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 Replies: 2,863 / Views: 93,993 |
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Pillar of the Community
 United States
5884 Posts |
Ah well, so much for silver being up a bit...  |
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Pillar of the Community
United States
2516 Posts |
crazy volatility. I guess this is the new normal. it doesn't bother me at all. I bought all of my silver with the intention of holding onto as much of it for as long as possible. the crazy volatility will end up being just a blip of a memory. silver has a long way to go on it's way to blue sky, if nothing changes fundamentally...
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Pillar of the Community
United States
5884 Posts |
Quote:
I bought all of my silver with the intention of holding onto as much of it for as long as possible. Ditto. Plus, I bought the vast majority of it long before it started this most recent rise, so it's not like I'm actually going to lose anything if it drops back down to $50. Or $40. Or even $30, I suppose. Still, it was nice seeing it go up so high... |
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Pillar of the Community
United States
2516 Posts |
yeah.. and now we get to watch it do so again.
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Bedrock of the Community
 United States
10601 Posts |
Gold still dropping like a rock and silver now under 80
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Valued Member
United States
81 Posts |
Keep in mind that the Shanghai Silver Market is in a limited transaction emergency mode, so it is not operating fully. Give it a couple days, then we will see where we are.
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Bedrock of the Community
United States
10601 Posts |
Quote:
Keep in mind that the Shanghai Silver Market is in a limited transaction emergency mode, so it is not operating fully. Give it a couple days, then we will see where we are. You still have to go by what the prices are now - I don't know about anybody else but I'm not going to buy or sell on "what ifs" or "maybes". |
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Pillar of the Community
 United States
8941 Posts |
Pushing towards 75 as of 3am
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Pillar of the Community
United States
1140 Posts |
Bounced off $71 overnight then shot up to $80 probing the limit's. Fascinating to watch the price decide in which direction to go I'm waiting for it do a head fake at some point and take off in the direction we least expected.  |
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Pillar of the Community
United States
1140 Posts |
It just sold off a little when it hit $84. I think we have an idea where the buyers and where the sellers ($71) are sitting at now.  |
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Moderator
United States
190660 Posts |
The snowstorm held my interest more than silver this weekend. Now that it is melting, time to watch this roller coaster.  |
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Pillar of the Community
United States
1140 Posts |
I think it's cute how the price appears to have parked itself dead smack in between $71 and $84   Don't fall for it though. That thing is bound to rip one way or another eventually. |
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Pillar of the Community
United States
3347 Posts |
It looks like COMEX silver inventories are rapidly headed back down to where they were mid 2025, at around 300 million ounces. The shorts are busy covering their positions by buying the metal they borrowed, at a 40% discount off the peak. Billions of dollars have been made on this year-long 200 million ounce pump-and-dump game. Sorry for those small buyers that got dragged into this and are now stuck. This has been an excellent seller's market, but treacherous for buyers. Time to get back to coin collecting. https://datatrack.trendforce.com/Ch...ntory-silver"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
02/02/2026 1:47 pm
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Moderator
United States
190660 Posts |
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Time to get back to coin collecting. It was always time for that. This is interesting and entertaining.   |
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Pillar of the Community
United States
1140 Posts |
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Replies: 2,863 / Views: 93,993 |
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Posted 02/01/2026 8:28 pm
