Why Are Silver Prices So Low?

Unemployment is down. The US dollar has strengthened.

Buy LOW, Sell HIGH

Looks like I have to sit on my silver for a while before I can sell. Would take too much of a loss selling now considering I paid more than what the current spot is.

So when should I buy my silver?

It looks like it was steadily around $5 an oz not terribly long ago; will this come around again, or is it wishful thinking? Is $15 or so an oz the new low?

Thanks. I'm new here.

Probably a combination. Someone dumped 450 million worth of silver with the push of a button last week. Interest rates creeping up, albeit not enough to make a difference. Physical demand falling apart because of little price action, kind of like, well if the price isn't really going up or down why do I need to buy now, seeming like a poor investment. I agree, possible over supply, physical investors were soaking up nearly 1/3 of production for a few years in a row.

Well, stocks are also up. When stocks go down, then silver goes up.

interesting thread, I have just become
interested in silver prices after discovering
i have 4 silver coins in my collection for over
30 years and didnt know they were silver

I still have my roll of 2003 Eagles I paid $5 apiece for. I was a poor student at the time but I knew the price of silver was ridiculously low.

According to the Silver Institute 1007 million ounces of silver was produced in 2016. 1027 million ounces were consumed in that same year. of course some of the "consumption" was to produce jewelry, coins and silver bullion. This silver that can be redeemed from jewelry, coins and bullion is weird in that when silver is consumed to produce these items, the items themselves can also be used to "produce" more silver. Changes in the value of silver also influence how likely this secondary supply of silver enters the market as a sort of silver production.



http://www.silverinstitute.org/site/supply-demand/