silver closing in on $27 an ounce today

$26.86 at 11:10am 11/5/2010 :hail:

It was at $23 last week ... so it's up nearly $4 an ounce in a week ...

 

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just started a thread on this too!

 

The silver high for today ended up being $26.95 according to Kitco.com.

 

Well there's a good reason silver is at $26. It's because I sold 13 ounces at $21 each.

 

I noticed you are in CT, any local coin dealers in CT or did you sell online?

 

This is exactly why silver is not done going up ... everybody that i know or hear about is selling ... or thinking about selling

 

it might have to hit $30.00 before it come back to $27.00.

 

I can see that. The dips don't bother me anymore. It feels like 2 steps forward, 1 step back.....

 

i
know there is a lot of uncertainty in the market right now, but I think silver is rising too much, too fast. I can't help but think the bubble will burst eventually. People are going to start dumping at a magic number, and cause silver to slide. Then people will continue to cash in as they see silver starting to fall, further adding to the crash. I'm not predicting this, but I think it is definately a possibility as the economy starts to rebound.

 

Well, not according to Chris Weber (Weber Global Opprortunities Report):

"my old forecast of $187 per ounce doesn't look so wild now..."

 

A new thread for $20! A new thread for $25! A new thread for $26! How about skipping the rest. I think everyone here knows how to read a precious metals chart.

Chris

 

silver has past $27 it has made a high of $27.05

 

$27.50 now ...

 

Gold passed $1400 today.....it's getting harder and harder to get into the PM game as these prices are rising slowly but surely......

 

i heard on the news that some leader in some country was talking about going back to the "gold standard" ... didnt hear the details ... just caught the end of the story on CNBC ... seems like a thin news items to make everything pop like that ... pretty amazing price movement though

 

I know parts of Malaysia have gold and silver coins struck. They are Islamic and they believe the Koran dictates "real money".

 

http://finance.yahoo.com/news/World...8.html?x=0&sec=topStories&pos=2&asset=&ccode=

This may be what you saw.

 

bingo ... that's it ... thanks for posting

 

up 88 cents today.....Wow. $27.64

Melt values:
dime: $1.9994
Quarter: $4.9986
90% Half: $9.9972
40% Half: $4.0877

How high will it go? Time to sell some?

 

silver items

wow the price is going up. i think ill hold on to my silver cutlery for a while to see where it goes i have a bunch of knives and spoons and folks some very old, some pure silver just about , and others a combination of silver and some other metal..looks like coin scarcity is on the way. will next years pricing books show a silver coivalued at more, how do they judge this pricing..