My call on silver spot to end the year 2026

On 27 Jan the Ag oz price jumped over A$20 and fell again.
I think it will get to $1000 well before the end of the year.
 

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APMEX has raised their minimum sell amount to $20k from $10k and the buy minimum is still $500.
Being overrun with sellers same as the coin shops id guess.
If you arent selling $20k worth they arent interested.
 
Last time I bought i got about 50 ounces, spot was $48 and silver dollars were $36.
I remember years ago stopping in with a couple hundred bucks and leaving with a 10 oz bar and a couple of rounds.
Now ill get an ounce and a half if im lucky for that.
 
I spoke to a manufacturing jeweller today .
They wholesale & import Italian made silver chains , and smaller items like findings .
They also import findings and smaller items from China .
Chinese manufacturers are still taking orders .
BUT
They want give you a quote as they can get silver supplies .
You will get a phone call with the quote " When they source the silver " and no time frame .
 
With all the competing forces and manipulation at play I cannot see A$1000 by years end. Wish I was wrong.

However, I think A$400 is achievable. Further, it would not surprise me if A$ achieves parity with the US$ before years end.

I base this price reasoning on Clif High’s predictive linguistic work of a few years ago.
 
We could see a further crush coming with the Chinese Lunar new year .
With Shanghai being closed for 10 days .
March deliveries will tell , in April that is .
 
I pay attention to just a few simple chart indicators: 8, 20, 80 and 200 ema
Long term trends seem to continue when these go above/below each other
I know this is charting 101 but it's enough for me - and probably what most people look at so kind of self reinforcing at a herd level

Very interesting comparing those charts for gold, silver and bitcoin.
Even with the recent jump and pullback, gold is still holding a rising pattern: 8 > 20 > 80 > 200
Silver is bouncing around between the 20 and 80, the 8 has gone under the 20 but still 20 > 80 > 200 so longer term uptrend hasn't broken (yet?)
Bitcoin, on the other hand, is totally open to the downside: 8 < 20 < 80 < 200

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