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?
When i think about Silver market,i remember the Hunt brothers who nearly cornered the silver market by accumulating huge amount of silver and earned around $4 billion dollars in silver speculation and it was estimated that they had around hundred million troy ounce ,in the end it was a sad story as they lost everything when the market crashed.I am not certain whether the commodity market of silver will skyrocket just like that but you could see some movements here and there.