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Bitcoin is electronic gold and is going to a bazillion dollars. Looks like an NSA project? Banks could be liquidating to cover silver shorts too.Bitcoin has Serious issues here and now.
How high can it go? 72? 272? Sure looks like we are in bubble mania phase. Fun fact. If you take any of your fingers on either hand and touch the tip of your thumb, that's the number of times silver has gone up 100% and held the gains.
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Is this time different? ...
Wasn't there an issue with nickel last year or so? They resolved that pretty quickly. By law I think they also have the right to settle in dollars if they have to. I imagine if they run out of silver they will just pay off the current contracts with fiat. At that point I would think the physical market will set pricing and contracts will be useless unless you want more fiat.I would argue yes - this is the first time the derivatives market has lost its underlying support structure.
I would argue yes - this is the first time the derivatives market has lost its underlying support structure.
Wasn't there an issue with nickel last year or so? ...
Peter Gregor said:Is Silver the New Nickel and Antimony? – FAQ
Q: Is silver the new nickel and antimony?
A: Almost certainly, yes. Many smart guys on X have already analyzed the reasons in detail, so I won’t repeat them here. The key driver, however, remains the structural deficit of physical silver.
Q: When will this happen?
A: Most likely within weeks to months. While we have a reasonable estimate of the free-floating silver in exchange vaults, the physical inventories held by industrial end-users remain largely unknown.
Q: How high could the price go?
A: This is purely speculative; no model or AI can provide a precise answer. However, historical analogues provide some indicative benchmarks:
$160/oz – Nickel surged ~300% in 3 days.
$200/oz – Antimony ingots surged ~350% in under a year.
$300/oz – Peak Gold-to-Silver Ratio (GSR) reached 14.
$420/oz – Current gold-to-silver mining ratio is 10:1.
$163/oz – Adjusted for M1 money supply growth over the past 50 years.
Q: Could the price drop back below $50/oz?
A: Almost certainly not. After decades of artificial suppression, current price discovery is finalizing, and silver is likely to settle at elevated levels to ensure supply for new production and profitable recycling of used metal.
Q: How can one profit?
A: Keep acquiring any form of silver.
Physical silver remains king, as paper or derivative products carry issuer, exchange, or broker risk.
While silver derivatives are available, they should only be used based on expertise and experience.
In liquid markets, no price arbitrage exists; all products are highly price-sensitive and move in tandem.
A once-in-a-century opportunity is here. Don’t miss it.
#silver #silversqueeze
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