Anyone want to guess what would be AG's share price when silver price drops to $20?
last time when silve was at $20, AG was only ~ $5. Don't getme wrong, I am long on AG, I just want to be prepared for the worst to come. I belive that AG is one of best silver company. but no matter how good comapnay is, it's stock price will go down as silver price goes down. it is out of their control. Like I said before, silver price is the skin, AG is the hair on the skin. Hair can not be shiny when the skin is not healthy.
at that time AG was also a smaller company with less assets and more debt etc. Its been a while since and AG is now a bigger company in a better financial state. It wont go back to $5 even at $20 silver. The kind of silver price decline youre talking about, to get silver to $20, is a ridiculously long ways ahead even with the usual price manipulation and short sellers.