Loading ...Silver is not allowed to go too far away from the cost of production (currently calculated at ~$26 – probably higher) … just enough to keep producers in business (and making their debt payments), but not too expensive for the military / industrial complex.
Guess SSR needs silver a lot higher prices … no? A lot of companies do with all-in costs exploding higher. Prices are actually stupid low.
Expect a move towards $4o very soon. – possibly higher well into the $40’s.
Don’t know how long it will stay there because rising commodities should crash stocks into the summer/fall – draining liquidity – not to mention the conniption bullion banks / shorts will be having (and dealing with).
Probably come back down and test the breakout at $33 – 35 into summer / fall.
Cheers