Hi friends,
After trading in the $23s for the last coupe of weeks, we finally saw silver tick up to the $24s:
Bullish on silver for sure. With mining costs increasing significantly due to high labor, insurance and fuel costs, the base price of metals should be increasing as well. An inflation hedge is partly a reason to hold silver.
Of course, silver is often a byproduct of mining for gold, so the flip side is that high gold prices will increase mining, which will increase silver production as well, thereby putting supply pressure on the market. Overall though, both are heading higher, in my opinion.
Thanks for coming by,
Brian
I agree with your conclusions as well, I think we're in for a nice hike in the right direction!
I really like the way you are breaking down your explanation , thanks for sharing
Silver and gold are on the move, This month is going to be amazing for crypto as well as for previous metals.
Silver can still do pretty much well than this
An inflation hedge has been a matter of fact nowadays. I am thinking to make a porfolio consisting of gold, silver and stocks.
You are buying the right silver. I don't know much about it. but the price is rising. thank you sir
I think we see a nice dip mid June.
I wonder!!!
The way we've been seeing it for the past few days, we've seen the stock market go up a lot, people will bring their money into silver and into gold, so we can see their prices go up.
Noo wait for me to fill them bags 🤣
You are looking after the business very well.In which a downfall is also recorded once and a bounce is also seen in the second time. The price of silver keeps increasing.So you can buy as well as sell.
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