Silver Is On A Tear Today

Even possibly yaw…

 

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Open for 3 minutes snd dropped a dollar.

 

oops
at least it's rebounding
Gold did the same thing

 

Metals are crushed until the WAR gets resolved. When optimism returns to the world economic future, demand for metals is spring loaded. Keep your powder dry to buy at these levels, Maybe even another 10% lower

 

As nd now it’s back up to its Friday close, minus one cent.lol

 

PMs take a hit with world uncertainty, agreed. It's been a proven pattern over the past two months. However, stability and ongoing inflation move the needle north and marching harder. Once this middle east thing is settled, PMs will continue to go up.

 

Over $85.00 today. You’d think peace took over the world.

 

This is interesting .....

As of May 2026, the U.S. government, in coordination with allies, is establishing a critical mineral price floor system for silver, with reports indicating a target floor, potentially in the $80-$90/oz range, to incentivize domestic production, reduce reliance on Chinese imports, and secure supply chains. The price has found strong support around $70-$80/oz. [1, 2, 3, 4, 5]
Key Aspects of the U.S. Silver Price Floor (2026)

• Strategic Action: Following a White House proclamation, silver is officially deemed a "national security issue" due to import reliance, prompting the need for a price floor.
• Proposed Mechanism: The U.S. is establishing a "preferential critical minerals trade bloc" that utilizes reference prices as a floor to prevent cheap, foreign imports from undermining domestic investment, often enforced via adjustable tariffs.
  

 

Interesting but if the U.S./Iran war ends I think silver will go a lot higher.

 

Blah, blah, blah, blah...it's all algorithmically managed computer program trading likely pushing the $ number higher today. Traders are putting money in making it rise some desired % (probably 5%-10% over a period of time) then they sell taking profit. Rinse and repeat every 2-4 weeks.

This has been an anecdotal trend presumption I've seen since I started checking the market value about 2x per day since about 2012.

The 2011 and 2026 boom peaks were outliers simply setting new 'floors'.

Though I could be way of base...

 

The current government can't do anything right. How do they think they're going to get control on this

 

That's why we went in and blew their government and its regime to smithereens.

 

We need to stay the course. A little temporary pain to eradicate those terrorists as well as free their people is a price I'm willing to endure. The long term benefits will pay major dividends.

 

I've heard that one before.

 

When? When Jimmy Carter crapped the bed? That's when this started.

 

Silver is getting close to $87.00.

 

I think PMs will continue to climb unless major conflict presumes. Even at that, it will be a temporary situation until resolved. Markets are fickle though, so expect volatility until finalized.

 

Very true. If the talks break down it will fall back to $70.00 and fast. I’m hoping for higher prices myself.

 

Same. I have a very decent hoard of junk silver. Rising prices don't affect my Morgan collection much as most are graded uncirculated except for the key dates. I now only buy certain dates anyway unless I find extraordinary deals and just love the coin. I'm convinced I'll never complete a full set because, an ugly 1893s just doesn't blow my skirt up, so to speak.