As we know, silver largely rises and falls with gold. Can it break away and form its own path? If so, when? What is the realistic GSR in years to come?
It will always follow Gold, the ratio may change, it could overtake Gold, if Gold goes up, so will Silver, and it will follow it down. These are the only 2 PMs recognized worldwide by Joe Citizen as money. In my wife's country, the word money is Silver, and I will retire there.
a book about gold allegedly looted by japan from asia from the 1800s through WWII and the nazis from europe during WWII (Gold Warriors, by Sterling Seagrave; also Nazi In Exile, by Paul Manning) certainly represents a super-abundance of gold - a seemingly impossible volume. but i am led to wonder how much unnaccounted-for gold exists that can be introduced into the market. an enormous supply of gold that can be introduced into the market would be a very effective way to manipulate gold price and wreak havoc - mess with the gold price and everybody would think the sky is falling! since gold and silver move together, wouldn't manipulating gold (whether or not such a superabundance exists) be an effective handle to manipulate silver?
As we know, silver largely rises and falls with gold. Can it break away and form its own path? If so, when? What is the realistic GSR in years to come?
To me it's a bit strange how right now - silver is not falling together with gold!
A slight drop to 28-29 $ from 30-31 $. But that's a weaker response than before.
The two "walk together, hand in hand"... I think it's also because people who buy gold also buy silver... the sellers as well.
Those who don't buy physical silver and gold, buy ETFs - for instance.
So the two go together, they're so strongly linked like lemons and oranges...
It's a characteristic of the PM industry...
But when I think of the GSR... I think the distance should reduce over time. Gold has rallied high, silver didn't climb that high. I guess because it's undervalued.
On the long term I am much more optimistic about silver's growth.