Value of our SILVER

[Dozer D]

Does anyone have or know the inside reason for why the price of SILVER has been on a steady decline. Was at mid $16.50's during summer, now just oner $14. I've been trying to watch Bloomberg financials, but don't see anything newsworthy.
Comments

 

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[Holt0222]

Not sure on that but I was wondering why silver price isn’t consistent among all the sellers.

 

[Back-of-the-boat]

Big business is afraid of the trade wars and the economy plummeting so precious metals take the hit.IMO

 

[Kantuckkeean]

Nope. It’s dropping because I bought some at $14.42.

Kindest regards,
Kantuck

 

[Mackaydon]

And I've waited many years for it to get back to $12.
Don......

 

[jailbirdjackson]

The common conception is that PM's are a hedge against inflation. If the Fed is tightening, then inflation and the economy are held in check and there's less need to hedge against inflation. I'd think if the Fed reverses, and stops the tightening or even lowers interest rates, then PM's will benefit.

 

[enamel7]

Generally there is an correction every Nov. We seem to be experiencing that now.

 

[Argentium]

While I admit to being emotionally drawn to gold and silver , I do realize that if you are buying PM's with steady growth over a short term as your goal you could almost certainly do better with numerous other exchange traded funds , or perhaps any number of new cannibus start up companies . I will continue to buy gold and silver because I fabricate gold and silver jewelry , and it is not difficult to sell the finished pieces for between 3 and 5 times cost of raw materials .

 

[jailbirdjackson]

Peter Schiff is a good source for answering this question.

 

[corvettebill]

The price is dropping because the large commercial traders are shorting silver. JPMorgan has over 800 million ounces of,physical silver in vaults around the world that it has bought while the price is so low over the years. If you pull up SilverSeek.com | Silver Price, Buying Silver, Silver News, New Silver Investor, Silver Mining Stocks, Reports, Market Updates, Commentary, Invest, that website follows silver and has reports about it.

 

[Dozer D]

While I admit to being emotionally drawn to gold and silver , I do realize that if you are buying PM's with steady growth over a short term as your goal you could almost certainly do better with numerous other exchange traded funds , or perhaps any number of new cannibus start up companies . I will continue to buy gold and silver because I fabricate gold and silver jewelry , and it is not difficult to sell the finished pieces for between 3 and 5 times cost of raw materials .

Argentium : you say that you fabricate silver into jewelry, do you make anything out of Standing Liberty Quarters ( like ear rings, cuff links, etc), I have a lot of dateless ones that are destined as JUNK SILVER. If you are interested, I'll keep you in mind.

 

[Red James Cash]

The price of precious metals always stays the same.Its the fiat garbage currency is what goes up and down.when the worth of the garbage goes up precious metal prices drop.If the worth of the garbage goes down precious metalsrise in price.

 

[Coincrazed]

We can only hope that it continues to tank. I’m currently laughing at the sharks that were pushing everyone to buy at the top; I’m laughing even harder at the number of poltroons and self-proclaimed experts on YouTube with absolutely zero concept of investing telling their crowd of followers that at any given time is time to buy. Silver price is $35 an ounce? Time to buy. Silver price at $18 an ounce? Time to buy. Blah. Blah. Blah. Blah. Also, if Silver keeps dropping and stays down for an extended period of time, CRH may get better. We’ll hopefully have less of the damned get rich quick roll hunters only looking for a quick buck. Maybe even the number of YouTubers raving about how to make money finding Silver will finally shut the hell up.

Another case in point somewhat unrelated, I remember as a teen back in 2010-2012. Everybody, And I mean EVERYBODY foolishly and erroneously made the statement that “1916-D Mercury Dimes and other key date coins are only getting more expensive, they are not going down in price.” The past 5 years proved that wasn’t the case. What used to be a $1K coin in good, can now be obtained for $700-$800. $1500 in VG, now $1200-$1300.

“A fool and his money are soon parted.” - Thomas Tusser

“If you tell a lie big enough and frequently enough, it will be believed.” - Joseph Goebbels

“The masses have never thirsted after truth. They demand illusions, and cannot do without them. They constantly give what is unreal precedence over what is real; they are almost as strongly influenced by what is untrue as by what is true. They have an evident tendency not to distinguish between the two.” - Sigmund Freud

 

[CaptnJohn]

Did coin roll hunting in the early 1960s for dated coins. Started buying gold long ago. The last 1 oz Eagle I bought was $1380, the first $270. Same type of stuff with silver I just buy a roll of silver eagles. When I die and the kids go to the bank vault they will be selling it all.

 

[Peyton Manning]

The price of precious metals always stays the same.Its the fiat garbage currency is what goes up and down.when the worth of the garbage goes up precious metal prices drop.If the worth of the garbage goes down precious metalsrise in price.

Red, I expected you to blame china

 

[LooseChange]

Right now, everyone who hoards precious metals should be trading all of their physical gold for physical silver.

The ratio of spot price right now is 85:1 - that is about as good as it ever gets.
Sometime within the next 10 years, the ratio will flip to 50:1.

If you were on the correct side of the trade each time, you would increase your PM holding by 70% with no risk. Obviously dealer margins and premiums get in the way of the theoretical gains, but there is enough swing to get some free PM by this method.

If, today, you have 1/2 oz gold eagle ($1200 per oz spot = $600), trade it for 40 silver eagles ($14 per oz spot = $560).
In 10 years, trade your 40 silver eagles ($50 per oz spot = $2000) for 3/4 oz gold eagle ($2400 per oz spot = $1800). You got 1/4 oz of free gold.

 

[fistfulladirt]

All the markets today are rigged. Banks are fined for shorting PM’s, they pay a small fine, back to business as usual.

 

[Zomotion]

$14/oz or $50/oz.... I buy my silver at face value

 

[DeepseekerADS]

Sorry guys, it's my fault. I'm still holding some 1979 $50 silver. After it fell I knew I'd put a forever curse on the market

 

[Mackaydon]

Deep,
Your 'curse' is working in my favor; i'll pull the trigger when we get in the 12s.
Don.....