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When Silver Prices Gone Mad And You See Some Interesting Sight.

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Pillar of the Community

Australia
3831 Posts
 Posted 01/27/2026  07:19 am Show Profile   Bookmark this topic Add gxseries to your friends list Get a Link to this Message Number of Subscribers
Silver price hit more than 100USD or supposedly hit close to 120USD before prices fell. That is more 160 AUD (!) I remember asking silver price just last month (!) and that's when it just cracked the 100 dollar mark. I thought that was absurd back then.

Was at the post office today and their stock of silver coins literally disappeared. Just reminded me the time when covid hit supply chains / grocery. The sight of no meat and more importantly toilet paper... some interesting times.

My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
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mrwiskers's Avatar
United States
1780 Posts
 Posted 01/27/2026  07:45 am  Show Profile   Bookmark this reply Add mrwiskers to your friends list Get a Link to this Reply
...silver price....
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jbuck's Avatar
United States
187582 Posts
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oriole's Avatar
Canada
5238 Posts
 Posted 01/27/2026  12:00 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
That happened in Canada too! Our post offices stock mint products too, and virtually all the silver has disappeared. However, there is no shortage of sellers to coin shops, it seems. They are dropping their buy prices for impure silver (not 999 though) like formerly circulating coins due to the volatility and lower demand. I would guess that would apply in Australia too.
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Basil's Avatar
Australia
1039 Posts
 Posted 01/27/2026  5:19 pm  Show Profile   Bookmark this reply Add Basil to your friends list Get a Link to this Reply
Yes,no one I know,including Dealers, can believe the Silver price.
I read/heard that Silver was undervalued for the last 20 years but it has finally happened,interesting to see where it all ends in the long term.

Analysts predicted late 2025 a Gold price correction but instead the price rose again to over US$5000 oz.

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crab eater's Avatar
Australia
625 Posts
 Posted 01/31/2026  02:09 am  Show Profile   Bookmark this reply Add crab eater to your friends list Get a Link to this Reply

Quote:
Analysts predicted late 2025 a Gold price correction but instead the price rose again to over US$5000 oz.

After a correction today with both gold and silver (which analysts said was overdue) due to the meteoric rise in such a small time, I can still see the price recovering to extend their run after this pullback.
Gold to reach $7000 US Oz and silver to $180 US Oz before the end of 2026. C'MON
Pillar of the Community
Australia
3831 Posts
 Posted 01/31/2026  07:26 am  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
Was at a dealer before silver price tanked. Asking for 200 / oz of silver (!)

I find it hard to believe that prices would just blindly go up. I sense that this is an elaborate Hunt Brother scheme to pump and dump. Supposedly 15 trillion USD lost. That's a good way to fix the US debt - nearly half! Do that a couple of times and you fix the debt.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
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Basil's Avatar
Australia
1039 Posts
 Posted 01/31/2026  5:06 pm  Show Profile   Bookmark this reply Add Basil to your friends list Get a Link to this Reply

Quote:
I find it hard to believe that prices would just blindly go up.


Yes,major forces at work,country or hedge funds and the like buying.
China banning the export of Silver probably had something to do with it.

Looks like its starting to level out now but time will tell.
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