Silver, hit $20!!!!!!
joeykoins
Posts: 17,638 ✭✭✭✭✭
Wow, 
What is this world coming to?
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.2
Comments
The combination of more fiscal spending and less monetary tightening should mean pain for the dollar (i.e. lower).
A falling dollar should resume the bull market in commodity prices ....
Yeah. It's like it's June again
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I wouldn't get too overly excited.
yet.
I knew it would happen.
I know, it's just the first rise in weeks.
Or months?
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.Let me know when it hits $ 40.
Then, I'll sell.
Chris
And I’ll break even.
I’m just glad I finally got one of those awesome asahi reverse proof Buffalo one ounce silver rounds. I saw one in hand and fell in love but just couldn’t handle the $15-20 premium over spot, although they are amazing ( to me) I resigned myself to not owning one. Low and behold , I found a sweet example for the price I could live with. 😉🙀🦫
🎶 shout shout, let it all out 🎶
Silver could hit $25 to $30 and the price not rise from where it is here. At some point, the premium will shrink. ASEs have been selling at $10 over for 2 years and bars at $3 to $5 over.
All comments reflect the opinion of the author, even when irrefutably accurate.
If the proverbial economic feces hits the rotary air mover, we could easily see $40 silver. And I have no doubt it will happen. That being said, I have no idea when it will happen, and the accompanying economic woes will not be pleasant. Cheers, RickO
Honey!.....Where's my magic 8-ball?
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I do realize, this is and always will be a crap shoot. I just don't understand why silver/gold, esp silver is so, so low?
It should be near $25-$30, no?
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line." Ask again later"......
No.
Where was it in February 2019?
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From what I understand, and I am no expert, the rest of the world is fleeing their local currencies and buying dollars. This makes the dollar stronger. When the dollar grows in relative strength, precious metals decline.
No...
The dollar strength has been amazing in the last couple of months. Oddly, it seems that the average person on the street thinks the dollar is in decline.
It makes you wonder what inflation looks like in Europe.
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Apparently, the correct answer at the time would have been "yes".
NOTE: Older thread alert.
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That is neither correct nor logical. Silver should not have been $30 in 2022 just because it is $40 in 2025. That's like saying that the Dow should have been 40,000 in 2000 just because it got there 20 years later. The market is the market.
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$55/oz by this time next year
$100 in three years. @dcarr can resurrect again to prove me right.
Or not.
I think silver is a bargain right now. I sold off all that I had to fund a coin purchase.
I hope the person who bought it does well.
Student of numismatics and collector of Morgan dollars
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The question was whether or not silver was undervalued at the time. Based on the increase in price since then, and the relatively high premiums at the time, it appears that the answer was "yes", silver was undervalued at $20 in 2022.
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The price of silver has been on the edge of reformatting since 1969. There have always been a lot of good reasons (and bad) that it did not. All those reasons are evaporating. We live in a world where silver is literally more valuable than gold and scarcer and where the need for silver is increasing geometrically.
Again, what time frame does one use for such a claim? Or should have been $20 in 2022 and it should have been $40 today. When it was still in the low $20s in 2024, would you have said the answer was "no"? If it hits $20 again well you change the answer back to "no".
The Dow is clearly undervalued. Please call me when it goes 60,000 in 2028 to tell me I'm right.
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It’s time.
Where's Joeykoins?
Let me know when it hits $ 60.
Then, I'll sell.
Chris
For the peanut players, which most of us are, real buy and sell prices at the B&M don't change much, if at all, with fluctuations of up to about 5% or less in the daily market spot price. The higher volume traders get a better shake than the peanut players but you are a peanut player if trading in less than 1000 oz. blocks.
Whoever is careless with the truth in small matters cannot be trusted with important matters.
Whatever your personal beliefs, that was an absurd statement to make. Silver is most definitely not more valuable than gold, literally or otherwise.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
You can operate industry without gold but you can't operate it without silver. You can find huge vaults all over the world stacked to the rafters with gold, but you can't find them full of silver and this goes about 87.5 times over on the basis of market value. Virtually every new product now uses more silver in new ways. Prototype fusion reactors use large amounts of silver. Green industry, AI, military, superconductors, batteries, medicine and more are all increasing consumption while mine production has stalled for years and there are few new mines coming on line or planned despite higher prices. Meanwhile there are large countries accumulating stockpiles. Silver is so cheap any billionaire could rattle the market.
These facts will become increasingly clear as time goes by. There are still massive short position held by banks they must unwind and this means they may buy as well to avoid bankruptcy. Meanwhile the interest you get in the bank is said to be headed on a downward trajectory which could choke off the largest source of silver that makes up the production shortfall; Disinvestment by tired longs and profit takers in this country. This would leave no sellers and many buyers standing in line. Many believe a lot of silver has been sold to more than a single buyer and some is double counted. There would be an apparent contraction in supply as waves of buyers approach the markets.
Price can move explosively higher.
Even if all of the above is accurate - and I don’t claim to know - it doesn’t make your previous statement (coped below) any less absurd.
“We live in a world where silver is literally more valuable than gold and scarcer and where the need for silver is increasing geometrically.”
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Gambling on cards instead of coins.
All comments reflect the opinion of the author, even when irrefutably accurate.
Hes on the baseball side of the forum.
EDIT to add link
https://forums.collectors.com/discussion/comment/13960437#Comment_13960437
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If you need a pound of silver to run your factory it might be worth more than 87.5 pounds of gold. About 95% of the silver that ever existed is tied up in things that can't be recovered or utterly destroyed like the silver gouged from an 1804 dollar. Nearly 95% of all the gold ever mined is sitting in a vault somewhere. Where is the rarity? Where is the demand? Where is the need? Where is the value?
I and everyone else I know compare the actual cost of each, while you choose to ignore such realities, and go off on tangents. Enjoy yourself.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Bitcoin would like to have a word.
peacockcoins
There are other factors at play here beyond supply and demand. There are the nature of silver and prevailing economic conditions. The odds of recession are increasing again. In addition to the effects on demand, supply could decrease sharply as mining for all metals decrease. Most silver is a by-product of other mining, notably copper. A small decrease in other mining would result in a large decrease in silver production.
This is all a prescription for higher, and potentially much higher, silver prices. Economic unrest, changing priorities, and inflation can all send gold higher and any spillover into silver could also have dynamic effects. Banks might be able to pump a billion ounces of silver into the system to stave off a panic but at today's prices that is mere chump change. Russia wouldn't even notice a $40,000,000,000 expenditure. Why would a bank willing sell into a such an event?
Silver will go up, down, or sideways and nobody knows which. But nothing else has silver's potential. Mycelium? AI stock? Bond shorts?
“We live in a world where silver is literally more valuable than gold and scarcer and where the need for silver is increasing geometrically.”
Remove the useless adverb, and @MFeld could not point out an absurdity. He could still argue a point, though.
I don’t disagree, @cladking, I rarely disagree with any speculation and I enjoy reading it. I am at war with useless modifiers that makes text weaker.
I understand and you're both right. Especially you. But I used the word to make the specific point that there is no fixed Gold : Silver ratio. While it's most improbable that silver will exceed gold in $/ OZt the simple fact is I'm proposing an entirely new price structure could emerge and going under 1 : 1 is hardly impossible. I'm not sure that would be more absurd than 87.5 : 1.
I'm not really talking about silver going to much higher prices so much as I am there could be a collective reevaluation of the very nature of silver. Silver could die and be replaced by a new valuable metal that is not some poor man's version of gold. The name won't change, just its meaning. There are many processes that could prevent this from occurring but it looks like these markets are about out of time to do this. Nothing might conserve and stop the frivolous waste of silver except higher prices. It's been "literally" given away free for decades and it has been treated with disrespect by the beneficiaries.
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It might be more correct to say that "silver is more useful than gold".
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It might and that certainly couldn’t be more incorrect.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I wager I could say something far more incorrect.
People might be interested in the potential of things like mycelium. The neat thing about AI is it can translate anything but it's overlooked as a search engine. Ask it about mycelium's relationship to AI. These are interesting times but there are no shortages of things that can benefit from them. What effect will free power from fusion have on the economy and how will this affect silver demand? Superconductors now use silver as well. Silver is a bet on the resourcefulness and genius of mankind. I've always liked these odds.
Please see and post here instead: https://forums.collectors.com/categories/precious-metals
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I still disagree.
Please see and post here instead: https://forums.collectors.com/categories/precious-metals
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I responded to your post!
We don't have a forum for fungus.
All comments reflect the opinion of the author, even when irrefutably accurate.