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Pillar of the Community
 United States
5862 Posts |
Alas!
I was really thinking that silver was either going to take off like a rocket today or else go up a bit and then get smacked down hard. I really didn't expect it to just go up a bit and then just hang out there like this.
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Pillar of the Community
United States
1126 Posts |
Quote:
After all that, it appears that $70 is the floor. Ready to see $80 again.  Me thinks it's done with $70, I think it wants to retest $80 Quote:
I was really thinking that silver was either going to take off like a rocket today or else go up a bit and then get smacked down hard. I really didn't expect it to just go up a bit and then just hang out there like this. I also expected a back fill to 70'ish and bounce. But what I'm seeing on my chart is that silver actually pierced through the upper trend that's been respected until now. Just smashed through it and came down below it again. That shows strength. One of the stock market headlines I'm seeing says "Trump's Venezuela move reignites geopolitical angst: gold and silver surges this week as investors digest a combustible mix of geopolitics, monetary policy expectations and long term fiscal concerns" Surely the shorts aren't having a good day today. |
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Moderator
 United States
189340 Posts |
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I really didn't expect it to just go up a bit and then just hang out there like this. Indeed.  Quote:
Surely the shorts aren't having a good day today.  |
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Bedrock of the Community
United States
11898 Posts |
CME silver is up 7.5% but the sprott physical silver CEF (PSLV) was up 4% today so I bought it. Premiums/discounts in the paper market are all over the place in the paper market so choosing a few spots to enter.
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 |
Just slipped below $76. |
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Pillar of the Community
United States
1353 Posts |
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Moderator
United States
189340 Posts |
Wiggling around the $76 line today. Just a tad under right now. No huge swings though. |
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Bedrock of the Community
United States
10601 Posts |
Nice rebound for the metals today!
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Pillar of the Community
United States
1126 Posts |
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Pillar of the Community
United States
5862 Posts |
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Bedrock of the Community
United States
10601 Posts |
Wow, another little run and silver will be back at $80..........
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Bedrock of the Community
United States
10601 Posts |
Looks like silver is happy with staying under $79 for tonight..........
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Pillar of the Community
United States
5862 Posts |
Just above $79 as of 7:00 AM EST.
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Pillar of the Community
United States
1202 Posts |
Just over $80 again at the moment |
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Moderator
United States
189340 Posts |
$80.27!  High today is $80.55. |
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Replies: 2,784 / Views: 89,034 |
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Posted 01/05/2026 1:09 pm
