Silver Is On A Tear Today

Even possibly yaw…

 

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Open for 3 minutes snd dropped a dollar.

 

oops
at least it's rebounding
Gold did the same thing

 

Metals are crushed until the WAR gets resolved. When optimism returns to the world economic future, demand for metals is spring loaded. Keep your powder dry to buy at these levels, Maybe even another 10% lower

 

As nd now it’s back up to its Friday close, minus one cent.lol

 

PMs take a hit with world uncertainty, agreed. It's been a proven pattern over the past two months. However, stability and ongoing inflation move the needle north and marching harder. Once this middle east thing is settled, PMs will continue to go up.

 

Over $85.00 today. You’d think peace took over the world.

 

This is interesting .....

As of May 2026, the U.S. government, in coordination with allies, is establishing a critical mineral price floor system for silver, with reports indicating a target floor, potentially in the $80-$90/oz range, to incentivize domestic production, reduce reliance on Chinese imports, and secure supply chains. The price has found strong support around $70-$80/oz. [1, 2, 3, 4, 5]
Key Aspects of the U.S. Silver Price Floor (2026)

• Strategic Action: Following a White House proclamation, silver is officially deemed a "national security issue" due to import reliance, prompting the need for a price floor.
• Proposed Mechanism: The U.S. is establishing a "preferential critical minerals trade bloc" that utilizes reference prices as a floor to prevent cheap, foreign imports from undermining domestic investment, often enforced via adjustable tariffs.
  

 

Interesting but if the U.S./Iran war ends I think silver will go a lot higher.