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Silver at 11 year high

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Silver at 11 year high

Postby Lemon Thrower » Fri Oct 18, 2024 9:46 am

$32.58 is highest since 2013 I believe.

Still a ways to go to reach its all-time high of $49.45, which was the metal’s price on January 18, 1980. In 2011, silver bullion traded at $48.70/oz, nearly eclipsing the 1980 record and setting a decades-long all-time high.
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Re: Silver at 11 year high

Postby Saabman » Fri Oct 18, 2024 10:10 am

And a long way to go to catch up with Au......
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Re: Silver at 11 year high

Postby Cu Penny Hoarder » Fri Oct 18, 2024 12:50 pm

Gee, it only took 11 years. :? :x :lol:

If I can live long enough, silver will be the greatest passive investment of my lifetime.

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Re: Silver at 11 year high

Postby Cu Penny Hoarder » Fri Oct 18, 2024 12:51 pm

Saabman wrote:And a long way to go to catch up with Au......


And Au is still waaaaaay undervalued.
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Re: Silver at 11 year high

Postby pennypicker » Fri Oct 18, 2024 1:18 pm

Silver just hit $33.60, perhaps $30 really is the new bottom for silver...we shall see!
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Re: Silver at 11 year high

Postby Cu Penny Hoarder » Fri Oct 18, 2024 3:23 pm

pennypicker wrote:Silver just hit $33.60, perhaps $30 really is the new bottom for silver...we shall see!


$33.91 at 4:22pm EST.

Silvers best day in a l-o-n-g time.
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Re: Silver at 11 year high

Postby Recyclersteve » Sat Oct 19, 2024 2:17 am

Cu Penny Hoarder wrote:
Saabman wrote:And a long way to go to catch up with Au......


And Au is still waaaaaay undervalued.


TOTALLY AGREE with this. That said, don’t expect it to fly to $50 in 2-3 days.

Now I have to admit that I made a stupid mistake trading SLV (the silver ETF) in the stock market on Friday.

I placed an order to SHORT SLV (betting silver would go down) back on October 4th. I meant for the order to be just for that one day, but was rushing and made the order Good Til Cancelled (good for up to 180 days). Sure enough the order filled on 10/18. OOPS!

At Friday’s close I was down $280 on 400 shares. I came nowhere close to “shooting my wad” and have wiggled my way out of LITERALLY THOUSANDS of losses before- some in the neighborhood of $10-20k. So I’m not overly concerned and have room to short more shares probably 2-3 more times before becoming more concerned.

I’m not a fan of cutting losses when they are small because that’s a great way to lose money on 60-75% of your trades. I say this as someone with tons of experience- see my resume below.

Still, it was a dumb mistake.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

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Re: Silver at 11 year high

Postby JobIII » Thu Nov 07, 2024 4:19 pm

Recyclersteve wrote:
Cu Penny Hoarder wrote:
Saabman wrote:And a long way to go to catch up with Au......


And Au is still waaaaaay undervalued.


TOTALLY AGREE with this. That said, don’t expect it to fly to $50 in 2-3 days.[/quote]

So where do people see things going between now and say out to like 2030?
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