Looks like silver hit a brick wall this morning

pitboss

Dropping like a rock right now.

TheCoinGeezer

<< <i>Dropping like a rock right now. >>


I just checked and it is off 45¢ or about 1.5%.

Peaceman

If you're looking at it every day wondering what it will do you need to sell your position... Look out 2-3 months. Silver has been swinging 2-3 dollars a day sometimes... Had a $ 9.00 drop in two days a week or so back.

TwoSides2aCoin

Coins just got cheaper ?

JamesMurray

<< <i>Coins just got cheaper ? >>



Im not finding that the case , i'm shocked at how darkside silver coinage has rocketed apparantly , i followed a few auctions last night and even commen dates were going well in good grades , im assuming this is flippers hoping to grade/slab them and ask moon money as is happening now.

iceman0xh

The problem is that the demand is still there, I saw no real reason for the silver drop these last few weeks anyway. All the dealers around here are sold out and have back orders with the companies they get it from. With this much demand it should be rising not falling.

Raufus

The lower that it is when the 25th anniv sets come out the better :-)

johnny9434

$25 silver and i might pick some extra up

leothelyon

Had a $ 9.00 drop in two days a week or so back.

Industrial silver! I believe industries get 3 days out of the month to buy at a lower price, is my guess. Read about it somewhere the other day.

TheCoinGeezer

Silver closed at $31.27, off about 2%. I think silver is undervalued, as is platinum but I'm frequently wrong in these matters

BigE

All the traders know that silver is rangebound between 29.50 and 31.50 lately. So they buy and sell at the points and make a quick 2K each time. Makes for choppy prices and hard for steady gains Same with the stock market-----------BigE

tahoe98

...seems like the mint took notice too

Baley

you know what would be nice? if everything traded sideways in price for a while... Gas stayed at 3.50 the gallon, silver 35 the ounce, draped bust quarters for 350 in good to VG, a median house $350k

some predictability in prices for consumables and and values of assets would really help calm everybody down from the alternating mania of bull markets and bummers of bear markets

Bigrig52

I hope both gold and silver hits rock bottom and i mean rock bottom so that everyone takes a lose

leothelyon

<< <i>I hope both gold and silver hits rock bottom and i mean rock bottom so that everyone takes a lose >>



...loss.

epcjimi1

I don't know. I like lose. Rhymes with hose, which is what the Mint is really good at doing to its customers.

Then again, loss rhymes with Hoss and who else but -

leothelyon

<< <i>I don't know. I like lose. Rhymes with hose, which is what the Mint is really good at doing to its customers.

Then again, loss rhymes with Hoss and who else but -

>>



What neck of the woods you from?

thebeav

<< <i>The problem is that the demand is still there, >>



That sure looks like the case.....

Try to buy a bag of 90 or dollars from AMPMEX....They don't have anything......

Greeniejr

Apmex is aggressively buying right now. I sold them a whole bunch of 10 oz EH/JM silver bars at +2 and prospectors at +1.5 which on a wholesale level is insane levels. I covered the position with NTR 10s for quite a nice profit.