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 Replies: 2,652 / Views: 85,084 |
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Pillar of the Community
United States
2845 Posts |
Quote:
So, no more silver for you ever?   |
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Pillar of the Community
United States
1092 Posts |
Obviously anyone that bought Silver at the All Time Highs in January lost money. If you bought just one month prior in early December or before that you're still in the profit. The reality is that almost anyone that's been into metal's in a serious and steady way, either as a long term investment or as a hobby of stacking or collecting coins.. Just about ever last one of us has more than tripled our money. And that's just fact. Anyone that bought Silver at the top because of FOMO or just following the crowds, never bought Metal before, just thinking they were gonna get rich now, well they deserve to lose money. Most serious collectors or stackers or trader's are buying wether it's high or it's low. That's the only smart way to do it. Imagine waiting for Silver to go back to $35 before buying?  that means they haven't bought anything in over a year and who knows when they ever will.. The break even price to produce 1 oz of Silver is around $26 break even means they don't make 1 penny, that's just to get back what they spent in fuel, labor, transport, production and all the overhead. Who would produce anything just to break even or lose money? |
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Moderator
 United States
188213 Posts |
The US Mint silver I have bought since 1982 has been for the collection, not the stack. These purchases have lost money, until now—now I am in the black. I am getting the 2026 Silver Proof set (subscription has already charged, shipping starts today) and that will shrink the black, but it is still black until silver gets below ~$60.  I cannot be too unhappy about any of this since the coins were always bought to be held for life. However, it does feel kinda good to be above water right now.  |
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Pillar of the Community
United States
1092 Posts |
Quote:
The break even price to produce 1 oz of Silver is around $26....
Who would produce anything just to break even or lose money? Let's think about what would be a good price floor to fulfill the objectives describeed below? Specifically the part about incentivising production Quote:
The U.S. government recently declared silver a "critical mineral" essential to national security, initiating several specific plans to incentivize production and stabilize supply:
Price Floors: The administration instructed trade officials to consider establishing a government-mandated price floor for silver. This eliminates downside risk for miners, guaranteeing a minimum price to protect domestic production from market crashes.
Production Incentives: Because silver is officially on the critical minerals list, domestic producers now qualify for streamlined federal permitting, specialized tax incentives, and federal funding through capital assistance programs.
Strategic Stockpiling: The government is laying the groundwork for strategic reserves, evaluating plans to build stockpiles and expand geographic infrastructure through initiatives like the newly introduced SILVER Act, which increases secure storage depositories across the country. Edited by Harry213
06/11/2026 12:19 pm
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Moderator
United States
188213 Posts |
All things to consider.  |
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Pillar of the Community
United States
2845 Posts |
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Pillar of the Community
 United States
5850 Posts |
Silver (and gold and the various markets) all rebounding a bit today. Which is nice.  Edited by barryg
06/11/2026 2:01 pm
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Moderator
United States
188213 Posts |
Everything is up this afternoon. |
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Pillar of the Community
United States
7276 Posts |
Quote:
Imagine waiting for Silver to go back to $35 before buying? that means they haven't bought anything in over a year and who knows when they ever will.. I don't buy silver to stack, so yes my last purchase was when silver passed $50, I actually cut back alot when silver was $40. But I am not a stacker. When silver hit $75, I dumped 75 ounces, which was nice $$$$ but I still kept some. The last things I purchased that were silver where these. But I purchased them because what they looked like, not for stacking.    I ended up getting the full set of 10 coins. |
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Pillar of the Community
United States
1092 Posts |
Quote:
The last things I purchased that were silver where these. But I purchased them because what they looked like, not for stacking. Nice beauty's you have there   Exactly, collector's was one of the categories of people I mentioned. If you're a collector you're going to buy regardless of price. Buy it because you like it or need it for a set. When silver is higher then buy higher quality coins. |
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Pillar of the Community
United States
1092 Posts |
Quote:Everything is up this afternoon. Got some Green on my screen today  Must say I do not regret my purchase this morning. Made up for yesterday and then some.  |
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Moderator
United States
188213 Posts |
Looks like we are chopping in the ~$67 zone now. |
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Pillar of the Community
United States
1092 Posts |
About a buck or two away from the 200 day moving average, let's see if it can get back over and reclaim it. |
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Moderator
United States
188213 Posts |
Night crew, get to work. |
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Moderator
United States
188213 Posts |
Well, we were up in the ~$68 overnight, but this morning we have slid back into ~$66.  |
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Replies: 2,652 / Views: 85,084 |
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Posted 06/11/2026 11:45 am
