iShares Silver Trust (SLV)

[Extreme4Reality]

Silver Could Drop Sub-$10 for a Decade Or-More

We produce all the silver we need (500 million ounces), for well under .50 cents per ounce as a nearly free byproduct of copper, zinc, and lead mining.

Further, primary silver mines like Hecla, produce silver (that we don't even need) for $2.70 per ounce, adding to the massive glut.

When silver crashes below $20, it will scare buyers away, and physical premiums will crash.

Silver will get a very bad name as a wealth destroyer and it could take a decade or two before anyone trusts it enough again to attempt to create another bubble.

Silver could fall below $10 and stay there for a decade or longer.

Take a look at what Rhodium (rare, silvery precious metal) did after its bubble broke down... Rhodium returned to 2001 prices and may stay there for a LONG time.



Silver was $4 in 2001