Silver Is On A Tear Today

Over the last 2 or 3 weeks, I sold about 30 silver coins at auction. Most were half dollars and dollars. The starting bid was $1 each. They all brought a little over spot. I was worrying but the last few hours folks brought the prices way up.
I have about 80 other silver coins up for auction. I'll report back after the auctions are finished. I expect they will also sell over spot and the buyer has to pay about 10% over the hammer price.

 

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Should I put one in the classified section?
Evidently the seller attended the 2000 show and bought 10 of them.
The only other one I see listed anywhere is on the Bay at $117 (Kencore) he really doesn't want to sell his but maybe spot will get there?

 

with spot going up so much, I can't buy as many ASEs and other coins as I was just 9 months ago. LOL

 

Spot will get him there very shortly.

 

Just so everyone knows here is what happened tomorrow to Gold and Silver.
AI can tell you what happens in the Past, but the future's past .... This is groundbreaking for predicting our future .. I mean our past's future's of the past investments that we are going to did do in the future's past's future.

 

And today it’s down again. Too much profit taking in the US.

 

I forget, does profit-taking count as "manipulation" and "suppressing the price"?

 

past performance is no indication of future performance, unless you have AI.

I think the sell is all about greed and maybe market rebalancing !!

 

Markets don't go straight up. Rebalancing every quarter does not wreck stocks. Look at NVDA.

A little pull back is healthy for a market to continue going up. The sky is not falling.

 

Not in my book. It means you don’t understand what’s happening with the market or you’re desperate for money.

 

If on a large scale, one where you can move to needle...you bet.
Doubtful anyone on the forum is there yet

 

GREED?
Selling to take profit should be encouraged?

 

Bought two more ASEs at the current prices. Nice.

To $100!

 

unethical behavior..........................................................................greed

 

The pawn shop is starting to put prices on silver and gold again.

Cleaned Morgans for $99, an ASE for $120.

Gold still isn't marked, but the salesperson volunteered that the "small coins" - a bunch of 1/10oz AGEs, a 1/10 Maple, and a harshly cleaned 1861 quarter eagle - were each $729.

I left empty-handed. And I still haven't asked what they would pay for a roll of silver dimes or a 1/10oz AGE.

 

...or you want to put the money into something else that you think has more room to run. As others have said, nothing goes straight up forever.

 

No but silver is just starting to rise in price.

 

We'll see. Lots of people were saying the same thing in 2011, right up to (and even past) the collapse. On the other hand, lots of folks were also saying the same thing in mid-2025.

I'd love to see prices high enough long enough for buy prices to catch up, instead of lagging so far below spot. Again, we'll see.

 

Advances in technology, low supply and high demands are the main factors in the current rise and price of silver. There are no silver mines in operation in the US. And China, while mining silver, is no longer exporting silver. Whatever they mine, it stays in China. That started with the new year and it will add to the current supply problem.
In the 1980’s I could see silver was going to collapse. It didn’t just fall, it totally collapsed. That’s not the case today. It’s needed in a number of items that are just coming on board. There will be corrections and profit taking along the way but it will go up this year.
Silver has broken the $80 barrier but it can’t maintain it. As soon as these profit takers sell their holdings we’ll be back to the same place and silver will rise again. It just needs to stay above the $80 mark. Then it’s onto $90 and then the big one, $100. I feel very confident that it will break into the higher range soon. It more than doubled in price in 2025. I highly doubt it will do so in 2026. I follow its price almost every hour do I can stay on top of it as I have large holdings.

 

Man I hope your right, I went to the store yesterday to buy Bulk Pack ground chuck, For the month and said nope I need $85 an ounce first!! LOL