Well it’s gone high enough that this month a keystone month. Retail sales of material b4 the big jump I bulked up on abt a yr or so ago. My biggest sales month this year. A double bubble performance.
About every week raising prices keep retail at current boom mkt level.
They keep talking about how silver is needed for solar panels. The trouble is the higher the silver price goes, the less viable solar energy is. It’s already a more expensive source for electricity than fossil fuels.
With certain, let's say, "initiatives", the actual cost hit is less a detriment than many logical people would think.
@alefzero said:
I don't see the bottom falling out. Silver is not going to do technical trading the chartists love. Yes, it will bob with some volatility for sure. But the price governance is due to industrial supply and demand. Supply is in a widening deficit from the mining sector, which cannot respond to meet the demand just because the price suggests it should. The upcoming solid state battery technology will exert even more pressure.
What will limit the price is demand reduction from the consumer side of industrial products. When solar, EVs, AI farms, ... become prohibitively expensive for the various consumer classes, production will wane and thus pressure on supply will as well. An ordinary person might want a fast charging and long range EV, but will need to settle for less, more aligned with current technology. There is only so much silver to go around.
Price also goes up, as values in dollars as the money supply increases, precipitating higher inflation. That's just natural and problematic for [dollar] savers but not earners, provided wages inflate accordingly too.
Where the top lies is impossible to predict. But anyone thinking there will every be sub-$40 silver again is plain uninformed.
Silver last traded at $40 on Aug 31st. What changed in the industrial supply/demand dynamics (your argument for the price increase) that warranted a doubling of the spot price in fewer than four months?
Nothing. Demand is down in 2025 per The Silver Institute. The structural deficit is down. And it is predicted to continue that trend in 2026.
There is demand that has driven some of the run but there appears to be a lot of speculation on top of the demand driven run. [And maybe a little superpower hoarding. ]
It's anybody guess at this point.
All comments reflect the opinion of the author, even when irrefutably accurate.
I just pulled several articles from the 2011-12 run. The arguments calling for $200+ silver at that time are LITERALLY the exact same arguments which are being made now, focusing on limited supply, deficit, industrial use, solar, etc.
I don’t have a crystal ball, but be careful out there. Nothing wrong with taking a nice profit.
@nags said:
I just pulled several articles from the 2011-12 run. The arguments calling for $200+ silver at that time are LITERALLY the exact same arguments which are being made now, focusing on limited supply, deficit, industrial use, solar, etc.
I don’t have a crystal ball, but be careful out there. Nothing wrong with taking a nice profit.
I have a friend who works at a Starbucks Cafe. She texted me because a customer told her that dollar panels need silver and silver is going up up up and she should get in. It reminds me of the old Wall Street maxim that "when your cabbie is giving you stock tips, it's time to sell. "
But, who knows...?
I also got a text from a dealer friend yesterday. They were closed, but he had multiple people texting him to buy yesterday. They wanted to lock in at $80 before the Monday open.
All comments reflect the opinion of the author, even when irrefutably accurate.
@nags said:
I just pulled several articles from the 2011-12 run. The arguments calling for $200+ silver at that time are LITERALLY the exact same arguments which are being made now, focusing on limited supply, deficit, industrial use, solar, etc.
I don’t have a crystal ball, but be careful out there. Nothing wrong with taking a nice profit.
I have a friend who works at a Starbucks Cafe. She texted me because a customer told her that dollar panels need silver and silver is going up up up and she should get in. It reminds me of the old Wall Street maxim that "when your cabbie is giving you stock tips, it's time to sell. "
But, who knows...?
I also got a text from a dealer friend yesterday. They were closed, but he had multiple people texting him to buy yesterday. They wanted to lock in at $80 before the Monday open.
Starbucks employee ... nah! Wait for the shoeshine man!
@291fifth said:
Are lines of people wanting to sell silver of all types lining up at coin shops these days? This is what happened back during the 1979-80 silver boom. (I don't know the answer, that is why I am asking.)
up until last week, yes. now we have buyers in there too
They keep talking about how silver is needed for solar panels. The trouble is the higher the silver price goes, the less viable solar energy is. It’s already a more expensive source for electricity than fossil fuels.
And many, many other sources. The only "source" that still says the opposite is the Petroleum Institute and it's minions.
The pardon is for tyrants. They like to declare pardons on holidays, such as the birthday of the dictator, or Christ, or the Revolution. Dictators should be encouraged to keep it up. And we should be encouraged to remember that the promiscuous dispensation of clemency is not a sign of political liberality. It is instead one of those valuable, identifying marks of tyranny.
Charles Krauthammer
Apparently some of the drivers of the drop in the silver price were the change in margin requirements and China's on import rules. "Silver will scare you out or wear you out."
Starbucks employee ... nah! Wait for the shoeshine man!
Are there still shoeshine men?
The pardon is for tyrants. They like to declare pardons on holidays, such as the birthday of the dictator, or Christ, or the Revolution. Dictators should be encouraged to keep it up. And we should be encouraged to remember that the promiscuous dispensation of clemency is not a sign of political liberality. It is instead one of those valuable, identifying marks of tyranny.
Charles Krauthammer
their restrictions on silver exports will not pass. There was a time not long ago that their silver bailed out the LBMA. That won't happen again. The China thing won't pass. It will affect supply and price for quite a while.
PS. The market is constantly repricing.
If two brothers can squeeze silver to $50, imagine what a world of stackers is about to do.
But China does not control silver the way they control rare earths; they produce what, 15 %? Mexico produces more. There are many large producers in South America. The US, Australia, and Poland produce a lot as well. Global production is quite diversified. Why all the concern over China?
@Higashiyama said:
But China does not control silver the way they control rare earths; they produce what, 15 %? Mexico produces more. There are many large producers in South America. The US, Australia, and Poland produce a lot as well. Global production is quite diversified. Why all the concern over China?
Demand for physical within China.
If two brothers can squeeze silver to $50, imagine what a world of stackers is about to do.
@Higashiyama said:
But China does not control silver the way they control rare earths; they produce what, 15 %? Mexico produces more. There are many large producers in South America. The US, Australia, and Poland produce a lot as well. Global production is quite diversified. Why all the concern over China?
China is # 2 and 15% is a major contributor since we already consume more then we produce.
Reduces demand, but has no affect whatsoever on supply. Supply is the issue and it has been creating the demand, and reestablishing it after each margin hike. Recent 30% margin hike (a record and second hike in one week) tells us their is a supply issue in the respective exhange's valuts and that their future system is breaking. It's an attemp to "save the house." Hikes force "Longs" to sell their positions just to stay solvent. This is designed to kill upward momentum. It is a manufactured sell-off.
While Physical Silver trades at $95.05 in Dubai (real price), the suppressed Paper Price on COMEX will not hold.
If two brothers can squeeze silver to $50, imagine what a world of stackers is about to do.
Just removes some of the speculative day traders who should not be in the market anyway. Long overdue in my opinion. At $60, each contract is for $300,000 worth of physical. A mere $20 - 25K initial margin requirement is peanuts, < 10%. Stock margin is 50% of the purchase cost. Let the day traders play with SLV.
Just removes some of the speculative day traders who should not be in the market anyway. Long overdue in my opinion. At $60, each contract is for $300,000 worth of physical. A mere $20 - 25K initial margin requirement is peanuts, < 10%. Stock margin is 50% of the purchase cost. Let the day traders play with SLV.
Yup. No reason to be in a rush.
Q: Are You Printing Money? Bernanke: Not Literally
margin raise potency seems to be working a bit different this time. although they can still raise more. go for it...Paper positions with insufficient capital get flushed.
@derryb said:
By making it impossibly expensive hold Long contracts, they are effectively bailing out the naked shorts.
Not sure I understand. < 10% down on current future contracts is too low to play with, and some day traders could become over-leveraged which can cause market disruptions if they can't meet calls or deliver. They should forgo the $ threshold and use a tiered %. They are basically doing that piecemeal with no warning. When silver was low, the margin was sufficient.
Exactly, everything is a conspiracy in PM land. I spend my life hoarding this asset that everyone is trying to hold down. LOL I mean if you actually believe all that malarky why on earth would you buy it in the first place? I guess it does sell newsletters and youtube page view commissions. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
When the bottom falls out be sure to have lots and lots of cash ready because the first leg of its increase has yet to even begin. Lots of sellers will get itchy trigger fingers and it will be the last chance to buy at much higher levels than today.
The physical squeeze will become so severe people will actually start believing the hype that it's rarer than gold. It is not and it will come on the market in massive waves because people act in tandem. The first wave will sink the price but all that silver (~200,000,000 Ot) will be absorbed in short order. This will limit the size of subsequent waves because it will be gone into product and storage by those who make product. By then almost all production will be tied up contractually.
Be patient don't get caught up in hype. Take some profits. Don't panic and buy on up moves.
Comments
Time wise.. look next week into Jan12 for trading top .. A viscous , fast drop from high ..look out
Holding $1,000 bag
Well it’s gone high enough that this month a keystone month. Retail sales of material b4 the big jump I bulked up on abt a yr or so ago. My biggest sales month this year. A double bubble performance.
About every week raising prices keep retail at current boom mkt level.
With certain, let's say, "initiatives", the actual cost hit is less a detriment than many logical people would think.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
If I knew I’d give up my day job.
Nothing. Demand is down in 2025 per The Silver Institute. The structural deficit is down. And it is predicted to continue that trend in 2026.
There is demand that has driven some of the run but there appears to be a lot of speculation on top of the demand driven run. [And maybe a little superpower hoarding. ]
It's anybody guess at this point.
All comments reflect the opinion of the author, even when irrefutably accurate.
I just pulled several articles from the 2011-12 run. The arguments calling for $200+ silver at that time are LITERALLY the exact same arguments which are being made now, focusing on limited supply, deficit, industrial use, solar, etc.
I don’t have a crystal ball, but be careful out there. Nothing wrong with taking a nice profit.
I have a friend who works at a Starbucks Cafe. She texted me because a customer told her that dollar panels need silver and silver is going up up up and she should get in. It reminds me of the old Wall Street maxim that "when your cabbie is giving you stock tips, it's time to sell. "
But, who knows...?
I also got a text from a dealer friend yesterday. They were closed, but he had multiple people texting him to buy yesterday. They wanted to lock in at $80 before the Monday open.
All comments reflect the opinion of the author, even when irrefutably accurate.
Starbucks employee ... nah! Wait for the shoeshine man!
up until last week, yes. now we have buyers in there too
No. E.g. - https://www.scientificamerican.com/article/wind-and-solar-energy-are-cheaper-than-electricity-from-fossil-fuel-plants/#:~:text=Utility scale solar projects had,$71 to $173 per MWh.)
And many, many other sources. The only "source" that still says the opposite is the Petroleum Institute and it's minions.
The pardon is for tyrants. They like to declare pardons on holidays, such as the birthday of the dictator, or Christ, or the Revolution. Dictators should be encouraged to keep it up. And we should be encouraged to remember that the promiscuous dispensation of clemency is not a sign of political liberality. It is instead one of those valuable, identifying marks of tyranny.
Charles Krauthammer
Apparently some of the drivers of the drop in the silver price were the change in margin requirements and China's on import rules. "Silver will scare you out or wear you out."
Are there still shoeshine men?
The pardon is for tyrants. They like to declare pardons on holidays, such as the birthday of the dictator, or Christ, or the Revolution. Dictators should be encouraged to keep it up. And we should be encouraged to remember that the promiscuous dispensation of clemency is not a sign of political liberality. It is instead one of those valuable, identifying marks of tyranny.
Charles Krauthammer
The bottom didn't fall out.
I knew it would happen.
Post from Jim Rickards Daily Feed:
If two brothers can squeeze silver to $50, imagine what a world of stackers is about to do.
The China thing is becoming a Y2K.
Once it passes, the market can re-price.
their restrictions on silver exports will not pass. There was a time not long ago that their silver bailed out the LBMA. That won't happen again. The China thing won't pass. It will affect supply and price for quite a while.
PS. The market is constantly repricing.
If two brothers can squeeze silver to $50, imagine what a world of stackers is about to do.
But China does not control silver the way they control rare earths; they produce what, 15 %? Mexico produces more. There are many large producers in South America. The US, Australia, and Poland produce a lot as well. Global production is quite diversified. Why all the concern over China?
Demand for physical within China.
If two brothers can squeeze silver to $50, imagine what a world of stackers is about to do.
China is # 2 and 15% is a major contributor since we already consume more then we produce.
Bottom won't fall out but January pull back will be real and based on people capturing 2025 profits for tax purposes.
Loves me some shiny!
Bottom fall out? This isn't your grandpappy's silver.
COPPER is gutter !
tomorrow is last day for tax loss sales.
jan 2026 won't tax selling won't take place because people don't sell on the way up due to taxes
Or did he mean selling in early Jan so you don’t pay cap gains in 2025?
could be
Correct. A big silver cap gain can be strategized over 2026 in a variety of ways.
Loves me some shiny!
what kind of ways?
Perhaps some couldn't hold out for the '26 tax break? RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
I'm lurking around, waiting to make another PM buy. The fundamentals haven't soured one bit.
I knew it would happen.
Someone spends there nights chart-gooning
Loves me some shiny!
CME raised margin requirements again, second time this week.
Reduces demand, but has no affect whatsoever on supply. Supply is the issue and it has been creating the demand, and reestablishing it after each margin hike. Recent 30% margin hike (a record and second hike in one week) tells us their is a supply issue in the respective exhange's valuts and that their future system is breaking. It's an attemp to "save the house." Hikes force "Longs" to sell their positions just to stay solvent. This is designed to kill upward momentum. It is a manufactured sell-off.
While Physical Silver trades at $95.05 in Dubai (real price), the suppressed Paper Price on COMEX will not hold.
If two brothers can squeeze silver to $50, imagine what a world of stackers is about to do.
Just removes some of the speculative day traders who should not be in the market anyway. Long overdue in my opinion. At $60, each contract is for $300,000 worth of physical. A mere $20 - 25K initial margin requirement is peanuts, < 10%. Stock margin is 50% of the purchase cost. Let the day traders play with SLV.
Just removes some of the speculative day traders who should not be in the market anyway. Long overdue in my opinion. At $60, each contract is for $300,000 worth of physical. A mere $20 - 25K initial margin requirement is peanuts, < 10%. Stock margin is 50% of the purchase cost. Let the day traders play with SLV.
Yup. No reason to be in a rush.
I knew it would happen.
margin raise potency seems to be working a bit different this time. although they can still raise more. go for it...Paper positions with insufficient capital get flushed.
Loves me some shiny!
By making it impossibly expensive to hold Long contracts, they are effectively bailing out the naked shorts.
If two brothers can squeeze silver to $50, imagine what a world of stackers is about to do.
Not sure I understand. < 10% down on current future contracts is too low to play with, and some day traders could become over-leveraged which can cause market disruptions if they can't meet calls or deliver. They should forgo the $ threshold and use a tiered %. They are basically doing that piecemeal with no warning. When silver was low, the margin was sufficient.
Exactly, everything is a conspiracy in PM land. I spend my life hoarding this asset that everyone is trying to hold down. LOL I mean if you actually believe all that malarky why on earth would you buy it in the first place? I guess it does sell newsletters and youtube page view commissions. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
why on earth would you buy it in the first place?
fundamentals
I knew it would happen.
why on earth would you buy it in the first place?
Because I know my buyer is going to want it more than I did
If two brothers can squeeze silver to $50, imagine what a world of stackers is about to do.
margin hike = another shaking of the tree. Lot of pecans on the ground. I'm still up high.
If two brothers can squeeze silver to $50, imagine what a world of stackers is about to do.
People on social media are paying 50 to 55 face for standard 90%. I sold a proof roll for $700.
People here said 50x would never happen and here we are.
When the bottom falls out be sure to have lots and lots of cash ready because the first leg of its increase has yet to even begin. Lots of sellers will get itchy trigger fingers and it will be the last chance to buy at much higher levels than today.
The physical squeeze will become so severe people will actually start believing the hype that it's rarer than gold. It is not and it will come on the market in massive waves because people act in tandem. The first wave will sink the price but all that silver (~200,000,000 Ot) will be absorbed in short order. This will limit the size of subsequent waves because it will be gone into product and storage by those who make product. By then almost all production will be tied up contractually.
Be patient don't get caught up in hype. Take some profits. Don't panic and buy on up moves.
As of this post , silver is @ $82.39
kitco high right now is 82.80
interesting - futures high is 82.585
futs - 82.29
down 1.40 on kitco now
easy come, easy go
Now
lolz fail
COPPER is gutter !
can't say it wasn't!