Yesterday, 11:45 AM
QUOTE(ihm11 @ Dec 16 2025, 09:03 PM)
it's prolly to do with the current silver crisis
physical silver is virtually out of stock everywhere
paper silver is at ATH price of ~usd63/oz n no one is selling becos the price is fake
samsung executives reported went down to the mines in mexico to secure supply paying sky high prices of well over usd74/oz
historically the price of silver tracks the price of gold in a ratio of about 30:1. recently it reached a peak of 120:1, ie while gold was at ATH, silver prices remained low. it has now come back to around 70:1. there is nothing to justify that USD63/oz for silver is too expensive or fake, if based on historical silver:gold prices. since gold prices are unlikely to come down soon (unless china central bank and rest of world stops buying and start selling), dont expect silver prices to drop either.physical silver is virtually out of stock everywhere
paper silver is at ATH price of ~usd63/oz n no one is selling becos the price is fake
samsung executives reported went down to the mines in mexico to secure supply paying sky high prices of well over usd74/oz
This post has been edited by diffyhelman2: Yesterday, 11:46 AM
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