Silver Falling Down??!!

Discussion in 'Bullion Investing' started by fretboard, Jul 27, 2021.

  1. fretboard

    fretboard Defender of Old Coinage!

    Spot silver price down at $24.68 at the time of this writing, how low will it go?? What is happening, anyone know reason for the drop? Below $25 isn't that big of a deal, not yet anyways, just letting y'all know that's all! :D Anyone notice the premiums drop?

     
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  3. Garlicus

    Garlicus Debt is dumb, cash is king. Supporter

    Of course it’s going down, I finally bought some, lol.
     
  4. longnine009

    longnine009 Most Exalted Excellency Supporter

    Dollar's been rallying.
     
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  5. yakpoo

    yakpoo Member

  6. fretboard

    fretboard Defender of Old Coinage!

    Must be the reason! :cigar:
     
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  7. crazyd

    crazyd Active Member

    I don't care if spot prices are up or down - only if the premiums charged are going up or down. Many of the videos or articles published saying silver is going way up - are by people in the business of selling physical silver - and/or by prophets of the end of the dollar or great economic collapse .

    P.S. I own physical silver.
     
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  8. longnine009

    longnine009 Most Exalted Excellency Supporter

    It's those selfish unvaccinated anarchists who are doing this.
     
    Last edited: Jul 28, 2021
  9. Bilbo1

    Bilbo1 Member

    I think it’s a seasonal thing
     

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  10. medoraman

    medoraman Supporter! Supporter

    I agree personally. Summer vacation season, along with inflation of other things generally, is leaving less for PM. I have noticed ancient coins weakening myself as well, (they also had a heck of a runup).
     
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  11. Mr.Q

    Mr.Q Well-Known Member

    What goes up must come down, and the beat goes on, and on! Just like empires and dynasties; Chinese dynasties have fallen, Spain, Roman, England, Russian, Mongolian, and more. Want to guess what Super Power is NEXT, Not I... Silver is but a fart in a rain barrel in my opinion. Sorry for the rant, enjoyed your post, thanks.
     
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  12. yakpoo

    yakpoo Member

    The Dollar has been rallying...which is the bulk of what moves PMs, but not everything.
     
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  13. Sidney Osborne

    Sidney Osborne Well-Known Member

    The lone ranger hasn't been seen much nor tonto....buying opportunity...
     
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  14. fretboard

    fretboard Defender of Old Coinage!

    Yep, gold took a hit as well.
     
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  15. Jim-P

    Jim-P Supporter! Supporter

    Its just "transitional."
     
  16. Cliff Reuter

    Cliff Reuter Active Member

    :nailbiting: The NE Patriots or the TB Buccaneers?
     
  17. slackaction1

    slackaction1 Supporter! Supporter

  18. masterswimmer

    masterswimmer Well-Known Member

    And just like that, 24 hours later and it's back up. Such is the world of investing, commodities, speculating, precious metals, crypto, currencies, etc.

    upload_2021-7-29_9-25-46.png
     
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  19. FryDaddyJr

    FryDaddyJr Junior Member

    it's not back up much.
     
  20. rte

    rte Well-Known Member

    I did my part, put a bid in on 2 10 ounce bars at $2 over spot.
    No doubt that I'll get out bid now with this sharp increase :p
     
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  21. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    who knows, there's always a chance...
     
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