Can anyone briefly explain what drives the price of silver ? Is it just a safe haven, or actual supply and demand of the physical? What would it take for silver to be in the $20-$30 range ?
Hi Bowyer,
Unfortunately(or may fortunately) I don't trade metals but do have a basic understanding of them. I found this article to be pretty informative.....from a source that wants to sell you some silver.
https://www.sbcgold.com/investing-101/10-factors-influence-silver-prices/
This 2nd one gives a prediction based on the factors influencing the price:
https://investinghaven.com/commodities-gold/silver-price-forecast-2019/
Interesting on the price charts below. The farther you go back, the lower the current price looks!
We are going to go to war with Iran this year and if that is correct, then I have projections of $60 silver in 2020. After that peak we go down again into 2022.