Silver Is On A Tear Today

Really ?

Then they must really SUCK at lobbying because their stocks have done s*** for 20 years !! I know, I've been investing in banks for 35 years (stop laughing at me, guys).

If the banks lobbied to rig things in their favor, then pray tell what NVDA, GOOG, MSFT, AAPL, etc. all did lobbying-wise....since they have market caps that are 20-30x higher than what they were 20 years ago.

P.S. NPR and The New York Times reporting on banks does NOT exactly inspire me with confidence.

 

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HeavyMetal had mentioned this earlier

Samsung's new silver solid-state battery technology for EVs uses a silver-carbon composite, potentially requiring about 1 kilogram (1,000 grams) of silver per 100 kWh battery pack. I have read about it and it's impressive.

It has been stated that If this battery type is adopted by just 20% of the Global EV market, it would require 100% of all globally mined silver per year.

 

Cybertruck battery capacity is around 125kWh. 1250g of silver would cost $2700 or so after today's pullback. But today's battery packs appear to cost somewhere between $15000 and $30000. Not sure what the material-cost component of that is, or what expensive materials wouldn't be needed in a solid-state battery.

Solid-state batteries are going to be enormously important, but they've got a long road ahead before they'll be cost-competitive. Silver's only one part of that equation.

 

I have a VERY SERIOUS ? If you had a 1898 Cent and it was maybe mint sealed But had green Copper yuck all over it what would you do?

 

I’d do nothing. The copper is already destroyed. A MS-65 is worth about $400 and that’s not enough to warrant the cost of repair to make it look better against its value. But then, that’s just me.

 

Post it in its own thread?

Actually not; "mint sealed" wasn't a thing in 1898, and that cent is trashed (corroded). There's a product called Verdi-Care that would remove the green spots, but you'd still have an ungradeable corroded cent.

 

Living in Pennsylvania that would be great.

 

Just looking to see if I should crack it and Dip as all didnt need my own thread When I trust the guys on this thread more than 100 people yes Dip And No. But back to the thread I lost lunch and dinner money on this correction Today.

 

But will that happen ? That's the thing.

Remember Quantumscape ? Solid-state battery technology., Stock went from $15 to $140 in the blink of an eye.

Fell to $5. Back to the teens today.

 

Don’t worry as it will recover. It’s up in the overseas market already.

 

Yes, but as Eric said, how could ANYONE be selling at a loss now?

 

It's already trending up. There are a BUNCH of institutions nervous as a long tailed cat in a room full of rocking chairs.

 

Just reporting what is the latest news.........

The Great Silver Pivot: Major Banks Exit Shorts and Go Long, Signaling a Potential Bull Run Through 2027

https://www.zerohedge.com/news/2025...orts-and-go-long-signaling-potential-bull-run

 

Never forget that ZeroHedge is RUN by hedge funds. It's also got anonymous writers. I like reading their stuff every now and then and they DO have some good insights...but they lean a certain way and you have to go in with that as a guardrail to believe 100% of what they write/say.

That said, their statement "major banks exit shorts and go long" is PREPOSTEROUS....and ZeroHedge has to know it (the people behind the site surely have rudimentary knowledge of a bank's balance sheet). Show me a bank that tells the Street and analyst community "we ditched Treasuries, which meet Basel III and please our regulators...in favor of speculating in silver."

The banks are CUSTODIANS who trade for their clients and clear for major SWFs, hedge funds, mutual funds, etc. I worked for 2 such banks -- we NEVER took positions in gold/silver.

I find it VERY interesting that there are no bodies or rumours of bodies from the sharp rise in silver. Someone should have gotten burned here....or have been forced to cover last week.

If not ? Then that shows that the shorts and longs were NOT egregiously positioned and neither is leveraged, out on a limb, etc. If they weren't hurt yet, they won't be going forward except straight losses, not forced margin calls or leveraged losses like with GME.

 

The guy writing in the story with the headline at ZH is a CMT, Chartered Market Technician. I doubt he has any understanding of how to read a bank's balance sheet, income statement, leverage ratios, etc.

Those are FUNDAMENTAL variables and statisitics...and he is a technical analyst. Totally separate.

 

I watch this YouTube channel from time to time.
Here's one about Silver in China .... crazy looking at those gigantic bricks. (@7:13 fake silver)

 

My bad, Barney. Maybe I should have posted his full quote, not just a small piece of it.

Here is the quote in its entirety. As you can see, nowhere in his post did he mention selling PM's or equities. And certainly no mention of selling at a loss OR profit. All I did was merely point out the rules of a Wash Sale.

 

Is that a PCGS holder or another grading service or raw? If PCGS, their guarantee might cover corrosion (not fully certain though). If it is in a generic holder, then there might not be much that you can do to save it.

 

Interesting reading about a bank paper silver collapse that required Fed injection through the repo market....

oops ....
https://www.dcreport.org/2025/12/29/ny-fed-unlimited-cash-infusions-bank-crisis/

 

I wrote a comment. Let's see if they publish it.