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Silver is in an interesting spot. COMEX changed the rules on how its traded last week after a bull run resulting in the price north of $80/oz, then supposedly received a 17B bail out over the weekend. As stated, bailouts of finite physical commodities with fiat currency is not sustainable.
throughout history, minerals were incredibly cheap before industrial uses were determined. What was the value of palladium and platinum before industrial uses were devised? Silver is going into all tech industries; battery, military electronic application, data center, etc. I would not be surprised if the metal reaches $1,000/oz.
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