Seems there’s no stopping Silver & Gold!

[Sand Swinger]

Hang on to your Silver & Gold rings & bling guys & gals, prices have been rising steadily almost every day.

Silver is currently at $49.42/oz. It passed $49/oz briefly on Monday, and as usual, the price has been doing the up & down dance for the last 2 days. After dropping a dollar or so yesterday, it’s back up over $49/oz and is starting to inch closer to $50/oz. In the last month, Silver has risen $7.91/oz.

Gold is currently at $4,066.60/oz. It crossed $4,000/oz yesterday, price has been doing the usual up and down dance, but it’s now solidly over $4K and moving closer to hitting $4,100. In the last month, Gold has risen $415.20/oz.

 

[pepperj]

From a gold/silver buyer/seller.
Speculation-possible
Though I could look back a ways and the prediction of where it was going has been met and passed.
So who really knows, but silver ratio to gold is to high.

 

[Sand Swinger]

From a gold/silver buyer/seller.
Speculation-possible
Though I could look back a ways and the prediction of where it was going has been met and passed.
So who really knows, but silver ratio to gold is to high.
View attachment 2228293

He's actually conservative with the silver estimate of 100-200. I have a little birdie who is connected to a much, much larger and more powerful birdie, and he's saying silver will reach mid 3-figures in the not-too-distant future.

 

[Gold:Au]

I don't know the first thing about economics, which is possibly why I find this graph so fascinating.
It suggests that an investment 5 years ago in either the stock market, silver, or gold, you would have doubled your money. Copper would have been the same if a tariff on copper products had not been announced earlier this year.

From what I understand, a performing stock market indicates investor's confidence in the economy, while a rising gold price indicates investor's lack of trust in the economy.
My take is that there is either a not insignificant number of investors who are hedging their bets, prepping for the crash while riding the market all the way to the end, or that banks and nation states see the writing on the wall and grabbing the lifeboats while the small and medium sized investors are wondering why their deck chairs are sliding towards the stern.
It may even be both.

 

[pepperj]

He's actually conservative with the silver estimate of 100-200. I have a little birdie who is connected to a much, much larger and more powerful birdie, and he's saying silver will reach mid 3-figures in the not-too-distant future.

I just realized that these posts were from October 8, 2025 stating where the 3 digit highs would happen. ( wonder if anyone catches this timestamp?)
Well I guess it actually did, then the pullback happened.
Though it's slowly creeping back up now.
There might not be anything stopping it now from a steady rise.

 

[LawrencetheMDer]

There is always profit taking and thus the dips. The Deficit, uncontrolled spending and falling US dollar says it all - KEEP GOLD AND SILVER. I also have gold mining stocks. Soooo sorry I sold so much gold and silver last year at this time. Hold hold hold and away gold goes...

 

[pepperj]

I received my Devil Forge in today. Just another step closer in doing my own metals and bringing them up to a purer level. The margins that we have to eat between spot and selling a lower Kt or .925, and a .999 is very profitable.
Buy from the public, upgrade the quality, then sell it for an increased profit.

 

[surfnturf]

I received my Devil Forge in today. Just another step closer in doing my own metals and bringing them up to a purer level. The margins that we have to eat between spot and selling a lower Kt or .925, and a .999 is very profitable.
Buy from the public, upgrade the quality, then sell it for an increased profit.

That’s pretty cool. Reminds me of when I used to make my own 45 and 9 mm bullets.

 

[pepperj]

Received the confirmation on my automatic jaw crusher today. Yesterday get more glass in. Slowly putting the ducks in a row. Might be a busy weekend picking up buys, and seeing folks about what they wanting to sell.

The week ended on a good point.

 

[LawrencetheMDer]

Just found my first silver quarter on the west coast of Florida...hard to imagine that it is worth $20.00!!!!
Can't write any more, gotta get back to metal detecting...