I wrote to Silver last week, and she answered back. I’d like to share our correspondence with you…
Happy anniversary. It was on April 25, 2011 that you hit $49.80 per ounce in the New York spot market.
Today, three years later, you sell for around $20, nearly 60% less.
Is your bear market almost over—or are these low prices here to stay? Your price has lagged gold this year, so your normal volatility is lacking.
How much longer will you be stuck?
Jeff Clark, silver investor
Here’s her polite response ...