"the recent run-up in gold is exponential"
That it has and if current trends rhyme with history and given all the fundamentals in place , one would assume that silver's run is imminent and will probably be as exponential as gold's run . The macro view bullish cup and handle that has formed goes back about 45 years . That's massive !
Pressure is obviously building as the "handle " has formed as silver is pushing successfully against the USD$36 resistance level . Other variables include the likes of Russia actively buying silver now for it's own reserves which has never been done before.
Unlike gold which is mined purely for the mineral , silver is largely a "cream on top " bi-product ( and gold is too to a lesser extent) of large copper porphery deposits which take decades and mega billions to develop and bring to production .
My only concern is that during that period the development of military weapons technology and solar power has also been exponential in nature and volume , so one has to assume that these forces have been at play more so than in all history and have a major interest in keeping the price of silver surpressed as they successfully did for about 30 years .
All of these variables have not necessarily been a consideration in past long term history of the mineral. While the handle tends to indicate that significant pressure is being brought into play , I would be interested to hear any constructive thoughts from others on the current set up for silver..
ps. Not interested in the repeating record from across the ditch about property returns etc., as this is the wrong forum on which to keep beating that drum .
No one is interested !
Constructive discussion on topic is welcomed .
Thank you.
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