Will silver ever skyrocket?

[mindrust]

Silver and Gold are both being used in Industrial applications (silver mostly) but they also have a value of storage. (hedge against the FIAT system)

Copper or Iron don't have that storage value unlike gold, they are only being used as Industrial materials. So, average people don't buy copper/iron coins and bury them in their yard. (not to mention, they are common as fuck)

But, Average people demand gold/silver. Industry also needs it. This huge combined demand alone should skyrocket gold/silver prices to the moon. But it is not. Why?

Because the prices are being manipulated by the derivative markets. If they become too valuable for the industrial purposes, factories may run out of business. Can't let that happen. So they want us to believe that they ain't worth shit. Most of us clever enough to see that it's not the truth so we take advantage of their stupidity and buy PM's.

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[webtricks]

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?

Usually price of commodity rises when its demand increases. In order to see demand rising, commodity needs to possess some special status and value. As far as I see, silver was/is never metal of any special distinction. Even poors can afford silver ornaments. However it is working as 'store of value' from many centuries but never able to make its place as 'article of distinction' that is directly relative to price.

[ocid]

I think not, because everyone prefers to invest gold in silver appeals.
If the gold price is high we will sell will get bigger profit,  So I do not think silver can ever rise in price beyond gold.

[frowsiter]

That's less probability statement. Silver is not of interest in many people's list. Also people like profits which silver can't grab for them. Investing in silver is like shitcoin. You may end up with slowest possible profit.

[PhucS]

Your question is quite good, so far we only talk about the price of gold, Bitcoin prices, few people mention the price of silver. In my opinion, I think that the price of silver may increase but it does not increase too much because silver has always been much cheaper than gold. The economic value of silver is also are few people mentioned, although silver is also fashionable, but people prefer gold more often. Although there are many uses in life but silver is mainly exploited and found in the process of mining other metals such as gold, iron etc. It is considered a byproduct and will usually be cheap. If I had to choose between gold and silver I would choose gold without hesitation

[Pettuh4]

I think silver will keep walking in the shadows of gold and Bitcoin because its prices normally increases steadily on a low pace unlike its main rivals and again as a by-product of mining other metals it is deemed common and of less value than commodities on the stock exchange.

[machinek20]

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?

It is possible in the future, silver is being used by so many company to become raw material, and every precious metal will eventually become more and more expensive because the amount will keep on decreasing and something cant simply being replaced, some the company choose silver become raw material because silver got more advantage than other metal, replacing silver will need another research

[gabmen]

I think silver will keep walking in the shadows of gold and Bitcoin because its prices normally increases steadily on a low pace unlike its main rivals and again as a by-product of mining other metals it is deemed common and of less value than commodities on the stock exchange.

you're right. even way back, silver's value was seen as way inferior to that of gold and with the emergence of bitcoin, I don't think silver will have a good run at anytime. it would always be far second to gold.

[rickadone]

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,

It can only happen in a situation if the gold form this world disappear and the silver get some additional characteristics which resembles to the gold. Haha this is something funny man. Come on it is not going to happen ever. How come could the gold be cheaper and the silver be higher. We don’t see the consumption of silver on such a level.

[cafucafucafu]

Silver and Gold are both being used in Industrial applications (silver mostly) but they also have a value of storage. (hedge against the FIAT system)

Copper or Iron don't have that storage value unlike gold, they are only being used as Industrial materials. So, average people don't buy copper/iron coins and bury them in their yard. (not to mention, they are common as fuck)

But, Average people demand gold/silver. Industry also needs it. This huge combined demand alone should skyrocket gold/silver prices to the moon. But it is not. Why?

Because the prices are being manipulated by the derivative markets. If they become too valuable for the industrial purposes, factories may run out of business. Can't let that happen. So they want us to believe that they ain't worth shit. Most of us clever enough to see that it's not the truth so we take advantage of their stupidity and buy PM's.

The thing is that people trust silver and gold, and ultimately it's that trust that matters.

I actually believe that copper is going to be a great bet actually because copper has so many industrial uses and if you look into the history penny coins in the UK were made of copper and it was actually nearly an ounce or somewhere along the lines of that of copper per penny coin. This meant that people actually used copper as a currency.

But silver shouldn't go anywhere upwards any time soon at least because fiat is actually in deflationary mode atm or in the near future. But long term wise i'd go with either silver or gold. It's safer than crypto imo.

[Supercrypt]

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?

Why will anyone prefer to buy silver when the person can afford to buy the gold? This is very easy to guess because we know that the silver is cheaper and gold is precious so no one will buy silver due to the fact that the silver don’t have that potential as that of the gold.

[litaf]

Gold is the more traditional method of investment. If there are any factors that influence people to invest in either silver or gold, most would choose golds so silver doesnt have a very high chance of skyrocketing compared to gold.

[freeyourmind]

Silver and Gold are both being used in Industrial applications (silver mostly) but they also have a value of storage. (hedge against the FIAT system)

Copper or Iron don't have that storage value unlike gold, they are only being used as Industrial materials. So, average people don't buy copper/iron coins and bury them in their yard. (not to mention, they are common as fuck)

But, Average people demand gold/silver. Industry also needs it. This huge combined demand alone should skyrocket gold/silver prices to the moon. But it is not. Why?

Because the prices are being manipulated by the derivative markets. If they become too valuable for the industrial purposes, factories may run out of business. Can't let that happen. So they want us to believe that they ain't worth shit. Most of us clever enough to see that it's not the truth so we take advantage of their stupidity and buy PM's.

I agree with you.  The price of precious metals are dictated by paper contracts.  Meaning you can influence the price of gold or silver without having any.  And the paper contracts represent far more gold and silver than what physically exists.  Unless people demand their gold and silver in physical delivery, the true value will not be reflected in the price.

Now with crytocurrencies available as an alternative to fiat in the event of a currency collapse or something along those lines, which is usually when the price of precious metals would rise in the past, I am doubtful that precious metals will skyrocket in the future.

[deisik]

Silver and Gold are both being used in Industrial applications (silver mostly) but they also have a value of storage. (hedge against the FIAT system)

Copper or Iron don't have that storage value unlike gold, they are only being used as Industrial materials. So, average people don't buy copper/iron coins and bury them in their yard. (not to mention, they are common as fuck)

But, Average people demand gold/silver. Industry also needs it. This huge combined demand alone should skyrocket gold/silver prices to the moon. But it is not. Why?

Because the prices are being manipulated by the derivative markets. If they become too valuable for the industrial purposes, factories may run out of business. Can't let that happen. So they want us to believe that they ain't worth shit. Most of us clever enough to see that it's not the truth so we take advantage of their stupidity and buy PM's.

I agree with you.  The price of precious metals are dictated by paper contracts.  Meaning you can influence the price of gold or silver without having any.  And the paper contracts represent far more gold and silver than what physically exists.  Unless people demand their gold and silver in physical delivery, the true value will not be reflected in the price

You can't issue more paper gold than traders are willing to buy

This is a rule of thumb which derivatives markets (i.e. exchanges) typically follow. Indeed, you can claim that you can buy all this paper gold yourself via phony traders at lower prices (thus driving the price of both metal and paper gold down), but this is a very dangerous endeavor for you since by artificially lowering prices you may cause a massive run for physical metal (i.e. sell more physically-settled futures than in you have gold in your vaults). And if you can't fulfill your obligations following from these contracts, you risk going bust and sued in courts for violation of your promises. This is not so when you bid the price up (i.e. artificially raise the price), therefore paper gold may actually contribute to higher gold prices overall quite contrary to what gold bugs are typically claiming

[kelseydustin]

they are too stable and I do not think that they can increase the price anymore. The only reason why gold and silver keep increasing the price is that the inflation exists and government can print as much paper money as they want

[freeyourmind]

Silver and Gold are both being used in Industrial applications (silver mostly) but they also have a value of storage. (hedge against the FIAT system)

Copper or Iron don't have that storage value unlike gold, they are only being used as Industrial materials. So, average people don't buy copper/iron coins and bury them in their yard. (not to mention, they are common as fuck)

But, Average people demand gold/silver. Industry also needs it. This huge combined demand alone should skyrocket gold/silver prices to the moon. But it is not. Why?

Because the prices are being manipulated by the derivative markets. If they become too valuable for the industrial purposes, factories may run out of business. Can't let that happen. So they want us to believe that they ain't worth shit. Most of us clever enough to see that it's not the truth so we take advantage of their stupidity and buy PM's.

I agree with you.  The price of precious metals are dictated by paper contracts.  Meaning you can influence the price of gold or silver without having any.  And the paper contracts represent far more gold and silver than what physically exists.  Unless people demand their gold and silver in physical delivery, the true value will not be reflected in the price

You can't issue more paper gold than traders are willing to buy

This is a rule of thumb which derivatives markets (i.e. exchanges) typically follow. Indeed, you can claim that you can buy all this paper gold yourself via phony traders at lower prices (thus driving the price of both metal and paper gold down), but this is a very dangerous endeavor for you since by artificially lowering prices you may cause a massive run for physical metal (i.e. sell more physically-settled futures than in you have gold in your vaults). And if you can't fulfill your obligations following from these contracts, you risk going bust and sued in courts for violation of your promises. This is not so when you bid the price up (i.e. artificially raise the price), therefore paper gold may actually contribute to higher gold prices overall quite contrary to what gold bugs are typically claiming

From what I understand, it is possible to do a naked short sell, meaning you are selling gold that you do not have.  That definitely does influence the price of gold.  Especially when you can sell an unlimited amount.  And yes I agree if there becomes demand for physical deliveries, the whole gold pricing system would collapse.  But in the same way when a US dollar was backed by gold, no one requested to take delivery on the gold, and the bank note was enough...it continues to be that way with gold paper contracts.  Perhaps if there's a massive currency crisis, it would expose this.  There are individuals that buy and store physical gold and silver, but a very small % of the population.

[BartS]

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?

It depends silver is getting rarer but one of the things that happen is that no one is mining silver, because it is so cheap, silver is mostly a byproduct of other mining operations at the moment, so if the price of silver gets higher because of lack of supply then the miners of the world will do their best efforts to get silver so I have my doubts silver is going to skyrocket.

[el kaka22]

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?

It depends silver is getting rarer but one of the things that happen is that no one is mining silver, because it is so cheap, silver is mostly a byproduct of other mining operations at the moment, so if the price of silver gets higher because of lack of supply then the miners of the world will do their best efforts to get silver so I have my doubts silver is going to skyrocket.

Other than mining/industrial demand aspects, there is one big support for silver which must be considering it as store of value similar to gold investments. It is being followed worldwide. But obviously it is interlinked with the industrial demands for silver but we cannot be sure which one will be triggering silver to skyrocket.

Probably when gold will be skyrocketing, we can expect silver to start its rally. But as of now gold is not as hot as how bitcoin is attracting investors. So, in near future too silver may remain cold.

[betlord90]

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?

It depends silver is getting rarer but one of the things that happen is that no one is mining silver, because it is so cheap, silver is mostly a byproduct of other mining operations at the moment, so if the price of silver gets higher because of lack of supply then the miners of the world will do their best efforts to get silver so I have my doubts silver is going to skyrocket.

Maybe we can't see for now that price of silver having some high jumps but surely in future as you said if the supply of it will be limited for sure the price of silver will increase, remember its physical commodities wich is usefull on other aspect of life so theirs no doubt that this one will go to its best level.

[LevshaK1]

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 do not think that silver will rise too fast in price, for this there is no special reason. It must become limited in quantity in order to gain immense value.