I ask ChatGPT and it said we’ve had a silver supply deficit for the last five years…
Apparently, the miners are just barely making profit at this price point……
Hmmm……
I’m sure prices will correct, they always do, I just don’t know how far down they will go if there is supply deficit.🤔😮
I have been hearing the same story since 2021 the supply deficit hasn't corelated to the price at all... Silver has been a terrible investment take a look at this chart comparing S&P500 to Silver long term since end of World War 2:
I could make a case for Silver doubling to about $108 on that fact that it historically trails Gold top and on the current strength and momentum, but that is about it and looking at the history of Silver bubbles I am not willing to hold the bag on that:
That’s probably wise my friend😇
I believe silver price has been suppressed for years, and will continue to be suppressed…….
It’s a big boy game Lol…..