Why was it steady for the last 10 years. What are the causes and effects behind this. Yes I know there is a silver general but I'd like some serious discussion.
Same with gold
>>62243888jews
>>62243888Checked and China.We are about to fuck their entire economy and they know it so they have been buying assets like fatties eat hot cakes
>>62243903How exactly are we going to "fuck" their economy?
Combination of many converging factors. 20 year market manipulation. Growing industrial use mainly solar power and batteries. Rampant inflation of the dollar. China buying and hording silver.
>>62243911i think he means their currency, but i still don't know. the yuan is based on US debt maybe and you think US will ever pay its debt or just blow up the USD?
>>62243888checkedoften there's no reason behind market action. Investors see something going up and they all pile on to make money. Then they see it dropping and they all jump off to make more money. But some of them are contrarians and will stay on in case it keeps going up.also investors are stupid. And greedy. Trying to explain the actions of stupid people is something only stupid people do.
Chinese speculation. But inflation in general is catching up to suppressed commodities.
>>62243888it's a bubble. zoom out.
>>62243945???
>>62243914>>62243903AI will invent teleportation and we’ll just raid and capture any precious metal caches that other countries have.
>>62243888It started mooning after Samsung announced they had developed a silver battery technology, and then China started hoarding it
>>62243914these are the key points. there are also some additional factors that I think are noteworthy. this gets into sci-fi territory but I think AI will start accelerating us towards future technologies at an exponential rate.silver deposits are naturally comingled with other types of ore, making silver production somewhat random.new experimental batteries that power humanoid robots have very high silver content.same thing with the batteries that power single-seat flying rotor vehicles (think crop-dusting drones, delivery drones, etc.)silver will be used for these data center buildouts and EV buildouts. the design blueprints call for silver. it would be something like $500/oz silver required for companies to start to consider researching synthetic silver alternatives and rework their designs, silver paste is used in solar panels which cannot be recycled.silver, platinum and titanium are known to be the most biocompatible metals. we could very likely discover new types of medical treatments or biomechanical implants that use silver
>>62243888People ITT have a point about industrial demand, but it should be said that a) this is fueled by massive unsustainable bubbles that are already starting to burst, Chinese solar and EV industries for example. And b) the price of silver is so heavily manipulated that it shouldn't be trusted regardless. The industrial bull case is retarded, I'm bullish because I predict a massive economic crisis leading to high inflation and uncertainty, likely culminating in a return to silver/gold backed money. Silver is massively undervalued compared to historical trends.
>>62243888checkedbased retard
>>62243888>>62243890How the hell do you not understand the concept of "scale"?
>>62243888because of you niggers gaslighting the cryptofags into it
>>62244049Paper silver is what should not be trusted, when the industrial demand for silver shoots up to unprecedented levels, money printer goes brrr like in covid, it will surely decouple from the actually physical price that you can buy it for. Right now for every physical oz of silver available, there are 300-400 paper silvers.Industrial demand + infinite money printer = $300 silver soon
>>62244028Interesting but you’re also pretty optimistic about technology
>>62244919Fascinating that it's only $300. I'm glad it won't be getting to $1000 soon.
>>62244942not selling below 500 per oz-silver
>>62243888I see what you typed...what im reading is why did i buy the top.
>>62245021I'm not sure I'll ever be selling it since diversifying has been working out and that's the money making plan while rotating gains into ounces
>>62243888silver is valued at about 30 cad per ozyou value the same silver at 140 cad per oz
>>62244919>money printer goes brrr like in covidThat would only happen during the next economic crisis, when industrial demand is tanking, you dumbass.
>>62245754>industrial demand is tankingWrong.
