Silver's on the move!

Huge gains, just crested $19 ask for a brief moment tonight!

Wahoo!

 

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May be a precious metals day Friday. Dow and S&P futures down a tad tonight.

 

Im watchin it brother. Good times! Let's hope for follow through in the am but with the rubber band stretching this far its bound to snap back

 

almost +3 just in June (the graph is missing the last few hours)

 

Just curious, can you invest in silver like you would in stocks? As in, log into your e-silver-trade account and proceed like that?

 

ETFs are close:

https://www.ishares.com/us/products/239855/ishares-silver-trust-fund

Also one could invest in mining stocks.

 

I always keep a cart at APMEX with random PMs..The cart was $1895 a week ago and now it's $2011.

I wasn't ready for this yet.....If it goes over $20 I'm back to buying gold only.

 

I'm thinking of joining the poker table again. I made my first silver purchase back in January when it was $14.27. 80oz and sold in in the beginning of May when it was $17.50. With the premiums I paid I only made about $80.00. I'm thinking since it is $19.18 right now as I type it will take off at the $20.00 mark. At my coin club tonight people were buying 90% like crazy. I'll probably be getting some online tomorrow.

 

Noooo. Keep buying SILVER!

 

$19.18 now, with a peak at $19.38 earlier overnight. Could go anywhere today -- I wouldn't be surprised by a big gain or a big pullback.

 

I believe a lot of the market is due to delayed reactions in ETF's. There is a 3 day clearing house period for ETF / Stocks. With the rapid swings I think there's a lot of puts, calls, and settling of 3 days before people can get out of their positions.

Silver has been lagging for a long time compared to gold - and I think it's now catching up.

I also think there's been a lot of calls for physical metal to back the paper - and that's putting the squeeze in.

 

Silver is going out of ORBIT. Lets keep praying. $$$111999...333555 as we speak.

 

Seems like late morning is when the big pullbacks happen. I'll be watching with interest.

 

I like that it's moving up but I own so little 100oz collection it's hardly worth it. I can tell you right now if you expect it to go down to 2015 levels it might take forever to happen again.

 

Hopefully it will be more than....

 

Thank you faulty pollsters in the UK!

What a week!

 

For those with experience buying and selling silver: If spot gets to the $24-$25 range, are dealers still likely to buy or do they get more conservative thinking it might drop?

 

Bullion dealers will always buy at their rate below spot. Always. They don't care about tomorrow as they flip bullion quickly. They don't speculate. They use hard facts in the moment. If they get caught and the next day a big drop happens it's just the cost of doing business and will be buying that next day too but at a lower rate because spot is lower. Being a bullion dealer is quite simple with minimal thought process required

 

May be a precious metals day Friday. Dow and S&P futures down a tad tonight.