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 Replies: 72 / Views: 5,203 |
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Pillar of the Community
United States
2335 Posts |
I posted about this the last time there was a big increase in the price of silver over what I thought was a fairly short time (maybe mid to late 2010?). When I see a commodity price chart that shows such a large increase in price I see a chart that's due for a correction. The only difference between now and then is the chart is even steeper. IMO a 100% increase in 12 months is bubble territory. I know I'm going to get a lot of push back because I did the last time I posted a similar message. Cue the comments about the difference between the paper and physical markets, the naked shorts, market manipulation by the big firms, it's different this time, etc.
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Moderator
 United States
188102 Posts |
The problem is supply versus demand, and industry is pushing the demand. There will be (modest) pullbacks, but I think sub-$50 silver days are forever behind us. The shrinking value of the US dollar alone will make sure of that.  As always, I am prepared to be wrong and will let time reveal its truth. But I am not banking on it, just along for the ride.  |
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Pillar of the Community
United States
2335 Posts |
Last time I looked the dollar had declined by 11% this year. That's a factor in the price. So is increased industrial demand. I don't see the combination of the two being responsible for the 100%+ price increase we've seen this year. When the dust settles we'll be left with a new silver spot price range. Whether that range is above or below $50 is just a guess. I buy a fair amount of silver at estate sales and the like. At these levels I'm not holding it any longer than I have to.
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Pillar of the Community
 United States
1307 Posts |
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Pillar of the Community
United States
1768 Posts |
Quote:
The problem is supply versus demand, and industry is pushing the demand. There will be (modest) pullbacks, but I think sub-$50 silver days are forever behind us. The shrinking value of the US dollar alone will make sure of that.  Industry and Nations holding metals rather than treasuries |
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Moderator
United States
188102 Posts |
Quote:
At these levels I'm not holding it any longer than I have to. Everyone needs to chart their own path. I am a collector, not a stacker, so selling is not a consideration... except maybe what I said earlier.  But it is oh so very interesting to watch this play out. |
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Bedrock of the Community
United States
36724 Posts |
I can't think of anything better to be holding right now other than silver and gold. I sure don't want to be holding anything paper.
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Moderator
United States
188102 Posts |
I am holding onto my seat for this ride. |
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Pillar of the Community
United States
1307 Posts |
I bought most of my silver at 6-10x face. Even at $70+, my wife still isn't on board. Welcome to my world.  Edited by thecoinguy1964
12/29/2025 11:29 am
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Forum Dad
United States
24154 Posts |
When the Zombie Apocalypse comes, you won't wanna carry it all around. Trust me.  |
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Moderator
United States
188102 Posts |
Quote:
I bought most of my silver at 6-10x face. Even at $70+, my wife still isn't on board. Welcome to my world. Quote:
When the Zombie Apocalypse comes, you won't wanna carry it all around. Trust me.  |
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Pillar of the Community
 United States
1963 Posts |
From the AP Wire this morning: Quote:
NEW YORK (AP) — Silver and gold futures fell sharply Monday after the Chicago Mercantile Exchange, one of the world's largest trading floors for commodities, asked traders to put up more cash to make bets on precious metals with prices surging this year.
This year, gold futures are up 65% and silver has more than doubled.
The CME raised margin requirements for gold, silver and other metals in a notice posted to the exchange's website Friday. These notices require traders to put up more cash on their bets in order to insure against the possibility that the trader will default when they take delivery of the contract.
Silver futures tumbled 8% early Monday while gold slid 5% |
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Bedrock of the Community
United States
25092 Posts |
Per the thread title: If you missed out on selling silver @ $60, you might get a second chance in a few days.  Inordinately fascinated by bits of metal with strange markings and figures
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Moderator
United States
188102 Posts |
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If you missed out on selling silver @ $60, you might get a second chance in a few days.  |
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Bedrock of the Community
United States
36724 Posts |
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When the Zombie Apocalypse comes, you won't wanna carry it all around. Trust me. I won't, it will be buried and I'll be carrying lead. |
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Replies: 72 / Views: 5,203 |
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Posted 12/24/2025 11:36 am
