Why has silver price not yet spiked from demand, but copper has?

Silver production was slightly down in 2019 and 2020, wonder if it”s back up this year with prices above $25/oz.
 
Those 'experts' on TV say buy now.....I would think since they have been crying buy buy for YEARS, all the silver would be gone by none :)
 
well, maybe not "buy now", but buy-when-you-can....sort of like .22LR.
i have not been disappointed about buying silver with Stimulus money.
 
A year or so back it was averaging about $12.00 to $12.50 per ounce for silver production … add in the middleman handling and profit and $17.00 to $17.50 (spot was around $15.00) was my top buy point. Then C-19 hit and threw in its twists and turns on the price that are pretty much intangible and I wasn’t buying in on … real costs kinda sorta buffers from huge loss. With the political swing to the left I can see the fuel cost increase pushing mining costs up and possible loss of mining land I can see an increase in production costs … and that holds true for about any mined metal or mineral … so my buy point will shift up but I’m still not at the $31.50 to $32.00 (spot today is around $27.00) the cost of production to the selling price has grown and to me that means risk of the price drop percentage is greater thus not worth it right now. I may be wrong and it might jump to $50 per ounce in the future but I’m am not paying $5 give or take over spot …
 
NCFubar said:
A year or so back it was averaging about $12.00 to $12.50 per ounce for silver production … add in the middleman handling and profit and $17.00 to $17.50 (spot was around $15.00) was my top buy point. Then C-19 hit and threw in its twists and turns on the price that are pretty much intangible and I wasn’t buying in on … real costs kinda sorta buffers from huge loss. With the political swing to the left I can see the fuel cost increase pushing mining costs up and possible loss of mining land I can see an increase in production costs … and that holds true for about any mined metal or mineral … so my buy point will shift up but I’m still not at the $31.50 to $32.00 (spot today is around $27.00) the cost of production to the selling price has grown and to me that means risk of the price drop percentage is greater thus not worth it right now. I may be wrong and it might jump to $50 per ounce in the future but I’m am not paying $5 give or take over spot …
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where are you buying at spot?
 
smithnwesley said:
where are you buying at spot?
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I have not from dealers … I just said I was not paying $5 over spot which is about 20% premium at today’s approximate $27 spot price. My max over spot is at most 10% premium … and up until C-19 I’ve caught as low as 5%.
 
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