Replies to post #30163 on iShares Silver Trust (SLV)

[BDkeg]

That is the same old talking point that has been pumped for years and over a decade actually. Silver is a COMMODITY and not a primary store of value. Most of what is produced as a byproduct of other mining is used in industrial applications. If more people could see that, the price action would actually make more sense. Silver will be below $20 for years here and I am expecting $10-$12 spot in the next 6-12 months and won't be surprised to see it under. People buying silver now because they are anticipating some kind of apocalyptic scenario of it being worth hundreds of dollars will be sorely disappointed, but I do think it can be a good investment if planning on holding for at least 10+ years.