on gold last September that at that time China started by TR consumer I’m not saying you know Central Bank they’ve been buying I’m saying Chinese investors right like me like many other investor they start buying gold around that time you know uh second half of the year you can see the Shanghai premium suddenly jump since that time and then what happened a few months later we have a big breakout in Gold the silver it just started the silver rally and then the the silver premium in the past two months has been consistently 10% over New York so that means massive silver will be going from the West to the east just like gold and then we should see very continued sharp rally in silver price that’s just one factor and the second factor is we having a historical deficit in silver basically supply and demand Gap uh if you follow history right now the supply demand Gap is almost as big I mean if not bigger of 1950s uh if you recall what happened in 1960s we run out of silver so we stop minting the silver coin there used to be if you’re old enough in the United States the silver coin used to be 90% the the quarter coin the dollar coin quarter coin used be 90% silver now it’s all gone because 1960 we run out of silver so right now the def is very similar to 1950 and then we I see potentially if investor see what I see a huge squeeze on Silver coming first stop is 50 but I believe long-term silver price probably support 30 to $50 somewhere so I think eventually we will break 50 overshoot and then come down maybe to the longterm price of um Ric it to 30 to $50 range wow okay so are you T are you talking about you know you’re talking about June looking at these dates so you know is it mostly the China aspect and more importantly let’s get into that a little bit I’m kind of curious about the Chinese market in terms of investors why the sudden appeal we’ve seen it with gold specifically from the central banks but now turning to Silver is it because it’s cheaper is it because it’s more readily available yeah exactly as you said I mean Chinese in you have to understand China’s situation just opposite that we have right now we have a relatively High interest rate you can collect 5% interest on CD in the United States you know or probably in Canada so you can just park money somewhere in China just opposite very similar to us in 2009 there’s a cash flow conquer prog program right now cash conquer remember in 2009 if you have a car you can put a door together you push it to the dealer they give you $5,000 credit for the new car it’s happening right now in China okay so the the Chinese government tried to stabilize the the market try to stabilize the consumer demand they have cash FL conquer they’re doing QE okay they’re actually buying Empty Apartment right not try to stabilize the whole housing market anyway it seems have a little bit of effect because IMF just upgraded China the gross Prospect this year but my point is they have old the investor have negative interest rate right and then there’s a capital control right you cannot just fly exchange money out to CH out of China but they can buy precious metal so that’s how the gold started they started a second half of last year it looks like it’s like a wildare it’s spreading into silver plus add in addition to that silver we’re running a huge sty yeah well that’s what I wanted to get into next Chen talk to me a little bit about this supply and demand issue you know going back to the 60s we have some history to look at what are we dealing with how bad is this demand issue right now it’s a photo voltage or solar panel is taking off like a rocket right uh two years ago is probably taking a 100 million and and last year taking about 200 million and this year according to Silver Institute 200 bit over 200 million and I’m disputing that I think it’s more than 300 million because I have more concrete data to prove they’re wrong and they already admitted last year du War under estimate it’s on their own War they just published last last month it’s is on their website okay so so we are looking at 300 million deficit I believe this year and if you look at what happened to Microsoft Microsoft in order to run their AI Farm they just went to solar right the solar because AI Farm needs a lot of power and then we saw that in the United States the First Solar stock already at alltime high and then the energy stock is the the utility stock electric utility stock is that very high right it’s going a huge momentum behind that because AI need a lot of power the fastest way to get power I today is s solar Microsoft is the leader of AI they already went to solar they just announced 10 10 billion dollar investment so how about Google how about Apple how about Tesla so my point is if everybody follow Microsoft lead and turn to solar we will have a much bigger deficit I think in the recent interview I talk about potenti 500 million next year because the solar panel industry is underutilized only utilization is less than %. so you can imagine if suddenly they’re fully utilized the the gater will be more than 500 million that’s very scary number that is scary uh okay let’s go back to China just for a quick second because you were kind of just talking about you know the diverging path between the US and China very very different uh in the economy right now does this mean that the Chinese buyers are just getting started started talk to me a little bit about the forecast how long do you anticipate this going on for yeah since uh second half of last year Chinese buyer has been buying gold and they receive gold buy gold premium of Shanghai over New York which means gold has been getting into China or smuggle into China there people smuggle into China go right now as we speaking Yeah uh they have been consistent for the past year so the silver just got started in the past two months if you look at the the premium chart uh premian and versus Shanghai versus New York just got started for past two months so I expect this to last for a very long time okay uh when we look at the chart chin it almost seems like it hits that resistance level and then the prices get pushed back again you were talking a little bit about manipulation I’m curious what your takes are on the pricing here what’s pushing the prices down if we have such a uh Supply deficit right there’s a there’s a complaint to cftc last night silver was too too much too volatile too high to they think that you know you must manipulate the price too high over 30 suddenly it was 20 why is 30 now but as I said I believe the fundamental support 30 to $50 so actually the market is Market recognized this is not right you know they’re trying to search for a right price they’re repricing the over I I believe we’re going higher much higher from here now we’ve seen some movement in the equity markets related to Precious Metals particularly gold miners we’re starting to see a little bit of that balance on the silver equities what stocks are you watching here where do you think that that you know the Divergence of that cost is going to add to the equity price oh I see both gold and silver producers or miners are very very undervalued okay there is a recent report came out that we will experience historical high in the price okay in the March in the gold both gold minor and silver minor so if this continues so I’m extremely excited and I think um you know we we’re living in very interesting time so so just wait for one quarter because the Q2 going to be phenomenal C quarter for the Gold Miner and then Q3 will even better it the margin will be even better than the 2012 margin so the good time is coming okay Chan you know our audience wants to know what you’re buying I mean at these prices you’re saying that there’s some discounts in the markets on the evaluation side what stocks are you watching is it gold and silver equities on the mining or is it just silver at this point oh I have both I have a a a big portfolio on gold and silver and for gold right now uh currently my my biggest is K Rosco and they’re going to have a great bear feasibility coming and second half of the year and there should be another leg up right so and then relatively dear valuation even though they appreciate a lot they still relatively cheap and I have have many many Juniors I I don’t know what uh uh appropriate uh you know to mention smaller companies but you know I I also own a lot of uh super company as well uh my my silver biggest right now is Heckler it’s appreciate a lot and if silver go to 50 probably has a lot of room to go hecka yeah I’ve heard a little bit about that stock and for in fact a very interesting company I think Kitco mining had them on a couple of times uh okay talk to me about when the General market comes in I mean we’re definitely seeing some central banks coming in and buying gold but for the consumers out west when are retail investors going to jump into precious metal equities not yet surprisingly I’ve been very uh focused talking to a lot of fund managers very few fund has seen inflow so that’s actually open up a a great opportunity for your audience who focus on precious metal investment uh I think this year could be one of the greatest year uh for precious metal investment and especially in the junior side I just had a conference for my subscriber it’s just valuation is unbelievable before before if you remember a few years ago used to be if you have a one ounce of gold in the ground in the reserve worth maybe $100 or resource may you know 50 or you know early stage was 10 or 20 no right now everything is thr out of the the window is your valuation is what is your last financing price it’s unbelievable right it’s h so for for small company there’s so many opportunities and I yeah I’m very very excited about that put it yeah I mean you mentioned about it on the minor side if we’re going to come into a deficit on the supply of silver it would make sense it’s some of these miners specifically Juniors maybe some of the bigger groups out there and some of the bigger companies would then benefit who are you looking at this year having your Roi right uh you mean the big or small oh we can go we can go big and small Chen why don’t you give us a couple of picks on the larger caps and then we can go to small caps right large C already mention high in small small cap there’s a little uh silver mining company for guato silver and highly leverage silver price uh because most of the silver Mining Company have bankr right we have o bankr we have all the other just wipe out either wipe out or you know taken over by the by the big boy and then this company is still mostly producing super they’re producing right now they lost a lot of money last year at $20 they will make a lot of money at $30 and Beyond so that’s that’s direct leverage I mean and actually they have more silver actually than lot of those those silver Big C right so and then there’s another uh small Sil company uh Sil related the start the Pasco which I I and a lot of my subscribers on I talked to the management they just got a Peru perubian president s yman uh Fifth Fifth time in the history so they have the support of government and they they they did all these financing actually drove all them all the way down and then they want to grow from here without financing we’ll see finger cross yeah you know you talked a little bit about uh the renewable energy side within China they’re really aggressively expanding renewable energy on the Global silver demand I’m curious you know looking towards the US is it going to catch up on this side of the western world or are we just so far behind the East that they’re in control now oh there is um uh United States has the First Solar okay and then there’s a Toledo silver as solar as well they’re using K Taran technology slightly different same film they don’t use silver but their capacity is quite constrained because their efficiency not as high as a silver related the solar panel uh the new solar panel fure mostly as silver related for the United States so so if uh uh my my point I’m trying to make is Microsoft already jump into solar uh because the the power usage for the ai ai C data center is so much uh we need a lot more we need a lot more and then in meantime because of the manufacturer coming into United States coming back unsure we need a lot of power as well just without AI we already have power shortage look at what happened to Texas right recently their power price 100 fold multiple times ear it’s not even summer so we looking at the potential rolling blackout in the torching summer for for a lot of people living in the South it’s amazing I mean so we need a lot of power solar panel it’s the fastest way there are also other way people talk looking at using nuclear people using maybe Natural Gas gas burn more natural gas maybe even coal but we that’s need that’s par need more power and solar panel just a easy way to go to get there all right so Chen you’re you’re very bullish on gold you’re very bullish on Silver talk to me before I let you go on copper uh another commodity that’s been doing really really well I mean that metal has been really surging on the price side but there’s some analysts that are saying that the price could triple from where it is now what’s your take oh yeah for the long term is very possible uh the the what driven copper I actually was uh quite stay away from copper until March of this year I was very lucky just uh because I got some air from China and they are M making those Transformers for AI data center right AI data center you need to convert the voltage from 110 to 1.6 1.5 whatever their specification has to be very precise otherwise you you’ll burn the chip those use a lot of copper because it’s a copper wire in copper wire out use the magnet you know that’s basically it is and then those kind of order went up a few th000 per. that’s why that was driven the copper run in the past past few week I mean past beginning of the year okay so because those Asian it’s so Asian based yeah exploding that’s why I’m saying the AI going to drive so much this just for copper I mean if you think about AI people if people think Microsoft Is Right way I urge every investor to follow what Google is doing Amazon is doing if they follow Microsoft into solar the silver deficit will be enormous 500 million easily we can get 500 million then what silver price we’re going to be is going to be right so and I think copper not just just just for a small comp component called the transformer for the AI Center and then with our grid our even you you use solar panel how about transmission right all these need copper so we are coming to a stage our of our society of this we need a lot of copper down the road and then there’s not enough copper out there so you’re positioning now I guess what I’m hearing Chan is it’s time to start buying some of the uh some of the junior miners some of the precious metals maybe some of the larger cap companies and do it while there’s still a discount at the market not maybe yes you need to buy buy all the miners uh because this is probably one of the best opportunity is I IAL just talked to my subscriber I just have conference while so this is very similar 2009 remember if you buy any minor 2009 you will make a lot of money just remember to sell some that 2011 2012 which I did I told my subscriber to sell at 2012 so uh that’s why my news idea was chance buying was just selling I didn’t they tell them when to sell you need to remember when to sell actually but my point is there’s so much value out there from producer to Junior to everything and if you you know it’s a stock Pick Market and then you just get on the trend and they enjoy investing yeah you know you talked a little bit about selling and before I let you go it’s an important aspect to break down because a lot of people forget to take profit they think it’s going to just continue to go up what are you looking for there what are the types of things that make you sell oh yeah well right now I’m selling platin and told my subscribers I’ve been buying very profitable trade I bought at like 900 I use a future market so actually very leverage so not many any people every people should use okay so you can use ETF as well so right now it’s over a thousand uh as I said China is using has a big program cash for conquer right you push the old car in you get the new car out most of the new car are electrical car right you push your old car in as old gasoline cars right so I can see in a few months all these uh platin plaum will get recycled back in a few months so I I’m not very bullish on on platin so I told my subscriber let’s sell and take profit nice profit so see you later maybe maybe we’ll see you at 900 again okay well I mean it just reminds the audience again that Commodities are very cyclical absolutely H you need to be able to ride the Cy over weight and be profitable that’s most most important profit we’re all here to make a little bit of money ch ly from chin picks.com joining us today from New Jersey thanks for this chin I’m looking forward to talking to you when you get a little bit more insight about what’s happening out east you’re my go-to guy I appreciate your time today thank you my pleasure thanks Chen I’m Jerry saffron for all of us here at Kito news don’t forget to hit that subscribe button leave a comment tell us who you want to see on the show and we’ll see you next time [Music]

Jeremy Szafron, Anchor at Kitco News, interviews Chen Lin, Founder of Lin Asset Management. In this interview, Chen discusses why he believes silver will reach $50 in June, driven by strong demand from China and a historic market deficit. Lin explains the key factors influencing silver prices and what investors should watch in the coming months including a possible silver squeeze similar to 2011. Lin also gives a quick analysis of Copper Futures and mining stocks.

Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron)
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow)
Follow Chen Lin on X: @ChenLinPicks (https://twitter.com/ChenLinPicks)

0:00 – Introduction
1:15 – Silver Price Trends
3:45 – Chen’s $50 Silver Forecast
5:30 – Demand Drivers in China
8:10 – Historical Silver Deficits
10:50 – Comparing Gold and Silver
13:20 – Silver in Solar Technologies
16:00 – Precious Metals Outlook
18:30 – Investment Advice
20:45 – Final Thoughts

#ChenLin, #SilverForecast, #SilverPrice, #KitcoNews, #Investing, #FinanceTips, #MarketTrends, #EconomicInsights, #PreciousMetalsInvesting, #CommodityMarkets, #SilverBullRun, #FinancialEducation, #InvestmentStrategies, #MarketPredictions #copper #gold #silverprice #silverprediction #silverpriceanalysis #silverpriceforecast
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