Obviously the last time we had an economic shock/deflationary scare and then massive money printing was 2009. Silver tanked during the initial sell everything phase and then started rebounding during the "Great Reflation" until going parabolic and exploding into a supernova chart. I'm not much of a gold/silver bug but I am looking at this analog and will start setting up some longer term trades on the SLV through call spreads that go out 6 months to 1 year. Today we have Bitcoin as an alternative for "sound money" and millennials may purchase that instead of silver to a degree so that's a negative. Also industrial uses are currently taking a hit, but I suspect as part of any economic stimulus and infrastructure spending silver uses will pick up. Much silver mining production is now on hold due to the virus lock downs (more so than other metals) so that helps prices in the short term. Silver is one of those "investments" that has burned a great many people over a long period of time, with only a couple huge upside moves in between. I'm really only expecting another one of those moves for the next year or two and then more than likely silver will go back to being forgotten and tarnished.
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