The more I research into this the more I realize that the prices are just going to keep going up because there using more silver than silver is being able to be mined or produced and there is not enough reserves to keep these massive companies going. China is the world's largest consumer of silver which is why their prices are much higher than United States as they are trying to collect as much silver to protect their multi-billion dollar companies from shutting down due to lack of silver.
I'm making a statement right now that I believe silver prices will go up to at least $1,000 an ounce. Silver outperforms gold in the electronics companies so why would gold be worth thousands of dollars per ounce and not silver?
I will go even further than the $1000. Mark my words, it may not be this year or the next, however simply with the lack of supply and the supply that there is, is being used up never to be seen again, there will come a day when silver will be worth more than gold.
You're absolutely right. People and big investors are buying up so much silver here in the United States and then selling it over to China for a big profit but China will continue to raise its prices until it collects most of all the silver reserves.
Unless there is a massive find of silver all the sudden that will change things but it just doesn't look like it 😎👍
GOD FEARING, Thankful Old Carpenter, I stand for freedom our Republic. Took the oath to the Constitution, and will keep it! WWG1WGA!
I do Agree With U and Glen , im Thinking of Cashing in a little Gold, and Getting silver Monday Morning Maybe I can time the Dip/ bottom if there is one if not ill just buy what I Can.
Happy new yr my fren! james🙏
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They are not buying physical silver here and selling it in China... they are buying paper silver contracts in the hopes that they can help force the market pricing to drop back down and in order to cover the death bleeding out on their silver short losses which keep mounting as the market price goes up...
HUGE DIFFERENCE
...and of course, it's not working for one reason
there is NO PHYSICAL SILVER TO BUY it's just paper promises... oh, kinda exactly like the dollar
