Same reason GME is going to the moon. It's been shorted so bad that when people start to take delivery of physical silver, the banks will have to buy real physical silver to deliver it in stead of settling in paper.
That is a question I doubt anyone can answer with 100% accuracy. Silver has yet to break through it's old 1981 all-time high of $50, so that is a good potential starting target. Based off of flawed government inflation figures, the inflation-adjusted price should be around $140 in today's dollars. Real inflation targets $300-$400 per ounce of silver. If we were to go back to a gold/silver standard, the price would have to be even higher than that - maybe even triple-digit silver prices, and gold over $10,000. Hope this helps, but do your own research and take into account: supply, demand, inflation, and trends. Good luck!
Can someone explain to me why silver will go up when all is said and done? I’m not sure I completely understand.
Same reason GME is going to the moon. It's been shorted so bad that when people start to take delivery of physical silver, the banks will have to buy real physical silver to deliver it in stead of settling in paper.
That is a question I doubt anyone can answer with 100% accuracy. Silver has yet to break through it's old 1981 all-time high of $50, so that is a good potential starting target. Based off of flawed government inflation figures, the inflation-adjusted price should be around $140 in today's dollars. Real inflation targets $300-$400 per ounce of silver. If we were to go back to a gold/silver standard, the price would have to be even higher than that - maybe even triple-digit silver prices, and gold over $10,000. Hope this helps, but do your own research and take into account: supply, demand, inflation, and trends. Good luck!