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Pillar of the Community
United States
1071 Posts |
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The saddest part is that we had more than 20 years to buy silver for less than $10, premium included. I bought some, but holy moly, I could've bought sooo much more. It just seemed boring with no real movement. Yup, many of us here are in that boat. I first became "aware' of Silver bullion when Silver was around $4 an ounce. I was a young lad but somehow I knew it was a great investment... But of course as you said it seemed boring, and the thought of stacking it and socking it away seemed even boring. But here we are again, no movement, seems boring. Is it possible you'll be sad in a few years for not buying at $74?  Quote:
I also note as I have previously, that after each of the two big previous peaks (1980 and 2011) spot took years to settle down a long downward slide.
I ain't saying we're on that road from this peak, things are different now. But, I wouldn't rule out a few years. Care to share your thoughts or opinion on what this "years to settle down a long downward slide" could look like for the current 2026 "peak"... Like how many years will it take? And what price should it settle at? |
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Pillar of the Community
United States
1071 Posts |
Quote:Oh my, I've angered the gawds.  My other pet peeve is litter bugs... You know, those people that toss their trash on the ground...  |
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Moderator
 United States
187862 Posts |
Meanwhile. Silver had a dip last night. Living in the ~$74 zone this morning.  |
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Moderator
United States
187862 Posts |
Now we are running in the ~$73 zone.  |
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Pillar of the Community
United States
1071 Posts |
Finally something different. It took 3 back to back Doji's for Silver to decide. I guess the 3rd try was the charm. Big Red candle go Down. But then also every other market index has a big red candle today. So..  What to look for next? For Bull's to push it back up before the close and make a 4th Doji of indecision.  Or, someone sends out a tweet, or an article on Axios (after they make their stock trades of course), and tomorrow we get a big "Green candle go back up" and the crowds cheer.  Worst case scenario, the tweets don't work and Silver makes a lower Big Red candle tomorrow, and the next day, and we buy the dip.  |
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Moderator
United States
187862 Posts |
Quote:
But then also every other market index has a big red candle today. So.. Quote:
tomorrow we get a big "Green candle go back up" and the crowds cheer.  Quote:
Worst case scenario, the tweets don't work and Silver makes a lower Big Red candle tomorrow, and the next day, and we buy the dip.  |
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Moderator
United States
187862 Posts |
And now we end the day in the ~$72 level.  Overnight crew, do what you do. |
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Valued Member
United States
465 Posts |
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Overnight crew, do what you do. Just that a general downward drift over the next few years would be normal, given the recent anomalous peak. Certainly not cast in stone, the dynamics have changed over the decades, and clearly the floor is higher now. But, don't bet the house on an imminent resumption of upward prices. The odds of coming close to the recent spike are remote in the near future. "To the Moon", is a silly thought that has been expressed by silver bugs for decades. Well, we did that a few months ago. If you wanted to liquidate then and didn't, hoping for $250 spot, you missed the boat. I didn't sell in 2011, or in 2026. But it seems likely that holding onto the "to the Moon" stuff is pretty fanciful. Micro managing and analyzing short term charts is not based in reality. Edited by Vector Ze
06/03/2026 7:30 pm
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Bedrock of the Community
United States
25030 Posts |
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Micro managing and analyzing short term charts is not based in reality. Agreed, Vector Ze. "Silver" is a commodity - not a living entity with a mind of its own battling against nefarious conspiracies for the entertainment of internet belly-button examiners. The recent exponential rise and fall was another typical balloon driven by speculators and FOMO investors. Supply has not changed drastically, nor has demand suddenly spiked and fallen. I see silver sliding back to the neighborhood of $50-$55 / ozt and then crawling up for a few years. No, I don't have any multicolor graphs with arrows and acronyms all over it - just the experience of having lived through this several times. I made great profits in the past and will again in the future. Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
United States
1071 Posts |
Quote:
Micro managing and analyzing short term charts is not based in reality. Nah... It's just this little thing that's done Globally, by an estimated 150 million to 300 million people, it's called "trading". Conducted by both individual "retail" investors and institutional entities. Hedge funds, mutual funds, pension funds. Market Makers, Broker-dealer firms (or specialized trading firms) that maintain an inventory of specific stocks to facilitate continuous buying and selling, providing necessary liquidity to the market. Banks like JP Morgan have devoted entire floors filled with countless people in office buildings across the world, funny thing is all they do ALL day is "Micro manage and analyze short term charts" and all charts actually. Millions and millions of transactions done daily, every second, every minute, that add up to trillions annually. Oh and completely detached from reality of course. Reminds me of one of my favorite quotes. Quote:
"One of the great challenges in life is knowing enough about a subject to think you're right, but not enough about the subject to know you're wrong." And speaking of "commodities" not just Silver, but everything you consume from coffee, to sugar, to pork bellies, to copper, to oil, All of it is traded and "micro managed" by the millions of people mentioned above, using multi colored graphs with arrows (they're called indicators) and all sorts of fancy words and stuff.. |
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Pillar of the Community
United States
1071 Posts |
Quote:
I made great profits in the past and will again in the future. I make profits from Silver and Gold (and other things) all the time... Whether Silver goes Up or Down, regardless of how much... The more it fluctuates the more I can profit. I do it by: Quote:
Micro managing and analyzing short term charts... And I do it using a trading platform provided by my brokerage account. It has lots of those Quote:
multicolor graphs with arrows and acronyms all over it Just throwing this out there for anyone just watching their Silver bullion lose value every day, and contemplating about the "recent anomalous peak", maybe feeling a little melancholy about the impending "slide" or "years to settle down a long downward slide". No need to be sad, I can show you how to profit from this "fanciful" slide, which technically is the opposite of "to the moon" obviously. And then you could be happy every day watching your account grow as Silver slides, and also when it goes up.. Amazing.   |
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Valued Member
United States
465 Posts |
I could believe your clients do well in paper trading. I prefer to hold.
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Pillar of the Community
United States
1071 Posts |
Quote:
I could believe your clients do well in paper trading. I prefer to hold. You can do both. I have many pounds of the physical stuff. But I trade paper all the time. And I trade in whatever direction it's going in at that given moment, Up or Down doesn't matter to me. I bring out the dancing fruit when it goes up and I profit, but I try not to dance publicly when I profit from the drops. Right now if Silver keeps going down or even if it stays right where it is around $73 for the next week I get to pocket ALL of the premium I collected from selling spreads when Silver started heading down from the $80's.. I just recently did that with Gold. If Silver starts to climb again I simple close the position, book what ever profits I have and open a new position opposite the one I just closed.. Rinse and repeat.. The market offers plenty of products and derivatives to make oneself versatile and profitable when market conditions change... So for me micro managing short term charts (based on long term and medium term trends) and using multi colored graphs with fancy indicators and acronyms (as do millions of other people) is a much more lucrative endeavor than "holding". And it personally would not affect me one bit if the "slope is downward" for the next however many years or it goes "to the moon"... I will make money and enjoy the ride both ways. And I will still have my physical stack. |
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Valued Member
United States
465 Posts |
The title of this thread was, "Is Silver Ready To Hit $50", and I suggest that is the question today, but from above.
If anyone could answer that question, they could become the world's next, richest person. Any person claiming to know is either a charlatan, or a time traveler, or a multi-billionaire manipulating the market.
Day trading in paper is detached from reality, and it has been a large factor in messing up the normal pricing of PMs. It's so much easier now to produce spikes than it was for the Hunt brothers a half century ago, who had to amass physical metal in their effort to corner the market.
Who knows? A multi-billionaire today who is keen on pumping and dumping paper silver could produce unimaginable, and otherwise unjustified swings up or down, to meet their goals, without ever placing their greedy little fingers on any actual metal. And no chart analysis can predict those moves.
I'm not a conspiracy monger, this is simply the present reality with paper trading.
Edited by Vector Ze
06/04/2026 04:53 am
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Moderator
United States
187862 Posts |
Looks like the overnight crew pushed it back up into the ~$74 zone. |
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Replies: 2,589 / Views: 83,686 |
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Posted 06/02/2026 11:25 pm
