Where is the floor?

GoldFinger1969 · February 2, 2026 6:36PM

@roadrunner said:
If you remember the silver rise from 2003 to 2011, today is just like 2008......a wave 4. Recall that silver dropped >from $21 to $9 that year. It looked OVER.

Fair point....I would note that the decline in 2008 was ALL risk assets going down as a resultr of the GFC.

It appears that silver is going to try and base in the $70's. If that is the case, then an assault on new highs could take place later this year. But we need to back-and-fill for a few months, IMO.

MsMorrisine · February 2, 2026 6:38PM

@GoldFinger1969 said:
It appears that silver is going to try and base in the $70's. If that is the case, then an assault on new highs could take place later this year.

assault?

blitzdude · February 2, 2026 6:41PM

@MsMorrisine said:

@GoldFinger1969 said:
It appears that silver is going to try and base in the $70's. If that is the case, then an assault on new highs could take place later this year.

assault?

Manipulation? RGDS!

derryb · February 2, 2026 11:52PM

@Maywood said:
I don’t know the mechanics of how all this works or where a ceiling, floor or basement might be. But if I accept that PM Prices work opposite the US Dollar then I hope it falls and stays where it belongs.

I know where the Kitchen is and where the Grocery Store is. The hell with Gold and Silver stacked in someone’s safe, I like to eat and feed my family.

then you should be protecting the purchasing power of what you trade to the grocery store. Somewhere between your kitchen and the grocery store should be your safe that holds your dollar insurance policy

derryb · February 2, 2026 11:54PM

@taxmad said:

@blitzdude said:

There is no shortage and there will be plenty available at $20 just as there was at $100. THKS!

With the amount of silverware and jewelry that came out of cabinets and cupboards, my guess is the metal in circulation has spiked quite a bit...

that metal did not circulate. It went into depleted exchange vaults and to solar power companies and to EV battery builders and to. . .

GoldFinger1969 · February 3, 2026 8:31AM

@MsMorrisine said:
assault?

Wall Street lingo talk.

GoldFinger1969 · February 3, 2026 8:38AM

Question.....if JP Morgan is bullish on gold ($6,300 target) but neutral/bearish on silver ($75 support range)...does this mean they are now manipulating one metal HIGHER and another metal LOWER ?

Asking for a friend.....

jmski52 · February 3, 2026 8:40AM

.if JP Morgan is bullish on gold ($6,300 target) but neutral/bearish on silver ($75 support range)...does this mean they are now manipulating one metal HIGHER and another metal LOWER ?

Does it mean that JPM is talking out of both sides of their mouths because they are still accumulating physical silver?

pmh1nic · February 3, 2026 8:43AM

I checked a couple of well known dealer’s websites. Gold American Eagles well over $5K and ASE over $100.

Goldminers · February 3, 2026 9:01AM

Let's get physical. Olivia knew what she was singing about.

TwoSides2aCoin · February 15, 2026 6:55PM

$74 ? $77 ?

derryb · February 15, 2026 8:05PM

the floor will be established next month when Iran gets hit

MsMorrisine · February 17, 2026 6:04PM

iran will have nothing to do with it

the tariff ruling will affect the dollar and PMs

jmski52 · February 17, 2026 7:37PM

If Iran closes the straits of Hormuz there will be effects on oil, precious metals, the dollar and the world economy.

The tariff ruling is a distraction.

MsMorrisine · February 17, 2026 7:40PM

straits of hormuz on pm's? certainly not. no one is routing gold from across the world through the strait of hormuz. and we can just as easily open it with warship escorts

jmski52 · February 18, 2026 5:16AM

straits of hormuz on pm's? certainly not. no one is routing gold from across the world through the strait of hormuz. and we can just as easily open it with warship escorts

You really think it's that simple?

RedneckHB · February 18, 2026 5:39AM

@jmski52 said:
straits of hormuz on pm's? certainly not. no one is routing gold from across the world through the strait of hormuz. and we can just as easily open it with warship escorts

You really think it's that simple?

Well, Iran has threatened to close the Straights many times before....but they also suffer from a form of TACO. Each threat has been met with assurances from the US and Europe for safe passage. So I wont claim to think what MsMorrisine thinks, his comment does appear to be rooted in a historical context.

Maywood · February 18, 2026 5:51AM

Wonderful, let’s talk about politics.

TwoSides2aCoin · February 18, 2026 8:03AM

Let’s talk (speculate) about where the floor for metal is. We all are keenly aware of the dust that never settles on the House Floor.

blitzdude · February 18, 2026 2:51PM

@TwoSides2aCoin said:
Let’s talk (speculate) about where the floor for metal is. We all are keenly aware of the dust that never settles on the House Floor.

The floor for the gutter is much lower. THKS!

toadstrangler · February 18, 2026 3:04PM

My blind guess is the floor is no lower than $60> @blitzdude said:

@TwoSides2aCoin said:
Let’s talk (speculate) about where the floor for metal is. We all are keenly aware of the dust that never settles on the House Floor.

The floor for the gutter is much lower. THKS!

Have you figured out how to sell it all yet? Doubt it .... cuz you don't want to part with it. lolzzz

RiveraFamilyCollect · February 18, 2026 3:04PM

I agree with MsMorrisine.
Even if the Iran conflict heats up, I don't expect it to touch the price of gold.
We did "Operation Praying Mantis" in 1988, it was a brief one day war with Iran. The Navy battered Iran and their small navy so badly that the sailors felt bad and just stopped offensive operations after the first few hours.

They can close the straits, do a war, touch our boats... and in less than 24 hours we can make them regret it and bring back global stability.

blitzdude · February 18, 2026 3:19PM

@RiveraFamilyCollect said:
I agree with MsMorrisine.
Even if the Iran conflict heats up, I don't expect it to touch the price of gold.
We did "Operation Praying Mantis" in 1988, it was a brief one day war with Iran. The Navy battered Iran and their small navy so badly that the sailors felt bad and just stopped offensive operations after the first few hours.

They can close the straits, do a war, touch our boats... and in less than 24 hours we can make them regret it and bring back global stability.

Global stability? These days we don't even have national stability. THKS!

TwoSides2aCoin · February 18, 2026 3:21PM

@blitzdude said:

@TwoSides2aCoin said:
Let’s talk (speculate) about where the floor for metal is. We all are keenly aware of the dust that never settles on the House Floor.

The floor for the gutter is much lower. THKS!

Much lower than $120 ? Bet.
Much lower than $100 ? Check
Much lower than $91 ? Sure.
Much lower than $75 ? Okay
your projection is lower. I think MsMorrisine pegged it near $40. Others agree. Not so sure I do.

toadstrangler · February 18, 2026 3:23PM

@TwoSides2aCoin said:

@blitzdude said:

@TwoSides2aCoin said:
Let’s talk (speculate) about where the floor for metal is. We all are keenly aware of the dust that never settles on the House Floor.

The floor for the gutter is much lower. THKS!

Much lower than $120 ? Bet.
Much lower than $100 ? Check
Much lower than $91 ? Sure.
Much lower than $75 ? Okay
your projection is lower. I think MsMorrisine pegged it near $40. Others agree. Not so sure I do.

We've seen the floor. Two weeks ago.

blitzdude · February 18, 2026 3:38PM

@TwoSides2aCoin said:

@blitzdude said:

@TwoSides2aCoin said:
Let’s talk (speculate) about where the floor for metal is. We all are keenly aware of the dust that never settles on the House Floor.

The floor for the gutter is much lower. THKS!

Much lower than $120 ? Bet.
Much lower than $100 ? Check
Much lower than $91 ? Sure.
Much lower than $75 ? Okay
your projection is lower. I think MsMorrisine pegged it near $40. Others agree. Not so sure I do.

As stated previously somewhere in the $20's. Although don't be shocked if we revisit the teens. RGDS!

dcarr · February 18, 2026 4:14PM

@blitzdude said:

@RiveraFamilyCollect said:
I agree with MsMorrisine.
Even if the Iran conflict heats up, I don't expect it to touch the price of gold.
We did "Operation Praying Mantis" in 1988, it was a brief one day war with Iran. The Navy battered Iran and their small navy so badly that the sailors felt bad and just stopped offensive operations after the first few hours.

They can close the straits, do a war, touch our boats... and in less than 24 hours we can make them regret it and bring back global stability.

Global stability? These days we don't even have national stability. THKS!

.

What happened to the "get out of the bunker and into the sunshine" mantra you had ?
Now it is all doom and gloom with you.

.

dcarr · February 18, 2026 4:15PM

@blitzdude said:

@TwoSides2aCoin said:

@blitzdude said:

@TwoSides2aCoin said:
Let’s talk (speculate) about where the floor for metal is. We all are keenly aware of the dust that never settles on the House Floor.

The floor for the gutter is much lower. THKS!

Much lower than $120 ? Bet.
Much lower than $100 ? Check
Much lower than $91 ? Sure.
Much lower than $75 ? Okay
your projection is lower. I think MsMorrisine pegged it near $40. Others agree. Not so sure I do.

As stated previously somewhere in the $20's. Although don't be shocked if we revisit the teens. RGDS!

.

Sell ALL or your silver then,
and massively short SLV and buy it back at $18.

.

blitzdude · February 18, 2026 4:23PM

@dcarr said:

@blitzdude said:

@TwoSides2aCoin said:

@blitzdude said:

@TwoSides2aCoin said:
Let’s talk (speculate) about where the floor for metal is. We all are keenly aware of the dust that never settles on the House Floor.

The floor for the gutter is much lower. THKS!

Much lower than $120 ? Bet.
Much lower than $100 ? Check
Much lower than $91 ? Sure.
Much lower than $75 ? Okay
your projection is lower. I think MsMorrisine pegged it near $40. Others agree. Not so sure I do.

As stated previously somewhere in the $20's. Although don't be shocked if we revisit the teens. RGDS!

.

Sell ALL or your silver then,
and massively short SLV and buy it back at $18.

.

That's been the plan minus shorting SLV. We have ZSL which works better for that. Certainly, witling the pile down. Believe I am now under 2k physical but unfortunately about 500 of that is the 90% junk that nobody wants. Perhaps we could melt it down for the "In gutter We Trust" tokens? RGDS!

toadstrangler · February 18, 2026 5:04PM

@dcarr said:

What happened to the "get out of the bunker and into the sunshine" mantra you had ?
Now it is all doom and gloom with you.

Gutter boy is a Pez dispenser of nonsense.

jmski52 · February 18, 2026 5:57PM

.

GoldFinger1969 · February 18, 2026 10:26PM

@jmski52 said:
Does it mean that JPM is talking out of both sides of their mouths because they are still accumulating physical >silver?

They haven't been accumulating silver.

jmski52 · February 19, 2026 7:53AM

They haven't been accumulating silver.

You seem so sure, but I'd bet against it.

JWP · February 19, 2026 8:24AM

I came across this and thought it worth sharing
.

toadstrangler · February 19, 2026 8:41AM

@JWP said:

I came across this and thought it worth sharing

2 years tops

derryb · February 19, 2026 3:07PM

@jmski52 said:
straits of hormuz on pm's? certainly not. no one is routing gold from across the world through the strait of hormuz. and we can just as easily open it with warship escorts

You really think it's that simple?

short travel time for land based missles. Any target in the strait will not have enough time to deflect.

blitzdude · February 19, 2026 5:48PM

@JWP said:

I came across this and thought it worth sharing

Little premature, we aren't even close to finishing the move lower yet. RGDS!

MsMorrisine · February 19, 2026 8:13PM

@JWP said:

I came across this and thought it worth sharing
.

it'll go to $20 and take 30 years

jmski52 · February 19, 2026 8:44PM

it'll go to $20 and take 30 years

Have fun waiting.

BLUEJAYWAY · February 20, 2026 1:26AM

Looks like calmer waters ahead after the stormy run up. Silver trading in a +/- $1-3
swing window.

oreville · February 20, 2026 4:05AM

Looks like floor for silver is 75

Gold floor 4900.

Both heading up. Oil now heading up as well, It is a sign of US dollar getting weaker.

derryb · February 20, 2026 5:22AM

US setting price floor for strategic metals.

Including silver!

RedneckHB · February 20, 2026 5:30AM

@derryb said:
US setting price floor for strategic metals.

Including silver!

Can't wait to read the comments from the free market and anti-manipulation proponents.

derryb · February 20, 2026 5:34AM

I'm a free market dude but national security comes first. Even if price floor did not include silver I would support making sure the US has the metals it needs. Including silver is a bonus.

RedneckHB · February 20, 2026 5:50AM

So far so good. Let's see more!!

dcarr · February 20, 2026 6:04AM

@blitzdude said:

@dcarr said:

@blitzdude said:

@TwoSides2aCoin said:

@blitzdude said:

@TwoSides2aCoin said:
Let’s talk (speculate) about where the floor for metal is. We all are keenly aware of the dust that never settles on the House Floor.

The floor for the gutter is much lower. THKS!

Much lower than $120 ? Bet.
Much lower than $100 ? Check
Much lower than $91 ? Sure.
Much lower than $75 ? Okay
your projection is lower. I think MsMorrisine pegged it near $40. Others agree. Not so sure I do.

As stated previously somewhere in the $20's. Although don't be shocked if we revisit the teens. RGDS!

.

Sell ALL or your silver then,
and massively short SLV and buy it back at $18.

.

That's been the plan minus shorting SLV. We have ZSL which works better for that. Certainly, witling the pile down. Believe I am now under 2k physical but unfortunately about 500 of that is the 90% junk that nobody wants. Perhaps we could melt it down for the "In gutter We Trust" tokens? RGDS!

.

in the interest of saving time, I will pay you $18 per ounce for your 90% coin right now.
Your other option is to wait until silver "spot" goes down to $18 and sell it then.
Why wait ?

.

toadstrangler · February 20, 2026 6:29AM

@dcarr said:

.

in the interest of saving time, I will pay you $18 per ounce for your 90% coin right now.
Your other option is to wait until silver "spot" goes down to $18 and sell it then.
Why wait ?

.

There's no way he actually believes that crap.

jmski52 · February 20, 2026 9:03AM

Can't wait to read the comments from the free market and anti-manipulation proponents.

There hasn't been a free market in silver since 1979. Your point?

blitzdude · February 20, 2026 9:10AM

@jmski52 said:
it'll go to $20 and take 30 years

Have fun waiting.

Life in the gutter. It's always a long long wait. RGDS!

RedneckHB · February 20, 2026 11:57AM

@jmski52 said:
Can't wait to read the comments from the free market and anti-manipulation proponents.

There hasn't been a free market in silver since 1979. Your point?

Are you ok with the US Govt setting prices?

Where is the floor?

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