I consider silver the meme commodity. As such, I assumed that silver would bottom last, after gold (as these are not very informed investors). However, most meme stocks peaked in the first half of 2021, well before the broader market. So I guess silver can bottom before gold as well.
Gary October 25, 2022
For me it is an indicator. It’s characteristics vs. gold’s characteristics. I have never been and never will be any kind of silver bull. But at some point it’s likely to make a real run and I’d want to be part of that. But this mythical importance the pumpers put on silver is ridiculous. And it’s discount to gold that the pumps tout as a reason to buy is there for a reason. Silver is often a by-product of mining other metals and itself a part industrial metal.
I consider silver the meme commodity. As such, I assumed that silver would bottom last, after gold (as these are not very informed investors). However, most meme stocks peaked in the first half of 2021, well before the broader market. So I guess silver can bottom before gold as well.
For me it is an indicator. It’s characteristics vs. gold’s characteristics. I have never been and never will be any kind of silver bull. But at some point it’s likely to make a real run and I’d want to be part of that. But this mythical importance the pumpers put on silver is ridiculous. And it’s discount to gold that the pumps tout as a reason to buy is there for a reason. Silver is often a by-product of mining other metals and itself a part industrial metal.