$28.00 Silver.

[alor]

 

[TreasureHunter]

It was damn expensive in the last 1 year anyway. Bad buy. So now we're basically waiting for spot price to hit the dealers' prices. But, the dealers might also turn on the premiums...

 

[Lucky]

There she blows

 

[Lucky]

 

[adze67]

So it's still not quite back to where it was in September when this thread started
Gotta love this Silver joyride

 

[Silver Soul]

It tested the 19.40$ USD resistance for awhile if she holds. there will be some interesting moves up in the silver worm.

 

[Silver Soul]

There is one thing silver is famous for and that's killing bugs. Once the world works this out gold will shit its pants

 

[Shaddam IV]

I wonder what brought this bounce in both metals on? Maybe the preppers in the USA are converting their cash...

 

[Silver Soul]

I wonder what brought this bounce in both metals on? Maybe the preppers in the USA are converting their cash...

War son.... War

 

[STKR]

Fear meets greed.

 

[alor]

the war is not fought, people would just press the red buttons
anybody know how to press the red buttons and no experience required
any attack would get a nuclear response

 

[STKR]

the war is not fought, people would just press the red buttons
anybody know how to press the red buttons and no experience required
any attack would get a nuclear response

I doubt that. The consequences are too severe and most people in reach of those red buttons know they're playing with hellfire. Not saying it couldn't happen, I just think it's extremely unlikely.

 

[STKR]

I bet it's been a while since ABC have listed their kilo bars for over $1000.

 

[rainy day]

So will it split into paper price and an underground of physical metal, like some precious contraband in a futuristic movie.

 

[Shaddam IV]

Silver got within 10c of USD $20.00 overnight. Looks like people are buying in.

 

[Holdfast]

Aussie dollar is back at January 2020 levels of 70 cents.
Metal is going to be expensive if the AUD drops against the US.
New wave of COVID; some of the shipping routes are weird, very weird.
An outbreak in Perth like they've had in Vic, will put more pressure on
metal prices.
Low allocations for retail and wholesale.

 

[President Trump]

Since $17 a month ago the retracements have been very shallow. If you were short there's no opportunity to get out without a loss. Shorts must cover. If you are long there is reason to continue to hold because of the price strength heading into resistance.

If I were an industrial user of silver I would be hedging to smooth the transition to possible higher prces. If I were an investment bank providing the hedge to industrial users I would be buying silver to support the hedge.

Silver is looking good.

 

[Jason1]

The fact its up and has nothing todo with the aud is a good sign.
Still a bad time tobe buying physical with the premiums being asked but damn good time to be already owning it.

 

[Ag bullet]

To sell or not to sell......?

 

[Silverman99]

To sell or not to sell......?

That is the $64,000 question