Home Precious Metals

Silver added to US Dept of Interior Critical Minerals Draft List

Comments

  • derrybderryb Posts: 37,705 ✭✭✭✭✭

    $144 silver?

    "Critical status brings policy tools that can directly impact demand."

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • Coins3675Coins3675 Posts: 501 ✭✭✭

    I think silver is a better investment than gold (percentage wise...)

  • psuman08psuman08 Posts: 387 ✭✭✭✭

    @derryb said:
    $144 silver?

    "Critical status brings policy tools that can directly impact demand."

    I think that silver will go up, but $144, no way. This article compares silver to moves in Lithium and Uranium which are truly rare materials. At say $70 silver will be fully available to industry as we would all turn in our silver bars, coins and tea sets. It would seem to be a bullish signal, but it is ridiculous to suggest $144 silver and $9 copper.

  • RedneckHBRedneckHB Posts: 19,711 ✭✭✭✭✭

    @psuman08 said:
    it is ridiculous to suggest $144 silver and $9 copper.

    Not ridiculous when compared to folk paying $100k for something no one has ever seen.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • RobMRobM Posts: 575 ✭✭✭
    edited August 28, 2025 3:33PM

    One thing that will continue to keep silver prices in check is that there are probably 2 or 3 years (or more) worth of worldwide silver production in investors' possession. The only reason the US is now adding some of these somewhat common minerals to the list is because it has realized that tariffs and trade wars may dictate threat of force to ensure supply at some point.

  • DoubleEagle59DoubleEagle59 Posts: 8,381 ✭✭✭✭✭

    $144 silver sounds very reasonable to me.

    Granted, on its way there, plenty of retail customers will be selling at $50, $60, $70 and on up, resulting in many temporary drops in the price.

    Fact is, hardly anyone from the private sector is buying gold, silver or platinum these days.

    My family and friends don't have a clue about what's going on in the PM sector. (one person does, in about a total of 45 people).

    When was the last time you heard anything on the news about this?

    Only the 'smart' people are buying......industries, central bankers and the wealthy. (people in the know).

    We common folk are the last ones to get the real information about things.

    I'm thinking within 5 years from now, we'll see a minimum of $250 silver and let's be clear about this.....it's not silver appreciating against the dollar, rather it's the dollar depreciating against silver (and gold).

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • jmski52jmski52 Posts: 23,287 ✭✭✭✭✭
    edited August 31, 2025 4:33AM

    $144 silver sounds very reasonable to me.

    Granted, on its way there, plenty of retail customers will be selling at $50, $60, $70 and on up, resulting in many temporary drops in the price.

    Silver is a mining by-product that has been in a structural supply shortage for 5 years and the supply of scrap is pretty much gone. Small retail players who are happy with a 20% or 40% profit in the near term will wonder where their heads were at when silver reaches $100.

    Expect volatility, but remember who the big players are that are buying - China, India, Russia, Saudi, and now the US considers silver to be strategic.

    Who else is buying that we don't really know about - sovereign wealth funds, Bershire, JPM, Blackrock...............who else?

    I remember listening to a hotshot 22-year old who was trying to impress a cute little 17-year old "hottie" at a swimming pool about 30 years ago. What I heard him telling her still makes me laugh..........his come-on was........."back when I was rich".......blah, blah, blah. Still makes me laugh.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
Sign In or Register to comment.