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Moderator
 United States
190645 Posts |
Quote:Well, sure, but the point is that I have a LOT more silver than I do gold...  I have infinitely more silver than gold because I do not have any gold.  |
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Pillar of the Community
United States
1139 Posts |
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Dealers were buying gold at $1000, $1500, $2000, and I hope still at $5000. I think there will places to sell silver at a mere $300 :) .  Makes sense. I've heard dealers say $200 Silver would put them all out of business because they wouldn't have enough cash. Yet they have withstood Gold and Platinum double, triple, quadruple in price over the years. And the same dealers turn around and say they could barely keep any Gold or Platinum in stock right now, customers just keep buying it up. Another one said he's managing by adhering to strict inventory management. Don't make big orders from wholesalers. Only stock / sell as much as what his customers are bringing in. Flip it, make money on the spread. Same dealer then turns around and shows all the rare coins in his cabinet, all worth between $3k and $10k a piece.  IMHO There will be a market for silver at any price for as long as there is money to be made on the flip. |
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Moderator
United States
190645 Posts |
Quote:
IMHO There will be a market for silver at any price for as long as there is money to be made on the flip. They will be buying silver as long as there are buyers coming in, even if only sellers coming in are those who are desperate for cash.  |
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New Member
United States
35 Posts |
I guess we get to see if low 70s holds again...
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Pillar of the Community
United States
1139 Posts |
Quote:
Well, sure, but the point is that I have a LOT more silver than I do gold... I think that covers almost everyone including me  But to put it into perspective remember that only about 10 to 15 percent of Americans possess any gold or silver at all. Here are some stats I looked up... Quote:
Average Amounts Held (Excluding Large Institutional/Wealthy Holders)
Silver: Casual owners may possess between 5 and 20 ounces of silver. Dedicated, small-scale collectors ("stackers") may hold significantly more, but 50 ounces places a person in the top 20% of silver holders, while 100 ounces puts them in the top 3%.
Gold: The typical U.S. household is estimated to have around 3/4 to 1 ounce of gold, often in the form of jewelry.
"Top Holder" Metrics: Holding just 71 ounces of gold or a few hundred ounces of silver generally places an individual in the top 1% of private owners. I would say I'm somewhere in the 2% of the population with my modest stack. But even if you're in the top %1, which I strongly believe you are  I don't think any of us is at risk of flooding the market. |
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Moderator
United States
190645 Posts |
Quote:
I guess we get to see if low 70s holds again... What just happened?  |
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Pillar of the Community
United States
1139 Posts |
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Silver, near term, is trying to accumulate and build a base at around $81, but there is a value area near $76 and another near $86. The value area at $76 is stronger right now, and is the near term point of control, for the moment. So it will tend to act as the price magnet, in the near term. Remember what I wrote a few days ago and remain firm in your convictions. If you believe its gong to dump then sell, if you believe this is part of the test, or the shake out, before we move forward then hold. |
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Moderator
United States
190645 Posts |
Help me understand that chart I posted. That gap is weird.  |
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Pillar of the Community
United States
1139 Posts |
 Take a look at EXACTLY where the price was pulled to, the red line is the POC at $76 in the 15 minute short term intraday chart.... This is exactly what I said could happen the other day. Do not panic As long as we don't hit the next POC below us at $59 and make a lower low, then that would be a definite sign of a reversal. |
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Moderator
United States
190645 Posts |
Oh, I am not panicking, I am here to learn.   |
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Pillar of the Community
United States
1139 Posts |
Quote:
Help me understand that chart I posted. That gap is weird. Not sure if it's related to your chart, but take a look at the volume profile chart I posted above. You see the valley in between the 2 blue peaks? That's an area of prior low volume, low trading activity, not enough buyers sitting there. So price cuts through those areas like butter when it dumps.. Kind of like happened in the big Friday dump. it skips price levels, gaps down hard. Until it finds the high volume areas where all the buyers / sellers were, and it acts like support or resistance, depending on which way the move is headed. |
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Pillar of the Community
United States
1139 Posts |
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Oh, I am not panicking, I am here to learn. Sorry, I speak in general most times, not specifically towards you or any one person.   |
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Pillar of the Community
United States
1139 Posts |
That was a very high volume dump too. Something is up, or just happened for sure. See if anything is hitting the news wires. |
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Pillar of the Community
United States
1139 Posts |
 Here is the 1 month 1 day chart. POC is at around $92 This is the goal, the dream for us bulls, or best case scenario.. |
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Moderator
United States
190645 Posts |
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Sorry, I speak in general most times, not specifically towards you or any one person. Understood.  Quote:
See if anything is hitting the news wires. |
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Replies: 2,858 / Views: 93,351 |
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Posted 02/12/2026 11:08 am
