Silver: The Ultimate Bottom
The comments below are an edited and abridged synopsis of an article by Victor Dergunov
Silver prices have fallen by almost 20% and entered bear market territory over the past 3 months. Despite the abysmal price action, the fundamental image surrounding silver appears quite strong. There is ample inflation, because the US economy is expanding at its fastest pace in years, and silver demand is outpacing supply. In the past, an unprecedented gold-to-silver ratio served as a trustworthy precursor to significant silver rallies and currently, the gold-to-silver ratio is at an extreme level. So it appears that silver could be building a sustainable bottom here, and is likely to go substantially higher over the next several years.
