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re: Physical silver

Posted on 3/20/14 at 6:33 pm to
Posted by ell_13
Member since Apr 2013
85169 posts
Posted on 3/20/14 at 6:33 pm to
Wow. That low? Even though it's used so much in electronics now?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10233 posts
Posted on 3/20/14 at 7:26 pm to
There would need to be a pretty serious decrease on the demand side. Easing the bond purchase program could stagnate industrial demand I guess. Recently there has been a slight decrease in industrial demand. Less than 2%. Futures contracts have already accounted for this.

Anecdotal evidence only, but usually as the price declines, the premium to take possession goes up. Given that you can now take physical possession for about 4.8% (no more than a dollar)of spot, it appears to me that the demand is weakening.

I'll beleive $15 silver when I see it. If it were to happen, I would be a hoarder of silver.
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