Jumping on the silver bandwagon ? Silver is going through the roof, but how long will the boom last ?

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Jumping on the silver bandwagon ? Silver is going through the roof, but how long will the boom last ?


Those who are old enough still remember the silver speculation of the Hunt brothers. At that time silver went from 200 to 800 German Marks per kilo, upwards. Then the speculation burst and silver was back where it was before.


Currently silver is undervalued, or it is speculated against silver. From hedge funds, but also from banks !
Now small investors have discovered silver as an investment case and the price is rising. Today or the last days by 20%. That is moderate,


The big question now is, how far can silver rise and what happens when the bubble bursts? Well, silver, unlike "gamestop", has a real basis. Silver is consumed industrially and unlike stocks, it can't fall to zero.


Now, if silver were to rise anywhere near what gamestop did, the kg price would rise from just under $1000 to a staggering $100,000. However, this is rather unlikely, as this would not only cause some hedge funds to falter. But, the price could increase fivefold. Who has a few bucks left, can also now (1. Feb.2021) still enter.

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AW: Jumping on the silver bandwagon ? Silver is going through the roof, but how long will the boom last ?

The silver market is not the same as trading a single stock ( (gamestop) . It is disproportionately larger and is dominated by other criteria. However, only about 10% of the traded silver is physical. This could become a problem. It is similar with gold. The amount of gold certificates and similar papers floating around is quite alarming. But as long as people don't exchange their papers for real precious metals, it seems to work.

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AW: Jumping on the silver bandwagon ? Silver is going through the roof, but how long will the boom last ?

Over the years, the price of silver has risen continuously. Also the gold price goes permanently upwards. Who bought shares in the meantime, could earn good money. .But also suffer total losses - as with the DAX company wirecard.
The advantage of precious metals is that the value is real. Gold or silver coins can be stored or hidden in the house or in the garden. If they were not stolen, the value can never become zero. If you want to invest money at the moment you can buy farmland. That should never fall to zero in value either.
Cryptocurrencies, on the other hand, are pure fantasy. That is something for speculators.


Translated with DeepL/Translator