Silver will drop soon, then will go up

Discussion in 'Silver' started by TreasureHunter, Apr 7, 2021.

  1. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
    An interesting video by Uneducated Economist:




    He believes that silver's price decrease will happen. I agree that silver will come down.
    Temporarily the dollar is gaining strength.

    I think that there's a possibility for silver to take a dive this year and sink down to 17-18 $. My next thought is about what trick dealers will invent for not ending up in loss - so I think we will see high premiums for a long time.

    Even now, the premiums are obscene. But I think if silver goes lower and if it stays there for long enough, premiums might come down as well.

    What are your thoughts on this?
     
    spannermonkey likes this.
  2. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    2,986
    Likes Received:
    3,385
    Trophy Points:
    113
    Location:
    Melbourne
    Only paper silver will drop in price. You will see physical "shortages" like we saw at $11 USD, high premiums at dealers, and increased physical demand.

    As always, this will be a way to flush out weak hands, push cash into ETFs, and delay the inevitable rise of physical silver.

    The paper-physical price divergence will be a critical element moving forwards from the 2020 crash
     
    Shaddam IV, norman_h, sgbuyer and 2 others like this.
  3. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    5,340
    Likes Received:
    3,450
    Trophy Points:
    113
    Location:
    P!MP land-Seedeneey
    ^^^
    True..especially small sizes, less than KG, where premiums are sky high.
     
    66rounds likes this.
  4. dozerz

    dozerz Well-Known Member Silver Stacker

    Joined:
    May 21, 2013
    Messages:
    2,248
    Likes Received:
    1,204
    Trophy Points:
    113
    Location:
    straya
    drop then rise you say? truly astounding analysis, almost like you can see the future.
     
    Silverling, Jason1 and 66rounds like this.
  5. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    5,340
    Likes Received:
    3,450
    Trophy Points:
    113
    Location:
    P!MP land-Seedeneey
    IS the future...
     
    whay and 66rounds like this.
  6. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,749
    Likes Received:
    6,771
    Trophy Points:
    113
    Location:
    New Gulagland
    [​IMG]
     
    Shaddam IV and 66rounds like this.
  7. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

    Joined:
    Mar 22, 2010
    Messages:
    8,298
    Likes Received:
    7,656
    Trophy Points:
    113
    Location:
    House Corrino
    The internet does my head in. Everyone is a pundit.
     
    Jason1 likes this.
  8. Jason1

    Jason1 Well-Known Member

    Joined:
    Aug 9, 2019
    Messages:
    1,191
    Likes Received:
    1,346
    Trophy Points:
    113
    Location:
    Qld
    you forgot to include SIDEWAYS..................... lol
     
  9. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
    If gold has finished the correction, then it will impact silver as well. If this is the case, I don't expect cheaper silver soon.
     
  10. norman_h

    norman_h Member

    Joined:
    Feb 20, 2021
    Messages:
    31
    Likes Received:
    31
    Trophy Points:
    18
    Just like Palladium.
     
  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    This guy is good. The collapse of China's property bubble is positive for silver.

     
    Shaddam IV and jultorsk like this.
  12. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
    ^ the only thing shinny is his banana !!! lol
    and his darth vedar
     
  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
  14. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
    that was last week, you will get to see next week in India black out as fuel run out
    the flooding is preventing coal mining, so it stop there for a little while
    Japan has election this month end, the PM provoked Russia, and the response is wow,
    Russia can nuke 200 of Japan centres IF US could do double, Russia can do it 100 times over!
    and US will do nothing about it, may be the Russian revenge would come one day ealier than declared war, nuke first no one to talk to later lol
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    India blackout due to lifting of pandemic measures. Now endemic. Everyone rushing back to work, the power stations probably prepare for that!
     
    Shaddam IV likes this.
  16. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
    I am not up to date with what is happening in India (regarding blackouts).

    But blackouts are happening even in Europe, as well as China. Not sure what is causing these, since power plants should be able to function normally.
    After all, people working from home shouldn't be consuming more than from the (currently closed) office spaces. The industrial production (especially car industry) is experiencing a downturn currently, so there is less consumption there as well.
     
  17. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
    EU rely too much on wind, since the earth farts so often, the energy generation from wind fall off the cliff and half as efficient
    so the gas used increased by 15% but the total is deficit of energy, hence you have black outs

    China is trying to cut back the use of coal, at the same time power generation becoming loss making, so the lesser input being consume and less energy being generated to avoid making loses, there they have black out and with the flood causing the coal mine operations

    India black out is coming next week, as the coal on stock will be completely consumed, the local mines also stop operating due to flood for now, they will re-open and moving coal again, but there is a gap and black out is inevitable
     
  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    Winter in China is much colder than other places with the same temp because of high humidity. If Windows are closed to retain heat, COVID will spread like crazy.

    One thing good about SEA is there's no winters. AC doesn't consume much electricity if we set at high temp like 26C. Night time temp is lower, like it is 29C now, a very hot night but to get it down to 26C where you can sleep is only 3C.
     
  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    Correction, northern parts of Thailand and Vietnam have winters. :D
     
  20. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

    Joined:
    Mar 16, 2019
    Messages:
    3,551
    Likes Received:
    3,396
    Trophy Points:
    113
    Location:
    Colorado USA
    The big drop in spot has been very bullish for the metals.
    Pull backs are a good thing.
     
    heartastack and alor like this.

Share This Page