Silver Stubornly Stays Above $50

Whats not often mentioned is that even in the supposed "dips" lately silver is staying about $50, or now above $51. So even after a supposed "crash" the white metal is still keeping most of its value and leaves some pretty good bargains out there.

So whats this telling us ?

I think it indicates a strong Industrial demand and consumer interest that just wont Lag. The trading world see's the importance of the metal in future technology. The American Govt. see's it as a critical metal. While theres still much left to be mined its not easy to get to and remains mostly a by product of other mining.

And production is slowing in many country's despite the prices and $50+ silver is not much of a dip nor would I call it cheap as we wait for the next rocket. Who knows how high that will go ? $60 silver by the end of the year is possible. The GSR is now at 78, down from a high of 105 last April. Thats quite a plummet.

America's Military/Industrial/Complex uses a huge chunk of silver and our military production is matched by the combined rest of the world. Nothing moves energy, stores energy, creates energy like silver does and so far nothing is as good at a better price. I think its this Industrial demand thats propping the price above $50 come what may.

Much depends on the future of EV's. If EV's can be launched with success using the new solid state battery tech, at affordable prices, then $50 silver will be remembered as cheap. So far this has been unproven and there are other Bear'ish concerns. It will be a wild ride but I'm still Bullish on the metal.