Silver Is On A Tear Today

At $60.90 today. Up well over $2.00 an ounce. I can’t help but wonder if overseas markets will support or drop that level.

 

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I have no idea, but I've been reading the UK can't get their hands on enough of it. I have no idea why.

 

Never heard that but I don’t have a problem with it either. Lol

 

I am LOL'ing at my LCS offer of 23 per circulated Peace dollars this summer. I'm not attached to them at all, but still. Current melt is double that, 90% and slightly less than 1 troy oz factored in.

 

Here is an article from 2 months ago. I looked, I thought i remembered something like this.
Silver hits record high as squeeze wreaks havoc for City traders

https://www.telegraph.co.uk/business/2025/10/14/silver-squeeze-wreaks-havoc-for-city-traders/

 

But it seems like more recent articles indicate that squeeze is over.

 

I really don't know. I'm just throwing spitballs.

 

Holy crud….. Over $60.00!!!!

 

Well, $50 was nice.

 

With this price, I'm now considering selling some of the 'common' early German 5 Marks (90% 'crown' sized) I have that I got for like $11-$20 each in the last decade.

These coins are currently worth about $48 each in silver.

 

The PM’s are up due to several things.
Economic uncertainty
Fears about inflation
The Fed cutting interest rates
supply and demand
Heavy industrial buying
Low supplies
A weaker US dollar
Growing tech and solar demand

One must understand what’s happening in the US and the world in order to position themselves correctly. If I understand correctly, then silver can only go up in price at the present time. That doesn’t mean there won’t be ups and downs but there will be more ups than downs and the same goes with the prices. Silver will continue to rise in price as time moves forward. Tech that needs silver is advancing faster than using a tech to find a less expensive way to do what silvers doing. IE. Solar panels.

 

Daniel Ghali from TD Securities spreading BS. His claim of a silver flood for the LBMA is not supported by the data, which I have crunched for myself (and shared with all of you already). Double check for yourself if you are so inclined.

 

I was at the local store and the owner said he was buying everything that came across the counter.
That being said, he's 75% of spot on 90%.
I told him I would check back at $70/oz...he said okay I'll still be at 75%.

 

I wonder if crypto money has been moving into PMs ?

 

At 75% of spot, I'd be buying everything I could get my hands on. I've certainly done so over the last fifteen years - it's just that there aren't many opportunities to buy at that level.

(Actually, my "mash BIN button" threshold was usually around 80% of spot. I did sometimes see lots below that, and on very rare occasions managed to hit the button fast enough.)