Another Regional Bank Buckles; Gold & Silver Prices Pull Back

Stefan Gleason Stefan Gleason

Stefan Gleason

May 11th, 2023 Comments

Silver prices (and to a lesser extent, gold prices) have pulled back this morning, with silver dipping well below $25.

The key price levels to watch are the $2,080 all-time gold high and $26 silver. A breakout above these levels would be extremely bullish.

PacWest Bank is back in the news this morning with another 20% crash in its stock on news of a huge outflow of depositors.

Banks continue to play a risky game of chicken by keeping their deposit interest rates near zero.

Americans are seeing 4% rates available elsewhere, and they're yanking bank deposits – even from banks perceived to be safer.

Meanwhile, increasingly more Americans are choosing to hold some of their savings in real money, i.e. physical gold and silver. Money that has no default risk and cannot be inflated away.

If you are looking to pick up some monetary metals, below are good options at Money Metals from which to choose.

We also want to share this excellent presentation by Chris Powell of the Gold Anti-Trust Action Committee regarding the transition from central bank gold price suppression to voracious central bank gold buying.

At Money Metals, we're proud to be the top-rated dealer and depository in the nation. That said, we don't take anything for granted! Thank you for your business and your trust.

Stefan Gleason

About the Author:

Stefan Gleason is CEO of Money Metals Exchange, the company recently named "Best Overall Online Precious Metals Dealer" by Investopedia. A graduate of the University of Florida, Gleason is a seasoned business leader, investor, political strategist, and grassroots activist. Gleason has frequently appeared on national television networks such as CNN, FoxNews, and CNBC and in hundreds of publications such as the Wall Street Journal, TheStreet, and Seeking Alpha.