Quoted from phil-lee:Seems there is a lot of chatter about silver hate.
A Great awakening about silver and its failure to meet expectations.
Is it real?
Or do they just want to crush and control the Market?
Never really sure about the silver price/market, more variables to evaluate than gold:
- Industrial metal use, varies with the economy rather than geopolitical events, (like gold does).
- It's mainly byproduct from base metal mining of lead/zinc, wartime brings more supply to the market.
- Mexico is the big producer, always a maybe supply/disruption wild card.
- Latest chatter about solar/critical use, see point 1.
- Seems to be late to the party when gold price soars but first to tank, but when she goes she really goes.
- Buying selling needs to be precisely timed, unlike the long term and dependable safety of gold.
- The JP Morgan story is forever out there. They just pay fines and never have to admit. We'll never know.
Having said all that is JMHO but the same rumors of immanent takeoff or crashing of the silver price were constantly bandied about 20 some odd years ago when the price was closer to $4 US/oz. Today, she's over 5X's higher, so...