Is ($30), I mean $40 the new floor for silver.................

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DoubleEagle59
DoubleEagle59 Posts: 8,433 ✭✭✭✭✭
edited September 7, 2025 2:54AM in Precious Metals

(This week and last, the powers that be seem to be trying to smack silver down, but it's holding very mightily at the $30 level.

Is this a new floor or am I dreaming?)

I have a feeling I may be changing this title quite often..................

"Gold is money, and nothing else" (JP Morgan, 1912)

"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

"I only golf on days that end in 'Y'" (DE59)
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Comments

  • blitzdude
    blitzdude Posts: 7,721 ✭✭✭✭✭
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    The powers that be have been manipulating the price higher. They will let it fall back to the gutter soon enough. To answer your question, No. 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? :sunglasses:

  • Higashiyama
    Higashiyama Posts: 2,324 ✭✭✭✭✭
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    Who exactly are the powers that be and why do they care about the price of silver?

    Higashiyama
  • blitzdude
    blitzdude Posts: 7,721 ✭✭✭✭✭
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    @Higashiyama said:
    Who exactly are the powers that be and why do they care about the price of silver?

    LOL exactly. 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? :sunglasses:

  • Mike59
    Mike59 Posts: 424 ✭✭✭✭
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    @blitzdude said:
    The powers that be have been manipulating the price higher. They will let it fall back to the gutter soon enough. To answer your question, No. THKS!

    Wow dude, who hurt you so much to cause you to be so angry?, mean or both ? Remember when u were young and someone told you that “ if u had nothing nice to say then don’t say anything? That still holds true today. Most of us like both and some cant afford gold but still want to collect.
    Mike

    MIKE B.

  • MsMorrisine
    MsMorrisine Posts: 40,040 ✭✭✭✭✭
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    wasn't silver once 3 and change? floor? see no reason why it would have a hard limit anywhere that's not $0 and I'm not dumping on silver stacking saying that

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • Crusty
    Crusty Posts: 1,143 ✭✭✭✭✭
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    It would not surprise me if silver goes down below $30. I’m actually rooting for it. Heck, I have dreams of $15 silver with low premiums.

  • tincup
    tincup Posts: 5,481 ✭✭✭✭✭
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    " Remember when u were young "

    Made me think of that Pink Floyd song right away!

    Remember when you were young?
    You shone like the sun.
    Shine on, you crazy diamond silver!
    Now there's a look in your eyes
    Like black holes in the sky
    Shine on, you crazy diamond siler! (ok, I took some liberties with it!)_

    ----- kj
  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,216 ✭✭✭✭✭
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    Remember : the powers that be took all the gold and silver and paid you with paper.

  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    Why is Jamie Dimon over in China?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdude
    blitzdude Posts: 7,721 ✭✭✭✭✭
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    @jmski52 said:
    Why is Jamie Dimon over in China?

    He's been there 100's of times. Making $$$$. Same reason why I was there. Everything you read on the internet isn't a conspiracy. 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? :sunglasses:

  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    He's been there 100's of times. Making $$$$. Same reason why I was there.

    You run a big bank? Wowzer!

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdude
    blitzdude Posts: 7,721 ✭✭✭✭✭
    Options

    Never ran a big bank but I certainly made $$$ in China. RGDS!

    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? :sunglasses:

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
    Options

    @Mike59 said:

    @blitzdude said:
    The powers that be have been manipulating the price higher. They will let it fall back to the gutter soon enough. To answer your question, No. THKS!

    Wow dude, who hurt you so much to cause you to be so angry?, mean or both ? Remember when u were young and someone told you that “ if u had nothing nice to say then don’t say anything? That still holds true today. Most of us like both and some cant afford gold but still want to collect.
    Mike

    forgive him, I think he lost a lot in silver.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    @TwoSides2aCoin said:
    Remember : the powers that be took all the gold and silver and paid you with paper.

    Something one should never forget.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • blitzdude
    blitzdude Posts: 7,721 ✭✭✭✭✭
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    @derryb said:

    @Mike59 said:

    @blitzdude said:
    The powers that be have been manipulating the price higher. They will let it fall back to the gutter soon enough. To answer your question, No. THKS!

    Wow dude, who hurt you so much to cause you to be so angry?, mean or both ? Remember when u were young and someone told you that “ if u had nothing nice to say then don’t say anything? That still holds true today. Most of us like both and some cant afford gold but still want to collect.
    Mike

    forgive him, I think he lost a lot in silver.

    Me thinks your thinker is on backwards. RGDS!

    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? :sunglasses:

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    six month trend looks very promising.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • tincup
    tincup Posts: 5,481 ✭✭✭✭✭
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    Well, in regards to the original OP question; the premise does seem to have held up on a couple of downturns and as of this morning... does seem to be headed back up once again. But we all know how volatile and unpredictable silver can be.

    ----- kj
  • tincup
    tincup Posts: 5,481 ✭✭✭✭✭
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    And looks like it is being tested / challenged once again!

    ----- kj
  • Mike59
    Mike59 Posts: 424 ✭✭✭✭
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    I think it will hold this time but the silver lining is just picked up a couple of Engelhard 10 oz bars at a better price than last week.
    Mike

    MIKE B.

  • Goldminers
    Goldminers Posts: 4,414 ✭✭✭✭✭
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    I hope that is not a double top.

    My US Mint Commemorative Medal Set

  • jdimmick
    jdimmick Posts: 9,992 ✭✭✭✭✭
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    I have a couple of customers come in stating they think the floor is 30.00 ???

    I am however starting to have buyers emerge and start buying again, sales were dead for 3 weeks , but past few days, surge of buyers coming into buy, guess they got use to new price> well see how long it lasts.

  • DoubleEagle59
    DoubleEagle59 Posts: 8,433 ✭✭✭✭✭
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    @jdimmick said:
    I have a couple of customers come in stating they think the floor is 30.00 ???

    I am however starting to have buyers emerge and start buying again, sales were dead for 3 weeks , but past few days, surge of buyers coming into buy, guess they got use to new price> well see how long it lasts.

    Perhaps we're getting our information from the same source?

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    It doesn't seem to be the floor today. Metals are being slammed today on not much news.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • DoubleEagle59
    DoubleEagle59 Posts: 8,433 ✭✭✭✭✭
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    Let's see at the end of the day and/or Monday's close.

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
    Options

    Possible buying opportunity, if the premiums don't rise too much.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • psuman08
    psuman08 Posts: 434 ✭✭✭✭
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    There is news - the jobs report, signaling no rate relief from the Fed.

  • DoubleEagle59
    DoubleEagle59 Posts: 8,433 ✭✭✭✭✭
    edited June 7, 2024 11:08AM
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    The jobs report is as phony as Rosie O'Donnell's crush for Tom Cruise.

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • 3stars
    3stars Posts: 2,302 ✭✭✭✭✭
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    Just went into the sub floor

    Previous transactions: Wondercoin, goldman86, dmarks, Type2
  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,216 ✭✭✭✭✭
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    ….when it falls, stack higher.

  • OPA
    OPA Posts: 17,166 ✭✭✭✭✭
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    @Crusty said:
    It would not surprise me if silver goes down below $30. I’m actually rooting for it. Heck, I have dreams of $15 silver with low premiums.

    You got your wish

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Crusty
    Crusty Posts: 1,143 ✭✭✭✭✭
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    @OPA said:

    @Crusty said:
    It would not surprise me if silver goes down below $30. I’m actually rooting for it. Heck, I have dreams of $15 silver with low premiums.

    You got your wish

    I’m not surprised it dropped below $30. I buy regardless of price. A little here and a little there….. It all adds up. The lower it goes the more I can buy.

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    The DXY (dollar index) direction is an important signal for silver price movement. Always an inverse relationship. A strong dollar on the international stage will always keep a lid on silver prices.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • blitzdude
    blitzdude Posts: 7,721 ✭✭✭✭✭
    Options

    @derryb said:
    The DXY (dollar index) direction is an important signal for silver price movement. Always an inverse relationship. A strong dollar on the international stage will always keep a lid on silver prices.

    Wake up, it doesn't matter if the dollar is up down or not around. Gutter prices are always in the gutter. Sure they spike once every decade or so then they go right back to the gutter where they belong. 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? :sunglasses:

  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,216 ✭✭✭✭✭
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    Ceiling. The new ceiling. Gutter is at the ceiling not the floor. Blitzdude, your vocabulary is better than that. Surely you can tell the difference.

  • dcarr
    dcarr Posts: 10,255 ✭✭✭✭✭
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    @blitzdude said:

    @derryb said:
    The DXY (dollar index) direction is an important signal for silver price movement. Always an inverse relationship. A strong dollar on the international stage will always keep a lid on silver prices.

    Wake up, it doesn't matter if the dollar is up down or not around. Gutter prices are always in the gutter. Sure they spike once every decade or so then they go right back to the gutter where they belong. THKS!

    .

    Spare us your life story ;)

    .

    Moonlight Mint
  • blitzdude
    blitzdude Posts: 7,721 ✭✭✭✭✭
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    @dcarr said:

    @blitzdude said:

    @derryb said:
    The DXY (dollar index) direction is an important signal for silver price movement. Always an inverse relationship. A strong dollar on the international stage will always keep a lid on silver prices.

    Wake up, it doesn't matter if the dollar is up down or not around. Gutter prices are always in the gutter. Sure they spike once every decade or so then they go right back to the gutter where they belong. THKS!

    .

    Spare us your life story ;)

    .

    It was your biography I was writing actually. Stack on. lol. 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? :sunglasses:

  • DoubleEagle59
    DoubleEagle59 Posts: 8,433 ✭✭✭✭✭
    Options

    As I posted earlier, let's see how it closes today...............

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • Soldi
    Soldi Posts: 2,177 ✭✭✭✭✭
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    Seeing as I couldn't predict the price anyway. seems like " the bloom is off the rose" Nobody's buying silver, contract are holding the sale price up until it drifts lower and lower, then we settle for 5 years at $13. an ounce.

  • DoubleEagle59
    DoubleEagle59 Posts: 8,433 ✭✭✭✭✭
    Options

    @Soldi said:
    Seeing as I couldn't predict the price anyway. seems like " the bloom is off the rose" Nobody's buying silver, contract are holding the sale price up until it drifts lower and lower, then we settle for 5 years at $13. an ounce.

    You've got to be kidding.

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • Soldi
    Soldi Posts: 2,177 ✭✭✭✭✭
    Options

    What is this kidding? Do I make the joke?

  • DoubleEagle59
    DoubleEagle59 Posts: 8,433 ✭✭✭✭✭
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    I didn't mean to offend you.

    Let's just make a note of June 10th, 2029 and see where silver is at.

    If it's at $15 or lower, I'll send you $100 US.

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • Soldi
    Soldi Posts: 2,177 ✭✭✭✭✭
    Options

    @DoubleEagle59 said:
    I didn't mean to offend you.

    Let's just make a note of June 10th, 2029 and see where silver is at.

    If it's at $15 or lower, I'll send you $100 US.

    You got my address?

  • DoubleEagle59
    DoubleEagle59 Posts: 8,433 ✭✭✭✭✭
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    I'll wait till 2029 to get your address.

    I'll still be here and others will hold me accountable.

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • dcarr
    dcarr Posts: 10,255 ✭✭✭✭✭
    Options

    @blitzdude said:

    @dcarr said:

    @blitzdude said:

    @derryb said:
    The DXY (dollar index) direction is an important signal for silver price movement. Always an inverse relationship. A strong dollar on the international stage will always keep a lid on silver prices.

    Wake up, it doesn't matter if the dollar is up down or not around. Gutter prices are always in the gutter. Sure they spike once every decade or so then they go right back to the gutter where they belong. THKS!

    .

    Spare us your life story ;)

    .

    It was your biography I was writing actually. Stack on. lol. THKS!

    .

    Crawling back to the gutter time and time again is your life story, not mine.

    .

    Moonlight Mint
  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    Nobody's buying silver, contract are holding the sale price up until it drifts lower and lower, then we settle for 5 years at $13. an ounce.

    I don't think silver is going down. My opinion.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • Soldi
    Soldi Posts: 2,177 ✭✭✭✭✭
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    My opinion is that the economy is weaking and Silver will drift lower. It's an industrial metal.

    IMHO
    PS no offense taken and I have quite a bit

  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,216 ✭✭✭✭✭
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    Ten year.
    20-25-30.

    And it's going down. 29....28.....27.
    It always does before it goes up . What's new ?

  • Soldi
    Soldi Posts: 2,177 ✭✭✭✭✭
    edited June 25, 2024 7:52PM
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    $17. Is what I understand to be the cost of harvesting the metal. With industrial demand around the world being high how low could the metal go?

  • handyman
    handyman Posts: 5,702 ✭✭✭✭✭
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    Seems like a strong top not floor

  • DoubleEagle59
    DoubleEagle59 Posts: 8,433 ✭✭✭✭✭
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    @handyman said:
    Seems like a strong top not floor

    Give it time, you may be right, but I think it's a floor.

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)

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