Silver price long term
Price zones
Silver has lost over 60% of its value since 2011 and appears to be priced below the cost of extraction, slowing economy resulting in copper and zinc mines closing is a bullish sign for silver but before price catches economic reality silver is going down first.
Silver is costly to dig out of the ground. While many of us agree that cost of mining is around $10.00 per ounce. The actual cash expenses of silver mining have to take into account the reality that silver mining is now not worthwhile at a price underneath $20 per ounce. Silver is a commodity that is deeply oversold from a technical standpoint with mining stocks in the zone buying and selling like penny stocks. Just take a seem at the weekly chart of Nevada Gold (NYSEMKT:ANV), which is commonly a silver mining employer -- the inventory is trading for simply 33% of book price and for simply $1 per share. yet silver has a long wat down first.
Price zones
Silver has lost over 60% of its value since 2011 and appears to be priced below the cost of extraction, slowing economy resulting in copper and zinc mines closing is a bullish sign for silver but before price catches economic reality silver is going down first.
Silver is costly to dig out of the ground. While many of us agree that cost of mining is around $10.00 per ounce. The actual cash expenses of silver mining have to take into account the reality that silver mining is now not worthwhile at a price underneath $20 per ounce. Silver is a commodity that is deeply oversold from a technical standpoint with mining stocks in the zone buying and selling like penny stocks. Just take a seem at the weekly chart of Nevada Gold (NYSEMKT:ANV), which is commonly a silver mining employer -- the inventory is trading for simply 33% of book price and for simply $1 per share. yet silver has a long wat down first.