Silver Going To Break Out

thank you all !!!

yes agreed - I feel this shop was a bit steep in its offer. I also did not want to drive across town to the other coin shops. lol

I felt that id rather have more "valuable" coins in my collection and by trading in some of finds made sense - now when silver goes back down to $15 or $20 - I will still have my nice slabbed coins, holding most of their value. plus, I'm getting a nice stack of slabbed Morgans going

In hindsight and since it has generally been an up market, it seems always a good idea to trade versus outright selling. I look back at giving up 70 Kennedy halves in early 2023 for $595. It would be just an annoying memory but I did use the proceeds towards a krugerrand. Doing it at a LCS, you're hoping for as close to spot for both the buy and sell.

I don't quite understand what you are asking, to me it makes no sense. Melt is about 13 bucks per coin right now and you probably won't get enough beyond that most places in my opinion to make up what you have in them. That being said, I do not collect in the same way you do, so I could be wrong but I say hold onto them. You should do what you did before and find a better conversion to get your CC Morgan, not take a big loss, just my opinion though and we all have them.

Yep, when you see "CC" on the reverse on a Mint state MSD it definitely turns heads.

$38.24 now ? Wow! OTW to $40 by the end of the year. Or more.

Silver has been consistently undervalued. Ive been saying it all year long but its also been pretty obvious so I have no claim to a crystal ball. This cant be attributed to tariffs because there are none on it. Production is part of the answer because demand has been greater then it for years, yet, there also been a steady, safe supply.

Silver is the metal that will be critical for the next generation of technological growth. An era were already in.

A long, long way from 16 to 1.

Dealers have been sending 90% silver coins to refiners because they've been so cheap. I've been swapping gold for those the past several weeks.

Yes but the way Ive been seeing it at least is, even more importantly then the ratio, is the law of supply and demand.

Demand has been outstripping production now for its 4'th straight year with silver just becoming more critical in Industrial and high technology production. As well the interest in the metal in other uses including cultural importance, jewelry, private investment.....

Add to this that while there is a lot of silver in the earth ramping up or opening for more production is not as simple as, say, pumping more oil. Theres a lot of futures investment and regulations involved. Its a slow process.

So I'm not surprised by the steady increase in silver prices and I'm still a believer even at $39+. Maybe I'm wrong since I'm no expert but we'll see.