Actual newly mined silver is around 1 Billion Troy Oz a Year, Paper contracts are over 400 B Troy Oz.
So an essentially 30 B business becomes well over a 1 T business on paper. Look for the paper trading to go away and silver to find a more stable value.
Yes, spot price is manipulated, but its what we have for now. I'm hoping that whatever the plan is will remove most of the manipulation if not all. Gold is popular and pretty, but silver is a lot more useful. So I'm hoping my modest stack will at least retain buying power as it has done most of history.
Agree. I've been stacking for 4 years. I consider it a good hedge against a full meltdown. I'm probably about 1 doller ahead or dead even now.
I'm up a bit, but not for long. Dollar is going down faster than Que Mala on Willie.