What Did I Miss?

I went to bed last night and after a week or so silver and gold were fighting to hold their ground. They dropped from their highs the week before and they’ve been struggling ever since. I wasn’t in any rush to check them this morning but I just did. Gold is up but silver was up to $38.39. That’s almost up $1.50 from yesterday. What happened to cause such an increase in the last 12 hours?

 

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I was in the same boat, but when I looked at it the dollar amount was $38.59

 

I just googled it and AI says it’s due to political unrest. Silver was $38.47 so it back off a little. Still up over $1.30 today and that’s a big move. Okay me as I’m holding.

 

Yeah, political unrest always makes silver go up. Except when it makes it go down. Or stay the same.

Compare this to times when there isn't political unrest, like... give me a minute, I'm sure I'll think of one...

 

Platinum is up over $500 since April.

 

I'm thinking about selling some vintage stuff that I bought at $12-$17...but I'd still be looking for $60 an ounce.

 

If it keeps going the way it’s been going, that will happen, probably next year.

 

Silver is in a 4 year worldwide deficit. Delinking with that gold/silver ratio thing. Supply…meet demand!
And the same with copper. Nobody, just nobody, wants a copper mine/smelter in the neighborhood

 

Very true! The explanations are often entertaining-especially when the same one is used for movements in opposite directions!