Loading ...Why would the silver shares go up when they can’t make money at these prices? Pure silver producers are now starting to feel the pinch associated with these low prices. And then there general deleveraging risk – so people are not buying due to this risk as well.
That’s the immediate problem, and largely why the shares are sluggish right now.
By next year however, both reserves and production should be falling at an accelerating rate. And with any luck, enough of the deleveraging will be done to allow a strong bid to return to the shares.
So silver will have it’s ‘bitcoin moment’ at some point. (thanks to whoever coined that phrase – read it the other day.)
Just not yet. Things must mature. But I know how you feel. It’s been a long road – no?
Cheers