Into the $31.00 range now (apologies to the folks here who don't follow prices in AUD). If it falls into the 20's then it really will be a sign that silver is becoming less and less relevant to people as an investment class. It's just not sexy enough for the people who want to make big gains with speculative investments like digital coins. Gold still seems like a reasonable store of wealth but silver not at all, it is also a speculative metal with as much downside as upside potential.
Just keep buying the dips! However, if you can recommend another asset, I’m all ears, ( corn too, bourbon distilling ).
Hopefully by the time Silver gets down to sub US$10 (about 12-18 months) the AUD will be closer to parity to create the buying opportunity of a lifetime. The potential increase in the following move could easily be 10x.
If we're going to be crazy then I say Ag $300 (today's value equivalent combined with reduced comparative asset value in the future) within and including 5 years from now.
As much as spot is dropping, the AUD has dropped as well, artificially keeping our spot up. Keep an eye on the AUD and should it steady or go up, buy the dip.
The paper at the very least could save us cash on shelling out for tp just in case if or when it goes to the moon again
