/biz/ - Business & Finance

Would now be a good time to start hoarding silver, or will it drop even further and bottom out around $10 or so? Even if it does I guess I can just buy more. How much do you guys think it will go up (or will it)? Everything I read online is just so all over the place, some people think it will drop to $10 then go up in 2 years, some fanatics say it will spike to $150 by the end of 2019, some say it will shoot up to the moon beecause of JPMorgan's (among others) hoarding and price manipulation.

I cant see it dropping more than 30% (it cant go lower than it costs to produce it, otherwise mining companies will just shut down to drive the price back up), there is a negative production rate right now, but with how much is in circulation/big banker's coffers, I dont think it matters. I mostly just dont want to buy a bunch and be sitting on it for 10 years waiting for prices to go up.