Silver has had an interesting last two years, with $PSLV being at a low of 4.77 USD (20th march) during the 2020 stock market crash and reaching a high of just over 10 USD in under 5 months on the 7th of August. Silver now sits at 8.73 USD (at the time of writing) after dropping over 3% today.
Across the last few months, silver has lost much of its momentum from retail traders circulating internet forums and micro-blogging sites. However, this doesn’t mean potential investors should ignore the still-significant potential of silver and $PSLV (a closed-end trust investing in silver bars). Many continue to believe that the precious metal is still undervalued.
In the early 18th century, Isaac Newton monetized silver – setting the ratio between gold and silver at 15.5, which held until 1...
