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Florida Makes Gold and Silver Legal Tender: A New Era Begins
June 4, 2025
A Bold Move Toward Monetary Sovereignty
On May 28, 2025, Governor Ron DeSantis signed HB 999, a bill that initiates the process of recognizing gold and silver as legal tender in Florida.
If the implementation rules are ratified, starting July 1, 2026, businesses and government entities will be allowed to accept gold and silver for payments.
⚖️ Tax Benefits and Purity Requirements
• Gold must be 99.5% pure, silver 99.9%.
• Coins must be stamped with weight and purity.
• Purchases over $500 are exempt from sales tax, under certain conditions.
Why It Matters
The move is designed to protect Florida’s financial freedom and counter federal overreach.
DeSantis stated:
“Florida stands for freedom, economic self-determination, and resistance to overregulation.”
Gold at All-Time Highs
• Gold hit $3,500/oz in April 2025, a record-breaking level.
• With Trump’s return and global uncertainty, precious metals are surging.
• Silver may be next — the breakout could be explosive.
Original article by Lloyd Lee, published on BUSINESS INSIDER
https://www.businessinsider.com/florida-gold-silver-legal-tender-ron-desantis-currency-2025-5
Silver Set for Major Breakout: Industrial Demand and Supply Squeeze Drive Bullish Forecasts
June 2, 2025
Introduction: A Market on the Verge of Explosion
While gold has hit repeated record highs, silver is now poised for its own breakout. With the gold-silver ratio nearing historic extremes (~100:1), experts see a divergence between the two precious metals, driven by silver’s rising industrial demand.
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Key Drivers of Silver’s Bullish Outlook
1. Industrial Demand Overtakes Investment Demand
• Silver’s traditional role as a safe-haven asset is weakening.
• Now, industrial usage – especially for solar panels and electric vehicles – has overtaken investment demand.
• India’s solar energy policies, alongside China’s dominance (90% of industrial use), could cause a demand explosion.
2. Supply Constraints Due to Mining Structure
• Silver is mainly a by-product of copper, zinc, and nickel mining.
• Rising prices won’t incentivize production since miners focus on the base metals.
• Experts project a structural supply deficit of 120 million ounces annually.
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Technical Signals Confirm the Momentum
• Michael Oliver sees bullish momentum indicators aligning with a breakout above $36.
• Pattern suggests a triple top breakout, historically a bullish confirmation.
• If the gold-silver ratio reverts to the 40–80:1 range, silver outperformance vs gold is likely.
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Market Manipulation and COMEX Pressure
• Eric Sprott claims long-standing market manipulation:
• COMEX banks hold over 500 million ounces in short positions.
• Suppression tactics are losing effectiveness as prices hold above $30.
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Price Forecasts: $50, $70, Even $200?
• Sprott sees a surge above $50, potentially reaching $200 based on historical ratios.
• Oliver predicts a rapid move to $70 as crypto speculation fades and U.S. Treasuries lose appeal.
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Conclusion: A Unique Historical Setup
• Experts believe silver is at a critical turning point.
• Industrial growth, supply constraints, and technical strength could lead to a historic silver bull run.
Original article from Sunlight Xiang, published on NAI 500
Silver Surges Past $32.60 as Dollar Sinks After US Credit Downgrade
May, 31 2025
Introduction: Silver Rallies Amid Dollar Weakness
Silver (XAG/USD) has bounced back above $32.60 after Moody’s downgraded the US credit rating, sending the US Dollar Index (DXY) tumbling. This opens the door for further upside as traders eye a possible breakout beyond $33.00.
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Dollar Decline Boosts Silver Momentum
• The US dollar fell sharply after Moody’s downgraded the US credit rating from Aaa to Aa1, citing persistent budget deficits and debt concerns.
• This fiscal instability undermined the dollar, giving silver prices some breathing room and helping XAG/USD recover from recent dips.
• The DXY is now hovering near 100.00, further supporting precious metals.
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Industrial Demand Remains Strong
• Despite easing geopolitical risks (e.g., possible Russia-Ukraine ceasefire, US-China trade thaw), silver’s industrial demand remains solid.
• According to the Silver Institute, industrial use is projected to exceed 700 million ounces in 2025.
• Key sectors: electric vehicles (EVs), solar energy, and electronics.
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Technical Outlook: Triangle Pattern Forming
• Silver is currently coiling within a symmetrical triangle, with support at $32.00 and resistance near $33.00.
• The 21-day EMA at $32.56 acts as short-term friction.
• Technical indicators:
• RSI near 50 (neutral)
• MACD nearing a bullish crossover
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Key Price Zones to Watch
• Breakout above $33.00 → bullish confirmation, next target: $34.00
• Breakdown below $32.00 → bearish risk, support at $31.00–$30.75
• Overall setup favors bullish continuation, especially if the dollar weakness persists.
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Conclusion: Bullish Tailwinds Stay Intact
With industrial demand surging and the US dollar under pressure, the medium-term silver outlook remains bullish. Traders await economic data and Fed speeches for further direction.
Original article from TheTradable
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Silver Stocks Watchlist – Newmont, First Majestic & Rio Amid Tariff Tensions
May 31, 2025
In the midst of rising trade tensions between the U.S. and China, three key mining stocks are drawing investor attention: Newmont Corporation (NEM), First Majestic Silver (AG), and Rio Tinto (RIO). Newmont, after a strong +41% year-to-date performance, is showing signs of consolidation near the $52 level, raising questions about potential downside risks. First Majestic Silver is particularly noteworthy, with a 12% YTD gain and a short interest surge of 39.3%, indicating that the stock could be ripe for a short squeeze. Meanwhile, Rio Tinto is staging a solid rebound from its two-year low, climbing back above breakeven, while its options remain attractively priced due to historically low implied volatility. As commodities and safe-haven assets gain momentum, these mining names offer strategic opportunities amid global uncertainty.
Original article from Schaeffer's Research
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This page provides detailed insights into the silver market, including silver supply and demand trends, industrial usage in solar energy and electronics, investment dynamics, mining output, and long-term price forecasts. Silver remains a key asset in both precious metals investing and industrial applications, offering unique opportunities in today's evolving macroeconomic landscape.
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