Quote from: BartS on May 26, 2017, 02:55:10 AM

Quote from: asylum1 on May 18, 2017, 03:27:34 PM

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?

It depends silver is getting rarer but one of the things that happen is that no one is mining silver, because it is so cheap, silver is mostly a byproduct of other mining operations at the moment, so if the price of silver gets higher because of lack of supply then the miners of the world will do their best efforts to get silver so I have my doubts silver is going to skyrocket.

Other than mining/industrial demand aspects, there is one big support for silver which must be considering it as store of value similar to gold investments. It is being followed worldwide. But obviously it is interlinked with the industrial demands for silver but we cannot be sure which one will be triggering silver to skyrocket.

Probably when gold will be skyrocketing, we can expect silver to start its rally. But as of now gold is not as hot as how bitcoin is attracting investors. So, in near future too silver may remain cold.