Silver Is On A Tear Today

I've been meaning to buy that 1949 ship Canadian coin. Several years ago I started collecting coins with ships on them, but never got around to finishing the coins I wanted to get.


oh rats, just forgot there was a local coin show I meant to go to today.

 

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Locked in for 2026 ASE at $70.

 

looks like Friday was just paper driven but the market is still pushing up (so far)

 

Just checked moneymetals.com, they're selling mixed quarters and dimes at 45.15x and buying at 39.01x. That's a 13.6% spread, a good bit wider than the 10% I saw a week or so ago. I'm guessing this market has everyone spooked.

 

I expect premiums to get more expensive as the Paper Market disconnects from the Physical Market. I wouldn't be surprised if premiums surpass the actual Spot price, as things escalate in the coming months. We shall see.

 

I figured with the current trajectory they're having a hard time keeping up their sales at much above spot. Probably a lot of customers thinking "they bought all this silver at $50 or below, I'm not contributing to their windfall", even though that doesn't reflect the business reality.

And even if they're offering 10-15% back of spot, that's better than most local dealers will offer, and there are still plenty of folks looking to lock in profits on silver they bought at less than half current levels.

 

A complete recovery from Friday's beatdown.
Now that's Impressive.

 

Shorts are screwed. Bear trap at its finest

 

I've a few ounces to sell. The need hasn't presented it'self yet. If I do I might grab ahold of a new collectible. This run lately has got me a little spooked.

 

I feel ya. I think a lot of people are spooked. We are in uncharted territory above $50. It's the great unknown.

One thing is for sure, this is one Hell of a ride and we are all witnessing history in the making, no matter what happens.
Good Luck to all

 

..... Shh! AI is listening on your computer.

 

It's Tuesday morning...
Hi-yo Silver, away!"

 

years ago I bought one of those Alexi devices that is always on.
I started getting constant ads in facebook, etc of jobs at motorcycle training facilities.

Then I realized it was listening to my TV as it was next to the TV and I was watching a lot of youtube videos from Dan Dan The Fireman who had a youtube channel of motorcycle training and accidents.
I unplugged that Alexi and haven't used it since.

 

Similar to the reason that I dumped my Facebook account. I learned that they were mining my phone's contacts. Technology is destroying people's privacy.

 

No Facebook, no Alexi. Never have, never will
It’s a privacy thing

 

I have never been on Facebook. The only Social Media experience I have is you guys on CoinTalk.

 

I am much like you guys No cellphone,facebook or other social media just the desktop for forums.Silver looks flat today no biggee

 

Go back a week or month, you're mood will improve

 

Even worse.............my wife and I send each other links to articles via email sometimes. Now recruiters are sending her job openings to my email address.

 

I'm not tech stupid, I have a laptop and phone, can weave through technology on streaming devices. But my phone is a flip phone, one reason my coin photos are horrible, have to use a 35 mm camera. I don't care, my cell phone bill is $20 a month and have the same coverage the big boys have. I haven't had a land line in 20 years.