6Mon·

Run for silver

Anyone else excited about the recent move in the silver $965310 (-13.22%) price?

Some of the reasons why I'm excited:

The chart looks a lot like 2008-2010, the first stage for a 500% move
5th year of production deficit
more silver is needed every year for green technologies (solar, EV, electronics)
solid state batteries will consume a lot of silver
gold silver ratio is extremely high, silver has to catch up to the price of gold
high inflation environment with pressure for lower interest rates because of government debt

I'm holding on to my position. Ready for the ride!

$SLV (-12.58%)
$SILVER (-0%)
$SIVR (-12.62%)
$SIL (-6.61%)
$CEF.U
$PSLV.U (-12.02%)
$AGQ

8 Comments

Silas W.@DynasticGrind

5Mon

I've recently considered selling mine to restore some liquidity, but I see what you are getting at. Inflation is not likely to stop anytime, and it will affect all asset prices, especially when it goes out the window.

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Daredevil@daredevil

5Mon

@DynasticGrind I'm not selling until we at least see a new nominal all-time high. So, $50+. Might start selling small portions of my position after that. But I will hold on to the gross of it for the long run. Fundamentals look fantastic, could really skyrocket at some point

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Silas W.@DynasticGrind

5Mon

@trabajohombre I think a lot of people see precious metals as non-cyclical, carved in stone, but I think they are in fact very cyclical, like the housing market. It turned out that the housing and precious metals markets have behaved very similarly, especially after 2008.

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Daredevil@daredevil

2Wk

@DynasticGrind I'm curious, did you end up selling? Or did you hold on? Silver doubled since then!

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Silas W.@DynasticGrind

2Wk

@trabajohombre Yes, I sold about two weeks ago at around +330% but still have a little left.

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Daredevil@daredevil

2Wk

@DynasticGrind congrats! That's a nice return