Our economy is so interwoven with the US economy that the only way the CAD tanks (and with tanks I mean absolutely tanks) is when the USD tanks. And the chance for that is pretty low. Even while we have a record deficit, the US even spends more per capita currently.
What will happen is that there will be a strong recovery in 2021 and the silver price will crash again down to pre-pandemic levels. Gold will also suffer, but not to such an extent. This doesn't mean that you shouldn't buy silver at any time. In my opinion just wait until silver is down to under $20 an ounce and then you can buy it. You would get more for your money next summer. Way more.
Our economy is so interwoven with the US economy that the only way the CAD tanks (and with tanks I mean absolutely tanks) is when the USD tanks. And the chance for that is pretty low. Even while we have a record deficit, the US even spends more per capita currently.
What will happen is that there will be a strong recovery in 2021 and the silver price will crash again down to pre-pandemic levels. Gold will also suffer, but not to such an extent. This doesn't mean that you shouldn't buy silver at any time. In my opinion just wait until silver is down to under $20 an ounce and then you can buy it. You would get more for your money next summer. Way more.