I stumbled across this article: The Last Great Silver Buy.
According to Theodore Butler, JP Morgan had the Perfect Trade in silver, by accumulating 675 million oz since 2011, while the price has been falling.
How did they do that?
By shorting the silver market, while accumulating silver over time.
The also used the silver ETFs (SLV) to get more physicals.
I suppose this is market manipulation and illegal, but as we know the Banksters rarely get caught and just double down when pressured.
J.P. Morgan has a profit incentive, so this could all be very bullish for silver if they want to drive up the price.
I usually do not believe in experts, because they are conform and lack soul in the game, but Clif High seems crazy enough that I’ll take him at least a little seriously.
His prediction? $1000 silver oz.
Data Miner Clif High on $1000.00 Silver, $10,000 Gold, Cryptos & More
At least the rise and rise in demand from the high tech industry, will certainly be bullish for silver. JP Morgan could be up to something too. Also, if the Governments are going to restore the faith in fiat again, they might want to consider precious metals again (gold mostly).
Personally, I do believe that silver is one of the best risk-reward investments right now.
I just cannot decide if I think the silver in the Steem rounds well be worth more or less than 1 Steem by the end of 2018.
Disclaimer: This is not trading advice. Do your own research.