Poll - Sunday silver open: Up or Down? Too late, market opened

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derryb
derryb Posts: 38,605 ✭✭✭✭✭
in Precious Metals
Lots of fortune tellers here among us. When the market opens on Sunday will silver start up or down based on the weekend's developments? I'm goin with down, just on a hunch that there will be a flight to cash.

Poll closed. Silver opened at 35.40 from Friday's close of 35.28 per kitco's 6 pm New York quote. Congrates to the "up" crowd.

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

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  • cladking
    cladking Posts: 30,312 ✭✭✭✭✭
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    Can someone tell me where Silver Seek gets their numbers?

    They're already showing silver up 22c and it's been going up and down for
    hours now. My understanding is no markets are open until Japan opens at
    5:00 PM central on Sunday. (ten minutes)
    tempus fugit extra philosophiam.
  • Wingsrule
    Wingsrule Posts: 3,312 ✭✭✭✭
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    Silver will hit $37/oz this week.
  • derryb
    derryb Posts: 38,605 ✭✭✭✭✭
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    For purposes of the poll I'm working with the kitco New York open Sunday evening. Don't know where Silver Seek is getting their quotes unless they have their own 24/7 trading platform.

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

  • cladking
    cladking Posts: 30,312 ✭✭✭✭✭
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    SilverSeek is spiking higher.
    tempus fugit extra philosophiam.
  • derryb
    derryb Posts: 38,605 ✭✭✭✭✭
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    Market open. the "up" crowd wins with a .12 opening uptick.

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

  • cladking
    cladking Posts: 30,312 ✭✭✭✭✭
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    It's really only 5:03

    SS +52c
    Asia +37c
    tempus fugit extra philosophiam.
  • derryb
    derryb Posts: 38,605 ✭✭✭✭✭
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    looks like a flight to real money!

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

  • 1Mike1
    1Mike1 Posts: 4,445 ✭✭✭✭✭
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    The dollar is dogging and the oil supply is threatened - I will guess it's going up this week.
    "May the silver waves that bear you heavenward be filled with love’s whisperings"

    "A dog breaks your heart only one time and that is when they pass on". Unknown
  • CaptHenway
    CaptHenway Posts: 34,167 ✭✭✭✭✭
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    << <i>Can someone tell me where Silver Seek gets their numbers?

    They're already showing silver up 22c and it's been going up and down for
    hours now. My understanding is no markets are open until Japan opens at
    5:00 PM central on Sunday. (ten minutes) >>



    I suspect that they are basing their change in the market basis the Friday afternoon "close," and not the Friday afternoon aftermarket, which was up.
    Just a guess. Never heard of them before.
    TD
    Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • piecesofme
    piecesofme Posts: 6,669 ✭✭✭
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    yeah, in basketball it's called a head fake. I'm gonna go out on a limb and say for the upcoming week it ends up being down for here. Am I playing a Put on the SLV...NO!!!! So I guess it's all speculation, just like everyone else. Don't hate me just because I will never be a victim of conformity. lol
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • OPA
    OPA Posts: 17,166 ✭✭✭✭✭
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    Less than a 3% move is a NON EVENT. A move of over 5% is an EVENT
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Wingsrule
    Wingsrule Posts: 3,312 ✭✭✭✭
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    Silver up 1.02% right nowimage
  • CaptHenway
    CaptHenway Posts: 34,167 ✭✭✭✭✭
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    All things considered, I would call this a pretty normal Sunday afternoon bump. Nice, but nothing special.
    Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.

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