Silver Is On A Tear Today

With the 5 year worldwide silver deficit, companies and countries are scrambling to source ‘The Devil’s Metal’ Speculators are the frosting on the cake that make the peaks and swirls
Can’t just wave a magic wand or make a decree to make it so.
Gonna suck the premium from many of the remaining coins we own and love. Already has

 

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A lot of people are turning to collect silver as gold is out of their price range. It’s over $4200 an ounce and climbing. Silver is much more affordable.

 

Not sure I agree, just because both metals are (effectively) infinitely divisible. Gold's still only about $135/gram, and one-gram "bars" (flecks) are widely available. And if that's too steep, it's still under $10 per grain.

I'll grant that it's easier to find silver in smaller value chunks, and silver probably still carries lower premiums as well. Even folks who can't afford $55-60 for a whole ounce of silver, or $40-50 for a silver dollar, can still afford a silver dime or two.

 

Solar panels alone consume 20% of the total globally mined supply and that is expected to double to 40 % by 2030. Just solar panels nothing else. That's nuts.