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?
Usually price of commodity rises when its demand increases. In order to see demand rising, commodity needs to possess some special status and value. As far as I see, silver was/is never metal of any special distinction. Even poors can afford silver ornaments. However it is working as 'store of value' from many centuries but never able to make its place as 'article of distinction' that is directly relative to price.