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!

 

[ARC]

Silver is totally struggling to maintain it's current level of $93.80
Still buying

Its not struggling.
Its exactly where it should be after the big sell offs.
This week will be the 100 i spoke of unless more big sell offs IMO.

 

[Sand Swinger]

Its not struggling.
Its exactly where it should be after the big sell offs.
This week will be the 100 i spoke of unless more big sell offs IMO.

I think $95, and most definitely $100, may well be the point of no return for those paper traders trying to manipulate and keep Silver prices down. They may have been able to drink water from a gallon jug, but trying to drink water from a fire hose is a totally different matter, lol. It will hit a price that the traders will no longer have any control over or hope of being able to manipulate. The free market is taking over, and the people/buyers/industry will be determining the true value based on what they're willing to pay.

 

[ARC]

I think $95, and most definitely $100, may well be the point of no return for those paper traders trying to manipulate and keep Silver prices down. They may have been able to drink water from a gallon jug, but trying to drink water from a fire hose is a totally different matter, lol. It will hit a price that the traders will no longer have any control over or hope of being able to manipulate. The free market is taking over, and the people/buyers/industry will be determining the true value based on what they're willing to pay.

Is not just paper man...
People are and have been selling physical left and right.

 

[ARC]

Is not just paper man...
People are and have been selling physical left and right.

You gotta remember... for big players... this is just money to be made.... buy sell repeat.
Do it all over again tomorrow.. and the next and the next.. because and only because... IT IS what they do.
No emotions... no speculations.... no holding... it is ONLY about money today.
The bottom lines... the stockholders... etc.
Also...
The stackers from days of old are dumping...
many recent stackers that bought in when premiums were high are recouping.
And then.... there are all those smart ones that are dumping just enough to take the cream.
This is their target OR they need the money

 

[ARC]

You gotta remember... for big players... this is just money to be made.... buy sell repeat.
Do it all over again tomorrow.. and the next and the next.. because and only because... IT IS what they do.
No emotions... no speculations.... no holding... it is ONLY about money today.
The bottom lines... the stockholders... etc.
Also...
The stackers from days of old are dumping...
many recent stackers that bought in when premiums were high are recouping.
And then.... there are all those smart ones that are dumping just enough to take the cream.
This is their target OR they need the money

Oh and lets not forget about all the MEGA amount of "non-believers" that are heavily cashing out...
They have been waiting for this chance for a long time.

 

[ARC]

You can always use one thing to gauge if silver is being sold off heavily.

Refiners.
When they are bottlenecked up and not taking certain types... OR limits... OR not talking it at all.
This is major problem now.
You may own it...
But try and sell it for close to spot... OR in some cases at all. (private buyers are the only way at times)
This will resolve on day... but it will continue to get worse before it gets better.
Good luck

 

[Sand Swinger]

Finally, Silver hits $95oz, and Gold is within $10 or so of hitting $4,700.

 

[ARC]

Personally... i do not think much is going slow it up anymore unless some major thing happens.

 

[newnan man]

I'm just looking at my safe & smiling. I'm not selling anything till all this $hit gets settled out.

 

[ConceptualizedNetherlandr]

Precious metal prices speak to the stability and value of the $.

 

[pepperj]

Its not struggling.
Its exactly where it should be after the big sell offs.
This week will be the 100 i spoke of unless more big sell offs IMO.

I was baiting with that comment. Glad I got a bite.

 

[ARC]

Finally, Silver hits $95oz, and Gold is within $10 or so of hitting $4,700.

View attachment 2241523

I thought we went through this... heh yur using some site again

Silver has NOT hit 95 ever.

 

[pepperj]

 

[ARC]

View attachment 2241564

Yep.
Sand is going by some padded site.

 

[ARC]

And really that is off too peppes...
The TRUE world spot price...
94.80
And futures - 94.70 .... WHICH is a backwardation.

Silver is actually worth $94.22

 

[surfnturf]

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

just seems like yesterday silver was $60 an ounce 😂

 

[ARC]

And really that is off too peppes...
The TRUE world spot price...
94.80
And futures - 94.70 .... WHICH is a backwardation.

Silver is actually worth $94.22

edited

 

[Sand Swinger]

I thought we went through this... heh yur using some site again

Silver has NOT hit 95 ever.

Yeah, we did go through this, but after checking several sites, I like the APMEX site, larger fonts nice layout. Guess I just want to use what I want to use. Some of the other sites have small charts with much smaller numbers, harder to see for my eyes.

 

[Sand Swinger]

Yep.
Sand is going by some padded site.

Seems every site I've checked has pricing different from the next. I use APMEX as an initial gauge, it's all futures pricing anyway. But the typical movement trend that I've seen over the last several months is that Silver will hit the next highest dollar amount on APMEX. Then, it will back off and dance up and down all throughout the day. But it's the fact that it did hit that higher dollar amount is what I'm looking at. Because once it hits that amount, it may dance up and down, but it will work its way back to that higher amount. It will stay there for a bit, continue dancing up and down, but then it will start heading for the next highest dollar amount. That's been the trend I've been watching for the last several months, but over the last week or two, Silver's been jumping multiple dollars daily, so things are steadily moving upwards.

 

[Sand Swinger]

just seems like yesterday silver was $60 an ounce 😂

Yeah buddy, my first post to start this thread was back on Dec 9th when Silver crossed over $60. We've come a long way in a little over a month.