Silver Spot Price 2018 Predictions
- Thread starter MattH
- Start date
Nothing to do with Morgan, to increase Silver prices 5 of the biggest mines needs to shut.
There is so much Silver being dug out of ground, it almost silly to call Silver a precious Metal,
Most of the poorest people in the world can afford to wear Silver jewellery just says it all.
Think of oil... it wasn’t the banks that drove spot price down to $20 a barrel.
$20 a barrel occurred becuase of the sheer volume of new oil fron American frackers flooding the market with cheap oil, and to remedy the price collapse. The only thing that worked to increase price of oil, opec had to reduce production. And it’s the same for silver.
Another way of looking at it, why are raspberries more expensive than bananas, basically scarcity. The only time bananasa came close to raspberry prices was when there was a shortage.
People go and on about banks wanting to keep prices down, when it reality there is just so much of it, even the banks want the price to go up.
Think back when was the last time Silver spot price was $40.... when bullion’s dealers didn’t have any to sell.
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Oversupply? Where are you pulling this info from?
I haven’t heard or seen a jewellers, dealer, stacker, industry, bank or anyone actually have a sign up saying “Out of Silver”.
Is my understanding of shortage wrong, to me a shortage means at least hard to get, but silver isn’t hard to get at all, it’s everywhere.
Few months back the second largest primary Silver mine in the world closed due to human rights abuses and we didn’t have a blip on spots prices.
Only people who says there is a shortage of Silver are self interested industry body, bullion dealers, collectors, pumpers, stackers and miners. I totally understand if one is talking about Perth Mint series one Lunar OX is rare, but saying generic Silver is in shortage is ridiculus.
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Wouldn't a shortage at the places you say suggest a rise to $50 is on the cards? I agree it isn't that short yet but I thought maybe you had some solid data backing your opinion. For me personally I hope silver drops to $5-10 an oz as I would like to get a lot more of it.
Not in asia. No one seems to be interested in silver at all. While gold is bought/sold everywhere
$5-10 was our past, we saw $50 as a tea-seer
$8.50 was really a manipulation, but real silver was traded for $12.50 during the SLV time
(the Option seller was called upon to deliver ALL HIS silver, even though the spot price was taken down that low; Option holder did not let his Right Lapses even though exercising that Right would cost a dear)
we have higher low, 13.65 then 14.39 then most recent 15.6
so anywhere in range 14.40 to 15.60 must be good bargain
bargain for below 16.00
good price below 17.00 right now
in the last 5 years, there were a number of storage houses being build for Silver and Gold in Singapore, compared to the past...
( I never check them out yet, but from video footage there are a lot of silver there too)
It is true till today that silver is junk to most people in the East, gold is always ATAS
I guess it matters where you live when it comes economic collapse! The only reason it will ever matter what the average man thinks of gold/silver is then.
