Spike In Pms

It is gonna go down all summer. than in the fall it will go back up. my prediction. so buy all you can now before it goes back up.

lol very true. but I dont think it will drop to much below 30. in the fall there will be a lot of turmoil and fear related to the election. things like that make pms go up

Silver's still sideways. I keep expecting it to break one way or the other but it's staying in a fairly tight band. Anyone know if it means anything?

I agree. There seems to be pretty good price support at the $31.50 level right now. It's tried to get above and below that recently but always seems to come back to it. I could see a temporary dip below $30 but don't think that it would last very long; perhaps only a day or even just a few hours.



There are a lot of things out there that could jump up and harm or help PM prices. The election is certainly one of the big ones but so are the financial problems in Europe and Japan and the slowing of the Chinese and Indian economies. Anything coming out of the Fed is likely to move PM prices and that could be for better or worse, depending on the news and how it is received.

a bunch of Feds are making speaches today. How do you think the PMS will react?

I was thinking the same thing hawk. Silver at least should see my opinion of $1.50 movement up or more.

There's no better pair of words to describe the activity of silver prices as "cruise control" lol, I'm getting quite sick and tired of seeing prices being suppressed in the low 30s. Demand is high, prices aren't rising, why am I still here.
Copper is a way better investment to be honest, because silver is fairly new and most of the public don't know anything about it while copper has seen light in the media (ie. people stealing copper wires, price increases etc.).
It only take geniuses to "accumulate" profits from precious metals, I'd consider those who purchased large quantities back in the early 2000s to be those geniuses.

What are we doing? By purchasing silver, and putting all of our investments and cash into something that we call real money just simply helps push the price up. I'd say the cap has already been broken.

Now as to "using it for bartering", in tough times, most people would fail to recognize the value of physical silver, nor would they care about their prices, it's too expensive to use as wire for infrastructure.

I'm still attached to copper, it's not that volatile as silver and proves to be a great investment. Copper pennies of course :)

Sellers often feel that way but buyers LOVE it. I would FAR rather be stacking at $35 than at $135!



Agreed. Silver is a must have item for high tech manufacturers and they have hundreds of billions, if not a few trillion, in their collective bank accounts. Silver quadrupling in price would not prevent them from using it to manufacture high tech toys, comm gear, and exotic weapons. All we really need to goose silver prices is a silver powered ray gun. The military would be ALL over it and the price would be irrelevant.