Not much else to say.
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Not much else to say.
"The journalist is one who separates the wheat from the chaff, and then prints the chaff." - Adlai Stevenson
“I tell you that virtue does not come from money: but from virtue comes money and all other good things to man, both to the individual and to the state.” - Socrates
Silver has been as low as 16.65 this morning with gold as high as 1703.00 last night . I am probably a buyer yet today on some cheap silver .
Do something Danke
It has been above 100 before in 1991:
https://www.bullionbypost.co.uk/pric...ilver/alltime/
Silver does not look like it is about to go on a huge run based on speculative positioning in the paper market. And that matters a lot. Whether we like it or not.
Check the 20year version of this chart and look at the balance between hedgers ("commercials") and speculators ("large spec"). We are not oversold at all.
https://www.barchart.com/futures/com...al-charts/SI*0
Industrial demand will be very weak in the next few quarters. This will weigh on prices.
Silver supply is significantly a by-product of copper mining. Once copper miners cut production, the supply situation for silver becomes much tighter.
If you are a trader, you can trade the ratio rather than the long silver only trade by shorting gold and going long silver.
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