imo gold is more fully priced than silver.
based on a ratio of 16 to 1, as silver is sixteen times more plentiful than gold, silver should be trading at closer to $100.00 per oz rather than $30.00. alternatively gold should be trading at $500.00 per oz rather than $1,600.00.
however, in the past less silver was consumed, where it was mainly used in coinage silverware and even in photograph some of it was recovered. however today in modern applications, silver is consumed and hence we will run low on silver sooner or later.
imo in the medium term we will be coming into catch up, where silver will increase at two to three times the rate of gold.
imo the shorters in silver will be sorted out in the medium term.
imo silver prices may surge in october, if issues escalate middle east. if not silver will surge at the end of the year.
imo buy physical silver ccu and ivr now.
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