• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 4 hours One Last Warning For The U.S. Shale Patch
  • 2 hours Oil Slips Further From 2019 Highs On Trade Worries
  • 3 mins Chile Tests Floating Solar Farm
  • 23 mins Poll: Will Renewables Save the World?
  • 42 mins Once Upon A Time... North Korea Abruptly Withdraws Staff From Liaison Office
  • 9 hours China's E-Buses Killing Diesel Demand
  • 9 hours Trump sells out his base to please Wallstreet and Oil industry
  • 19 hours Trump Tariffs On China Working
  • 5 hours China's Expansion: Italy Leads Europe Into China’s Embrace
  • 1 day 3 Pipes: EPIC 900K, CACTUS II 670K, GREY OAKS 800K
  • 21 hours Read: OPEC THREATENED TO KILL US SHALE
  • 20 hours Russian Effect: U.S. May Soon Pause Preparations For Delivering F-35s To Turkey
  • 3 hours New Rebate For EVs in Canada
  • 18 hours Biomass, Ethanol No Longer Green
Alt Text

Will Silver Prices Continue their Incredible Run

Silver has risen higher relative…

Alt Text

A Look at the First Silver Bubble

Silver is showing all the…

Alt Text

Revisiting the First Silver Bubble

As silver prices start to…

Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Trending Discussions

Next Stop $50 for Silver

Last week, I saw silver rise $1 in one day. I remember when the white metal’s total cost was $1!

Investment demand is overwhelming industrial demand by a large margin. The world produces about 1 billion ounces of silver a year to meet 1 billion ounces a demand for jewelry and industrial process. But over the past year, an additional 300 million ounces of investment demand has piled on top of that, creating the parabolic moves in prices that we have seen this year. The total demand for silver today is the same as it was in 1980, when a corning operation by the Hunt brothers drove it to $50/ounce.

Geologically, silver is 17 times more common than the yellow metal. All of the gold ever mined is still around, from King Solomon’s mine, to Nazi gold bars in Swiss bank vaults, and would fill two and a half Olympic sized swimming pools. But most of the silver mined has been consumed in various industrial processes, and is sitting at the bottom of toxic waste dumps.

Silver did take a multiyear hit when the world shifted from silver based films to digital photography during the nineties. Now rising standards of living in emerging countries are increasing the demand for silver, especially in areas where there is a strong cultural preference for the jewelry, as in Latin America. That means we are setting up for a classic supply demand squeeze.

Whatever you do, don’t buy silver right here. Wait for a more substantial dip. When you do decide to take the plunge, take a look at top producers Silver Wheaton (SLW) and Coeur D Alene Mines (CDE), the ETF (SLV), and the leveraged ETF (AGQ). The big question is now, should I let target creep take hold and raise my long term forecast to $100? That might be really insane!

By. Mad Hedge Fund Trader




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment
  • Anonymous on March 11 2011 said:
    It has been interesting to watch the price of silver rise so significantly and so quickly. As it becomes more in demand it will continue to rise, the only question is to what price?

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News