Silver now over $64 (xx$54xx)

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Voodoo said:
Nope, I toured a cave around the Lake of the Ozarks this year. Realized that I am Not a cave person. Its unsettling.
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I took the kids to Natural Bridge Caverns outside of San Antonio some years ago. The day we arrived was great sunny weather. We entered the cave and it was raining inside the cave. It had rained for 3 days straight before we arrived and that rainfall was making its way through the limestone. It was actually really spectacular and the most interesting cave tour I ever experienced.
 
Fatrat said:
Silver $61 and change...
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The climb will be slow now.

We'll be hoe-hoe-hoe-ing for Bezoszon and Corporate America, these next few weeks. The proletariat won't have money to buy silber with - it'll all be going either for trinkets, or to make payments on Klarna or whoever's carrying their newest debtload.

It may even drop a bit, as a few people, new to the world, realize they need to cash back out. We ain't dealing with the Rockefellers, here - we're dealing with the former Middle Class.
 
Overseas demand?

I can't see the American prole buying a lot of investment-type items, this time of year.

Or is it just that the paper game is getting to where it's interfering with industrial deliveries of physical metal?
 
Casey Jones said:
Overseas demand?

I can't see the American prole buying a lot of investment-type items, this time of year.

Or is it just that the paper game is getting to where it's interfering with industrial deliveries of physical metal?
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Just what I've read/seen/heard & have no idea of the accuracy.

The " take " was that China had been playing a role in the suppression of the price of Silver. Why ? Because their Industries are heavy users of Silver & the lower the price of Silver the better. So the CCP has apparently had a policy of helping Industry by suppressing the Silver price.

So there seems to have been a shift in this " policy " & CCP/China no longer requires the price suppression because they have accumulated a vast stockpile of Silver & they are the 2'nd largest miner/producer of Silver in the world. From the 1'st of 2026 China is going to place restrictions on the export of Silver.

Plus Russia has now designated Silver as s strategic mineral & reserve asset. The USA has also listed Silver as a critical mineral. India has been importing huge amounts of Silver, much more than they usually do. Silver is becoming a much more important issue to many countries/industries/investors/ etc.

The world is awakening to the Fact that there is a structural Deficit in the supply of Silver ( looking like 300 million oz short mine supply 2025 ) & there is no forecast supply coming online in the short to medium future that will address the supply deficit.

So there seems to be a lot of factors converging that may have a significant effect on the current pricing of Silver.

There is supply shortage at the current price of Silver.

At a high enough price there won't be a shortage.

It's just a matter for the market to determine how high the price of Silver needs to be to Balance SUPPLY with DEMAND !
 
That would especially make sense if the silver was mostly from elsewhere - play the JPMC paper game, drive the price down, and then back up the truck. Or thousands of trucks, with overseas containers.

The loser is outside China and considered a hostile, anyway.
 
We should have a watch party for $65.

They are going after platinum now which is 1/10th the size of the silver market.
 
It's neither celebratory nor beneficial in real-world terms.

All it shows, is that those of us who have some, have somewhat reduced our (IMMEDIATE) exposure to the ongoing currency collapse.
 
pmbug said:
You available in 2 hours?
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Hope you didn't burn any of your personal-leave time to make the party.

It's been postponed. The wires around New York are heating up, with all the paper dumps to drive prices down, or hold them steady.
 
The math was simply undeniable yet even I, a bullish stacker historically, am surprised at the speed of silvers rise. I expected it but not at this speed. $63.84 ask right now.

 
Silver spot seems to be flying this morning while COMEX futures lag which is to be expected with the CME raising margins on COMEX silver contracts today. A widening negative EFP spread will likely encourage bullion banks to move more COMEX silver back to London where it will likely get bought and shipped to China and India. The West is dumb.
 
SilverStacker said:
The math was simply undeniable yet even I, a bullish stacker historically, am surprised at the speed of silvers rise. I expected it but not at this speed. $63.84 ask right now.
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I think I said it here (maybe on another board): Silver is gonna move faster, simply because the price of entry is a fraction of that of gold. And because of that, potential buyers/speculators tend to be, shall we say, of a different mindset. Moar emotion-driven. Moar volatile. Think, Gamestop and the other meme stonx of COE-vidd.

Right now - I think this morning, maybe I'll have a different opinion this afternoon - but right now, many of them are wising up. Interest rate cuts don't mean cheaper homes - they mean more no-cost credit for malinvestment and worthless purchases. They mean more stock and money games in C-suites. Which means MOAR INFLATION.

If they now grasp that - and maybe they do - that's real progress. We've gotten past the Left's dishonest re-defining the term "inflation" and deliberately confusing it with price rises. If a few of them now understand, inflation is, increasing the money supply, thus devaluing each unit...that's one small step for a meme trader; and one giant leap for Midwitt-kind.

IMHO, this will not stop prior to (my arbitrary milepost) $200. That would line up to the inflation-debasement from circa 1980 to now...ten cents on the dollar. (actually two cents on the dollar, going back to Nixon). Any more than that, would signal imminent collapse - and what the exchange rate is, would no longer be relevant.

LATE NOTE: Mister Slammy got going, I see - just in the last hour he's hammered it down $3.
 
I was expecting Mr. S on Monday or Tuesday. Sunday night will tell us where we go into the winter.
 
Well I left the house yesterday full of promise with silver at $64 and change, hit the bank for $1,000 in cash, and went straight to me LCS. All of this took maybe 15 mins since they are all in the neighborhood. I bought 13 of Philharmonics, Britannias, Kangaroos, and Maples for $66 each. So far so good right ?

On the way home silver took a nose dive to $61.18 or there abouts. Freck ! Welcome to the world of silver stacking. I'm not worried, it did bounce back and will end up even higher. Anyway its not even like I'm ever going to sell and its dinner money I lost. I made plenty in 2025 were I to sell. It was just kinda funny how it happened, I mean it fell off a cliff.
 

Same principle as washing your car when you want it to rain.
 
I bought a bit when spot was at $63.50. I'm not sweating having missed the dip by a day.
 
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