Post
Topic
Board Economics
Re: Silver/USD is at its highest since 2013
by
mindrust
on 19/05/2024, 19:39:35 UTC
There are strange hype about silver in the twitter that i can't understand. Looks like nothing changed for this metal however people are buying it much more in the recent months

It is underpriced af that’s why people are hoarding it. I don’t think there are many commodities that haven’t reached its last ATH recently. Silver is one of those rare assets. It hit $50 in 2011 and it hasn’t been recovered from the that crash ever since.

Gold made a new ATH and went above $2400 but silver is still struggling. If you check the historical gold/silver ratios, you’ll see that either silver is cheap or gold is expensive. Since gold isn’t expensive, it means silver is cheap.

That’s a sure bet.