Is ‘triple digit silver’ inevitable? How could the price ever go that high? Join Mike Maloney and his guest Keith Neumeyer for an in-depth look at the silver market, and why they both believe that silver is the most undervalued asset on the planet. This is Part One of a two-part discussion, make sure you are subscribed so that you don’t miss Part Two (coming soon).
They've been saying the same shit for a very, very, very, long time !
Yes and silver is one metal that is consumed. So its supplies are getting extremely limited, and more so as time passes. The prices are being suppressed by the bankers such a JP Morgan. Sooner or later the price will explode. Time will tell. ;)
The official price is the price as determined from the paper markets so its distorted. We do see the shortage at the current prices through the fact that miners will not mine primarily for silver, but for other metals like copper, and the silver they extract as a consequence of mining silver is what goes to market.
It has been successfully manipulated. JP Morgan was busted not long ago for silver manipulation for many years, though the fine they paid is a drop in the bucket compared to what they criminally extracted from the market. And of course, none of the fine goes to compensating those they defrauded.