I said this at the bottom of the head as well. This is probably the lowest we'll ever see silver again. The upside to silver is extreme, even if we only return to the natural ratio in the ground of 1:19 gold to silver. The gold price is around $1760, which means the harmonic price for silver would be $92. Demand for the metal is increasing, while miners are barely covering costs at current prices.
If you look at ratios SILVER/VAW, SILVER/USOIL, SILVER/SPY, SILVER/METAL, etc. you will see that silver is at a historic low. It's my best guess that we will complete the head and shoulders and see much higher prices before the end of 2022.
Enjoy.
If you look at ratios SILVER/VAW, SILVER/USOIL, SILVER/SPY, SILVER/METAL, etc. you will see that silver is at a historic low. It's my best guess that we will complete the head and shoulders and see much higher prices before the end of 2022.
Enjoy.