What's going on with Silver?

>>510109469 (OP)
Tariffs. Precious metals are a safe haven. Loss of confidence in US and fears of much greater inflation.

>>510109469 (OP)
Silver is consistent. The USD is falling.

despite what hoarders and civnats will tell you, silver and gold are industrial investments
PCBs use the shit out of them and as demand goes up, price goes up
this also means both metals will crash if they find an alternate production solution so if you invest in this pay attention to that news

>>510109533
Silver has industrial uses which far outweigh any hording supply.

>>510109469 (OP)
Tariffs; but because industrial silver is also imported, like copper

>>510109469 (OP)
a rugpull will happen on BTC soon, only few know this, you heard it here first
>inb4souce

>>510109469 (OP)
all pms are going crazy this year

>>510111013
>bitcoin value goes up
>PCB production goes up
>PCB demand outpacing
it's shrimple

>>510109469 (OP)
>>510109533
>>510109838
>>510110313
Stack physical silver.

>>510109469 (OP)
It’s probably the most undervalued asset on the planet. Still $11 below its ath. Anyone who doesn’t have any is functionally retarded

>>510113507
>Anyone who doesn’t have all his savings in it is functionally retarded
Fixed

>>510111013
my lil platinum really doing something

>>510110313
What if there's a depression and industry stops? Then no more industrial demand, and price falls. So this safe haven might not be so safe.

>>510116864
1 oz gold is 1 oz gold, whatever fiat denomination you wish you attach to it is worthless

>>510117199
But insofar as the value of gold is based on industrial uses, then as industrial uses stop because of economic depression, the value of gold also falls.

So under normal industrial conditions, 1 oz gold = x pounds of beef.

However, as industrial conditions deteriorate, 1 oz gold = x pounds of beef / deterioration factor.

>>510117938
your assumption is that gold drops in fiat denomination but beef doesn't, I don't know how well that correlation holds

There is a huge short position on silver. So it will squeeze if they lose control.

>>510115314
its a bit gamble with physical platinum and premiums at my coin dealer are insane like 20%, they look nice though

>>510109469 (OP)
zoom out