Silver Is On A Tear Today

It's leveled out between $69 - $69.50 range this morning.

 

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I love it. Now let’s all be positive about pricing holding and/or continued gradual increases.

it’s all psychology so let’s maintain a positive feedback loop.

 

We retail buyers/sellers/stackers are just fleas on the back of the industrial demand dog. We are not driving the bus. Retail psychology has nothing to do with silver in 2025.

 

Doesn’t hurt for us to still be positive about its near future.

 

Bigger than fleas.

https://silverinstitute.org/silver-supply-demand/

Over the past ten years, looks like "investment" has been running about 15%-25% of total silver demand. That's a substantial chunk, surely big enough to influence pricing? Especially for a commodity where supply isn't that elastic?

 

So........ I am okay with not driving the BUS AS long as I am not under it..................... I resorted to stacking dimes & quarters instead of peace& Morgans.

 

Absolutely correct. Retail is not even a flea. Investment is not describing retail either.

 

That's very true. But in the past, "investment" houses were mostly involved on the paper side, derivatives. Now they are covering their behinds with physical metals with when in the past, they did not.

 

Looks to finish at $69.30 for the day Nice start for the week short week is $70 in the picture before Christmas......?

 

It’s continuing to go up and that’s fine with me.

 

Okay, I'll grant that; I don't know how to parse out individual from institutional purchases, but I'm sure the latter are much larger than the former.

But note also that the Jewelry category is comparable to the Investment category - and I think that "jewelry" would largely be retail, no?

 

Retail sales do count, especially in some of the foreign countries, like India.

 

lol..........

 

?

 

It's a gif often posted about Indian boiler rooms spamming for certain stocks. It cracks me up every time I see it.

 

But true seems India in the last few years maybe longer Silver is a hot commodity?

 

Looks like they are all wearing some silver.

 

If I'm reading the Kitco candlestick charts correctly, at one point this evening someone traded silver at $69.9971/ozt...

 

It will make it. It will make it. It will make it. Does this sound like the Little Engine That Could?