Silver starting to move

[Lemon Thrower]

2 consecutive days over $34

[pmbug]

If silver manages to break through $35, it's likely going to run hard.

[Cu Penny Hoarder]

We've all been long-suffering since 2011.

Let's DO IT!

[Lemon Thrower]

I don't have a prediction but will note that the GSR is extended and you have to be a masochist to be a silverbug, and I say that having bought my first silver in early 1980.

[shinnosuke]

I like predictions that don’t include the words “if” and “likely.”

[Cu Penny Hoarder]

I don't have a prediction but will note that the GSR is extended and you have to be a masochist to be a silverbug, and I say that having bought my first silver in early 1980.

I was buying rolls of pre-'21 AU-MS Morgan's for $125 back then. Nobody wanted them after the 1980 crash. Still have all of them.

[Lemon Thrower]

$35.66

[Cu Penny Hoarder]

$35.66

$36.07.

This could be the big breakout we've been waiting for. Hopefully it can keep going. I won't be surprised if TPTB smash it back down though.

The people saying silver was dead and dumped it all are going to regret it. FOMO to hit soon.

[68Camaro]

If silver manages to break through $35, it's likely going to run hard.

We'll have to make your our official Ag predictor! LOL

[Lemon Thrower]

$36

[68Camaro]

Yesterday's $36 (bid price) was a singular moment - the rest was all futures prices. Today we are over $36 and staying there. Yay! Now we need to see consistent performance for multiple months, and a trend approaching the 40s and ready to move into the 50s and 60s, to get the GSR back to where it should be based on mining data and use. By historical norms silver should now be at $100, so for anyone not yet into silver, any of these prices will later be considered a good price to buy in.

When silver went to $6 and people looked back and said, but it used to be $3 - this is crazy, who can afford to buy $6 silver? Would that now stop you from buying $6 silver? Of course not. A few years from now, people without silver will be kicking themselves for not buying "cheap" $36 silver.

[Lemon Thrower]

Silver hit $36 in 2011 also - and went higher. So singular is not the right word.

Let hope it takes out its all time high from 2011 and 1980.

[coindood]

Silver is $14 from $50/oz. The last time it was $14 less than the current price was only in 2023. Could we conceivably see $50 in two years? Maybe sooner?

[shinnosuke]

Silver is $14 from $50/oz. The last time it was $14 less than the current price was only in 2023. Could we conceivably see $50 in two years? Maybe sooner?

The Fed is going to have to print to refinance government spending gone wild. Print and print and print. I predict $50 before the end of 2025.

[68Camaro]

Silver hit $36 in 2011 also - and went higher. So singular is not the right word.

Let hope it takes out its all time high from 2011 and 1980.

Singular within yesterday's market, but not unique across all time.