My spot chart says $51.75 Silver this AM

Discussion in 'Bullion Investing' started by abuckmaster147, Oct 9, 2025.

  1. -jeffB

    -jeffB Greshams LEO Supporter

    No, it contains the silver whether I sell it or not. :rolleyes:

    But to get $3.90 for it, yeah, I'd need to find a buyer. Dealers certainly aren't offering full spot for 90% right now. And getting that silver into a good delivery bar to be sold at spot price - well, that would involve a lot of extra steps.
     
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  3. Barney McRae

    Barney McRae Well-Known Member

    I know a guy who owns a pawn shop, and he is melting down everything but the kitchen sink, sterling silver, necklaces, bracelets, 90% silver coins, you name it.:D
     
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  4. -jeffB

    -jeffB Greshams LEO Supporter

    This one has a lot of gold on display. They talk about sending stuff to be melted, too, but I think they've got enough buyers now to justify putting the stuff out.
     
  5. Barney McRae

    Barney McRae Well-Known Member

    The person I know is one of those "Sheldon Cooper" types, (only straight).:p He's a wizard, doing his own melting himself.
     
  6. -jeffB

    -jeffB Greshams LEO Supporter

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  7. Barney McRae

    Barney McRae Well-Known Member

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  8. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Holy crud. Silver is climbing a dollar a day. I don’t know that I have ever seen that.
     
  9. -jeffB

    -jeffB Greshams LEO Supporter

    Pretty sure it did this in March 2011. It fell back, but never to the single digits of the mid-80s to mid-2000s.
     
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  10. Barney McRae

    Barney McRae Well-Known Member

    Uncharted waters! Sail carefully captains! My magic 8 ball is broke'd. It may retreat back to mid 30's or go straight to 100. Not sure I want to see the later, because that's a sure signal sum tings seriously wong! :eek:
     
  11. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I have....I think it ran a few dollars a day and even $10 one or two days in 1980 during the Hunt Bubble.
     
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  12. Heavymetal

    Heavymetal Supporter! Supporter

    And the Hunt Brothers didn’t have a 4 year worldwide silver deficit. Demand going up, supply steady at best. And with interest rates going down, cost to invest in silver goes down.
    Saying it again, silver price is spring loaded.
     
  13. abuckmaster147

    abuckmaster147 Well-Known Member

    IDK Chicken Little was Just running through my yard, :)
     
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  14. -jeffB

    -jeffB Greshams LEO Supporter

    Hey, just a week and a half it was good news to see silver headed for $50. Now it's heading for $50 again and it's bad news? :rolleyes:
     
  15. abuckmaster147

    abuckmaster147 Well-Known Member

    OH No Not Bad At All, Just a $2.17 hit is all, Lol
     
  16. abuckmaster147

    abuckmaster147 Well-Known Member

    I am holding onto a set of Panda's like 2012 through 2020 That I think may go But Spot needs to level before anyone will Take I think.
     
  17. GoldFinger1969

    GoldFinger1969 Well-Known Member

    But is it ? Could be...but also delivery could be made through production, institutional sales, retail selling, etc.

    It's VERY RARE to find a short situation in any market -- or one of these "short metal, long paper" situations -- that leads to a rocket move up. Usually, they tend to fizzle out. These situations tend to be the NORMAL position not an abnormality that automatically leads to a rocket move up. Same thing with contango and backwardation which can persist for long periods of time and/or fizzle out.

    The silver "deficit" can persist for many more years....resolving itself bit-by-bit over time. I don't know. But not only do we need to see this "short covering" but we need to see it in a quantifiable time frame. If silver doubles in price in 5 or 7 or 10 years, that really doesn't help us here in October 2025, right ?

    A situation like Gamestop (GME) is a 1 in 10,000 anomaly. Perfect situation....like a non-HR hitter hitting 2 Home Runs in one game because he just happened to be facing the 1 pitcher his swing levels out against and can drive the ball. Then he goes another year and a half without a HR. :D
     
  18. Clawcoins

    Clawcoins Damaging Coins Daily

  19. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Eh....if this was a REAL squeeze, you'd see a move somewhat similar to January 1980. :D
     
  20. abuckmaster147

    abuckmaster147 Well-Known Member

    Chicken little is still running around the yard squawking.
     
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