Will silver ever skyrocket?

[asylum1]

people say it will go to one thousand dollars an ounce or more but if it showed signs of going that high tech companies would likely switch to cheaper metals as alternatives and phasing silver out. it probably would not sky rocket for that reason alone.

i think so many people have silver that if it did go up to one thousand dollars an ounce it would cause economic inflation.

am i mistaken or did i miss something?

[Symphony_fr]

I do not think that silver will grow too fast. It can only be used for very long investments or for those who have very little money to invest because it is too cheap.

[grermezter]

I really doubt it ever will, if you do have some, sell it and get some Gold rather, gold seem to skyrocket whenever there is a major disaster and it seems that almost happens on at least a monthly basis. Gold is the best investment for terrible times.

[OROBTC]

people say it will go to one thousand dollars an ounce or more but if it showed signs of going that high tech companies would likely switch to cheaper metals as alternatives and phasing silver out. it probably would not sky rocket for that reason alone.

i think so many people have silver that if it did go up to one thousand dollars an ounce it would cause economic inflation.

am i mistaken or did i miss something?

Theoretically silver could go way up, but I doubt it.

There are various schools of thought on silver.  Because it is used by industry, and ("they say") it is relatively scarce re physical gold, that means should there be a squeeze, Ag could go way up.  Silver is the best metal for various electrical applications.

But, my money is mainly on gold.  The Central Banks do not store silver (nor Bitcoin for that matter).  They store gold.  Central Banks are not stupid.

[CataloniaFM]

people say it will go to one thousand dollars an ounce or more but if it showed signs of going that high tech companies would likely switch to cheaper metals as alternatives and phasing silver out. it probably would not sky rocket for that reason alone.

i think so many people have silver that if it did go up to one thousand dollars an ounce it would cause economic inflation.

am i mistaken or did i miss something?

Theoretically silver could go way up, but I doubt it.

There are various schools of thought on silver.  Because it is used by industry, and ("they say") it is relatively scarce re physical gold, that means should there be a squeeze, Ag could go way up.  Silver is the best metal for various electrical applications.

But, my money is mainly on gold.  The Central Banks do not store silver (nor Bitcoin for that matter).  They store gold.  Central Banks are not stupid.

I agree. It is most profitable to invest in gold. Silver can also come in handy in the event of collapse, but it will not be as valuable as gold.

[lordquanta]

It could go up and big whales monopolize the silver supply and then made it scares. Weird! hanh.  At this stage, silver is used in many industries thus it is industrial level metal compared to the gold.  The silver supply is in abundance and it does not hold same affection as gold or other precious metals does. But as I said nothing is impossible. Real life example, diamond. Diamonds are NOT at all scare and in fact are found in abundance. Just because their supply is monopolized, their prices have been marked up. In addition to that diamond has been cleverly marketed by Dee beers as symbol of love and stability [1] and [2]

https://www.youtube.com/watch?v=yplI48hSt2E
https://www.youtube.com/watch?v=N5kWu1ifBGU
 

[SvenBomvolen]

Silver may cost thousands dollars only in the case of inflation when couple thousands dollars will cost nothing. As a human with economic education I suppose silver will not cost high in this century. I just don't see reasons for that happen.

[Kp4everK]

Silver may cost thousands dollars only in the case of inflation when couple thousands dollars will cost nothing. As a human with economic education I suppose silver will not cost high in this century. I just don't see reasons for that happen.

I agree. In the near future there is no reason for such rapid growth of silver. You can invest, but only for fun and for a long time.

[darkangel11]

Unfortunately no. It would be possible if the mines were hit by a disaster or the amount of silver in the ground was very low.
Silver is mined everywhere, because it exist in various ores like copper, so ore mining in general would have to stop for silver to really gain value, but then all metals would go up, so nobody would really focus purely on silver.

[Mometaskers]

people say it will go to one thousand dollars an ounce or more but if it showed signs of going that high tech companies would likely switch to cheaper metals as alternatives and phasing silver out. it probably would not sky rocket for that reason alone.

i think so many people have silver that if it did go up to one thousand dollars an ounce it would cause economic inflation.

am i mistaken or did i miss something?

Theoretically silver could go way up, but I doubt it.

There are various schools of thought on silver.  Because it is used by industry, and ("they say") it is relatively scarce re physical gold, that means should there be a squeeze, Ag could go way up.  Silver is the best metal for various electrical applications.

But, my money is mainly on gold.  The Central Banks do not store silver (nor Bitcoin for that matter).  They store gold.  Central Banks are not stupid.

It seems it's not rare enough compared with gold. I think if you'll have your own vault, there is also the problem of storing it, after all, it's not as inert as gold. It could be more finicky.

I'm too poor to invest in precious metals but if I have money I'd probably buy gold first and just buy silver later (I prefer it over gold - aesthetically).

Since we've you've already touched on gold, what about storing value in jewelry? Does the same amount and purity of gold change in value if it's in jewelry form? Would jewelries appreciate in value over time or do they just stay the same, or worse, drop?

[Pearls Before Swine]

I do not think that silver will grow too fast. It can only be used for very long investments or for those who have very little money to invest because it is too cheap.

It makes very nice jewellery too, so it has a practical use.

More to your point is that silver did skyrocket from like 2008-2011.  Now it's in the crapper again,  if you call $16.50 toilette worthy.  Might ve an excellent time to buy for those who like to actually buy low.  I have some but I'm sorta reluctant to buy more.

[xuan87]

I think it has a good chance to be skyrocketed, silver is one of the precious metals and one day it will become scarce and silver being used in many sectors, so many things in our life using silver so when the market has a lot of demands then the price will go up

[NUFCrichard]

I really doubt it ever will, if you do have some, sell it and get some Gold rather, gold seem to skyrocket whenever there is a major disaster and it seems that almost happens on at least a monthly basis. Gold is the best investment for terrible times.

I think the whole point in investing in Silver now is that ist is historically at a low Silver:Gold price ratio, as well as being more volatile.
The hope is that when Gold rises, Silver will rise even more back to the historical norm ratio and there will be profit to be made.

Don't buy into the whole $1000/oz rubbish, it could be $50 sometime again soon, but even that is far from certain.
There isn't a shortage like some people say, and plenty is mined as a byproduct.

[Karmakid]

Silver for a short time investment and that amount i think its really imposible at this time,see gold it didnt skyrocket that much in his past years so dont expect smaller things goes bigger than the big ones

[corroze]

I think it is unlikely that the price of silver can skyrocket, if we look at trading in the market, because it may be more dominated by gold

[VanDeinsberg12]

I do not think that silver will grow too fast. It can only be used for very long investments or for those who have very little money to invest because it is too cheap.

It will be impossible. Silver as a long-term investment. You must remember the gold is main actor. Silver just an alternative way to keep your investment on the stable invement. and silver is cheap rather than gold. and it makes every one be able to save his money on silver,

[alexsamudra]

Silver is growing rapidly like a rocket but if the investment is cheap.

[Windpower]

people say it will go to one thousand dollars an ounce or more but if it showed signs of going that high tech companies would likely switch to cheaper metals as alternatives and phasing silver out. it probably would not sky rocket for that reason alone.

i think so many people have silver that if it did go up to one thousand dollars an ounce it would cause economic inflation.

am i mistaken or did i miss something?

I definitely think that you are mistaken or you just heard some bullshit story from someone else. Silver will not rocket up in price like Bitcoin for example. It is a long term investment with very slowly rises in price as there is less and less on the market.

[el kaka22]

Compared to gold, silver has many industrial applications hence fundamentally silver has many aspects to skyrocket in near future. But you cannot expect quicker appreciations like how bitcoin doing right now. I never consider any of bullions for my investment purposes because I am fully satisfied with my cryptocurrency investments.

I think it is unlikely that the price of silver can skyrocket, if we look at trading in the market, because it may be more dominated by gold

Even gold and silver are trading in same direction most of the times, silver is having a separate market space and hence we cannot expect one to follow another. The appearance of dominance in gold is just a delusional, silver has its own cappability to skyrocket.

[deisik]

people say it will go to one thousand dollars an ounce or more but if it showed signs of going that high tech companies would likely switch to cheaper metals as alternatives and phasing silver out. it probably would not sky rocket for that reason alone.

i think so many people have silver that if it did go up to one thousand dollars an ounce it would cause economic inflation.

am i mistaken or did i miss something?

You certainly miss something

I'd rather say confuse cause and effect. It is next to impossible for silver to cause "economic inflation". I assume that you mean dollar inflation by that. But the reverse is quite possible, though. If dollar gets massively devalued (for whatever reason), there is no doubt that both gold and silver prices will skyrocket (more gold than silver, but still). This is something like a knee-jerk reaction. Whenever dollar weakens, even if only for a few percentage points, gold instantly reacts and silver follows