Secondary supply of silver possibly only 1 year of supply left at current rate of consumption, does $50 silver sound unrealistic ?
From TD Securities senior commodity strategist.
- A silver squeeze is approaching and likely in the next 12-24 months as LBMA silver supply is almost exhausted. The most stunning assessment is that the LBMA had an estimated 165 years of supply just 5 years and now that supply is all but gone.
Imagine what is coming if this guy proves correct?
A $200 Ag price may prove conservative, due to silver's strategic importance in the renewable manufacturing industry/ Lithium, eat your heart out.
Dyno commented
This may also be an underestimation.
I hear rumours that the Chinese media are recommending that silver is going to be a better investment than Gold in their publications.
Holding all my shiny stuff and this stock with excitement!
Once it starts, there will be no stopping it!
All imho.
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Michael Oliver calling for US$50 Silver by November buckle up !, page-29
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