As silver soars in the past 5 months, little has been reported about what the silver miners are doing.
Are the miners increasing their inventory?
Or are they busy selling?
I’m not an expert on silver mining. But I suppose there must be many silver mines that are closed because it is not profitable to work them.
Wouldn’t the rising price of silver cause these mines to re-open? Then more silver enters the market. Then the old Supply and Demand thing takes over.
Miners are sitting on historic profits of cash. Here is the “ pecking order “, Gold takes off, then physical Silver ALWAYS rockets up ( the people’s money)playing catch up ( here now), then when J six pack finally notices, jumps in to the cheaper Silver, then institutions pile into the paper miners ( just starting).
Silver miners have already given 150-200 percent since end of 2023. When the “ sheeple” jump on, expect 7x-50 x returns on miners, careful with the junior miners.
Bank on it…..the last two years have been the most profitable in my life ( I was around before the Hunt brothers)… as Jefferson said, ” paper is for the poor”…
He knew all about Paper currencies and Inflation back then.