$65 to $80 is the new baseline for silver. What say you?
relicsncoins
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I think it will go as low as $55 and as high as $95 but $80 is the new $30.
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At the risk of being very redundant: new all time high by the Fourth of July.
$80 - 85 seems right, will see
Kitco spot right now around 88 bucks.
60 is the new floor.
Will retrace to +$100 soon
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“Often wrong, but never in doubt.”
I've been watching a few vintage silver bars and one was gone off eBay a couple days ago at a good price point.
I looked today in my watch list and another one was gone.
Nice to see that a collector premium still exists on cool vintage silver bars.
This charting and technical analysis stuff is all a bit hocus pocus, but it does give some good reference points. Of course where you draw the lines is a bit loose. So take it with a grain of salt. If silver can break above $92 and hold there for a day or two, i think we are heading back to the old high of $122. Also it looks to my eye like silver put in a "reverse head and shoulders" over the past few weeks, which is bullish. But again, technical analysis can be wrong!
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With silver breaking $90 and sitting above $85 all week, I’m struggling with the prediction. I’d like to see $60 or $80. I have a thread with pretty much the same question. Where is the floor ?
Baseline is where we are. The basement.
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$130 will be the new baseline by the end of the year. Don't hold your breath though because it won't last long and moves will be violent until it ratchets higher.
Gold will settle around $6200 during most of this year. If the economy improves and inflation goes no higher than it will drift after silver resumes its climb. If inflation is high or interest rates remain low then watch for gold to get up to $8000 next year.
I'm expecting a strong economy and gold to peak at $6800 next year as interest rates remain above 3%.
Of course if bonds fail you better own gold no matter what.
massive amount of "call options" were put on recently by the "whales" for gold to go above 15,000 by the end of this year. I wonder if someone has inside information about a potential "gold reset" in 2026. All this kind of stuff is way beyond my pay grade. It seems like gold going up to over 6000 this year seems more realistic.
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If there is a big fallout from this private equity lending and crypto soured investment, gold will jump to over $6K real quick. I think there is already a slow reallocation of investments away from these asset classes to not upset the apple cart, but if s#%t hits the fan, watch out.
Gold will need to break 5200 then it can try to test new high. Silver will need to break 92 before it can try to test old high.
SLV left behind a pretty big gap at $96 on the way down. It would take silver to go to $107 to fill the gap. Note that GLD, GDX, GDXJ have already filled their gaps quite easily.....increasing the odds significantly that SLV fills the higher gap too. This is a point where shorting silver seems pretty risky. GSR has already done strong retrace from 43 to 72. I see no reason for it go any higher. I would consider the current trading range to be 50-65. Currently at 58. In 5 yrs GSR has retraced 87% of the 2011 to 2020 rise. (GSR 31 to 126). That's plenty.
https://stockcharts.com/freecharts/candleglance.html?GLD,SLV,GDX,GDXJ,DIA,QQQ,SPY,UUP,DBC,USO,$VIX|B|B14|null
I think this is becoming much to do about nothing for awhile.
The spread between buy/sell on US 90% is getting like the North and South rim of the Grand Canyon.
30 days ago when silver spot ~$90 I got 57.85 x face. Today spot at ~$92 when I was at the shop and the best I could get was 41.5 x face. I passed. Might be a long time before the spreads gets reasonable. Makes the eBay avenue look cheap.
What are others seeing?
I'm seeing morons on eBay that have been offering below melt on graded coins. There have always been lowballers looking for a rip on eBay, but it seems like they have come out of the woodwork ever since the discount on 90% has gotten so high. I just laugh and reject their offers, but it's getting kind of annoying.
Philippians 4:4-7
That's the state of the market. The "spot" price doesn't mean much unless you are trading paper. Paper gutter is the only thing realizing spot price. Physical gutter is pretty much selling at a discount to spot across the board. Some forms much worse than others. This pump has and remains 100% paper driven. RGDS!
The whole worlds off its rocker, buy Gold™.
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Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?