The silver trade becomes even more interesting considering how the market will react to higher energy costs. So it would be conceivable the market would have to price it higher because cost of extraction is higher so for a lot of mines it won't be equitable to extract.
$DEGS was a fun trade for a minute but unfortunately that Dominion company couldn't secure their funds or couldn't keep the peg but they are doing a redemption at $63 / oz right now.
I got bounced out of the trade in the chaos but came out with healthy profits.
I am sorry that DEGS couldn't make it. As i expected. But still sad.
I really like how you are still able to see your way to a profit.
I was initially worried they wouldn't be able to keep the peg through the weekends but then it seemed like maybe it was going to be ok. Then suddenly they got attacked or whatever happened.
The marketcap for DEGS is $20K at this point which is crazy but it makes me think that the Dominion guys for SILV didn't know what they were doing. Didn't have the reserves. It's hard to say.