Silver up another dollar

Ed62 · April 24, 2011 8:27AM

DorkGirl · April 24, 2011 8:31AM

anoldgoat · April 24, 2011 8:32AM

The fall is gonna be hard. The question is when.

ianrussell · April 24, 2011 8:42AM

It's going to be a busy week ahead... especially with Central States.

- Ian

notwilight · April 24, 2011 9:06AM

<< The fall is gonna be hard. The question is when. >>

Yep, one of these days silver will correct $5 back to $52 an ounce and the people who have been saying it was overpriced since $20 will say, "See, told ya so." --jerry

DUIGUY · April 24, 2011 9:11AM

<< 

<< The fall is gonna be hard. The question is when. >>

Yep, one of these days silver will correct $5 back to $52 an ounce and the people who have been saying it was overpriced since $20 will say, "See, told ya so." --jerry >>

OnlyGoldIsMoney · April 24, 2011 9:27AM

<< The fall is gonna be hard. The question is when. >>

Those who only start buying at $50 might see some unpleasant corrections. Others that started stacking in 2009 may have to content themselves with merely doubling their money.

PerryHall · April 24, 2011 9:36AM

<< The fall is gonna be hard. The question is when. >>

Are you talking about silver or the dollar?

RedHerring · April 24, 2011 9:53AM

Get you silver under $50 while you can! When it's at $100 next year everybody will think $47 silver was dirt cheap!

morgansforever · April 24, 2011 9:56AM

Awesome just picked up 16 2002 WestPoint commems, about 10 minutes ago, with all the ogp.

roadrunner · April 24, 2011 10:54AM

Yeah, the same people that were bad-mouthing silver at $6, and $10, then $15, and $20, etc, etc. .....will continue to do so until they finally get their call "right."

The correction won't last too long though. $50 silver will seem cheap by end the year or in early 2012.

roadrunner

jmski52 · April 24, 2011 12:06PM

I fully expect to see a day when silver falls $5.00 in one day ---------------- from $85.00 down to $80.00.

holeinone1972 · April 24, 2011 12:26PM

UUUGGHHH I am soooooooooooooo sick.

Sold good, but not good enough.

CaptHenway · April 24, 2011 1:18PM

+$1

canadanz · April 24, 2011 1:49PM

It's crazy. I can't buy silver fast enough to keep my average purchase price down. Ugh.

keyman64 · April 24, 2011 2:02PM

Last year and this year were clearly the years to be 'investing' in schlock and widgets made of silver!

OnlyGoldIsMoney · April 24, 2011 2:41PM

I have been piling it on since October 2010. Waiting for the dip is not a reliable strategy anymore.

AnkurJ · April 24, 2011 2:45PM

Still going....over $48 now.

BigE · April 24, 2011 2:53PM

I dont know why, I have a lot of silver, but these price increases actually make me sort of nervous

-------BigE

cladking · April 24, 2011 2:58PM

<< I dont know why, I have a lot of silver, but these price increases actually make me sort of nervous

-------BigE >>

I don't like it either but it's starting to play out as expected. I guess what I
don't like about it is that it's going to make a mess. A lot of shenanigans are
going to be exposed among some very powerful people.

It seems gold is responding in sympathy largely because of the destabilizing
effect of silver increasing.

BigE · April 24, 2011 3:02PM

The dollar is actually up about .20 over what it was earlier this evening, and still the big increase!----------BigE

canadanz · April 24, 2011 3:02PM

$48.50 now. This is starting to get really crazy. I don't mind a run up on, but $1.85 / 4% in a couple of hours since trading opened? Makes me nervous.

RedHerring · April 24, 2011 3:06PM

Gather around guys and gals. We are witness to a runaway freight train with another gear to go. The silver express has left the station!

BigE · April 24, 2011 3:13PM

49.00

-I think----------------BigE

Kaelasdad · April 24, 2011 3:16PM

49.17, up over 2 bucks....wow

cladking · April 24, 2011 3:22PM

It's a few cents a minute now.

CaptHenway · April 24, 2011 3:29PM

Kitco is showing a high of $49.85.

OnlyGoldIsMoney · April 24, 2011 3:50PM

Panic buying. Something I have never seen before. Silver is getting its day in the sun.

robkool · April 24, 2011 4:03PM

It won't be soon till we see the $50 threshold mark...

questor54 · April 24, 2011 7:28PM

<< Last year and this year were clearly the years to be 'investing' in schlock and widgets made of silver! >>

Thank you.

PerryHall · April 24, 2011 9:27PM

Now up $2.50 at $49.11.

BAJJERFAN · April 24, 2011 9:35PM

<< Panic buying. Something I have never seen before. Silver is getting its day in the sun. >>

Who is panic buying that could affect the world price of silver?

CaptHenway · April 24, 2011 9:56PM

<< 

<< Panic buying. Something I have never seen before. Silver is getting its day in the sun. >>

Who is panic buying that could affect the world price of silver? >>

Somebody trying to cover their shorts?

boucharda · April 24, 2011 10:02PM

<< 

<< 

<< Panic buying. Something I have never seen before. Silver is getting its day in the sun. >>

Who is panic buying that could affect the world price of silver? >>

Somebody trying to cover their shorts? >>

...or someone doing something in their shorts

TwoSides2aCoin · April 24, 2011 10:17PM

This makes me want to go fly a

kite.

InternetJunky · April 24, 2011 10:27PM

This has got to stop so I stop feeling so bad for selling almost all of my silver @ $29/ounce

Where's that bubble that is supposed to be popping soon that everyone is talkin' about?

greghansen · April 25, 2011 12:04AM

I'm selling 5% of my remaining holdings every $5 up, and have been since it crossed $30. Have made 4 sales so far ($30, $35, $40 & $45). Looks like another sale @ $50 may be close by. So far, my first sale has been my worst sale...and that's the way I like it!

Bankerbob56 · April 25, 2011 12:16AM

<< I'm selling 5% of my remaining holdings every $5 up, and have been since it crossed $30. Have made 4 sales so far ($30, $35, $40 & $45). Looks like another sale @ $50 may be close by. So far, my first sale has been my worst sale...and that's the way I like it! >>

So what are all of you "sellers" plan to do with your fiat currency known as the US$? When the Federal Reserve begins raising rates to stem inflation you may wish you had your gold and silver back in your pockets!

19Lyds · April 25, 2011 12:17AM

<< I dont know why, I have a lot of silver, but these price increases actually make me sort of nervous

-------BigE >>

Me too!

My concern is that the cost of searching raw coins has now gone through the roof! It's not just about silver anymore, it's about everyday collecting unless your into modern zincolns, nickels and post 65 dimes, quarters and halfs.

Even the lowly 40% Silver Ike Business Strikes and Proofs are gonna be tough to randomly search unless you're willing to invest hundreds of dollars into the venture.

Not only that, but what IF, the melt bucket is real?

MsMorrisine · April 25, 2011 12:28AM

about $3 intraday haircut in 15 minutes or less.

wild ride.

great time for shorts to hit hard. it ought to really shake the longs to lose out from $3 up to a only a couple of dimes up.

LVGT · April 25, 2011 12:40AM

Volumes are enormous.

ModCrewman · April 25, 2011 12:46AM

IMHO the real test will be to see if it can push through the $50 barrier when we get there...the first attempt today doesn't look too promising...the question is how many sellers are out there at $49.XX.

OnlyGoldIsMoney · April 25, 2011 12:50AM

<< about $3 intraday haircut in 15 minutes or less.

wild ride.

great time for shorts to hit hard. it ought to really shake the longs to lose out from $3 up to a only a couple of dimes up. >>

I sold my SLV ETF shares at market open. Glad I did. Rinse and repeat.

keyman64 · April 25, 2011 12:50AM

Lot of selling pressure as silver was closing in on 50. Now it is down .48. It will get probably get to 50(not today) but there is a lot of selling pressure the closer it gets.

scottgardener · April 25, 2011 3:33AM

It has gotten so crazy that for going to coin shows, I am now saving up silver rather than money. I buy silver each week, with the idea of cashing in shortly before the show. I just hope I don't get smacked with a big correction right before the big show in July, happening in, fittingly enough, Las Vegas.

MsMorrisine · April 25, 2011 12:46PM

$46 silver... gone

$1500 gold... gone

will they return?

when?

AUandAG · April 25, 2011 1:06PM

I'm buying on Wednesday. Stacking up!

bob

MsMorrisine · April 25, 2011 3:15PM

$45 silver gone.

down over $2

this may be an initiated shake out, or it may be valid profit tanking.

We'll see.

I wish I had hedged a little yesterday.

Silver up another dollar

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