Reading the tea leaves in my tea cup tells me three things, 1) the price of silver will soon go up, 2) the price of silver will soon go down, 3) My teacup is almost empty.
I have been watching with great amusement over the years what everyone else has been predicting. For months (if not years) various people on this site have been saying silver is about to break out, that the price of silver is about to jump, that silver is hugely underpriced, that the price of silver will very soon get back to the proper 40:1 ratio with gold, that the world demand is outstripping supply and pushing the price (soon) higher than ever, ad nauseam. Presenting endless charts and diagrams, videos by "Experts", interviews with those in the know, etc, etc etc.
So has the Perth Mint run out of silver back in May, or was that just a scare campaign? What really happened? Why didn't the price of silver take off? Looking at the price of silver, IT DID take off, back in 2012 and again in 2020. The price seems to be firmly on the way back down. So can someone who really knows tell me? Why should the silver price be constantly on the verge of skyrocketing?
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