Both GOLD and SILVER taking a beating down $3.50 today it was not that long ago in the silver markets changes were in the tenth of a cent now we’re seeing big numbers in dollars today were in the minus only a fraction away from the $50,s … What’s next ?
Am I seeing things or has silver dropped around 50% from it's top on 1/29/26---same day I broke my hip.
I don't know..... When I joined up on CT silver was below twenty an ounce. I bought myself a lot of old silver dollars and ASE's.... Not because I was a financial wizard but because I like coins and stacking was in my comfort zone. Frankly, I was terrified when silver was in the $90.00 range because I feared it was a harbinger of doom. I am comfortable with sixty dollar silver. I think it is a sweet spot.... And if it moves a few bucks either way.... I am still waaayyyy ahead.
It’s all down, PM’s and stocks. Inflation fears and a strong dollar are leading the way for the price drop. Yes, it’s down almost 50% from its high.
I think most of u I think most of us all timers are way ahead of the curve, i bough sllot of SILVER in the mid $20 range and GOLD in the $2,400 range and i have been buying up the ladder ever since, for me not looking for any get rich scheme, just a little profit down the line
I've been telling you folks all along: expect things to keep sliding until this weekend, which is the big regional coin show where I had been planning to maybe lock in some profits. The next spike should be coming along right about Monday or so.
Well I just finished divining some chicken guts (the chicken wasn't harmed) so I know exactly what silver will do.
Today, I plan on selling the remaining 9 ASEs/Maple and Kangaroo I have and switch it for gold. At today's Silver price, I might only be able get a classic quarter eagle though, but it's something.
Doesn't make sense to me. Fear of inflation generally drives PMs up, not down. Gold is dropping like a rock too.
There’s a number of things going on. on Thursday the PCE report is due out. That’s the personal consumption expenditures, a key monthly report of how much consumers are spending and how prices are changing in the US economy. The fed uses the PCE to track and set interest rates. The US dollar is very strong right now. A strong US dollar makes commodities more expensive for international buyers therefore demand is reduced. Investors feel that the Fed will have to maintain tighter monetary policies to fight inflation. Precious metals do not pay interest so they are in constant competition with government bonds and other things that offer higher yields. Then there’s the geopolitical tensions, mainly US and Iran. But there’s also other conflicts that are driving prices. Because of things the way they are large companies are selling holdings of PMs, which drives the price down because they need the cash, in other words they have liquidity needs. they’re forced to sell their holdings to raise cash to cover their losses in other areas. All of this combined is driving the price of PMS down. The price is down to almost $58 an ounce and I think it’ll fall a little more before it levels out. Unfortunately, this is below the level that is considered a plateau. Things will get worse with the PMs before they get better. I can’t help but think of the refiners who have all this silver that they bought at higher prices. Add to that the cost of refining and they’re suffering big losses. So yes fears of inflation do cause the PMs the rise but when you look at all these other things that are happening at the same time, it’s causing them to drop. Inflation is not the only thing that drives prices.
Looks like a good strategy, the bench mark for both GOLD and SILVER have been acheived GOLD below 4K and SILVER below $60, let the buyer flood gates open !
Yep, the war with Iran is a key element in slashing prices on PM's, good time to buy if you have the moola.
There's never any shortage of factors to explain any PM move in hindsight. In my opinion, the current situation is just emphasizing how silly we are to think we can predict the next move. This might be a dip, or we might get five or ten years to back up our trucks before the next big climb. I can't reliably predict which will happen, and I don't believe anyone else can, either.
