• 2 minutes U.S. Presidential Elections Status - Electoral Votes
  • 5 minutes “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 7 minutes United States LNG Exports Reach Third Place
  • 2 hours https://www.prageru.com/video/whats-wrong-with-wind-and-solar/
  • 16 mins The World Economic Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc.
  • 58 mins Here it is, the actual Complaint filed by Dominion Voting Machines against Sydney Powell
  • 15 hours JACK MA versus Xi Jinping
  • 1 day Tonight Twitter took down Trump's personal account permanently. Trump responded on the POTUS account.
  • 13 hours Researchers Are Harvesting Precious Metals From Industrial Waste
  • 2 days A Message from President Donald J. Trump - 5 minutes from The White House directly
  • 8 mins Minerals, Mining and Industrial Ecology
  • 4 hours Do Republicans like Liz Cheney, Adam Kinzinger, Mitt Romney and now McConnell think voting for Impeachment can save the party ? Without Trump base what is the Republican constituency ? It's over.
  • 2 days CNN's Jake Tapper questions double amputee purple heart recipient GOP Rep's commitment to democracy. Tapper is a disgrace.
Solar Energy Boom Fuels Demand For Silver

Solar Energy Boom Fuels Demand For Silver

Silver prices are already rocketing…

Revisiting the First Silver Bubble

Revisiting the First Silver Bubble

As silver prices start to…

Don't Miss the Big Show in Silver

Don't Miss the Big Show in Silver

Many are excited by the…

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

Premium Content

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





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