1Lun·

Run for silver

Anyone else excited about the recent move in the silver $965310 (+1,63 %) price?


Some of the reasons why I'm excited:

attachment
  • 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 (+1,76 %)
$SILVER (+0 %)
$SIVR (+1,74 %)
$SIL (+3,13 %)
$CEF.U
$PSLV.U (+1,68 %)
$AGQ

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3 Comentarios

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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@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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@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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