RE: Just to clarify14 Feb 2026 10:29
If I apply a scenario of Silver being like Tungsten, then lets see a 1 year outcome on what might happen to silver and FRES if extrapolated.
China's Tungsten banned exporting in 4th February 2025.
The biggest miner of Tungsten was valued around $10 CNY per SP at that time and now it's valued $52 CNY per SP.
In January 2025, Tungsten per tonne was (approx. $29,000–$30,000 USD).
In February 2026, Tungsten per tonne was (approx. $140,000–$145,000 USD).
Therefore in one year, Tungsten has risen or near or over 4 times (400%) it's pre China export ban price.
Lets assume a 4 times rise (400%) in the price of Silver and FRES SP by next year from supply constraints (China ban):
China's Silver banned exporting in 1st January 2026.
The start of January 2026, Silver was priced at $73.59.
The start of January 2026, FRES was priced at £35.14.
Summary: All things being equal and 365 days later in Jan 2027, then Silver might be price at $368 and FRES SP might be price at £176.
Even with a conservative outcome and the manipulation of suppressing silver prices lower by US and China, then FRES SP at 2 times (200%) might be priced at £106.
FRES SP at £106.00 in 2027 is a nice dream to have.
FYI: In this world, Silver is 17 times more scarce than Tungsten according to the Royal society of Chemisty.