Silver futures are down -2.3 per cent today, and look poised to settle at 9 month lows of around $27 an ounce.
Just two years ago, prices were trading in the high $40s.
StockTwit’s Peter Brandt recently posted a note from research outfit Factor that offers a good explanation.
Factor highlights four myths Silver bulls keep deluding themselves into thinking:
- Silver is just like gold in its inherent, store value.
- There is an exact relationship between the price of gold and the price of silver.
- Paper silver contracts don’t represent the REAL silver..
- There is an imminent silver shortage.
They goes on to thoroughly debunk each. We’ve reposted the paper in which they do so below.
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