Silver price just topped $75!

[Smokey Bear]

Just an amazing run this year!

 

[Nick22]

It's been crazy some are saying 100$ per ounce by the end of the first quarter of 26

 

[Smokey Bear]

I was going to start selling a bit when it hit $40-50. I’m in till I need the cash now, or when I’m ready for an excavator! I don’t believe it will ever be under $50 again!

 

[IdahoElk]

Trading in Shanghai is at over $80, Tomorrow is going to be fun.

 

[Jmhunt_13]

It's been fun to watch for sure!


Sent from my iPhone using Tapatalk

 

[Sled]

It wasn't that long ago that I was choking on the thought of 17 bucks an ounce. It was around $12 an ounce when I was first starting to pay attention.

 

[Smokey Bear]

I see some selling soon and a correction, but I don’t think it will be big.

 

[Crowmangler]

This was an interesting article on Zerohedge a few days ago. I'm no expert but it sounds like a lot of the people that have always been able to manipulate the "paper silver" prices don't have a lot of power left when people start demanding to hold it in their hand. Been reading about this potential "squeeze" for a long, long time.

Silver Just Called The COMEX's Bluff | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Dos XX]

https://www.indmoney.com/blog/us-stocks/samsung-solid-state-battery-silver-demand

 

[Rich M]

That silver dollar that cost $20 will soon be over $100. Just wow.

That’s inflation for ya.

 

[Smokey Bear]

That silver dollar that cost $20 will soon be over $100. Just wow.

That’s inflation for ya.

 

[Beendare]

To me the question is always;

Would you buy it now at this price?

 

[Smokey Bear]

I had a chance to buy a few 100 oz bars when it hit $40 and didn’t do it.
Like everything else. Woulda, coulda, shoulda.

 

[WiscoHoundsman]

Anyone selling or trading silver for gold as the ratio drops?

I’m considering selling some silver to pay for a guided elk hunt next fall… just debating on do I keep holding it hoping it keeps going up. My $20/oz average seems great at the moment. Not sure if I have an exit plan or even need one.

 

[Smokey Bear]

Anyone selling or trading silver for gold as the ratio drops?

I’m considering selling some silver to pay for a guided elk hunt next fall… just debating on do I keep holding it hoping it keeps going up. My $20/oz average seems great at the moment. Not sure if I have an exit plan or even need one.

 

[Sled]

Anyone selling or trading silver for gold as the ratio drops?

I’m considering selling some silver to pay for a guided elk hunt next fall… just debating on do I keep holding it hoping it keeps going up. My $20/oz average seems great at the moment. Not sure if I have an exit plan or even need one.

That's the age old question. It's difficult to predict where the top out will be but it sure seems like physical silver is needed in just about everything these days, especially military systems. It does seem like everyone is building up the war machine as fast as they can. I would bet it'll continue to climb. That said, I don't have high confidence that paper currency will be worth a lot in the not too distant future.

 

[Rich M]

View attachment 991307

Well, that sucks.

We have some “2020”!liberties. Thought they ran at spot price.

 

[Crowmangler]

I'm not gonna buy anymore anytime soon at these prices. I see no reason to sell now either. I don't "need" the money at the moment & I'm really interested to see what happens in the next year or so. You read all kinds of stuff about how high it could go in these crazy "squeeze" scenarios. Especially if all this new tech demand pans out. Does anyone think an AI or weapons company that shovels billions of $$ on chips won't pay $200+/ oz if they really need it? It's not like you can open a mine up & produce it in a short amount of time either.
Can also imagine how much it'll be worth to my kids in 30 years when I'm gone

 

[Smokey Bear]

Well, that sucks.

We have some “2020”!liberties. Thought they ran at spot price.

The chart I showed is old currency melt value.
If you have .999 2020 liberty’s they are worth spot.

 

[5MilesBack]

I got laughed at when I posted how much physical silver and SLV I had been buying in 2020 on the stock traders thread. Ya, it's been a good year.......but an even better almost 6 years since Mar 2020.....SLV up 500%.