Industrial demand may lessen, but individuals, groups, companies, banks, and countries are loading their vaults as the impending fiat collapse draws nearer.
I believe this “bubble” is just getting legs, and won’t break until $150-$200/oz. silver is upon us. A 10-20% correction will not burst the bubble.
“I believe this “bubble” is just getting legs, and won’t break until $150-$200/oz. silver is upon us. A 10-20% correction will not burst the bubble.”
Bears repeating. Plus, the amount of usable silver for trade (there’s more in the ground to be mined), has been rapidly diminishing in recent years, not to mention that it’s historic ratio to gold (1:15 or so) is off by a long shot, and that the amount of silver (due to use), in relation to gold (saved), is dropping fast. China has told it’s people to buy gold for personal investments, I’m sure people take that to mean silver too. There is no more reason to believe that silver will drop than there is to believe we’re in a “recovery.” In fact the reasons why both are patently false are one in the same, ironically.
Price is always a function of supply and demand; why fill vaults with silver instead of gold? Unless you think that gold is too high (which given the historical ratios, is an impossible case to make if you’re also saying silver is going to go higher).