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?
If silver will go up, it would have done so since time past simply because it has been in existence at the very beginning no matter how cheap it is, people who are so conscious of luxury, will see it as inferior and this people constitute the majority not by volume but by value and this is what matters. The only thing that will make the surge happen is if other competing items are now becoming unaffordable which I am sure the protector of such competing good will not let happen.