Silver Is On A Tear Today

Now at $57.25 in overseas markets.

 

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I remember that but I never sold. I still have all that I bought. It was a save it for my retirement thing. I’m retired and have been for over 8 years but I still haven’t sold. I only sell a few coins in my antique shop and I’m getting good prices.

 

Why would you short it? It keeps going up. It’s over $57.00 an ounce.

 

Maybe there are situations where shorting is a good strategy, but no one has ever convinced me of it.

When you short, your maximum profit is 100% (if the thing you're shorting goes to zero), and your maximum loss is unlimited. I'm buy-and-hold oriented, so that's the exact opposite of what I want.

 

I just looked again and it now $57.75.

 

Moving from "will it hit $60 in 2026" to "will it hit $60 tonight"...

 

It should hit $60 before the end of the year.

 

I'm not betting against it!

 

Me neither. It wouldn’t take much to get there. I will not be holding my breath either. I think a lot of people will sell at the $60 level.

 

Can't Hardly wait till it retracts........how low will she go... where she settles nobody knows.

 

For many years I had planned to sell most of my silver when it went to $50. Now I'm too lazy to get it done.

 

Wait till 2026. January 1st is when China clamps down on exports. China is the second largest silver producer globally and they are shutting down exports. The party is just getting started.

 

That is the second time I have heard this...
There is a coin show in Tucson Arizona in late January that I'll try to get to again this time.
If china does what it does, that may be my tipping point to sell something.
Have been considering getting an Instagram account and looking for End user collectors to get the ball rolling on the more vintage silver bars.
Max profit potential and all...but then what to do with the paper greenbacks?

 

Convert them to singles, and hang on to them until their fuel value exceeds their face value?

 

Buy and/or pay down debt on productive residential real estate.

 

Another one of these and silver will be 60 an Ounce

 

Sold a chunk of my stack today. Felt like profiting $40 per ounce even if it continues to climb feels pretty good.

 

If you don't mind sharing, where'd you sell it (in general terms - local shop, local individual, online dealer), and what were they paying relative to spot?

 

Coinflation currently shows 42x for minor coinage, and $45 for Morgan and Peace (and modern 90% commemorative) dollars.

I wonder what buy prices are for the newer .999 commemorative dollars relative to the older 90% commems?