Silver is in a long-term supply deficit, made worse by government mandates to promote solar energy and lack of investment in mines. Copper, which produces a lot of secondary silver, is in the same position.
Silver has just started to break out. I can only speak to my own case, but I am holding out for much higher prices ($70-$100 oz)
I have quite a few oz. of silver and gold. Considering everything in this world today......I am holding. Cash is not making me anything....
Silver tends to be a byproduct of copper mining. With copper at $5 a pound, that will boost mining. So, silver should come back down a bit over time.
Unless the D’Anconia Copper just shuts down the mines.
Who is John Galt?
Yeah, but my wife wants a pool, and if I can’t pay for it I don’t need it.