There really is hope for the price of silver

[aberdeen]

I have been reading and hearing for the past twenty two years about the coming (but never arriving) major silver shortage. Will it ever happen in real time?



https://www.kitco.com/news/2023-08-0...als-Focus.html

[windweaver77]

It will happen. Will it be in our lifetime?

[and4rik]

If they keep mining silver to the tune of a billion ozs per year the price will not moon. Every upswing will be met with small and large hoards being found and immediately sold.

[Atlas Shrugged]

Silver always disappoints. You would think that we would be at least in the 35 range at this point.

[Atlas Shrugged]

I have been reading and hearing for the past twenty two years about the coming (but never arriving) major silver shortage. Will it ever happen in real time?



https://www.kitco.com/news/2023-08-0...als-Focus.html

Nope. Not anytime soon.

[windweaver77]

Silver always disappoints. You would think that we would be at least in the 35 range at this point.

I agree with this. If there is a cabal suppressing the price, they are doing a hell of a job.

Just a few blips every ten or 20 years.

[Ag guy]

With premiums what they are...If I were a miner, I would get some stamping machines and start minting my own rounds & bars.

Ag guy

[SilverPalm]

With premiums what they are...If I were a miner, I would get some stamping machines and start minting my own rounds & bars.

Ag guy

I believe that's what Kieth Neumeyer at First Majestic did. Stock symbol AG. I've ridden that pony up & down more than once.

That aside, I found another story about the looming shortage of silver -
https://schiffgold.com/commentaries/...rket-dynamics/

Then I took a look at some published data -
https://www.lbma.org.uk/prices-and-d...don-vault-data

The published data shows about a 20% drop in LBMA inventory during 2022, then a leveling off for pretty much all of this year so far. The answer in that data set is not the same as the statement from that vendor.

That being said, I am bullish on silver at this time. I do see now as a buying opportunity on a medium to long term basis due to the silver/gold ratio being what it is & what it has been. The flattening of the down trend in silver price also hints that now may be a short term opportunity. I am less confident in the short term than the long term, but I feel pretty good about the short term. ...That is, assuming that premiums aren't crazy. I haven't looked at that in a while. If premiums are too bad, I may need to look at paper (yuck).

But of course, these are just the musings of a silly old fool. DYODD

[digbird]

I believe that's what Kieth Neumeyer at First Majestic did. Stock symbol AG. I've ridden that pony up & down more than once.

That aside, I found another story about the looming shortage of silver -
https://schiffgold.com/commentaries/...rket-dynamics/

Then I took a look at some published data -
https://www.lbma.org.uk/prices-and-d...don-vault-data

The published data shows about a 20% drop in LBMA inventory during 2022, then a leveling off for pretty much all of this year so far. The answer in that data set is not the same as the statement from that vendor.

That being said, I am bullish on silver at this time. I do see now as a buying opportunity on a medium to long term basis due to the silver/gold ratio being what it is & what it has been. The flattening of the down trend in silver price also hints that now may be a short term opportunity. I am less confident in the short term than the long term, but I feel pretty good about the short term. ...That is, assuming that premiums aren't crazy. I haven't looked at that in a while. If premiums are too bad, I may need to look at paper (yuck).

But of course, these are just the musings of a silly old fool. DYODD

SilverPalm. I believe Sunshine Mint makes the rounds and bars for First Majestic. I own a few bars and there was a ticket inside that said they were minted at the Sunshine Mint.

I agree with your research that silver is under priced. Watching the First Majestic share prices like a hawk and almost ready to pounce.

[LongDonSilver]

If you are looking for Tesla stock like growth then you will never be happy with silver. However, in my lifetime silver has gone from being used in many USA coins to being worth $25 more or less per ounce. So based upon that then silver has done okay as far as holding its own in maintaining value. Again, you can't expect it to grow like a company that goes from startup to producing billions in dollars in sales with perhaps a huge profit margin. As a waiter once said to me, "If we don't meet your expectations, please lower your expectations". I think you are expecting way too much. Growth like that requires more risk. Risk that requires not buying the metal, but buying the mine.