I am often asked what my price target is for selling silver, or when should people switch from buyers to sellers. While I believe the answer may be different for every person, I mainly want to emphasize – Not yet! Not by a longshot.
People understandably want a hard dollar figure for the price of silver as their target to sell. Well, the problem is the US “dollar” keeps being devalued and the supply inflated, and the available above-ground silver reserves keeps shrinking. That is the problem you face when you try to measure something with a shrinking yardstick. So instead of thinking about using dollars to measure silver’s worth, let’s think of the price of some other assets when compared to silver.
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