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 Replies: 2,784 / Views: 88,794 |
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Moderator
 United States
189340 Posts |
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Back up to $78! $78.09 high, slipped back into the $77 zone and wiggling.  |
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Moderator
United States
189340 Posts |
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Because their cost of silver is the cost of doing business... A good explanation.  |
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Moderator
United States
189340 Posts |
It looks like $76 is where she is gonna rest for the day. We shall see what the overnight brings. |
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Pillar of the Community
Canada
5400 Posts |
And just like that early price New Year's Eve
$70.68 at 120 AM eastern.
Good luck all ye metal heads !
Enjoy the gong show!
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Pillar of the Community
 United States
5862 Posts |
Ouch! Silver down to $72 in overnight trading (with a brief dip down to $71).  |
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Moderator
United States
189340 Posts |
The low is $70.52. I still think $70 is the floor.  Inching back up towards $73 now. $72.85 as I type. |
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Pillar of the Community
United States
1776 Posts |
This week is tough to gage anything. End of year tax selling / buying on light volumes can magnify volatility for PMs, stocks, etc.
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Moderator
United States
189340 Posts |
Next week should be fun then. |
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Bedrock of the Community
United States
36841 Posts |
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"No, Mexico isn't officially "shutting off" silver exports, but recent policy shifts, like President Sheinbaum halting new mining concessions, combined with massive industrial demand (solar panels, EVs) and ongoing supply deficits, are creating major market tension, causing investors to hoard physical silver, anticipating future restrictions or supply squeezes, making it seem like exports are tightening." NS, you are correct, not an outright ban on export but a tightening of supply for export. https://www.metalmarket.eu/en/blog/...y-1684839685 |
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Moderator
United States
189340 Posts |
The low is now $70.01! $70.22 as I type. Will the $70 floor hold? |
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Bedrock of the Community
United States
11898 Posts |
Lost $70. $69.72 now.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Moderator
United States
189340 Posts |
Source? I am watching KITCO. Still $70.01 low.  |
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Moderator
United States
189340 Posts |
Back above $71. |
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Pillar of the Community
United States
1126 Posts |
Quote:
$70.22 as I type. Will the $70 floor hold? I agree silver is trying to put in a floor at this level. I've been watching SLV trade and it's bounced off this level 3 times in the past week, including today, 4 times if you count the over night trading. We are in no mans land however, uncharted territory, so there is no historical chart pattern we can look at to find support and resistance levels. Support and resistance levels are being formed up here as we speak, they are basically just the high and the lows of the past week. And today it bounced and closed just above this level for the 4th time technically. |
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Bedrock of the Community
United States
11898 Posts |
Quote:
Source? I was watching the comex January contract price. Dipped slightly under 70 briefly. I was wondering how Kitco comes up with their live silver price and it seems extremely convoluted: Kitco's live silver price reflects the global spot price, derived from real-time trading on major commodity exchanges like COMEX (CME Group) and the London Bullion Market Association (LBMA), balancing supply/demand, currency strength (USD), and market sentiment, with Kitco providing data from these wholesale markets for immediate delivery. How It Works: Wholesale Market Data: Kitco pulls data from the actual, high-volume trading in the over-the-counter (OTC) and futures markets, not just retail sales. COMEX & LBMA: The primary price benchmarks come from the COMEX (NYMEX) for futures and the LBMA for the London physical market, setting the global standard. Real-Time Factors: This price constantly shifts due to: Supply & Demand: Industrial use (electronics, solar) vs. mine output. Economic Factors: Inflation, interest rates, strength of the U.S. Dollar (a weaker dollar often boosts precious metals). Market Sentiment: Investor confidence, geopolitical events, and overall economic outlook. Spot vs. Retail: The spot price is for pure, bulk metal; retail prices (what you pay) add premiums for manufacturing, transport, and dealer profit. In essence, Kitco shows you the price of silver in the global wholesale market, constantly updated by activity on the major exchanges. IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Replies: 2,784 / Views: 88,794 |
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Posted 12/30/2025 1:59 pm
