Lower rates also increase borrowing and spending, which can increase industrial demand for silver maybe... Does the cost averaging still hold on this Rocket ride?
Oh no. No political undertones at all. At some point I want to understand what economic wheels drive this PM bus….. I can understand a business stock rising. The company bottom line grows, so grows the stock…… But I am fortunate to be holding some PM’s and for the life of me watching these charts for the most part are just witchcraft to me. PM’s will always hold intrinsic value but the wheels and cogs that dictate that value are a mystery to me.
@Randy Abercrombie There are several factors that drive the price of silver and the other PM’s. I check the prices a few times a day but since I have no interest in selling I don’t do anything except enjoy the ride. lol and where I get off, I don’t know. LOL
Yes Randy, lower borrowing cost tend to push up many commodities. Especially silver. Speculators, investors, hedge funds & industry users buy futures market, often with borrowed capital. And options trading can multiply the effects. And sometimes John Q Public gets excited. And the 4 year worldwide silver deficit adds supply/demand pressure. Buy the Silver ETF and triple your investment every $5 down
I'm here to git learnt too. Mmm hmmm. A little bit more inflation from tariffs, etc. Don't get me wrong, I'm as MAGA as they come.
It's supply and demand, as I've been saying for years here as I said we'd go to $5,000 by 2035 (looks like it'll happen sooner). Big institutional buyers -- CBs, SWFs, Super Rich Folks, etc. -- are all inelestic buyers. Then you have a few billion people who are no longer on subsistence levels like 30-40 years ago.
