Currently offer and demand drive the silver priceAround the world, Silver coin (12-13% of total annual demand) makes in different part of the world are pushing demand as consumers are buying for value. There is also a stronger silver industrial demand (54-55% of total annual demand) supported by all type of usage. photovoltaics for solar energy account for a big percentage. This is creating a gap between demand and capacity. Capacity will see a contraction of 5 percent compare to 2015. This will lead to inventory reduction and slowly will be transfer toward higher price.
If you track the gold silver ratio, the trend started to reverse from above 82 down to 73 and we could see lower number faster than what you would think because silver price has been depressed for too long. Ratio could go below 50. We need silver to go just to $23 per oz. Really feasible in 2016.
Get on board now as after the summer it will be price closer to reality which I think should be above $0.60
we will see some irrational here, time to take a small position and hold on your shares. You will enjoy the ride up. All the best.
dyodd