After an Incredible Week, Huge Things Happening in Silver - Weekly Wrap Up (August 7, 2020)

August 7, 2020

It’s been a great week, with silver up $3.50 and gold up $70. But is the surge over or will there be greater gains in the weeks ahead? Host Craig Hemke and legendary investor Eric Sprott break down all the gold and silver news you need to navigate this incredible period for precious metals.

In this edition of the Weekly Wrap Up you’ll hear:

• Why it’s “all about the silver”
• What’s causing the shares to lag
• Plus: the “hell of a deal” out there now

“Let’s deal with the most important data that we had last week. Unfortunately for our listeners, this data came out at 3:30 in the afternoon on Friday. And it was the Commitment of Traders report that basically suggested that the commercials were buyers of gold and silver at nice, big fat losses for the first time ever in probably 35 years. And they still have a major short position. One of the guys I read, he describes it as an event that has happened ‘never times before.’ Like, it’s never happened before!”