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$20 Silver?

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  • derrybderryb Posts: 36,941 ✭✭✭✭✭
    edited July 22, 2020 3:42AM

    @blitzdude said:

    @Metalmaus1984 said:
    Hello Folks, New to the silver stacking community. kind of excited watching the price climb for the first time. Been learning from ashland recently. he sent me here. pleased to meet yall

    Welcome to the forum. If you are looking to buy silver hook up with derby if he hasn't already PM'd you. He's got plenty for sale.

    He doesn't sell silver and he does not contact forum members personally to sell them anything. And he certainly does not accuse fellow forumites of being unethical or of taking advantage of their customers.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • ashelandasheland Posts: 23,231 ✭✭✭✭✭

    23.00 right now! >:)

  • MilesWaitsMilesWaits Posts: 5,372 ✭✭✭✭✭

    More uppppppp

    Now riding the swell in PM's and surf.
  • isaiah58isaiah58 Posts: 385 ✭✭✭
    edited July 22, 2020 7:01PM

    The elephant in the room is that the last time gold was this high, silver was well into the upper 30s. Everything is different than we saw historically.

    Physical ownership kind of discourages flipping. If I only wanted to make maximum profit off of the market, I would just buy SLV shares.

    The trading platforms all have restrictions on day trading. A few quick flips (30 days is in play) and they require you have a 10k or higher account plus treat your account like an option trader.

    From what I can see, the main force behind the current price jump is the investment platforms that bailed out during the crash are buying back in to replenish their hedge ratio. Because bonds are low, and the dollar is dropping, PMs are preferred.

    Hopefully silver maintains slow momentum for a few years.

  • Tiggs2012Tiggs2012 Posts: 167 ✭✭✭

    No elephant in the room as the bull market start and end periods differ between gold and silver so loose correlation, better to observe GSR. Prefer pslv to slv personally. The dollar has been taking a beating lately and broke down from an intermediate timeframe wedge. Far more money playing the mining stocks though or leveraging them up through options for ridiculous gains.

  • OPAOPA Posts: 17,124 ✭✭✭✭✭

    Who used to say: "Fresh Meat."
    Welcome.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • 1630Boston1630Boston Posts: 13,786 ✭✭✭✭✭
    edited July 23, 2020 9:59AM

    Welcome @Metalmaus1984 and thanks to @asheland for sending you here :)

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • isaiah58isaiah58 Posts: 385 ✭✭✭

    well, the mining stocks seem to be following silver instead of gold today.

  • BochimanBochiman Posts: 25,405 ✭✭✭✭✭

    @OPA said:
    Who used to say: "Fresh Meat."
    Welcome.

    Russ started that....RIP

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • derrybderryb Posts: 36,941 ✭✭✭✭✭

    @derryb said:
    You heard it here first:

    March 16 was bear market bottom.
    $21 silver before Aug. 15.
    $25 before year end, triple digits before July 15, 2023.
    Why? Money supply growth.

    There's More To Come

    "A pullback can happen at any time, including now, but the fundamentals for further advancement: monetary printing, COTs, and of course faith in central banks are firmly in place."

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • dennis1219dennis1219 Posts: 267 ✭✭✭

    I wondered this morning if silver would hit 25 by weeks end, but sheesh:
    Live Silver Price
    Silver Spot Price Today

    Silver Price per Gram $0.80 £0.62 €0.68

    Silver Price per Kilo $804.00 £623.00 €683.00

    Silver Price per Ounce $25.01 £19.38 €21.24

    27 July 2020, 18:56:33 (GMT-04:00)

    It’s there!

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