Very simple. There is over supply of Silver...there is so much Silver being mined that it will take decades to use, including using it on Solar Panels, in phone all appliances...the market is flooded...and anyone buying Silver for over $30 they are being taken and ripped off. Cina also flooded the market, and when all this happens, the way Silver prices can go is down. There is a reason why Copper is $5 A POUND...because there is so much of it. I laugh at people buying these copper coins forn$4 or $5 each...IMHO they are worthless unless you like the design. But Silver, IMHO will keep dropping...I can see it going under $25 in a few weeks or months.
They want you to think the market is flooded it is amazing what it takes to make those electric cars and they are not only in cars! Semi truck to race track it takes tons. I think copper will go crazy as well it will just take a little longer.
Very simple.
There is over supply of Silver...there is so much Silver being mined that it will take decades to use, including using it on Solar Panels, in phone all appliances...the market is flooded...and anyone buying Silver for over $30 they are being taken and ripped off.
Cina also flooded the market, and when all this happens, the way Silver prices can go is down.
There is a reason why Copper is $5 A POUND...because there is so much of it.
I laugh at people buying these copper coins forn$4 or $5 each...IMHO they are worthless unless you like the design.
But Silver, IMHO will keep dropping...I can see it going under $25 in a few weeks or months.
They want you to think the market is flooded it is amazing what it takes to make those electric cars and they are not only in cars! Semi truck to race track it takes tons. I think copper will go crazy as well it will just take a little longer.
@@billyscgp Disagree 100%...copper is hardly even used for pipes in houses anymore...Mining and China has flooded the market.
Thank you for watching and opinion.
@@billyscgp Thank you for watching and opinion.
@@billyscgp Silver now bidding price on Kitco is under $27 a ounce..
Hopefully it will drop back to $12 an ounce and everyone can afford it. You know as good as I do. It’s not worth 35 an ounce.
Thanks for watching and opinion.
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