I have seen this show before, day after day, silver and gold rise.
The reason for that should always be kept at the forefront of our minds!
I keep reading reports about low supplies of silver, and talk about whales taking position of futures, and raising margin amounts..
What I have not been reading about, that I think is more important than any of that, is how much the small investor is taking off the market.
All around the world the little guy is going into coin shops and buying silver dollars, and the longer this rise continues, the more will be going in and doing that.
And when the little guy buys that stuff they put it in a safety deposit box, and forget it-it is gone.
So what I see now is a floor of $50, and supported by the fundamentals of supply and demand.
As mentioned, silver is not elastic, so the final price will be, IMO, after the speculation cycle, what it takes for industry to get the silver they need.
And I can't even make a guess what that will be, but I do see at least a probable rise to $70.
The logic: divide 60 into $4200 and it is 70 i.e. I see a gold, silver ratio of at least 60!??
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