Target silver price?

Discussion in 'Bullion Investing' started by Cinco71, May 15, 2021.

  1. Cinco71

    Cinco71 Active Member

    Does anyone who has stopped buying silver have a target price in mind that silver has to fall back to in order for you to start buying again? A year ago it was around $17oz. Now we're at $27 or so. Is anyone waiting for it to drop back down to the teens again?

    Just wondering what peoples' different price points are.
     
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  3. potty dollar 1878

    potty dollar 1878 Well-Known Member

    Yes I haven't bought any 1oz silver in over a year now my limit is $20 not even a cent more and now its ridiculous.
     
    fretboard likes this.
  4. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I'm waiting for it to reach $100 before I start selling.
     
  5. furryfrog02

    furryfrog02 Well-Known Member

    I will continue to buy the series that I collect (ASE, Maples, Libertads, etc...) for whatever the current market price is.
    Beyond that, I won't be buying any junk or other silver though.
     
    Eric the Red likes this.
  6. ldhair

    ldhair Clean Supporter

    When it gets over $30 I'm going to pull all the junk silver I have in albums, rolls and bags and dump it. It's been there for over 40 years.
    At $50 I'll start selling Silver Eagles.
     
  7. William F

    William F Well-Known Member

    I've still been buying a little silver every month, but I'm not going to go back to buying a lot until it gets below $21/Oz...
     
    Eric the Red likes this.
  8. manny9655

    manny9655 Well-Known Member

    I think it's going to be a long time before it drops below $20 again. Let's just say I remember the 1970s very well and what happened to silver and gold prices. We're seeing some of the same things that happened then economically, happening now.
     
  9. Kurisu

    Kurisu Supporter! Supporter

    I will be shocked, really REALLY shocked if silver gets to $40 by the end of 2021.

    Maybe I should do a giveaway thread for a nice silver round...?!
    Guess the price of silver spot to the penny Dec 31, 2021 sort of thing...
     
    Edward A Jones, skm, midas1 and 3 others like this.
  10. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    Anything $20 or under is a good buy price.

    When online bullion dealers had a shortage of silver it was $12. I should have gotten 100 oz then. I'm not expecting silver to ever hit single digits again.
     
    skm, spirityoda and Eric the Red like this.
  11. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    The pandemic has upset the balance of PMS
    so people expecting it to go back down that
    far have a long wait, I think more likely
    it will continue to rise above $30, now that
    more people have allot more fear in regards
    to the future.
     
  12. Collecting Nut

    Collecting Nut Borderline Hoarder

    It has to be a terrific item to get me to buy at today’s prices.
     
    skm likes this.
  13. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    The problem is because of the pandemic
    there is no way to track the price correctly
    Up or down.
     
    xCoin-Hoarder'92x likes this.
  14. Histman

    Histman Too Many Coins, Not Enough Time!

  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I think you will be waiting a long time if at
    all, that seems like a low number to achieve
    anytime soon.
     
    Eric the Red likes this.
  16. Histman

    Histman Too Many Coins, Not Enough Time!

    I'll wait. I'm in no hurry.
     
  17. Eric the Red

    Eric the Red Supporter! Supporter

    Precarious times we live in. Historically silver has
    not been the greatest investment choice It's been held down for ages and is basically the only Commodity/Resource that hasn't substantially risen in price. It's roughly half the price it was at It's high in 1980. Lol.

    For a material that is an absolute must have in todays technological world combined with a market as small as the silver market is. I believe the current price of silver is artificially low and will continue to cost average buy. Keep in mind I am looking at silver more as a long term investement, as insurance and as a hedge.

    When you factor in the never ending printing of monopoly money and a $ that has already lost 98% of It's purchasing power silver at $27 doesn’t look that bad to me for the long term anyway. JMHO to each their own.
     
  18. Eric the Red

    Eric the Red Supporter! Supporter

    Contact me when you are ready. I will take it all:)
     
    xCoin-Hoarder'92x likes this.
  19. masterswimmer

    masterswimmer Well-Known Member

    When silver hits $17/oz I'll start buying again. I stopped last year when it fell to $12/oz but the premium went to $6/oz. That scam wasn't flying with me. Nowhere was I able to buy at $12 with the normal pre-pandemic premiums of $.79 to $1.49/oz.

    I've been accumulating for over 50 years. I've got all that I need and I'd be satisfied never buying again if prices don't retreat to the mid-high teens again. I've already begun distributing my hoard to the grandkids. Let them benefit from a zero cost to them.

    As far as the sets I've been collecting all these years. I stopped buying from the mint when they became overpriced, excessive offerings, unlimited mintages, problematic phone systems on their release dates, favoring the TV hawkers, etc. etc. etc. I buy what I want a year or two after release, on the secondary market, for a fraction of what the mint sold them for.

    Again, I'm not the least bit concerned if the price never retreats to my buy price. The new generation of collectors can pay those prices. I'm set with my stash.
     
  20. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    It’s a great place to store wealth, not necessarily to gain it however, ASE,S
    are $10, $11 over spot so is that the
    New normal ?
     
  21. Matthew Kruse

    Matthew Kruse Young Numismatist

    Why won't you be buying junk silver? That's the cheapest and coolest!
     
    Chris Winkler and Lueds like this.
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