Silver Dropped to Under $100 - Will it continue?
Goob
Posts: 137 ✭✭✭
I recently checked the price of silver and It has officially dropped down to under $100 per ounce. Do you guys think this trend will continue or will silver rise back up? (Gold is also dropping and is close to being under $5000!)
"Another day, another Collectors Universe forum scrolling session."
- Someone, probably
Tagged:
0
Comments
yes
I think next week will be telling. Either it climbs back or turns down for a while.
Pretty fair point
I will say though, I have been keeping an eye on silver throughout the day and it is definitely going down a lot. Current price is $94.44, which is far less than I've seen earlier this week!
"Another day, another Collectors Universe forum scrolling session."
- Someone, probably
yes
Under $90 now...
"Another day, another Collectors Universe forum scrolling session."
- Someone, probably
I'm very excited. I hope I don't get too many ebay returns. Lol
All comments reflect the opinion of the author, even when irrefutably accurate.
True that lol
I'm mainly excited because I'll be able to afford more stuff now...
If gold goes down enough I might consider purchasing my first US gold coin, probably a quarter eagle
EDIT: I just checked, gold JUST dropped below 5000, and is around 4.8k
"Another day, another Collectors Universe forum scrolling session."
- Someone, probably
Below 80!!! Faster move than I expected
All comments reflect the opinion of the author, even when irrefutably accurate.
That makes me wonder if it'll go back to the $30 to $35 area... Either way, I'm pleased!
"Another day, another Collectors Universe forum scrolling session."
- Someone, probably
back up over $80
The unwinding has begun. That dead cat will hit solid rock. There will be no bounce.🙀😿
yes. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
keep saving your money. it's going down a lot more from here
doubtful
COPPER is gutter !
New all time high before the 4th of July.
I don't think that this is the kind of market that will be kind to traders.
I knew it would happen.
That is certainly a possibility!
"Another day, another Collectors Universe forum scrolling session."
- Someone, probably
I do not see a bounce.
The good news for retailers if they can get through this mess is the margins will creep up.
That’s the corn is knee high by 4th of July
"But the gains have taken on a more frenzied pace in recent weeks, driven by a wave of buying from Chinese speculators — from individual investors to large equity funds venturing into commodities — that has lifted metals from copper to silver to fresh records. As prices surged, trend-following commodity trading advisors piled in, adding more froth to the rally.
“We had identified about three or four weeks ago that it turned into a momentum trade, not a fundamental trade,” said Jay Hatfield, chief investment officer at hedge fund Infrastructure Capital Advisors. “We were just riding it, waiting for this type of thing to happen.”
bottom at $75?
When gold and silver move together, it signals the coming end of fiat money.
it hit 74 even on friday
close enough.
When gold and silver move together, it signals the coming end of fiat money.
Testing 75 again right now. If 75 fails, the bottom is more likely 50.
All comments reflect the opinion of the author, even when irrefutably accurate.
Even though the future spot price is $75, dealers are selling 1 ounce for $88.
The lowest cost uncirculated silver eagle at the US Mint is $169 and proofs are $173.
How many do you think they will sell? LOL
My US Mint Commemorative Medal Set
I would hazard a guess they really don't care. Not as much as a for profit business in the private sector world would. They can sit on them indefinitely.
Dropped to just over $72 earlier today, supposedly; back up to over $80, though
"Another day, another Collectors Universe forum scrolling session."
- Someone, probably
Silver @ $83.03 and it is in backwardation. Futures = $82.60
I knew it would happen.
Now it has flipflopped to contango with Silver @ $82.37 vs. futures @ $82.64
I knew it would happen.
I expect wild ups and downs for the next year and a half. Last week was just a taste of what’s to come.
You heard it here first….
Why? Those who missed buying at $15 are the same who missed $20, and $25 and $30 and so on and so forth. Keep saving your money as it evaporates, you mean ?
``https://ebay.us/m/KxolR5
Bullion rarities in the making
``https://ebay.us/m/KxolR5
There's not a lot of point in jumping in at 80 if it's going to 50. That won't make up for not buying at 20.
All comments reflect the opinion of the author, even when irrefutably accurate.
Is this not the CONSOLIDATION that everyone said was needed in order to plateau higher in 2026?
Loves me some shiny!
“Often wrong, but never in doubt.”
Nah I would think that a consolidation needs to be measured in weeks or months of stability.
COPPER is gutter !
I doubt this makes the market stronger or more solid. It has created much uncertainty.
When gold and silver move together, it signals the coming end of fiat money.
For those with that mindset, I highly advise staying out of the field altogether.
``https://ebay.us/m/KxolR5
For anyone who wants to buy it while believing it's dropping, I recommend medical intervention.
All comments reflect the opinion of the author, even when irrefutably accurate.
Yes medical intervention may help intercede for those with such thinking.
``https://ebay.us/m/KxolR5
The lowest cost uncirculated silver eagle at the US Mint is $169 and proofs are $173.
How many do you think they will sell? LOL
I'm not so sure that the Mint wants to sell silver coins now.
I doubt this makes the market stronger or more solid. It has created much uncertainty.
That might be the point.
There's not a lot of point in jumping in at 80 if it's going to 50. That won't make up for not buying at 20.
The problem with some of the posters here is that they are convinced that "jumping" in and out of the market has some advantage over dollar cost averaging. Nobody is right every time.
I knew it would happen.
Can you buy those direct from the Mint ? I thought you had to get them from the distributors.
I agree with your point about the cost. For a plain silver coin, 2x the price of silver is nuts. I do think the Proof is a better bargain, for whatever that is worth.
Can you buy those direct from the Mint ? I thought you had to get them from the distributors."
"Collector Bullion" is sold directly from the Mint at an obscene premium. Regular bullion is sold via distributors.
I knew it would happen.
Mint pricing is based on a matrix that is based on spot. Repricing does not take place daily and the prices you quote will drop accordingly when the next repricing takes place.
When gold and silver move together, it signals the coming end of fiat money.
And it will be a substantial drop in price.
The parabolic rocket ride straight up was neither and indication of strength or evidence of a solid foundation.
Loves me some shiny!
“Often wrong, but never in doubt.”
I think what we’ve witnessed over the last couple of months is going to dissuade the average stacker from jumping in over the short term while wild fluctuations occur. Beyond that, what are refiners thinking if they purchased substantial silver when it was over $80. How about the businesses that sold to refineries when the price was $110 and at that point the refinery would only pay the price in place when they actually process the metal.
FWIW, JP Morgan -- or rather, analysts who WORK at JPM
-- are bullish on gold and looking for $6,300. Less bullish on silver but they see support in the $75-$80 range.
Doesn't sound to me like they're manipulating prices.
Refiners were paying less than spot silver for months.....so they are well-protected even if they didn't hedge.
75-80 sounds like plausible consolidation level IMO...
COPPER is gutter !
