Silver just got a 24 handle. Anyone buying?

HonoluluDude

Finger on the trigger, even though I know this ain't the bottom.

Whatever the bottom is, I don't think physical will be readily available at that price.

oilstates2003

25.01 and dropping like a bad habit...

mrpaseo

Wow, I figured we would see an upward snap before settling lower in the week.

I'm in at $20

Unknown

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VanHalen

The last time I did any "significant" buying was in the $18-$19 range. That was almost 3 years ago. I have bought a bit here and there since then.

If this thing falls under $20, I'll be shocked and I'll also be buying.

jmski52

We haven't seen a drop like this for years. Seems like just yesterday.

mrpaseo

<< <i>We haven't seen a drop like this for years. Seems like just yesterday. >>




...I see what you did there

AnkurJ

Is anyone selling anywhere near melt?

410a

Honest B&M in NJ buying 90 percent at 16 selling at 18/ per dollar.
Beats the heck out of these boards everyone wants 21 to 23.5 per dollar.

VanHalen

<< <i>Honest B&M in NJ buying 90 percent at 16 selling at 18/ per dollar.
Beats the heck out of these boards everyone wants 21 to 23.5 per dollar. >>



Selling at 18X face! Whoa! I haven't seen that for ages!

ARCO

<< <i>The last time I did any "significant" buying was in the $18-$19 range. That was almost 3 years ago. I have bought a bit here and there since then.

If this thing falls under $20, I'll be shocked and I'll also be buying. >>



Same here. I stopped buying silver at $19.00 and gold at $1100.00. Sold silver at $32 and Gold at $1300 (Hey, I didn't have a crystal ball). been waiting patiently for three years for another buy-in opportunity.

I kept 1000 oz silver bought low, so I win whether silver gets crushed (I buy more) or if it skyrockets (I make more). However, the last thing I want to do is spend thousands buying silver high and sitting on it for three decades like the shlepps in 79-80.

Tyler

cohodk

<< <i>We haven't seen a drop like this for years. Seems like just yesterday. >>



You were warned.

miklia

<< <i>

<< <i>The last time I did any "significant" buying was in the $18-$19 range. That was almost 3 years ago. I have bought a bit here and there since then.

If this thing falls under $20, I'll be shocked and I'll also be buying. >>



Same here. I stopped buying silver at $19.00 and gold at $1100.00. Sold silver at $32 and Gold at $1300 (Hey, I didn't have a crystal ball). been waiting patiently for three years for another buy-in opportunity.

I kept 1000 oz silver bought low, so I win whether silver gets crushed (I buy more) or if it skyrockets (I make more). However, the last thing I want to do is spend thousands buying silver high and sitting on it for three decades like the shlepps in 79-80.

Tyler >>



I'm in a similar spot - sold out of everything, but the sub 25 handle this AM got me interested enough to nibble. 50/50 on a sub 20 by the end of the year. then we'll see some real pain/opportunity.

streeter

Ask Mike Haynes...Apmex,

50 buyers/ 1 seller.

One persons margin call is another persons buying opportunity.

miklia

wow, just hit 24.22. brutality!

miklia

and a 23 handle

Unknown

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miklia

23.5 now. if we get another margin dump at the open, some SLV weekly 23 calls will start to look reeeeeeeal attractive.

miklia

ladies and gentlemen, the 22 handle.

carew4me

I have dreamed of buying a Monster box for under $10000 again!

DrBuster

Unfortunately I'm sunsetting a 5.5 year work contract and don't want to wrap up too much of the cash money if I'm not sure what I'll have coming in after June 1. I'll probably do my usual amount another couple times before June but if I knew my jobby job situation I'd be lining up to drain some extra powder.

tneig

Just pulled for 20 maples. Best deal I ever had. Don't care if it goes lower, as it will go the other way.

DennisH

Will physical be available if and when prices drop to our various trigger points?

silverman68

<< <i>Will physical be available if and when prices drop to our various trigger points? >>



NOPE, what is left will have huge premiums. Good point.

mrpaseo

<< <i>Will physical be available if and when prices drop to our various trigger points? >>



Pickings will get scarce for awhile as no one wants to sell at a loss (Dealers current stock).


Once the supply catches up with the lower costs, then we should see more available... Meaning the mines are still mining, they will be forced to sell at the current market to keep mining. Once they sell to the mint at a lower price, the mint will start producing at a lower price again, so they can stay in business. Once they produce at the lower cost, the dealers will get some at the lower cost... The dealers will then be able to sell to us at the lower price.


the down side is, that could take months... if not years.

Edited for clarification.

MacCrimmon

Just unwound ZSL trade at 75.50 ......................... I'm happy ........... for now.

TwoSides2aCoin

Those people who were waiting for the drop hopefully have some dry powder now.