Silver Is On A Tear Today

If its a 1870 Yen, be same as US Dollar, a 1870 AV 20 Yen + a Double Eagle.
A 2026 Yen worth zilch takes 170 to buy 1US$
oz silver $80US = 13600 Yen
so every oz X 13600 Yen

 

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It dropped to under $81 today.

 

Only for the Pickin side of coins if it settled aroind the low 70's. I could be a buyer of many more coins.

 

Yes silver is down to $80 bucks, anyone buying? I'm out, I have one tube and I have zero confidence in silver especially in this unfortunate crazy war we're in!

 

It’ll go back up tomorrow night.

 

We could look back in a few months or next year and say you had weeks to get out during the Iran Conflict and didn't.

I think it's going lower but I freely admit to guessing at this point.

$120 does look like a blow-off top...can't remember too many spikes like that that were exceeded in short order. I agree fundamentals are bullish but supply has a way of materializing at $80-$100 that wasn't there when the price was $30-$40.

 

Yes most of us feel the same, wish I could say why I feel this way but that's all political and hands off!

 

Waiting for tonight’s opening.

 

I predict it's going below 80 tonight

 

I’m thinking the opposite.

 

I think right now, its more important that the oil prices drop below $60 a barrel again. Its better for us at the pumps, and it hurts the Russian economy. and Putin's war machine.

 

Indeed. More important than the price of silver.

 

Yes sir, here it $1.65 a litre

 

At the suggestion of someone else here, I took a look at the "XAU" tethered crypto. It's been trending slightly downward all weekend. 24 hour volumes on this token over the weekend are in the $100-200M range - tiny as a proportion of the global gold market, but possibly big enough to be a meaningful signal. Or not.



There is apparently a silver tether token as well, but it's apparently too thinly traded to give a meaningful signal, assuming it's legitimate at all:



The tallest volume indicator there between March 9 and 10 was a volume of five ounces. Of silver. Rather, of bit-strings claiming to represent five ounces of silver. The more recent volume bumps were for fraction-of-an-ounce trades. For a few hundred dollars, I could presumably move "the market" by another ten or twenty bucks all by myself.

 

In less than an hour we’ll know.