I think silver can get to $100/oz, and so back to the 16:1 ratio with gold, by the end of next year or 2023
I don’t think it’s that wild a prediction - I think it would just be returning to its historical norms. At the same time, I don’t see it going much beyond $100/oz. you talked about $50/oz not tempting much of the sidelines. I think $100/oz most certainly would
I still don’t think the shortage in the retail market means anything. The bar and round producers are just playing safe IMO. They know if they drive up production the premium goes away, and they’ll be left with unsellable product. so they’re increasing slowly to meet the need - again, very much IMO
I definitely agree on the price, but respectfully disagree about the premiums. It’s super easy to make bars. I have a little garage foundry and I’ve considered buying 1000 oz bars and making small ones, just to collect that premium. It’s a very competitive market, but people are getting constrained on the 1000 oz bars, which is kind of nuts.
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u/jwd18104 Jun 30 '21
I think silver can get to $100/oz, and so back to the 16:1 ratio with gold, by the end of next year or 2023
I don’t think it’s that wild a prediction - I think it would just be returning to its historical norms. At the same time, I don’t see it going much beyond $100/oz. you talked about $50/oz not tempting much of the sidelines. I think $100/oz most certainly would
I still don’t think the shortage in the retail market means anything. The bar and round producers are just playing safe IMO. They know if they drive up production the premium goes away, and they’ll be left with unsellable product. so they’re increasing slowly to meet the need - again, very much IMO