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 Replies: 18 / Views: 5,063 |
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Pillar of the Community
United States
4870 Posts |
So what exactly is driving silver prices down lately? Less demand? Over supply?
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Pillar of the Community
United States
4211 Posts |
IDK and it's probably just an uncanny coincidence but I have noticed every time gas prices go down silver does as well.
We are seeing gas for $1.99 here lately and the last three times gas was less than $2 silver had also gone down.
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Pillar of the Community
United States
7840 Posts |
Ebb and flow of economics...sounds good anyway.
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Pillar of the Community
United States
1068 Posts |
Economy is doing good that is why.
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Valued Member
United States
338 Posts |
Unemployment is down. The US dollar has strengthened.
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Pillar of the Community
United States
4333 Posts |
Who cares? Come on single digit silver!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Moderator
 United States
54282 Posts |
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Moderator
United States
189017 Posts |
Quote:
Who cares? Come on single digit silver!  |
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Pillar of the Community
 United States
4870 Posts |
Looks like I have to sit on my silver for a while before I can sell. Would take too much of a loss selling now considering I paid more than what the current spot is.
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Pillar of the Community
United States
4333 Posts |
You don't price your silver in fiat paper, you price it by gravity. Think about it.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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New Member
United States
4 Posts |
So when should I buy my silver?  It looks like it was steadily around $5 an oz not terribly long ago; will this come around again, or is it wishful thinking? Is $15 or so an oz the new low? Thanks. I'm new here.  |
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Pillar of the Community
United States
1192 Posts |
Wile E - if we knew, we would all be rich :)
Welcome to the forum!
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Valued Member
United States
493 Posts |
Probably a combination. Someone dumped 450 million worth of silver with the push of a button last week. Interest rates creeping up, albeit not enough to make a difference. Physical demand falling apart because of little price action, kind of like, well if the price isn't really going up or down why do I need to buy now, seeming like a poor investment. I agree, possible over supply, physical investors were soaking up nearly 1/3 of production for a few years in a row.
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Bedrock of the Community
United States
36808 Posts |
Anytime someone can sell a half billion dollars worth of silver and flash crash it without owning any physical metal, manipulation would be my guess as a reason for the big fall.
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Pillar of the Community
United States
1963 Posts |
Well, stocks are also up. When stocks go down, then silver goes up.
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Pillar of the Community
United States
4211 Posts |
 Wile E~!! |
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Replies: 18 / Views: 5,063 |
Posted 07/10/2017 08:22 am
