Throughout recent history, the $48 silver price has been a resistance point for silver. Each time silver has reached this price, a sell off would bring the price back down.
Much of this has been instigated by hedge funds working for the globalists, protecting the fiat dollar and Federal Reserve.
Rising precious metal prices would attract investors, thus pulling these investors away from the bond market and investing in the only product the Federal Reserve offers, the fiat dollar.
On Thursday, silver broke the $48 mark, and a large sell off dropped the price of silver by $2.30. Silver climbed back up a full $1 by the end of the day and very quickly reclaimed it's $48 mark the next day. Sitting at $48.22 since the end of the trading day on Friday.
We may see another small sell off at $50 but I think again, silver will recover quickly and break through this resistance point. If we can break through the $50 barrier and maintain this as the new consolidated price for silver, the sky is the limit.
Silver Eyes Historic Breakout as $48 Neckline Looms
https://thetradable.com/commodities/silver-eyes-historic-breakout-as-48-neckline-looms-ig--a
Gold, Silver See Historic 2-Hour Crash as Volatility Hits Unprecedented Levels
Silver Price Forecast – Breaking Above $50 Would Change Everything
"Years of expenses covered" is a good metric for how much silver one may have (or lost in a boating accident). A target of 5-10 years covered would basically make one independently wealthy at silver >$1000/oz. Note that the metals most similar electrochemically to silver are sister metal Palladium ($1300/oz) and "next lowest energy octave" Gold ($3900/oz), and if physical silver runs out, then more can be made by converting Palladium electrochemically to the desired silver isotopes.
This might be 1700+ ounces for most people.
And Palladium is near a 5 year low.
"make one independently wealthy"
On the "wealth" question I have always put more weight on the "how little you spend" more so than the "how much you have" side.
A low debt lifestyle in my view is very important in building/maintaining wealth.
Hell. If it hits those prices. That’s a life changing amount of money for most people if they have a couple hundred ounces.
Which supposing they invest intelligently. Can just as easily turn into independently wealthy. Granted not as fast the dude with 2000 ounces.
The wildcard is what the dollar is actually worth in buying power at that point.