Silver will drop soon, then will go up

TreasureHunter

TreasureHunter

Well-Known Member
An interesting video by Uneducated Economist:



He believes that silver's price decrease will happen. I agree that silver will come down.
Temporarily the dollar is gaining strength.

I think that there's a possibility for silver to take a dive this year and sink down to 17-18 $. My next thought is about what trick dealers will invent for not ending up in loss - so I think we will see high premiums for a long time.

Even now, the premiums are obscene. But I think if silver goes lower and if it stays there for long enough, premiums might come down as well.

What are your thoughts on this?
 
Only paper silver will drop in price. You will see physical "shortages" like we saw at $11 USD, high premiums at dealers, and increased physical demand.

As always, this will be a way to flush out weak hands, push cash into ETFs, and delay the inevitable rise of physical silver.

The paper-physical price divergence will be a critical element moving forwards from the 2020 crash
 
Yeahh-Im-Gonna-Have-To-Ask-Silver-Meme.png
 
If gold has finished the correction, then it will impact silver as well. If this is the case, I don't expect cheaper silver soon.
 
^ the only thing shinny is his banana !!! lol
and his darth vedar
 
that was last week, you will get to see next week in India black out as fuel run out
the flooding is preventing coal mining, so it stop there for a little while
Japan has election this month end, the PM provoked Russia, and the response is wow,
Russia can nuke 200 of Japan centres IF US could do double, Russia can do it 100 times over!
and US will do nothing about it, may be the Russian revenge would come one day ealier than declared war, nuke first no one to talk to later lol
 
India blackout due to lifting of pandemic measures. Now endemic. Everyone rushing back to work, the power stations probably prepare for that!
 
sgbuyer said:
India blackout due to lifting of pandemic measures. Now endemic. Everyone rushing back to work, the power stations probably prepare for that!
Click to expand...

I am not up to date with what is happening in India (regarding blackouts).

But blackouts are happening even in Europe, as well as China. Not sure what is causing these, since power plants should be able to function normally.
After all, people working from home shouldn't be consuming more than from the (currently closed) office spaces. The industrial production (especially car industry) is experiencing a downturn currently, so there is less consumption there as well.
 
EU rely too much on wind, since the earth farts so often, the energy generation from wind fall off the cliff and half as efficient
so the gas used increased by 15% but the total is deficit of energy, hence you have black outs

China is trying to cut back the use of coal, at the same time power generation becoming loss making, so the lesser input being consume and less energy being generated to avoid making loses, there they have black out and with the flood causing the coal mine operations

India black out is coming next week, as the coal on stock will be completely consumed, the local mines also stop operating due to flood for now, they will re-open and moving coal again, but there is a gap and black out is inevitable
 
TreasureHunter said:
I am not up to date with what is happening in India (regarding blackouts).

But blackouts are happening even in Europe, as well as China. Not sure what is causing these, since power plants should be able to function normally.
After all, people working from home shouldn't be consuming more than from the (currently closed) office spaces. The industrial production (especially car industry) is experiencing a downturn currently, so there is less consumption there as well.
Click to expand...

Winter in China is much colder than other places with the same temp because of high humidity. If Windows are closed to retain heat, COVID will spread like crazy.

One thing good about SEA is there's no winters. AC doesn't consume much electricity if we set at high temp like 26C. Night time temp is lower, like it is 29C now, a very hot night but to get it down to 26C where you can sleep is only 3C.
 
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