Dollar is part of it but silver is an industrial metal with the best electrical connectivity so solar panels, ev cars, data centers are all using more silver. The silver market is going into a supply deficit and therefore the price needs to rise to encourage miners to find and build new mine supply.
That's something I hadn't considered. I knew silver was used for electronics but for some reason didn't see the connection between our ever growing tech and the need for more silver! Thanks for the insight 👍
ATH is a bit over USD 48; that was in 2011. 4 N E 1 wanting 2take advantage of precious metals yet afraid of both Au & Ag becoming $++ 2buy, consider PLATINUM. After being worth more than gold in the 2010s, it's around 1/3 the price of Au.
But is the price of silver going up or is it the price of the dollar going down?
Dollar is part of it but silver is an industrial metal with the best electrical connectivity so solar panels, ev cars, data centers are all using more silver. The silver market is going into a supply deficit and therefore the price needs to rise to encourage miners to find and build new mine supply.
That's something I hadn't considered. I knew silver was used for electronics but for some reason didn't see the connection between our ever growing tech and the need for more silver! Thanks for the insight 👍
dollar getting killed
Let's see how crazy it gets this cycle. $150 maybe?
yeah. If the dollar keeps dropping it might.
ATH is a bit over USD 48; that was in 2011. 4 N E 1 wanting 2take advantage of precious metals yet afraid of both Au & Ag becoming $++ 2buy, consider PLATINUM. After being worth more than gold in the 2010s, it's around 1/3 the price of Au.