Was watching a good interview yesterday from miningstockeducation.com
A different way of looking at fair value for silver:
- Since1913 when they started keeping inflation records inflation has risen 100x ie something that cost $1 in 1913 now costs $100. This is conservative given how CPI can be reported and the interviewee suggested it may be closer to 200x - Gold has risen 90x since 2013 (so its also undervalued but not to the same extent as silver per below) - Silver was 60c/oz in 1913 so using 90x = $54/oz,100x = $60/oz, 200x = $120oz
Either way you slice it silver would seem to be way undervalued, even without a demand/supply issue.
IVR Price at posting:
9.3¢ Sentiment: Hold Disclosure: Held
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