New to Nutbox?

Ticking up

1 comment

brian.rrr
79
10 months agoSteemit

Hi friends,

After trading in the $23s for the last coupe of weeks, we finally saw silver tick up to the $24s:

9E4CD5DA-30B2-4FB3-A6CA-04C2B405C47F.jpeg

Bullish on silver for sure. With mining costs increasing significantly due to high labor, insurance and fuel costs, the base price of metals should be increasing as well. An inflation hedge is partly a reason to hold silver.

Of course, silver is often a byproduct of mining for gold, so the flip side is that high gold prices will increase mining, which will increase silver production as well, thereby putting supply pressure on the market. Overall though, both are heading higher, in my opinion.

Thanks for coming by,
Brian

Comments

Sort byBest