Loading ...Demand in China for silver is off the charts eh? Or are they hoarding? Either way, they control something like 70% of the market and squeezing the west, especially the US probably seems like a good idea. I’m sure Russia isn’t crying about higher plat and pall prices either.
The banksters and the environmental whackos have squeezed us out of the mining industry, the banks preventing profitable silver mining and the whackos preventing mining altogether.
Since silver is in a deficit of 20% per year for the last five years, we have the perfect storm. That’s why this time is different and charts and seasonality doesn’t matter. It stops rising when price and demand hit some sort of equilibrium. Apparently, we’re not there yet.
In the meantime, the banksters will continue to screw with gold until monetary events no longer allow it.