Followers | 2 |
Posts | 923 |
Boards Moderated | 0 |
Alias Born | 03/22/2010 |
Friday, March 02, 2012 2:45:37 PM
The price of just about anything can skyrocket if a hoarding fad starts. We could start a hoarding fad with bags of portland cement and could temporarily drive the price up from $10 up to $100 per unit. But soon the bubble would burst and all that excess cement would flood the market and prices would crash.
Nearly twice as much silver is mined each year as is CONSUMED by industry. The rest is hoarded, but when hoarding fads die, then the price crashes.
A major portion of our silver is mined as a byproduct of other mining activities. Silver prices could plummet to $4 per ounce and all that byproduct silver would still come into the market.
In addition to the tonnages of free byproduct silver, much silver is mined for $5 - $6 per ounce.
Take away the hoarding fad, and we'd have plenty of $5-$7 silver for our industrial consumption needs.
We have enough silver
Recent SLV News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/03/2023 06:39:51 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/04/2023 06:19:53 PM
- Will Silver’s 200-Day MA Break? • ValueWalk • 06/30/2023 07:38:03 PM
- Silver Hangs On By A Thread • ValueWalk • 06/16/2023 05:46:04 PM
- Silver Market Deficit Reaches All-time High In 2022 Amidst Investor Indifference • ValueWalk • 06/10/2023 03:23:22 PM
- Silver’s Swoon Should Resume • ValueWalk • 06/05/2023 05:22:07 PM
- Silver’s Slide Was Far From A Surprise • ValueWalk • 05/19/2023 09:51:37 PM
- When Banks Drop, Silver Pops • ValueWalk • 05/05/2023 08:39:19 PM
- Selvita rejoint le programme IND Package Pipeline de Scientist.com • Business Wire • 03/28/2023 11:55:00 AM
- Selvita schließt sich dem IND Package Pipeline Program von Scientist.com an • Business Wire • 03/28/2023 11:55:00 AM
- Selvita Joins Scientist.com’s IND Package Pipeline Program • Business Wire • 03/28/2023 11:55:00 AM
FEATURED Elevai Labs Launches E-commerce Portal to Support Rapid Growth as Stem Cell Exosome Disruptor in the $19.7 Billion Global Physician Dispensed Cosmeceutical Market • Mar 18, 2024 8:51 AM
FEATURED Prospera Energy Inc. Announces a 508% increase in the 2023 Proven Developed Producing (PDP) Reserve Valuation • Mar 18, 2024 8:09 AM
Greenlite Ventures Enters into Strategic Alliance with Woodway USA • GRNL • Mar 15, 2024 4:00 PM
HealthLynked Welcomes David Rosal as New Chief Financial Officer • HLYK • Mar 13, 2024 8:00 AM
ECGI Holdings, Inc. Announces Continued Efforts in Financial Optimization • ECGI • Mar 13, 2024 8:00 AM
PSYC Begins Business Overhaul Process with Consolidation of 10 Previously Issued Convertible Debentures • PSYC • Mar 13, 2024 7:13 AM