Silver climbing like the heat!

joeykoins

Wow, do you believe this surge? Gold as well. More people contributing with bullion because of the at home aspect?

DCW

I'll never understand it.

Rhodium up $500 today!

Jimnight

That's nice!

joeykoins

Can't remember when Silver hit the $21 mark. It's been awhile.

Jimnight

$21.22

ricko

Gold at $18.42 and silver at $21.12.....And this is only Tuesday....Cheers, RickO

Jimnight

I just seen silver at $21.26 up $1.33.

johnny9434

maybe its time to dump some?

joeykoins

@Jimnight said:
I just seen silver at $21.26 up $1.33.

Yep, in seconds! ♥️🔥🔥🔥

joeykoins

@johnny9434 said:
maybe its time to dump some?

Not yet! Wait 1 hour, it might be over $22?

ReadyFireAim

Holy smokes!
And my 2nd thought was derryb

bolivarshagnasty

Nasdaq going vertical, precious metals in high demand, surging US pandemic, National debt balloons to 25.5 trillion.
What could go wrong?

topstuf

@bolivarshagnasty said:
Nasdaq going vertical, precious metals in high demand, surging US pandemic, National debt balloons to 25.5 trillion.
What could go wrong?

Well, for starters..... uh..... nope.... don't need a warning.

roadrunner

Gold to Silver ratio has only recently fallen from the upper 90's to upper 80's. Wait until GSR returns to "normal" long term range of 45-65. It bottomed out in 2011 at 31. LOTs more upside for silver over the next many months/yrs before this run is complete.

roadrunner

Also note that silver has now retraced the Sept 2010 monthly candlestick. And that was a break out....as this current point in time is. It only took silver 3 months in 2010 to get from $20 to $30. The current chart pattern for silver has that same potential. It only took a total of 7 months from that Sept 2010 breakout for silver to get to $50 by spring 2011. Interesting that this is exactly 10 yrs later. And GSR was recently stretched like crazy back when it hit >110 on that March financial panic....multi decades high....if not a 150+ yr high. Extreme highs....are usually followed by deep lows. This doesn't mean that silver will continue to follow the 2010/2011 path from here. But it certainly could with the current set up.

Considering that gold has retraced into the heart of the summer 2011 trading area already....it's quite reasonable that silver could easily follow before summer 2021 into that similar $30-$40 2011 trading range. Nasdaq is going vertical on Artificial Intelligence Technologies. PM's moving on suspect world monetary policies. Foreign currencies broke out against gold long before the USDollar did. But it had to eventually follow. Palladium, Rhodium, and Gold have all surged. Did you think silver was NEVER going to respond in a similar manner?

bsshog40

I remember when silver hit that $50 mark. Sold all the bullion I had. Made a pretty good profit.

Jimnight

$21.42 up $1.49 right now.

It's getting hot!

joeykoins

🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥👍

jt88

Too much free money out there all the money put in 5 big stocks and now to gold and silver.

topstuf

@bsshog40 said:
I remember when silver hit that $50 mark. Sold all the bullion I had. Made a pretty good profit.

I think I remember you. Were you the 25th or 35th person in the line around the shop?

rln_14

22.31 right now

Justacommeman

davewesen

short squeeze in futures, could be over $25 in couple weeks

Jimnight

$23.01 up $1.67 right now.

Timbuk3

Keep um going !!! 👍

thebeav

Silver is now the best-performing asset in the world this year, according to FactSet data compiled by the Wall Street Journal, beating the Nasdaq and 20-year US Treasuries.

Aercus

As someone pointed out above, the Au/Ag ratio was so high for so long, good to see it start to normalize. Also great for any dealers with 90% scrap in stock (not me, unfortunately!). I don't know the market well enough to determine whether it was market fundamentals or something else.

chesterb

The stackers in the room are all thousands of dollars richer on paper because of the climb in PM!! Today is YOUR day!!!

joeykoins

I just dumped a small pile 2 months ago.

tommyrusty7

Whats going on with silver today?

bolivarshagnasty

@tommyrusty7 said:
Whats going on with silver today?

Closed at $22.78.

davewesen

@davewesen said:
short squeeze in futures, could be over $25 in couple weeks

the next 3 days will be interesting as the shorts need to sell or deliver

topstuf

I've said before that silver would easily hit 30.
Coors, that was the day after it hit 50.

Silver knows how to enjoy itself.

joeykoins

Today in Chicago the Temp had hit 107, in the heat indexes! So is SILVER!!! 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥👍

bidask

Yes but what can you get for silver and gold if you want to sell ?

topstuf

@bidask said:
Yes but what can you get for silver and gold if you want to sell ?

Smiles now but tears of regret in a little while.
Haves and have nots will be gold related.
Sorry, but that's what you've let happen.

joeykoins

Chicago's Temps have cooled down. Will Silver ever cool down as well? Right now, ah NO! $25+ as of 6:30 Central Time.

DNADave

I normally check spot about once a week. Seems like I’m checking two or three times a day now.

joeykoins

As of 8:00pm Central T. Silver is 30c away from $26!

Pedzola

@topstuf said:

@bidask said:
Yes but what can you get for silver and gold if you want to sell ?

Smiles now but tears of regret in a little while.
Haves and have nots will be gold related.
Sorry, but that's what you've let happen.

Can anybody translate this?

For real though, what would a dealer be offering right now? Seems like high prices and lots of sellers = lower buy prices?

joeykoins

9c AWAY from $26!

joeykoins

Bingo! $26 and rising...

WQuarterFreddie

Something just happened! Gold and Silver lost all their gains...did a big investor just sell and take profits?

CoinJunkie

@PCGSFreddie said:
Something just happened! Gold and Silver lost all their gains...did a big investor just sell and take profits?

Easy come, easy go.

roadrunner

Every wave 3 has it's inner waves ii and iv. That's what happened. See how they did that back on March 9th to get out all the weak hands out of gold and silver. Worked like a charm. Must get the weaker hands out again to make another push higher. Recall the washout the Nasdaq (and SM) had back in 1997-1998. Looked to be all over. It wasn't. Didn't peak for over another year. Much the same the Nasdaq was crushed this past March. It was far from over.

Jimnight

@joeykoins said:
Bingo! $26 and rising...

I love it.

WQuarterFreddie

@roadrunner said:
Every wave 3 has it's inner waves ii and iv. That's what happened. See how they did that back on March 9th to get out all the weak hands out of gold and silver. Worked like a charm. Must get the weaker hands out again to make another push higher. Recall the washout the Nasdaq (and SM) had back in 1997-1998. Looked to be all over. It wasn't. Didn't peak for over another year. Much the same the Nasdaq was crushed this past March. It was far from over.

Thank you sir! So is this what they call consolidation for the next move higher and thus a positive not a negative? The proverbial breather?

Treashunt

Silver $24.28/oz 1.50

Yesterday's close.

Now, if only the Hunt brothers were still around

Mdcoincollector2003

Looks like the heatwave is cooling off. Silver 23.52 down 4.52%

roadrunner

Silver ($22) and gold ($1500) could pull back to those numbers on typical wave iv's. And silver's quick drop to $22 today could have already been than first dip. Regardless, silver will probably still make its way to $30+ by end of the year.....enduring 2 more sharp dips and 2 sharp rises along the way to complete 5 waves. I like the notion of gold putting in a modest $2000 "breakout" to draw in a lot of sheeple....much the way it did back in March 2008 at $1033. Then shear them on a wave ii or iv dip. At least silver has a former chart up to $50 to work from. Not so for gold above $1923. Gold's 45th Angel ($2025) is a reasonable target. Still, cannot take off the table that gold just keeps running higher and leaves all the dip buyers behind. That seems less likely to me.

Hunt Brothers bought mainly paper silver (futures contract) during the 1970's. They realized in Spring 1979 that they were way overexposed to paper markets that the "boyz" could manipulate against them. They started swapping contracts for physical bullion, which really ignited the silver market through 1979. Alas, they were too late and held way too many paper contacts which they couldn't get delivery on when the SEC & Co. decided to change exchange rules to hinder the Hunts. And down they went. If you chart gold and silver in the 1970's, it was gold that was the better performer from 1970-spring 1979. Silver was very late in becoming the obvious leader.

metalmeister

Free spending lawmakers no doubt adding fuel to the fire.