The weekend rattled me.

[SilverStacker]

Even tho I predicted it and said all along silver was undervalued to see such a price increase on a metal one has invested much in kind of rattled me anyway. Its a gamblers life and I always fear the cards going against me. Hell silver going up $9 in just a few days just doesn't happen does it ? Yet it did, I saw it. Even now its hovering at $58.65 like a dark crow on a wire waiting for a road kill and that road kill is we who have loaded big in it for 2025 and even prior.

And tho I came in late in the game those first 4 months of the year I loaded in big time into PM's and now its worth is far more like an investment then a hedge. Today at my LCS I got cold feet for the first time despite very fair prices for silver. I should have bought more instead of just a few coins for politeness sake. I know that every data point that brought silver to a current $58+ still exists and will increase the worth of the white metal even more. That and Ive made a killing on the game in 2025, mostly due to the first 4 months when I loaded in big.

But I felt the gamblers curse, the feeling the cards aren't going to go my way anymore. The last week rattled me and I'm only betting hot hands now and they are few and far between. I'm thinking maybe taking Dec. off from the game. Its a good month to be holding fiat, ass wipe that it is. Stores still take it and it is Xmas.

But deep down I know its a mistake. I dont think this train is stopping.

 

[pmbug]

What exactly rattled you?

 

[Goldhedge]

But deep down I know its a mistake. I dont think this train is stopping.

Nope!

The Dalio types are recommending retirement funds hold 15% PMs after decades of eschewing the noble metals.

You don't have to be Einstein to figure out what that portends....

 

[KnowWhy]

Why dont you step over to the guessing thread and make a statement where you think the price will be end of year? I feel the same way as you describe when silver is at $35.
I guessed low for end of year, but i just made three cumulative purchases the most ever. Provident had a scratch and dent price on Au maplegram—not grams at spot like sdbullion’s black friday, but loow premium for small fractional gold.

Dollar printing is not stopping. The train might reverse a while, but dollar is going down like all fiat.

 

[Vichris]

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Yup,.....this time its different, no doubt about it.


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[SilverStacker]

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Yup,.....this time its different, no doubt about it.


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Yup, I feel we entered a different era. Exactly what it is I can't say but the rapid rise in the price of silver portends.

Oh I did well in Nov. . Before the weekend explosion Of $58 to $59 silver I spent maybe $6 K on both silver and gold that at the time I thought was rather high but I had a gut feeling of what was coming so suddenly $48 to $50 silver made sense to me. I loaded in a bunch of ASE's, Kruggies, and 10 oz bars and when I came out the other end they appreciated nicely.

But thats what I expected. I didn't expect each of the 80+ oz of Nov. silver bullion to individually accrue $8 to $10 of wealth. I called the floor of $50 before anyone else but I sure didn't call the ceiling and especially the length of time at that high. Were still at $58+ and this rise wasn't due to any Hunt bros cuteness but, I believe, only the unyielding dynamic of supply and demand. If anything silvers performance has come late and gives credence to Govt. conspiracy theories.

And if its inevitable march forward continues, which it probably will, we'll be left wishing for the days of $58 silver. The buying of which leaves me worrying it will become over-valued and it crashes as fast as it rose. I dont think that will happen but lets face it itd very difficult do predict what silver will do.