Silver has liftoff!
(publicintelligence.net)
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Very nice. I bought a nice 100 oz Englehard bar yesterday and expected the price to be sub 25 today.
Hodl frens we are getting much closer.
That’s how my luck would be, too.
https://www.kitco.com/news/article/2024-04-02/silversqueeze-coming-stocks-could-be-depleted-two-years-td-securities "#silversqueeze is coming, stocks could be depleted in two years - TD Securities"
Not to mention the massive shorting through worthless silver certificates
Gold trading at over 2,300. Taking historical gold silver parity into consideration, silver has to more than double to catch up. That would be exciting.
Silver is the most manipulated asset
Exactly. The silver/gold ratio is over 85 to 1 -- historically that's VERY high; the US bi-mettalic currency had the ratio at about 15.5 to 1 (one-ounce gold coins were $20 face value -- and contained 0.9675 ounces of gold -- while one-ounce silver coins were a single dollar and contained 0.77344 ounces of silver).
https://yandex.com/search/?text=gold+content+of+%2420+US+gold+coin
https://yandex.com/search/?text=silver+content+of+%241+silver+dollar
24-25 per ounce? Let me know when it gets back up near or above 40 like it was around 2012.
This doesn't look like a liftoff to me. Granted the banks have been playing the market for decades now from their PM desks to keep prices artificially low on physical. It's certainly been successful for them for far longer than I ever thought possible.
What happens when it breaks $1,000/oz
Hyperinflation on the path to discovering the true market value of the dollar.
Also something similar to but not necessarily specifically "A quart of wheat for a denarius, and three quarts of barley for a denarius".
Right. In 2020 it was near 30 an oz.
We just broke 27 with over 500 million oz traded today so far. That's about one years production.
Hell it's still below 2021 top price, I'll get excited when we pass that.
Thanks for the great pic!
Thank NASA Studios production team in Houston
Both in Euro's and Dollars....very good in deed.
Interesting that this rise is context-enriched by the decrease in Bitcoin and other crypto and trouble ensuing in Iran.
Hasn’t budged in Canada the highest an ounce was 2 years ago was 45$. It’s still hovering at 39-40 where it’s been since
I dont think its lifting off yet. I wish. Needs to go into the hundreds.
According to zkitco it's $26.56 / oz now.
Make that $26.79
26.96 now
Holy shit
It changes by the minute. I normally just check at end of the trading day to see what it is.