Question by Andrew3534: Will the Silver Price about to Explode and hit $100 an ounce and how much silver will be worth if the dollar collapses?
Best answer: The silver price will explode in the coming years, and if you are not positioned you will lose out big time. The demand for silver is soaring, and China recently announced the legal ownership of silver to its citizens. Countries, industry, and investors are starting to put an increased strain on the already strained silver market.
|SILVER PRICE PER GRAM Source: bullion-rates.com/|
|SILVER PRICE PER OUNCE Source: bullion-rates.com/|
Silver plays the role as not just a monetary metal, but also functions as an industrial metal. Many applications are consuming massive amounts of silver in industry today. Electronics, batteries, water filters, solar panels, medical equipment, and much more are using silver at shocking rates and each application it is used in is not recoverable. All of the silver consumed in industry is thrown away in landfills, not recycled like gold.
Silver price chart 100 Years.
Investor demand is pushing silver higher as inflation rears its head. The dollar is being falsely propped up by our government, and one way they are doing that is by manipulating the price of silver down. Silver stocks, silver bullion, silver coins, and American Silver Eagles will be the best investments in the coming years.
For your own safety and the safety of those around you, spread the word to investors who are seeking shelter for their dollars. Staying in dollars right now will kill your financial dreams. If you are in stocks, bonds, cash value policies, or anything denominated in U.S. dollars, you must get your money into silver and gold.
The silver to gold ratio is historically 15:1, but today that ratio fluctuates between 60 and 70. The silver to gold ratio is how many ounces of silver it takes to buy one ounce of gold. The silver to gold ratio is out of Wack because our government has intervened in the markets and is suppressing the price of silver.
On the COMEX (Commodities Exchange), there are a few banks who are short selling silver, illegally. These banks are way over their position limits is silver, and each time they sell short they are pushing the price of silver down. The physical demand for silver will soon bring an end to the long-time market manipulation in the price of silver, and the silver price will go to the moon.
The banks that are shorting the COMEX silver contracts are shorting massive amounts of silver, and they are way over their contract limits, illegally. When they flood the market with the massive amounts of silver they are being allowed to short sell, the price must go down to find buyers to fill the orders. This is how they have been manipulating the silver market.
These banks continue their illegal activities, even though they are way over their allowable position limits. The manipulation I am talking about will come to an end, investors in silver must be patient though. The COMEX has gotten close to defaulting on physical deliveries, and word of cash settlements and ETF shares instead of physical gold have been surfacing.
The market for silver is miniscule compared to any other market. When investors catch on to the fake stock market rally and start looking for quality, it may be too late. The small size of the silver market will allow for massive profits, but you must be positioned now to take advantage of this bull market. Protect yourself, your family, and your friends by buying silver. You will thank yourself for that. God bless.
Keith Neumeyer’s Bold Vision: Can Silver Really Soar to Triple Digits
The silver market stirred up quite a buzz in 2020, breaking the $20 per ounce barrier for the first time in four years and maintaining that level for an extended period, even peaking at $29.59 in 2021.
Since then, it’s been a rollercoaster ride, with silver repeatedly testing the high $20s, achieving a high of $29.59 and briefly crossing the $26 mark as recently as May this year. Yet, the elusive $30 mark remains unconquered.
Nevertheless, one prominent figure, Keith Neumeyer, CEO of First Majestic Silver (TSX:FR, NYSE:AG), has consistently voiced his belief that silver could ascend to triple digits. This bullish sentiment has been a recurring theme in Neumeyer’s interviews and statements, starting with his $130 price target back in November 2017, and reiterated on multiple occasions in subsequent years.
One of Neumeyer’s core arguments for this optimistic outlook is his comparison of the current market cycle to the early 2000s when the dot-com bubble was in full swing. He anticipates that a market correction, akin to what occurred in 2001 and 2002, will drive a resurgence in commodity prices. Notably, he personally benefited from investing in mining stocks during the 2000s.
Neumeyer’s conviction for triple-digit silver hasn’t waned. He believes in the long-term potential for silver, even though his initial expectations for a rapid price surge have been adjusted. His rationale includes a belief that the silver market is in a deficit, disputing supply-side data that suggests a surplus. He points out that when you subtract net investments in silver exchange-traded products, a deficit becomes apparent.
Neumeyer also underscores the growing demand for silver in various high-tech applications like electric vehicles, solar panels, and electronics. This consumption is outpacing silver production, creating a significant supply-demand imbalance.
In a more controversial stance, Neumeyer suggests that silver may decouple from gold in the future. He sees silver not just as a precious metal but as a strategic resource due to its critical role in everyday technology, such as computers and renewable energy technologies. This perspective challenges the conventional view of silver as an abundant metal.
Neumeyer’s triple-digit silver prediction is a long-term projection. He anticipates gold surpassing $3,000 in the near term but expects silver to reach only $30 in 2023. However, he believes that when the gold/silver ratio becomes highly skewed, silver will take off, possibly catalyzed by events like high-profile endorsements or news of a silver supply deficit.
He also addresses the influence of banks on the silver market, suggesting that they cap prices at around $30 in the paper market. To combat this, he’s taken steps with First Majestic to create its own minting facility, First Mint, to exert more control over the silver supply chain.
In summary, Neumeyer’s prediction of triple-digit silver is grounded in his belief in a forthcoming market correction, increasing demand for silver, and his conviction that silver is an undervalued and strategically important resource. The road to $100 silver may be long and winding, but Neumeyer remains a steadfast advocate for the white metal’s potential.
I also think it’s a good opportunity as the silver price is around 20 Dollar I will buy. the silver price can even go to 100 Dollar within the next 5 years. This is not impossible as we had almost 1000% in 10 years.Trent
Silver will be at 35 in 6 months. Big banks have held it back for their own gain. Get ready for 35 for this metal!Michael
To Michael Silver has seen incredible performance over the last decade or so, but will values continue to increase? Without a time machine it is not possible to predict this and be sure of the accuracy that the prediction has. Many investors have high expectations for this metal though, and expect future prices to dwarf the current prices by a substantial amount.Vaor