Silver Is On A Tear Today

This market laid to rest the arguments about which type of silver is best for quick cash at the best price during major bull markets. The ASE won hands down. It doesn't mean other types of silver aren't good - but other types may be thought of more as collectibles in the spectrum. I am also a fan of Engelhards, though they typically carry a premium, and from my experience the local coin shops will treat it as common silver when buying back.

 

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JM Bullion is part of Stacks-Bowers ?

 

JM Bullion and Stack's Bowers are subsidiaries of A-Mark Precious Metals.

 

Quick sharp spike on silver and gold this morning. I guess everyone's nervous about Pakistan and Afghanistan.

 

Plus The US just told embassy staff in Israel to leave NOW .

 

Wow...I believe A-Mark was the actual firm that won the bidding for the Redfield Hoard 50 years ago....I have an actual news piece from CW on it.

 

That would also explain why SB, which sold certified and graded Fairmont Collection coins, would sell non-certified or non-graded coins from the hoard through a mass market outlet they own.

 

YEAAAAAA!!!!! Well exactly 3 weeks on the day, My order was processed All my coins were real, As I suspected , They graded my maples half culls and half random year. The same with my eagles half random year half culls. I was charged $32.50 for pickup and shipping through fed ex . The only mistake in my order was I thought I had an extra panda in my order that they show I did not have. I will check but they may be right. OTHER WISE Its Gonna be burger time real soon!
EDIT:: I was still paid all the prices I thought I was supposed to get On the Cull and random year coins. Paid the same.

 

Gold and silver really shot up today. Silver ended around $93.50 the last time it looked at the price.

 

Gold is really holding $5,000 strongly. Definitely bullish.

 

Both gold and silver are holding well and showing signs of being bullish. It may have jumped up due to the talk of a possible air strike against Iran. Still, it’s holding.

 

Not financial advice, but it looks like silver will revisit $100. Yes, this looks like it is Iran-related. Polymarket has the odds of a strike by the end of the year at 79 percent, and by March 15 at 59 percent. This suggests the strike will be pretty soon, but the market believes the U.S. will take some time to plan for it.

 

Spike or bubble prices -- like $50 in 1980 for silver and $800 for gold -- were levels that were unsuported by moving averages and smoothed averages.

Gold was really well-supported in the $350 range and silver maybe $12-15 or so. Over the next 2 decades that's where gold spent most of it's time give-or-take; silver over the next 4 decades, burning off a much larger move.

The more time gold spends above or near $5,000 -- even $4,000 -- the stronger a base we'll have for a higher rise later on.

 

The forces behind the price of gold and silver are entirely different today than in the past. Once a solid base has been reached and holds it will continue upward. It may move slower than last year but it will move higher.

 

Looks like the zoo has begun.

https://www.breitbart.com/europe/2026/02/28/trump-major-combat-operations-underway-against-iran/

 

Yeah, I saw this morning that it began overnight. A lot of video out already. Not sure what happened or who fired the first shot but saw something on a US naval base allegedly in Bahrain (small island off east coast of Saudi Arabia, across the Persian Gulf from Iran) and there was a large explosion there. Seems to be video of Tomahawks sailing over Iraq too. Remember when you're watching them sailing in that each one has well over 500 oz of silver on board heading somewhere to be obliterated.
Guessing markets will go absolutely nuts on Monday. They waited for the weekend as customary for the news to settle before markets opened again.

I'm surprised nobody mentioned the latest "glitch" at the comex a few days ago. They shut down unexpectedly for 90 minutes. Offline. When opened back up over 31,800 contracts had traded hands. (Probably contracts settled in cash at a premium instead of silver delivered because they either didn't have the silver or weren't ready to lose that much silver) and the markets proceeded on. The last time this happened was Black Friday. Silver dipped briefly then skyrocketed.

The technical glitch only affected silver and natural gas. But rest assured, they are working around the clock to figure out "what happened." Wonder what the excuse will be next month? If places really need the silver they're finding out they can't rely on it. Much of what is stored there is not for sale. As stated before I believe we're about to see supply problems and prices like never seen before. Unrest in the middle east will be a good excuse for next month.

Edit: Forgot to mention the chaos in Mexico. Supply chain has been interupted by cartel gangs closing the streets and raiding/stealing any precious metal they can find. Supposedly the miners have to make deals with them for a cut. Some have resorted to not processing the silver and just shipping the raw ore out that looks like a truck load of soil, to be processed in the US. That's not helping things either.

 

Good news! They say Khameini is kaput Final goal needs to be Regime change, back to democracy under Shah.

 

I agree with what’s been said but let’s not make this thread a political discussion. Thank you.

 

I agree!

But it was more about morality, "good vs evil"

 

Here's a hypothesis that some will not like. But in my view it's neither bearish nor bullish. The silver price is reflecting anticipation about rate cuts when the next Fed chair comes in. I believe silver is a leading indicator. So, following this reasoning, the bull cycle will end when the next Fed chair takes over, as the cuts will have been priced in. Any refusal or hesitation to cut rates will be met with a harsh reaction from the market. Silver will thus revert to the mean, but not all the way - it will remain elevated for the next couple of years.