The current spot price of silver is a corrupt heavily manipulated fiction. Notice where the premiums on an oz. of silver are nearly $13 USD in some cases. That's a better indication of the true value/demand. The current spot of $23.40 is a function of the paper silver market. If you're holding physical silver at the moment, pay no attention to the spot price and consider yourself well protected and hedged against what's coming when SHTF. Now is the time to be converting fiat into precious metals. I consider $23.40 to be a bargain. Time to load up on some more Sunshine silver rounds while the 'gettin is good.
Get as much as you can afford to hold. Don't buy with cash you need. Buy consistently, forever - every pay check. You have a great start with 140oz, more than most people on the planet. If you had 10x that much I wouldn't say you have too much.
We saw this in March after the market crashed. The silver market actually dipped as people were flooding out of the stock market and into commodities. It doesn’t make sense until you realize that this lower price was for the market to settle their contracts. You couldn’t actually buy real silver at this price.
The premium is huge, the quantities in stock are low. People are stocking up big time. This is a huge wake up call for the value of the dollar. The spot price shows massive manipulation. I have never seen premiums this high before.
Could be. Keep in mind, $22.50ish is the price it would need to bounce off of according to the TA (Technical Analysis) experts. They believe the previous high must be tested to ensure the new higher prices are stable.
Not that I believe in TA, but all the big traders do...so....there's that.
Manipulations is of course the ultimate answer, but the manipulators also play the TA game to give things an air of legitimacy.
Silver is still in heavy backwardation, which is an indicator for scarcity and they will need to raise the paper price or the exchanges are in trouble - these are temporary measures but also a good opportunity to buy the metal cheap.
The current spot price of silver is a corrupt heavily manipulated fiction. Notice where the premiums on an oz. of silver are nearly $13 USD in some cases. That's a better indication of the true value/demand. The current spot of $23.40 is a function of the paper silver market. If you're holding physical silver at the moment, pay no attention to the spot price and consider yourself well protected and hedged against what's coming when SHTF. Now is the time to be converting fiat into precious metals. I consider $23.40 to be a bargain. Time to load up on some more Sunshine silver rounds while the 'gettin is good.
I agree. No sense in keeping the fiat. Keep silverstacking.
i have 140 oz, should i consider getting more, or do you reckon that is a good stock
Get as much as you can afford to hold. Don't buy with cash you need. Buy consistently, forever - every pay check. You have a great start with 140oz, more than most people on the planet. If you had 10x that much I wouldn't say you have too much.
I put my last “Covid stimulus” the one we got under Biden, all towards silver. I figured it was all Monopoly money anyways
That's what I've been doing with my Trudeau-Bucks. This is the way.
We saw this in March after the market crashed. The silver market actually dipped as people were flooding out of the stock market and into commodities. It doesn’t make sense until you realize that this lower price was for the market to settle their contracts. You couldn’t actually buy real silver at this price.
The premium is huge, the quantities in stock are low. People are stocking up big time. This is a huge wake up call for the value of the dollar. The spot price shows massive manipulation. I have never seen premiums this high before.
Silver and gold. Selling solid assets to cover GME moon?
Prepare for market crash and silver rocket
Typical metals market for first weeks of August.
Could be. Keep in mind, $22.50ish is the price it would need to bounce off of according to the TA (Technical Analysis) experts. They believe the previous high must be tested to ensure the new higher prices are stable.
Not that I believe in TA, but all the big traders do...so....there's that.
Manipulations is of course the ultimate answer, but the manipulators also play the TA game to give things an air of legitimacy.
Silver is still in heavy backwardation, which is an indicator for scarcity and they will need to raise the paper price or the exchanges are in trouble - these are temporary measures but also a good opportunity to buy the metal cheap.
Just a better time to buy.