/biz/ - Business & Finance

>>50843702
>>50843660

I suspect it's about $120-$180 based on this reasoning

$120 is based on 1/15th of Gold's price of about $1800. I don't believe the price of gold is spoofed nearly as much as silver because too many different hands are controlling gold, while the control of silver is much more monopolized. And since many times in history, silver tended to be worth about 1/15th of the price of gold, this is what would the ratio adjusted price would be.

$180 is based on the inflation adjusted all-time high from the the Hunts brothers recognized the short squeeze and tried buying up as much commercial silver as possible before the US congress stopped them. This number feels more likely because we've had it before, and can have it again if the silver squeeze movement really takes off.

It's perfectly reasonable to predict that silver can hit that value. That being said, It's not as reasonable to buy silver for the sole sake of speculation. Silver "should've gone up" loads of times, it almost got really high from the 2008 recession when spot was $49 but bank bullshittery was able to stop it and pump it down to $9 an ounce. I buy silver with the "worst case scenario" expectation that not much happens with the price and so I don't spend more than I can afford. Any increase is a pleasant surprise, not "breaking even". This book was great about silver's modern price history, I definitely recommend it.