Silver price just topped $75!

[Silver Wings]

Bought SLV after hours at $63 gonna try and hit another bounce. If it breaks down to mid 50s I’ll add a bunch.

 

[Smokey Bear]

SLV down another 10% in after hours trading breaking thru $60 and trading near the $58.51 low

Where are you getting your information? The 24 hour low was $63.90. If you have some to sell, I’m interested!

 

[cottonant]

Where are you getting your information? The 24 hour low was $63.90. If you have some to sell, I’m interested!

The Charles Schwab TOS platform.

$58.51 is the after-hours low yesterday at 18:16 CTS on TOS ia the 2 minute chart. The platform does have bad ticks from time to time - but I watched the prices printing on the level 2 screen when SLV dropped below $60.00.

https://finance.yahoo.com/quote/SLV/

The linked Yahoo chart (click 5D) above lists a low of $58.50 at 7:10 PM

 

[Kornet]

I have quite a bit and happy with how much it’s gone up in value, the problem is, no dealers are willing to buy at spot prices and want to under value it more than it’s worth.
So, unless you really need the money, it’s better to just hold onto it.

 

[Smokey Bear]

I like that it is slowly trending up a bit.

 

[RockAndSage]

I like that it is slowly trending up a bit.
View attachment 1025060

For sure. Could you imagine getting an $8 bump in one day just a year ago?

 

[Smokey Bear]

For sure. Could you imagine getting an $8 bump in one day just a year ago?

That 7 month run we had was incredible! I’m a bit surprised it didn’t drop further than it did. Nice to see it somewhat stabilized in the 80’s.

 

[cottonant]

Yesterday SLV closed at $80.04 - looks like

April 2 $60 puts (Delta .10) are priced at $1.06 and

April 2 $100 calls (Delta .30) are priced at $3.20.

Calls within $20 a share of yesterdays close are 3 x the Puts price within $20 a share of yesterdays close. Talk about skew - Amazing!

 

[Silver Wings]

A guy I listen to for technical analysis is shorting SLV today.
He’s calling silver down to the $50s.
I think he’s right, but I’m going to pass on the short…I’ve got enough high risk stuff in my portfolio

 

[grfox92]

A guy I listen to for technical analysis is shorting SLV today.
He’s calling silver down to the $50s.
I think he’s right, but I’m going to pass on the short…I’ve got enough high risk stuff in my portfolio

Pretty sure hes wrong about that. Highly doubt silver is going to tank 45% at this current time. Did he have any reason for this claim?

Sent from my SM-S931U using Tapatalk

 

[Britt-dog]

I sold some silver to a friend yesterday. I have quite a bit that I've purchased over the years with my cost average being below $20. I'm not worried about selling now or at the high a few weeks ago but he asked so I went ahead and sold him 12 Oz at yesterdays spot.

Heres the thing. he actually called and asked back when it was above $100.00 At the time he made it sound very urgent. he wanted to buy at $110.00 like he was missing out on something. Yesterday he was kind of reluctant to buy because spot had dropped so much, so somehow the urgency was gone.

LOL how does this happen every time metals see a jump? people want to buy. When silver languished below $30 for years they were uninterested.

I spent a bunch of time explaining the metals markets and the different types etc. Hopefully he was listening, but I don't think so.

 

[Rich M]

I sold some silver to a friend yesterday. I have quite a bit that I've purchased over the years with my cost average being below $20. I'm not worried about selling now or at the high a few weeks ago but he asked so I went ahead and sold him 12 Oz at yesterdays spot.

Heres the thing. he actually called and asked back when it was above $100.00 At the time he made it sound very urgent. he wanted to buy at $110.00 like he was missing out on something. Yesterday he was kind of reluctant to buy because spot had dropped so much, so somehow the urgency was gone.

LOL how does this happen every time metals see a jump? people want to buy. When silver languished below $30 for years they were uninterested.

I spent a bunch of time explaining the metals markets and the different types etc. Hopefully he was listening, but I don't think so.

Folks like the urgency - it stimulates them. Same thing with bread and milk when a storm is coming. Don't really need it but gotta do it.

 

[Silver Wings]

Pretty sure hes wrong about that. Highly doubt silver is going to tank 45% at this current time. Did he have any reason for this claim?

Sent from my SM-S931U using Tapatalk

Straight TA based on the charts.
He has a pretty solid track record, let’s see what happens.

 

[Silver Wings]

I sold some silver to a friend yesterday. I have quite a bit that I've purchased over the years with my cost average being below $20. I'm not worried about selling now or at the high a few weeks ago but he asked so I went ahead and sold him 12 Oz at yesterdays spot.

Heres the thing. he actually called and asked back when it was above $100.00 At the time he made it sound very urgent. he wanted to buy at $110.00 like he was missing out on something. Yesterday he was kind of reluctant to buy because spot had dropped so much, so somehow the urgency was gone.

LOL how does this happen every time metals see a jump? people want to buy. When silver languished below $30 for years they were uninterested.

I spent a bunch of time explaining the metals markets and the different types etc. Hopefully he was listening, but I don't think so.

Human nature…being what it is

 

[Britt-dog]

Human nature…being what it is

I get it. I suppose my question was rhetorical. I am just always surprised when it happens, but I shouldn't be.

 

[Smokey Bear]

I get it. I suppose my question was rhetorical. I am just always surprised when it happens, but I shouldn't be.

It’s just FOMO at its best. Great to see it back over $90!

 

[RockAndSage]

I sold some silver to a friend yesterday. I have quite a bit that I've purchased over the years with my cost average being below $20. I'm not worried about selling now or at the high a few weeks ago but he asked so I went ahead and sold him 12 Oz at yesterdays spot.

Heres the thing. he actually called and asked back when it was above $100.00 At the time he made it sound very urgent. he wanted to buy at $110.00 like he was missing out on something. Yesterday he was kind of reluctant to buy because spot had dropped so much, so somehow the urgency was gone.

LOL how does this happen every time metals see a jump? people want to buy. When silver languished below $30 for years they were uninterested.

I spent a bunch of time explaining the metals markets and the different types etc. Hopefully he was listening, but I don't think so.

Same thing's going on in crypto markets. Price goes down, retail holders fear-sell all the way down, and all the way down it's institutional investors picking it up on the cheap, often for a long-term hold. Your buddy essentially got that silver from you on-sale, and is bummed.