Silver is Going Crazy!!

[Sand Swinger]

Silver crossed $60/oz today and it’s now just a few cents away from hitting $61/oz. It's gonna be a wild ride!

 

[russau]

Today i got gold in ten minutes and left on the high note.....a ten minute hunt !! Get up early....make a quick check....and quit in time for breakfast !! View attachment 2239061
What a year....kinda started slow, and then crept right up there with other summer seasons.

NOTHING IS TOTALY FREE ! It cost you time /fuel /labor/ a detector ETC. . CONGRATS on your finds !

 

[ARC]

It will be interesting to see who's holding the bag (or empty sack) when it does take a dive. Back when the Hunt brothers ran it up to $50oz, in the early 80's? some people got hurt with that when it crashed.

The Hunt Brothers was an artificial / manipulated rise.
Not the same as what is happening now.

 

[newnan man]

Patience my friends. There is still a massive shortage of silver. Those holding paper silver are just trying to keep from losing too much.

 

[Blak bart]

NOTHING IS TOTALY FREE ! It cost you time /fuel /labor/ a detector ETC. . CONGRATS on your finds !

I agree 100%....but....im typically gonna get fuel, and lunch anyway during my day, and my detector costs are earned back with the first few golds. As for the labor part....well we all know its a labor of love....the treasure is in the hunt !! The reward is free gold and silver. I guess I enjoy finding silver and gold much more than buying it as an investment. I tend to look at that detector cost as my gold and silver investment money 💰 .... I just fell off a sea wall with my detector....the detector was destroyed, but broke my fall and absorbed all the energy.....so now I will have to pay and reinvest in gold and silver. This last machine was special, and I was able to find a platinum Tiffany ring on the first hunt.....technically that find alone is worth 4 -5 brand new minelab eqx 600s !!

 

[Blak bart]

Well....after deep thought....ive come to think that I could have sold that wonderful ring for the 3500 offered for it, and bought 3500 worth of silver that would be worth quite a bit more.....but again thats a should, coulda, moment....I still have that platinum and its value has risen too....all this thinking is harder than me just going out and finding more....no speculation or wondering....just keep stacking until needed !!

 

[cudamark]

The Hunt Brothers was an artificial / manipulated rise.
Not the same as what is happening now.

Absolutely, but, a lot of people jumped on that band wagon until the bubble burst. Early on, The Hunt brothers connection wasn't known by most, just that silver was going up.

 

[Johnnybravo300]

Just think of the price when we start using the new Somali Dollars!

 

[Johnnybravo300]

And when the Fed becomes the buyer of last resort, watch out.

 

[Pol Bones]

People usually underestimate their costs by a lot...
Just ask anyone how much a mile by car costs. XD Most people are not even close to know that.
Also not selling HAS a cost, the money lost from not having this money used for investments.

Side note on silver : Silverware value is still close to nothing, which is fair.

NOTHING IS TOTALY FREE ! It cost you time /fuel /labor/ a detector ETC. . CONGRATS on your finds !

 

[Mackaydon]

Pol,
Plated silverware is valued next to nothing is correct, but Sterling silverware has substantial value.
Don in SoCal.

 

[Paul Revere’s Ghost]

Silver crossed $60/oz today and it’s now just a few cents away from hitting $61/oz. It's gonna be a wild ride!

View attachment 2236822

Silver crossed $60/oz today and it’s now just a few cents away from hitting $61/oz. It's gonna be a wild ride!

View attachment 2236822

You’re talking about paper silver. You can’t get real silver for that price. I was just looking at it and search around. The average round is 80 bucks if you want it in your hand. Screwtube is saying the refineries don’t want scrap. Well go see what $5 face value of dimes will cost you and divide by 50. You’ll be putting on your long John’s and heading for any ground not frozen to dig. This is it. What you’ve been waiting for. Like Mel Fisher said, “Today’s the day.” Happy new year. Happy hunting. Peace be with you. 🍿

 

[pepperj]

You’re talking about paper silver. You can’t get real silver for that price. I was just looking at it and search around. The average round is 80 bucks if you want it in your hand. Screwtube is saying the refineries don’t want scrap. Well go see what $5 face value of dimes will cost you and divide by 50. You’ll be putting on your long John’s and heading for any ground not frozen to dig. This is it. What you’ve been waiting for. Like Mel Fisher said, “Today’s the day.” Happy new year. Happy hunting. Peace be with you. 🍿

You're quoting him from Dec 09.25 which is like that's history in what silver has done since then.
It's up 28% and sits at $73.90 as I write this.
Is somebody even going to sell a round for $80?
Today's price is $87.64 for an Eagle and $88.64 for a Maple.

 

[pepperj]

Pol,
Plated silverware is valued next to nothing is correct, but Sterling silverware has substantial value.
Don in SoCal.

Happy New Don
I have fell down that rabbit hole in figuring out what plated items are really worth.
Not much in comparison to actual .925 cutlery.

Standard Hotel cutlery can contain 40 grams of silver per 24 pieces
Trays, tea pots etc. can be plated even heavier as they're subjected to more handling as in polishing and to prevent denting.
A 10-pound silver-plated tray contains approximately 45 to 91 grams of pure silver. At current 2026 market prices of roughly $2.42 per gram, this silver has an intrinsic value of approximately $109 to $220 USD, though extraction costs usually exceed this value.

Al, EPNS plated items contain -1-2% silver
The thing is if one has a hundred pound of silver plate there's the scrap value of the base metal. The silver content is what one has to start thinking about now that the prices has made it worth while.

 

[Sand Swinger]

You’re talking about paper silver. You can’t get real silver for that price. I was just looking at it and search around. The average round is 80 bucks if you want it in your hand. Screwtube is saying the refineries don’t want scrap. Well go see what $5 face value of dimes will cost you and divide by 50. You’ll be putting on your long John’s and heading for any ground not frozen to dig. This is it. What you’ve been waiting for. Like Mel Fisher said, “Today’s the day.” Happy new year. Happy hunting. Peace be with you. 🍿

Yes, APMEX shows the spot price for paper traded silver. But paper silver is just money moving around and people thinking that they own "Silver". The problem with paper Silver is when investors start demanding physical delivery. Historically, only about 1% of investors holding paper request physical delivery. That's always worked in the past, as there was enough supply for the traders to get silver for those demanding delivery. But in today's market, physical Silver is scarce and is staring to approach unobtanium status.

With an increasing number of investors demanding physical delivery, the traders aren't able to actually deliver physical Silver to those requesting delivery. That's why those paper contracts have a Force Majeure clause, which is a weasel clause that allows traders to weasel out of the contract by paying the investors back, but at a price they select, which can be lower than spot price. IMO, the true value of Silver is what you actually have to pay to acquire a physical ounce. Spot prices are fun to watch and use as a gauge, but they're meaningless if you can't actually purchase an ounce of Silver at that price.

 

[Sand Swinger]

Is somebody even going to sell a round for $80?
Today's price is $87.64 for an Eagle and $88.64 for a Maple.

Exactly, regardless of what the "spot" price shows, that price is based on paper trades, which is how the market was able to be manipulated via smoke and mirrors. They're selling and trading "Silver" that doesn't actually exist, and that they won't even be able to deliver. Personally, I don't know how that's even legal, but apparently it is. Don't need to be a Rocket Scientist to know that the real value of Silver is what is it actually selling for, i.e., how much do you really have to pay to get a real, physical ounce in your hand.

 

[Blak bart]

Yes, APMEX shows the spot price for paper traded silver. But paper silver is just money moving around and people thinking that they own "Silver". The problem with paper Silver is when investors start demanding physical delivery. Historically, only about 1% of investors holding paper request physical delivery. That's always worked in the past, as there was enough supply for the traders to get silver for those demanding delivery. But in today's market, physical Silver is scarce and is staring to approach unobtanium status.

With an increasing number of investors demanding physical delivery, the traders aren't able to actually deliver physical Silver to those requesting delivery. That's why those paper contracts have a Force Majeure clause, which is a weasel clause that allows traders to weasel out of the contract by paying the investors back, but at a price they select, which can be lower than spot price. IMO, the true value of Silver is what you actually have to pay to acquire a physical ounce. Spot prices are fun to watch and use as a gauge, but they're meaningless if you can't actually purchase an ounce of Silver at that price.

BINGO !!

 

[pepperj]

Exactly, regardless of what the "spot" price shows, that price is based on paper trades, which is how the market was able to be manipulated via smoke and mirrors. They're selling and trading "Silver" that doesn't actually exist, and that they won't even be able to deliver. Personally, I don't know how that's even legal, but apparently it is. Don't need to be a Rocket Scientist to know that the real value of Silver is what is it actually selling for, i.e., how much do you really have to pay to get a real, physical ounce in your hand.

A person just has to ask AI a few simple questions and when it says that the paper is trying to drive the price down...the cat's out of the cage so to speak.

So here's a simple question:
Is issuing large amounts of paper contracts in silver trying to keep the price down


Yes, there is a widely held belief among many investors and market analysts that the issuance of
large amounts of "paper" silver contracts (futures and derivatives largely unbacked by physical metal) is a tactic used by large financial institutions, or "bullion banks," to artificially suppress the price of silver.

Key Insights

• Illusion of abundance: The sheer volume of paper contracts, often estimated to have a paper-to-physical ratio as high as 378:1, creates a false impression of abundant supply, which drives the market price down.
• Price "slams": Large-scale selling of paper contracts often occurs during specific, low-liquidity trading hours (e.g., the New York morning session) to force prices down at key technical resistance levels, preventing natural price breakouts.
• Cash settlements: Most paper contracts are settled in cash rather than actual physical delivery (as little as 1% result in physical delivery), which prevents physical shortages from reflecting accurately in the market price.
• Official convictions: Claims of manipulation are supported by legal cases, including a $920 million fine paid by JPMorgan Chase in 2020 for widespread spoofing (placing large fake orders to manipulate prices) in precious metals markets.
• Disconnect from physical reality: The result is a significant disconnect between the spot price seen on financial tickers and the actual, often much higher, price paid for physical silver in some markets, which has been particularly evident in late December 2025 and early January 2026.

 

[pepperj]

Are the banks involved in this manipulation of lowering the price of silver


Yes, several major banks have been explicitly involved in silver price manipulation schemes and have faced significant legal and regulatory consequences
. These activities involved manipulating the prices of silver futures and derivatives rather than physical metal to their advantage.

Bank Involvement and Penalties

• JPMorgan Chase: In 2020, JPMorgan paid a record-breaking $920 million fine to settle charges brought by the U.S. Department of Justice and the Commodity Futures Trading Commission (CFTC) for widespread "spoofing" in precious metals and U.S. Treasuries markets. Spoofing involves placing large orders with the intent to cancel them before they are executed to create a false impression of supply or demand and manipulate prices.
• Bank of Nova Scotia (Scotiabank): Scotiabank was fined over $127 million in 2020 to resolve criminal charges and settle civil cases related to similar spoofing activity in gold and silver futures contracts between 2008 and 2016.
• Deutsche Bank: Deutsche Bank reached a settlement in a class-action lawsuit for silver price manipulation in 2016 and provided evidence against other financial institutions involved in the alleged conspiracy. The bank had previously announced its withdrawal from the gold and silver price-fixing process.
• Other Accused Banks: Other major financial institutions that have been named as defendants in class-action lawsuits accusing them of conspiring to manipulate the global silver markets include HSBC, UBS, and Barclays.

Market Context
These banks, often referred to as "bullion banks," hold significant power as market makers and clearing members of exchanges like the COMEX and the London Bullion Market Association (LBMA). Critics argue this position has been historically abused to place massive short positions in "paper" silver contracts (futures not backed by physical metal) to deliberately keep prices low and prevent a natural rise driven by physical demand.
While the CFTC closed an earlier investigation in 2013 without finding a viable basis for enforcement action regarding long-term manipulation, the subsequent convictions and fines for "spoofing" confirm instances of illegal manipulation by traders at major banks.

 

[Johnnybravo300]

Yeah they get fined millions but they make billions and then get put in charge of Comex.
Just more under the table bailouts for the top like usual.

 

[Sand Swinger]

Yeah they get fined millions but they make billions and then get put in charge of Comex.
Just more under the table bailouts for the top like usual.

But now, the chickens have come home to roost. The current situation is not an anomaly or affecting just 1 or 2 players, it's hitting ALL of them at the same time. Once they miss margin calls and start getting liquidated, their reputations take a serious hit, and their entire scheme becomes exposed to the masses. Future business for them is questionable as more and more investors learn how they may have been duped and/or manipulated. 1 small rock tossed into a calm lake causes ripples that spread far and wide in all directions.

For the last 35 years, I haven't bought 1 drop of gas from an Exxon gas station, because of what they did and how they handled the Valdez Oil spill 35 years ago.