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 Replies: 2,791 / Views: 89,463 |
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Pillar of the Community
 United States
5862 Posts |
There might be buying opportunities if you are dealing with ETFs, I suppose, but I can't imagine too many physical dealers would sell at these lower prices without tacking on hefty premiums to cover their own losses.
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Pillar of the Community
United States
1127 Posts |
I meant the stock market in general. But that includes silver too I suppose.. But Sure, absolutely, gap downs can be a HUGE buying opportunity, if the reason for the gap down was false, or an over reaction, or if what caused the gap down was temporary and goes away or reverses in a reasonable time. No harm no fowl. Then boom the price rebounds fills the gap and congrats, you've successfully bought the dip.  But there's another side to that coin  hehe, see how I used coin there  with a completely opposite cause and reaction. And that's not really the side I want my coin to land on. So yeah, things could obviously go either way right? But let's not get too far ahead of ourselves. This is all hypothetical talk and speculation. Let's see what happens. But I personally do not want to see any gap down in any of the markets at all. Edit* Oh wait, the only thing I do wish to gap down and crash right now is OIL Edited by Harry213
03/18/2026 7:32 pm
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Bedrock of the Community
 United States
10601 Posts |
Gold down to $4725, Silver creeping above $71, Texas T floating a bit above $96.
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Pillar of the Community
United States
5862 Posts |
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Pillar of the Community
United States
5862 Posts |
Down to $66. How low can we go...
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Valued Member
United States
397 Posts |
Silver at $65.  |
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Pillar of the Community
United States
2850 Posts |
The beating continues. Glad I traded a bunch of silver into gold, even though gold is also down. It's not as bad percentage wise as what's happening with silver now. Might time to buy up again, but premiums are gonna be tough now.
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Valued Member
United States
397 Posts |
Remember when I posted about hearing two guys discussing the price of silver as I walked into work and wondering if that was the top? Silver was $112 that day.
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Pillar of the Community
United States
1127 Posts |
Well that really stinks doesn't it? $75 held until 2am EST before cratering, not much support there. Bounced at $70 for about an hour before cratering, not much support there either. The good news? Dip buyer's got their wish, go ham now, buy, buy, buy. The bad news? If this continues it's almost a straight shot to $50. There's not a whole lot of established support levels nearby. They are very few and far between right now. $65 held in February when the buyer's were out in force. Will it hold now that buyer's have been running for the hills in the last 2 weeks? $62 may be the last and final line of defense. The Jaws of death thing is sort of ringing a bell now eh. Silver is now down $25 an ounce in the last 8 trading days..  Edited by Harry213
03/19/2026 09:17 am
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Pillar of the Community
United States
1127 Posts |
I gotta get back to work but let me share some of what I'm reading coming into the trading chatrooms right now. Enjoy BTW the Duke's is a reference to the powers that be, banksters, crimex, take your pick. Quote:
3/19/26
Ugly on Metal but the current price is not the story. Here is what the data show. Vault eport: the Dukes are artificially freezing the registered COMEX vault number at 78M oz. A liquidity lock. Not sure why this is a magic number but they do this since March 09. What they do instead is draw down from eligible. Today another 2.8M oz g z gone. There can be 2 explanation. 1. Holders are taking out their silver out of COMEX as they see a crisis coming. ( they are doing EFPs transaction the registered book to hide the availability stress from the market, while suppressing the price. Shanghai going down helps. Basicaly they settle contracts privately with buyers to avoid registered silver run. Open interests: May Ol closed 1655 contracts. Unrolled. Some speculators may have had margin calls. The price beat down is working for them. am worrying a bit on the shanghai price drop but the arbitrage remains at $9 and the physical stash is drawing down even in Asia. They only question to see silver lower now is: is this war gonna <ill the demand for tech Al, EVs, panels? It could as prices become unaffordable and Shanghai would show a price down trend
along a flattening of vaults inventory. Word has it that banks (JPM/BOA/HSBC) from the west had to ship COMEX silver vault to Asia to have a liquidity reset there and take the arbitrage down from unsustainable level at the cost of draining the eligible pool. This theory will be proven is the arbitrage goes over $10 over the next weeks. Anything else is smoke and mirrors. |
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Pillar of the Community
Canada
5404 Posts |
Let's see ..
No where to refine non pure
dealers everywhere running
low on liquidity .
A very thinly traded market
based on nothing but emotion
(qv the meme stocks ) .
What could possibly go wrong ?
Silver is , was and always will be
a mugs game , unless you continually
TRADE IN IT . You don't stack it , you
take profits , rinse , repeat .
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Moderator
United States
189648 Posts |
My $66.70 floor— you know, the floor that has me in the black with my US Mint habit—was briefly breached. Seems to be hovering above again.  |
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Pillar of the Community
United States
7293 Posts |
I'm not a stacker. I use silver and gold sometimes as a temporary store of wealth. It's a place I park extra money. In 2003, I decided I wanted a Swiss watch and picked up an Omega Sea Master. I kept the watch for 19 years. In 2022, the watch needed a service and a new bezel, I priced it out and the service was about $750 or about half what I paid. Looking at the new Seamasters at $5000 I decided to sell the watch. Ended up getting more than I paid. Many Swiss watches really hold onto their value. Wanting a new seamaster but not wanting to pay $5000, I put the money on hold and picked 50 ounces of silver and a 1/4 ounce of gold. Thinking to myself I would sell when silver gets to the price of a new watch. As I have a pretty nice collection of watches, I had time.  With the run up in price of silver I started shopping. In December last year I found the watch I wanted and when silver hit $75 I sold 70 ounces. With the proceeds I got a new watch (and $300 extra which I used to buy 2 1/2 gram Irish gold coins and 2 AU dragon coins).   The morale of this story is that silver and gold are good stores of wealth as are Swiss watches, so sell one when you want the other and vice versa. Best part is that I still have a 1/4 ounce of gold and 2 small gold coins and a new watch and no outlay out of my pocket. I completely stopped buying bullion PM after it passed $50, I'll start buying again when it goes back below $50. Edited by hfjacinto
03/19/2026 11:32 am
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Pillar of the Community
United States
2860 Posts |
Took a little longer than I anticipated but I finally got my $6X.XX's.... all-in! |
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Moderator
United States
189648 Posts |
Quote:
With the proceeds I got a new watch (and $300 extra which I used to buy 2 1/2 gram Irish gold coins and 2 AU dragon coins).  |
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Replies: 2,791 / Views: 89,463 |
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Posted 03/18/2026 7:25 pm
