Silver breaks $50

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Broke up above the 20 day moving average too. As long as that holds we should continue higher.

Gold is bumping up against the 20 day but hasn't broken through yet.
 
Cigarlover said:
Broke up above the 20 day moving average too. As long as that holds we should continue higher.

Gold is bumping up against the 20 day but hasn't broken through yet.
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Gold is $4,100 +. Its odd, does one wish for the value to go up to increase the worth of ones stack or does one wish for a huge dip in order to buy more ? Either way I'm done for a month after that last gold buy no matter where it goes.

I just dont see silver holding $50 just yet tho I'm probably wrong. I'd be better off buying against my own predictions. I'd do better.
 
The people that called October's mini crash said gold would go back to around the 200-day moving average. We are nowhere near that now. Tomorrow is Tuesday when they normally smack it down. It used to be Friday, but things change. Maybe they are going for Wednesday now?
 
The battle to cross the $50/ozt price bridge:

 
Well its about to break to $53 so WTF is going on with silver ? Every time I turn on the computer its been raised. Now I know its a volatile metal but this has a different feel then a panic buy or rocket. This is sustained and even the dips aren't anything to worry about. My LCS usually takes care of me so maybe I'll take a trip there today.
 
I really dont quite get how people on these sites still don't really get silver... this is going to destroy the entire economic system... its kinda a big deal.
 
Voodoo said:
I really dont quite get how people on these sites still don't really get silver... this is going to destroy the entire economic system... its kinda a big deal.
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Care to elaborate?
 
The new Samsung silver battery is revolutionary. Right now it uses one kilo per car @ a 600 mile range with 9 minute recharge. Once production ramps up in 2027 there will be no spare silver for stacking junkies.
 
Amazing. We double topped in the overnight and immediately pulled back. We have to get a close above that to keep this rally going. If not then back to 44 and we try again next year. Screen Shot 2025-11-13 at 5.59.47 AM.png
 
The thing thats important to realize is there has not been much of a pull back since April. And even that wasn't much. I dont think were going to see $44 ever again and even this dip is tied to the Govt. re-opening which really has little to do with the metals markets.

Theres still war's, there still Industrial need, there is still military and consumer technological evolution, theres still the weak dollar, inflation, trade frictions, consumer and Govt. hoarding. Theres still the two countries that make up damn near 1/2 the worlds population worshiping the metal. Every data point that caused the rocket is still in place or even stronger. The 6 years of production not even keeping up with demand most of all. I think the future is pretty much set for the metal.

So if cheap silver ever comes back have a good laugh on me. Besides cheap silver spikes in the COMEX doesn't mean cheap silver to the consumer. At least right away. Very little of COMEX metals actually end up in physical delivery and no company is going to sell at a loss so the price above spot for the sale is not going to be affected much, tho it probably will for the price of lunch. Its really the big players who stand to win or lose a lot. I'm just a little guy who doesn't believe in owning paper. Banks and investment firms have screwed us before. Besides I dontlike leaving paper trails.

I bought a 10 oz bar yesterday from Monument for $533 and today its going for $510.80. Which tells me yesterday they made slightly more profit off me then they would today. $23, again, the price of a cheap lunch. Now if I was buying futures for 6 figures at a time I'd probably be a nervous wreck, with silver especially because its such a volatile metal. My wife worked for a trading company for many years down at the Merc in Chicago and she used to tell me the place was awash in cocaine because the traders never slept from the stress. In the '80s and '90s many made fortunes while some busted out.
 
A couple of days ago I called $50 as the new floor for the white metal.

We'll see, but I dont think were going to get cheaper silver.
 
We are only 5% away from all time high prices in Au & Ag. In relative terms we could be only a few months away or by the end of the year?
 
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