people say it will go to one thousand dollars an ounce or more but if it showed signs of going that high tech companies would likely switch to cheaper metals as alternatives and phasing silver out. it probably would not sky rocket for that reason alone.
i think so many people have silver that if it did go up to one thousand dollars an ounce it would cause economic inflation.
am i mistaken or did i miss something?
You certainly miss something
I'd rather say confuse cause and effect. It is next to impossible for silver to cause "economic inflation". I assume that you mean dollar inflation by that. But the reverse is quite possible, though. If dollar gets massively devalued (for whatever reason), there is no doubt that both gold and silver prices will skyrocket (more gold than silver, but still). This is something like a knee-jerk reaction. Whenever dollar weakens, even if only for a few percentage points, gold instantly reacts and silver follows