Here's Why We're Bullish on Silver                       Ronald Reagan Rounds

Historical precedent coupled with current silver fundamentals point to the likelihood of an explosive super spike in the silver price and a high price plateau beyond that. In the last super spike in 1979, silver went from $6 per ounce, to over $49 just 12 months later. In other words, that's an incredible 700% upsurge over the course of a single year! Today, the industrial demand of silver will continually increase along with its investment benefits. These factors will cause the price of silver per ounce to reach new highs, or possibly another huge spike similar to 1980. Let's look at additional factors why we're bullish on silver:
Unlike other metals, silver is consumed in very small increments, making recycling very difficult. In other words, once silver is used, it is usually gone forever practically speaking.
At the same time, silver is generally an incidental cost in the products that use it such that a dramatic increase in the price will not necessarily cause substitution. A hint of shortages could cause industry users suddenly to hoard the metal and drain remaining available inventories.

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