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.
Secondary supply of silver possibly only 1 year of supply left...
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