Bayhorse Silver Inc V.BHS

Silver Price Discussion

[HurricaneAmanda]

Here's a piece discussing the current price of silver. It is not written by one of the silver bugs who've been telling us silver prices are about to explode for most of the last decade.
https://www.dailyfx.com/forex/technical/home/analysis/xag-usd/2022/07/21/silver-price-forecast-flagging-at-yearly-lows-levels-for-xag-usd-silver-price-today.html

[atacrawl]

I read a theory recently that made a lot of sense.  The Fed is continuing to be surprisingly hawkish with interest rate hikes despite, for the last few months, the markets expecting a pivot back to QE.  The theory is that the Fed, and by the extension the US gov, is raising rates primarily to lower the prices of commodities in order to hurt the BRICS nations.  These nations are now

[HurricaneAmanda]

To be fair, interest rates have been artificially low for years. A correction was inevitable. Precious metal prices won't necessarily fall due to interest rate hikes. In the 70s, interest rates rose and the price of gold did too; a lot. In the 80s when rates fell again, gold prices tanked again.

[atacrawl]

Silver currently hitting some fresh lows.  Looks like we might possibly be going lower.  I saw one analyst saying that a pullback to $16 or thereabouts could be in the cards.  If we assume that this type of price action will continue the rest of 2022, how are these junior miners going to survive? Especially with capex rising dramatically due to energy price inflation and supply