For those who own silver because it’s an industrial commodity, what’s happening now is exciting.
For those who own silver because it’s money, what’s happening now is scary.
For those who don’t own silver, what’s happening now is dangerous.
Bam - the silver chart is parabolic.Not really. But the fundamentals are there for excellent growth. It grew 150% last year. Highest growing asset in the world. Silver has been in a supply deficit for 6yrs. And demand is growing, governments are listing it as a strategic metal. You don’t need to be Milton Friedman to understand supply/demand. The COMEX is a futures and derivative market. The Bullion banks have been rigging the price for 50yrs. That’s coming to an end because silver is disappearing. The Shanghai market is based on physical availability. It’s $10 higher there. That’s a huge arbitrage opportunity. The east is draining the vaults in the west and selling in the east. That silver ain’t coming back. The bullion banks that are short on sipver are losing billions. They’re in trouble. Duestche, HSBC, UBS, Scotia, BOA, and Citi are the big shorts. For the first time in decades, JPM is long. Theyre on the good side now. I’ll let them work for me.
Have you seen any price predictions that may be reliable? Originally Posted by Green_Mountain