Silver price just topped $75!

[5MilesBack]

I sold 100oz last Thursday had to drive 3 hours one way to find a dealer that wasn’t $10 back of spot. It was easy when I was buying not so easy on the sell side.

It was easy buying if you were buying 5+ years ago with smaller commissions, mostly 0-3%. The last few years their 'sell to customer' commissions spiked up hard. I was seeing some silver commissions at 30%. Easy pass on those.

 

[Rich M]

It was easy buying if you were buying 5+ years ago with smaller commissions, mostly 0-3%. The last few years their 'sell to customer' commissions spiked up hard. I was seeing some silver commissions at 30%. Easy pass on those.

If you are gonna invest in silver/gold/etc, you buy an ETF. No commission charges.

 

[5MilesBack]

If you are gonna invest in silver/gold/etc, you buy an ETF. No commission charges.

Already have those.........nice and liquid when I want to sell.

 

[Smokey Bear]

50 cents away from $100!!!!

 

[IdahoElk]

$100 !!

 

[sniper61]

I have been investing my poker winnings in silver every time I withdraw from my bankrole for almost three years now. i have dedicated the winnings for a graduation present for my grandson. An artic adventure before he is off to collage in 2027. I thought it would be better in silver then cash in the safe. Wow did I get lucky. I know I got will over 10 lbs at this rate it might cover the cost of the trip. Will be saling it next spring . It would be nice if it keeps rising. Let's hear your prediction , what will the price be next January? I say near $200

 

[Axlrod]

Could be 200 could be 20

I have been investing my poker winnings in silver every time I withdraw from my bankrole for almost three years now. i have dedicated the winnings for a graduation present for my grandson. An artic adventure before he is off to collage in 2027. I thought it would be better in silver then cash in the safe. Wow did I get lucky. I know I got will over 10 lbs at this rate it might cover the cost of the trip. Will be saling it next spring . It would be nice if it keeps rising. Let's hear your prediction , what will the price be next January? I say near $200

 

[grfox92]

$100 !!

Came here to say this haha.

Sent from my SM-S931U using Tapatalk

 

[ODB]

So crazy man.

 

[ColoradoV]

ODB = for the kids!

I came here to see what the crew was sayin as I saw 100 as well.. Have to say I was talking w the wife last night about what is needed, on a small scale, to start hard rock mining then conversion of mine into living space..

At 100 a oz it is starting to make sense...

 

[RyanT26]

Unfortunately, I do not have any silver. I’m just following along and whole things super interesting. What is the consensus on what is driving the market to historic highs?

 

[Smokey Bear]

Just keeps on trucking! Unbelievable!

 

[RockAndSage]

Just keeps on trucking! Unbelievable!
View attachment 1009135

Lol, it's crazy that when you started this thread on Christmas, that was "25 dollars ago" on the silver price.

 

[ODB]

Unfortunately, I do not have any silver. I’m just following along and whole things super interesting. What is the consensus on what is driving the market to historic highs?

I keep hearing people say “industrial demand” but I don’t think that explains it all. This all feels a bit “bandwagony” to me.

I am reminded of everyone who was buying bitcoin predicting 250k by December 2025.

 

[Wrench]

 

[ReaptheHeat]

Unfortunately, I do not have any silver. I’m just following along and whole things super interesting. What is the consensus on what is driving the market to historic highs?

China locking down PM exports, industrial demand, exchange rates between Shanghai and COMEX, weakening fiat, then more FOMO from normies.

 

[Smokey Bear]

China locking down PM exports, industrial demand, exchange rates between Shanghai and COMEX, weakening fiat, then more FOMO from normies.

Chugga, chugga, chugga. Chugga, chugga. Toot, toot !

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[HuntHarder]

I keep hearing people say “industrial demand” but I don’t think that explains it all. This all feels a bit “bandwagony” to me.

I am reminded of everyone who was buying bitcoin predicting 250k by December 2025.

I have buddies that NEVER invest in metals or bitcoin that are now suddenly interested. I always compare it to stocks that are crushing, then they get publicity and unsuspecting minnows buy in and push it even higher. Then the whales come and devour the minnows and drive the price back down to reality. Not saying it's going to happen for sure, but imo likely.

 

[RockAndSage]

China locking down PM exports, industrial demand, exchange rates between Shanghai and COMEX, weakening fiat, then more FOMO from normies.

It's a perfect storm of things to jack up the price of silver, before a big global economic crash that'll start around August-October, which will send all commodities plummeting. China's economy (finance, real estate, and manufacturing generally) is going to collapse spectacularly, along with a very high likelihood of Russian internal collapse/coup/breakup that'll last a couple of years. That's my expectation. Until then, it'll be fun times.

The thing to keep in mind about silver and gold, is that during stock-market bubbles, investment managers tend to park their money in it as one of the few places to get returns, which creates a feedback loop that everyone jumps in on. But, those same managers also liquidate their precious metals holdings as the bubble bursts, in order to move that liquidity elsewhere. Silver tends to hit its new bottom price a few months before the stock market does.