Silver Strapped To A Rocket Today

Boy o boy silver spot price is on the move!
Up 5.82% as of 10:38 Eastern.
Too bad as I was planning on hitting the LCS after work today to pick up some junk.

 

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Un-stable markets, rising inflation from bad bills are all leading to higher precious metals at this point.

 

The bank failure caused this.

 

Their loss,my gain. View attachment 1545414

 

Still down 15% for the last year.

 

Treasury yields and bank stocks are tumbling, PMs and crypto are soaring. It'll even back out in a week.

 

It goes up and it goes down. It goes down and it goes up. Playing the market, PM’s or anything else for investment is like watching a yo-yo.

 

I'm at a loss to explain why silver's outpacing gold, though.

 

Percentages are the perception.

 

True that. I don't pay a great deal of attention to it. Very few short-term investments pay much.

 

Very true.

 

No surprise, due to the local banking
debacle all PM,S are way up, got a text
from APMEX of suite high demand.

 

The bank failures have virtually nothing to do with the banks most people use. As soon as stock buyers figure that out, the national bank stocks will rebound. It might even be a golden buying opportunity. I’d shy away from the regionals, though.

 

I had a customer today pay with a corporate card from SVB - the transaction went through.

 

Not enough,if it went up to $24-$25 I would probably sell some.Extra money would be nice at this time for me.

 

Wow. Never thought about that. If SVB cannot back the transaction, does that put you at risk?

 

I don't know, I guess if it went through, we got the funds. Their company sent out a message saying their cards would still work. I don't know the details though.

 

UBS apparently has a deal to take over SWB, according to the Wall Street Journal.

 

That should give Uncle Jay enough cover for another quarter point raise in rates. And then it’s all about the guidance the Fed gives.
Maybe a brief pullback on PMs but that’s our chance