Silver Is On A Tear Today

Silver closed at $57.97 today. Think of all the extra money you now have.

 

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lol What goes up must come down.

 

I'm not sure if your happy with his decision or rubbing his nose in it
I sold off 4/10 ounce vintage JM bars a few months ago at $35/ounce...
I forgot about the listing in the classified until someone else asked about them.
Oops, I thought about it but sold them anyway
I bought them right, so I could sell them right
Hindsight being what it is...IS
What's the saying, no one has lost money taking a profit.
With Prices where they are, I find myself thinking about selling some everyday...just because I've been sitting on my hoard for the better part of 25 years
The 12% gains in the weeks time make for some interesting decisions.

 

Cashed out some myself.
To continue my silver position, I put 30% of it into SLV, the silver ETF
Less friction in or out
If it goes to 100, happy happy
If there a 10% drop I’d just add to the position

 

Holy shnikes!

Plan to buy some more ASEs tomorrow just in case. Not too many...maybe only about 2-3, but something is better than nothing.

Plus, I've got an 'in the black' dollar cost average going at the moment.

 

Tomorrow is Tuesday the terrible Tuesdays may come into play

 

Happy of course. It’s his life and his choice. He made the decision that he felt was right for him. You can’t find fault either a person that does that.

 

It’s dropping in the overseas market.

 

The last time I looked it was down almost fifty cents.

 

Historically, silver moves late in a PM move upward.

So when silver is rising it's a sign that the last/marginal buyers are moving in and buying.... and want a lower-priced, more leveraged play than gold.

That's what scares me.

 

I am all in for the long haul believe we are in different times
up .6% @8:30AM .35C

 

Down a little again today. Two steps forward and one step backwards. I would like to see silver break the $60.00 mark.

 

Done. Bought 2 ASEs for $59 each from my local 'old guy' coin shop. Pretty nice.

 

That isn't what is happening with silver right now. Silver markets are facing the inevitability of a supply shock.

 

And now it’s up two cents. Just like a
yo-yo.

 

What's the nature of this "supply" shock ? They are often talked about but EXTREMELY rare in occurrence.

Arab Oil Embargo 1973, Volkswagen Short 2008, Gamestop Short 2021.....there's a few more, but not many.

What will cause this short spike....what kind of move are we/you looking for ?

 

In the long run silver will continue to rise in price.
Solar panels need silver.
AI needs silver.
Electric vehicles need silver.
Industrial demand for silver is increasing.
Silver mining is declining.
The Fed cutting interest rates.

There are other reasons but it all boils down to low supplies and higher demand. As the US dollar continues to lose its value people turn to silver and other PM’s to protect their money.
All of these things are happening before our eyes. Some folks see it and others do not. Silver is an investment. It’s used to not only grow but to protect wealth.