That might be a little high....on the other hand, you have to remember that there are 250-500 paper ounces trading for every physical ounce that actually exists.
Also, historically the Gold-Silver price ration has been about 16-1 .....iow if Gold was at 3,000/oz, Silver would be 1/16 of that, or:$187.59/oz.....and right now that ratio is an inflated 80-1.....
And you have 250-500 paper ounces trading for every physical ounce .....which is a recipe for a run.
They have a nasty habit of controlling that paper price.......but if enough demand happens to where the paper ounce holders actually want physical delivery....well that would lead to a huge run.
I'd be happy with $100 for now....lol
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