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Moderator
 United States
187862 Posts |
Quote:I bought 259oz from the Perth Mint back in about 2012, before the last boom, but the market crashed again before I could sell it.  Quote:
Glad I didn't now.  US$52.64  |
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Bedrock of the Community
United States
25030 Posts |
Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
United States
2140 Posts |
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Do you feel like it to put money into other things? No, I would wait until Silver drops down again and buy again, records from before show that it will happen... But you know what jbuck, I can't sell my stuff, I'm too attached! |
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Pillar of the Community
 United States
5841 Posts |
Annnnnd... Silver just hit $53 in overnight trading.
Edited by barryg
10/13/2025 9:21 pm
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Moderator
United States
187862 Posts |
Quote:
But you know what jbuck, I can't sell my stuff, I'm too attached! I can relate.  |
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Moderator
United States
187862 Posts |
Quote:
Annnnnd... Silver just hit $53 in overnight trading. Got down to $50.87 at one point, but sitting at $52.07 now. |
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Pillar of the Community
United States
5841 Posts |
Last night, just around midnight EDT, it hit $53.73 before rapidly dropping back down to $51.30 an hour or so later. A whole lotta weirdness going on...
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Moderator
United States
187862 Posts |
Quote:
A whole lotta weirdness going on... Indeed. $52.00 even. |
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Bedrock of the Community
United States
36678 Posts |
The bankster smack down is losing steam. Next stop $60.00.
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Moderator
United States
187862 Posts |
Quote:
The bankster smack down is losing steam. Next stop $60.00.  Still clinging to the plus side of 50. |
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Pillar of the Community
United States
2461 Posts |
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A whole lotta weirdness going on.  hold that thought... Quote:
A sudden and aggressive price slam occurred starting at roughly 1:20 AM New York time. This occurred well outside of regular trading hours, when most traders were asleep and liquidity was very thin. At that moment, at least 20,000 silver futures contracts (aka "paper silver") were dumped onto the market. This triggered a sharp sell-off that drove the price below the key $50 level, with silver sinking as low as $48.75 within just one hour. That volume of contracts represents 100 million troy ounces of silver, or nearly 12% of global annual production... a deliberate price suppression effort orchestrated by major bullion banks. there it is, I found the answer to the question that I posted in the gold thread earlier. it is as I suspected. Quote:
The bankster smack down is losing steam. yes it is. equivalent of silver giving jamie dimon the finger? Quote:
Next stop $60.00. no doubt silver will go there, but I think we're going to see it go much much farther. HODL. |
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Pillar of the Community
United States
5841 Posts |
Looks like silver has gone above $53 at least 3 times this morning, although it is currently sitting just below it at $52.91. Methinks this rally still has a ways to go before (maybe?) breaking.
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Moderator
United States
187862 Posts |
I believe you may be right. |
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Pillar of the Community
United States
2461 Posts |
silver has a very long way to go. sure, it will probably correct itself, and that correction could be significant, and it could last a short while, but silver is far from finished. the opinion here at FPS is that silver is in the very beginnings of a long-term bull market and we will eventually see triple digit silver. if you've stacked silver over the years, you won't be disappointed. your day is coming. this is not like 1980 or 2011. there wasn't runaway global debt then. a number of other things figure into it, but the bottom line is this: don't stop stacking silver. the day will come when $53oz silver will seem like a bargain. keep stacking. I know, $53 silver is much different than $23 or $33 silver. I get it. I'm in that boat, too. cut way back if necessary, but don't stop. remain bullish, remain optimistic, and keep stacking, even if you only get 1 extra ounce per month. i'll explain my own position better as we move through what remains of 2025. my explaining will likely cross over through the found money thread and the 'which way for gold' thread. HODL. this is very exciting.  |
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Moderator
United States
187862 Posts |
It does takes some sting out of the past few years of Mint purchases.  |
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Replies: 2,589 / Views: 83,679 |
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Posted 10/13/2025 5:08 pm
