Silver Is On A Tear Today

I expect a full recovery and a price spike to boot! Triple digits by first quarter 2026 or sooner.

 

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No kidding.... This has been a few years back.... My SBD is in a little bank in the curve of a fairly major route into town. Some years back a fellow driving had a heart attack and his car veered directly into the side of the bank. It destroyed the managers office and almost got into the SDB room. I think those walls were reinforced and stopped the careening car.

 

One more leg down today
Ready, aim…

 

And, you know... even if my gold ended up serving as ablative armor to help keep a car from hitting an actual live person, I'd be okay with that. At least for most actual live people.

 

I just read the Libretto and it ain't over till the fat lady sings........

 

It doen't seem to be getting worse. Down $6.03 at 12:14. Maybe Gollum is getting ready to transition to Smeagol.

 

Bullion site's are low on physical silver. A great deal of the Available silver on Apmex really isn't available lol. Lots and lots of items marked Pre Sale meaning they dont have it but are expecting it. Anywhere from a couple days wait to over 30 days.

Apmex
These items are on a slight delay with an expected ship date of January 30, 2026. Your entire order will ship upon their arrival.

 

Possibly earlier if prices fall enough after you order.

 

It’s not the end of the world. It’s only one day of trading. Friday it was up. Today, it’s down. Supplies are short and next year starting January 1, China will no longer export silver. I expect prices to continue their climb upwards.

 

if you look at the stock market you'll see that it is down too.
Probably people selling before the end of the year for readjustments for the new year.
I put in sells as soon as the market opened. After a few days those will clear and in Jan 1 I'll be able to move the $$ into the Roth account and reinvest in the same things ... ie Portfolio Rebalancing.

 

Yea as far as I know there is a waiting period on sales to make sure they do not pop stolen. And I also Believe Ampex still has a $1,000 for you to sell to them while others went to $3,000 I may Go with Ampex with what little I have left if prices straighten out a bit.

 

That and possibly big institutions shorting even more to suppress the price out of sheer desperation, digging their hole even deeper. It's been crazy, but remember, less than a month ago it was trading at 58 spot. Nothing goes straight up.

 

It's not the delivery that is causing the margin to go up....it's the heightened VOLATILITY.

If all the buyers were real buyers paying 100% cash...no issue, right ?

 

No, but it puts an end to leveraged buying. Raising margin requirements is ALWAYS legal, Eric -- it's spelled out in the brokerage agreement.

When did speculators think they'd be raised, when the price was falling and/or doing nothing for months or years ?

The exchange doesn't care if silver goes up or down. They're like a bookie -- they benefit from trading, not the price.

If the super-bullish reasons for silver to go to $150 or $300 are legit, then something like this is a non-entity.

 

There might be a hedge fund shorting but I don't know what "big institutions" you are talking about, Barney. It's definitely not the banks, let's get that conspiracy nonsense out of the way.

I don't know who would step in front of a moving train and risk more losses to "suppress" the price. It's not what you do; see, Gamestop (GME).

Now, a state actor or a big player could be short and covering. We won't know.

Look for a casualty, a hedge fund caught short or having a run. The problem is silver has many opaque players like central banks, authoritarian regimes, etc.

It's tough to track the physical flows and the true net long and net short positions globally.

Unless you want to trust Putin and the Chinese Communist Party.

 

The IRS Wash Sale Rule prevents you from purchasing the same or substantially the same security within 30 days before or after a sale.

This rule is enforced to disallow artificial tax losses. You are required to wait 31 days after a sale before buying the same or substantially the same security.

 

Just like JP Morgan Spoofing the Market was legal. They price rigged the markets for over a decade while stockpiling the World's largest Physical Silver Stash, made a Trillion and only got fined 1 Billion when they admitted to illegal spoofing. They got a fine a slap on the wrist and a few of there guys went to jail. Spoofing, illegal churning, Naked Shorting,and about a dozen other illegal tactics are used every day in all Markets around the world.

 

Yes, but only when selling at a loss.

 

It goes up and it goes back down. It will continue to rise in price due to world supply and short demand. Technology is increasing at a rapid rate, solar energy needs silver as do other sources. AI needs energy and where will that come from? Solar panels? With a lack of silver?