No. I'd love to see silver finally break out. I bought in-depth in 2009 at a maximum cost of $9/oz. At today's prices that's a pretty mediocre return on investment.
A frenzy should be well into the 3 digits, at least.
Silver is up about 10% in the last 24 hours while gold has not moved. So that could be due to Big Finance cancelling their silver shorts in reaction to the silver short squeeze rumor. If silver should pull a GameStop, it would have to go over 400/oz.
A frenzy should be well into the 3 digits, at least.
GME's "frenzy" had it at about 100X the nominal value, that would put AU at about $2500. I don't see that happening. The goob would just classify silver as a machine gun or something and take it away.
GME's "frenzy" had it at about 100X the nominal value, that would put AU at about $2500. I don't see that happening. The goob would just classify silver as a machine gun or something and take it away.
That kind of chaos might start actually damaging the US dollar and put us into uncharted territory. A 4-digit silver price would be huge, of course.
Bitcoin has spiked higher, though other cryptos have not really followed as yet. I think Musk made some comment about bitcoin.