Silver: Panic or Stay The Course?
A lot of people are fixated on the price of silver. Sure, we all want to see the value of our silver go up. At the same time, it's important to keep in mind there are several factors at play regardless of what happens to the price.
If you were to look at this 30 day price chart you'd think silver was in trouble.
Supply Deficit
People will try to downplay the fact that there's a continual deficit in supply. Demand is still far outpacing it, and it takes years to bring a new mine online. There's been a deficit of over 40,000,000 ounces since 2025, and that's expected to increase to over 46,000,000 this year. (Source)
Increasing Demand
Until the industrial uses decrease, demand will continue to outpace supply. Solar panels, electronic components, missiles and data centers continue to need silver. Until we see some sort of bubble burst, demand isn't going away. (Source)
Now look at the one year chart. I don't see a price concern. I see that despite all of the shenanigans the COMEX and LBMA have pulled to suppress the price, they can't keep it down. It's still fighting to break past $60/ounce.
Eventually, the paper traders trying to suppress the price will fail. Real demand beats fake paper in the end. It's just a waiting game at this point. I think the next time it breaks out, it'll climb even higher than before.
Buy ELIXIR and stake to receive HIVE dividends!
Delegate to @nectarbytes to earn ELIXIR!
https://tribaldex.com/trade/ELIXIR
https://hive-engine.com/trade/ELIXIR
Buy DUO and stake to receive HIVE dividends, tip others, have your posts curated, and grow Hive!
https://tribaldex.com/trade/DUO
https://hive-engine.com/trade/DUO
Do you like stacking gold and silver?
Are you new to Hive, or know someone new to Hive, and want help and support?
Have you been on Hive for a while and want to help new Hive members? Join HOC and help us grow Hive and encourage new members!
Leave Silver: Panic or Stay The Course? to:
Read more #hive-136819 posts
Best Posts From Bullion Tools
We have not curated any of bulliontools's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From Bullion Tools
- Free HIVE, HSBI, Drawmatic Shares and HP Delegations in Play!
- My Silver Gamble Paid Off!
- Win HSBI, Drawmatic Shares, Ecency Points and More!
- Near Mint Condition?
- August Contest for The Mildly Infuriating Community!
- August Contest for The Mildly Infuriating Community!
- Silver Raffle for Fonestreet Winner!
- Silver Raffle for Fonestreet Update - LAST CALL!
- 20K HP Milestone Achieved
- Silver Raffle for Fonestreet Update - 2 Days Left!