“Me...I’m not selling”.
.
This is NOT the time to buy.
I learned that from 1980 and the Hunt brothers...
In Jan. 1980, the Hunt brothers ran up the price of silver 1000%. From $5 to $50.So the commodities exchange thwarted them by changing the margin requirements. Their fall was spectacular. I’m suspicious of what is going on behind the scenes with this run up.
This is NOT the time to buy
Times are much different than the 1980’s ( I remember them well). The Hunts ran up the Silver price with leveraged PAPER futures contracts. Today, the price is being run up by industry demand buying up physical Silver, and most notably India.
There was no physical shortage of Silver in 1980. The US started selling off its massive Strategic Silver supplies....Gone...All gone by 1982....which is why President Trump just put Silver back on our Strategic Metals list. Today, the mines simply can not keep up with physical demand.
From AI:
“Current Silver Supply Deficit
Overview of the Deficit
The silver market is experiencing its fifth consecutive year of supply deficit. In 2025, the global shortfall is projected to be around 95 to 149 million ounces. This ongoing imbalance is primarily due to stagnant mine production, which remains flat at approximately 813 million ounces annually, while total demand exceeds 1.2 billion ounces...”
Do keep in mind Tech runs on Silver, I phones, electronics, electric vehicles, solar, AI centers, computers, etc....thus the unprecedented demand for Silver.
Hi, Ho Silver, we haven’t seen anything yet.....just warming up.