Throughout recent history, the $48 silver price has been a resistance point for silver. Each time silver has reached this price, a sell off would bring the price back down.
Much of this has been instigated by hedge funds working for the globalists, protecting the fiat dollar and Federal Reserve.
Rising precious metal prices would attract investors, thus pulling these investors away from the bond market and investing in the only product the Federal Reserve offers, the fiat dollar.
On Thursday, silver broke the $48 mark, and a large sell off dropped the price of silver by $2.30. Silver climbed back up a full $1 by the end of the day and very quickly reclaimed it's $48 mark the next day. Sitting at $48.22 since the end of the trading day on Friday.
We may see another small sell off at $50 but I think again, silver will recover quickly and break through this resistance point. If we can break through the $50 barrier and maintain this as the new consolidated price for silver, the sky is the limit.
Silver Eyes Historic Breakout as $48 Neckline Looms
https://thetradable.com/commodities/silver-eyes-historic-breakout-as-48-neckline-looms-ig--a
Gold, Silver See Historic 2-Hour Crash as Volatility Hits Unprecedented Levels
Silver Price Forecast – Breaking Above $50 Would Change Everything
I agree. If selling of 250M ounces (1/4 of annual output) only had a fleeting moment of tamp down, which was then fully recovered and more, by close of business the following day, I'm not sure there's anything they can do that will work anymore. It's not like they can do that kind of sell-off volume everyday, yet anything less has no real effect.
Have the levers of manipulation been broken? Interesting this happens just days after the CEOs (manipulators) of Barrick Gold and Newman resign.....
The upward pressure is immense. Gonna be hard for them to hold this back. It will take extreme manipulation and operating outside of the law for them to successfully, meaningfully tamp this down like they used to be able to.
The years of quiet stackers who physically hold it in their hands, seems to be fruiting. The constant withdrawing bullion out of the vaults might actually be affecting supply.
JMO.
Battle is not over. We need a scalp and it will likely be BoA once "continuous contract" closes >$80.
A change in Basel III rules to include physical silver as 100% bank collateral would send it to $440/oz within 6 months and force US banks to flip to net long which would likely push it to >$1000/oz by 2030. A disorderly unwinding of silver derivatives spikes it to $16.5k/oz temporarily, but that appears unlikely (and possibly undesirable) as we transition.
My only problem with timelines like this is that people never consider the macroeconomic and geopolitical factors. It's fine for baselines, but most baselines ASSUME current conditions continue as is. Assuming most world governments collapse (or even just the US federal government) and a collapse of the central bank fiat system with a mass return to the gold or bimetal standard, those timelines get sped up VERY fast and those massive temporary spikes aren't unlikely anymore and become almost guaranteed (though again, very temporary).
And I'm not even getting into the fact that countries like the US are finally designating silver as a strategic metal and will start buying it up for a governmental reserve soon (they haven't yet as far as I'm aware, but its in the works).
At a certain point, its simple supply and demand, every major government and institutional investor on the planet, along with all the FOMO retail investors and degenerate "ape investors" rushing to buy up as much as they can, while supply probably DROPS if anything (because silver is mostly mined as a byproduct of other materials, which tend to drop off in terms of mining output during economic downturns), we'll very likely see a temporary spike like no one could have ever predicted for a few months before it settles down to a more reasonable, but still insane compared to today, price.
And like I said, this isn't the type of thing that'll happen over the course of 5-10 years. When it kicks off, it'll kick off. Think like what happened with bitcoin in 2017-2018 and again in 2020-2021.
This is just my personal experience, but from what I've seen a lot of people in this space (not just here, but everywhere that talks about the topic of silver these days) tends to have a narrow view and get tunnel vision. They want to base things off of historical precedent of JUST silver and not look at the larger macroeconomic and geopolitical picture. Which is fine for baselines, but fails to capture the full picture when you consider that this is a VERY specific set of circumstances that has never occurred all at once and likely never will again.
For lack of a better term, this is a sort of "the stars and planets have aligned perfectly" type of situation when all factors are considered. Investors today are MUCH different than investors even 10 years ago, much less 20 or 70 years ago. So their behavior can't really be compared. Likewise political and economic conditions are much different today when considering the MULTIPLE asset bubbles as large or greater than 2008 and the great depression bubbles ready to pop. And again the political aspect of it all with the exposure and downfall of multiple major world governments with the pedophile and corruption stuff.
It's mind boggling to think about, but you have to account for all of these factors in it all to get an accurate picture of what will probably happen, which I find most don't do.
The "transition" is being managed so it is not chaotic. Look at methodical change over time for gold (2014-2025) which is ahead of silver timeline. Basel III rules in effect July 1, 2025 (US banks) made physical gold 100% collateral (Tier1), but left paper gold at 10% collateral. Why July 1, 2025? Because this event and gold runnup MUST occur prior to US Treasury revalue of their $42/oz Fort Knox/West Point gold. But we are still waiting for an audit of the USG gold and silver. It might look like this? /s https://greatawakening.win/p/19AdgPO9eF/when-the-fort-knox-gold-audit-fi/c/
Gold goes first so Central Bankers don't panic and stop the transition, then silver follows the same road which gold is "pathfinding". Bankers allow it because they think they will be able to use their gold to "stop the silver" later. They are mistaken for all the reasons you listed.
There is a new economic paradigm coming. One with perpetual low interest, u.s. treasury notes gold and silver backed. None of tje current theater matters amd biying silver is still a bargain.
That’s not even considering what happens to the price once Industrial Tech companies start placing large bulk orders to continue meeting production needs for the foreseeable future. As Gold and Silver is used in electronics production.
Lots of small time quiet stackers will sell some of their stack somewhere long before $16,500 / oz and that will soften the rise.
Yes exactly!
They like to sell, make a profit while dropping the market price.
Then, they buy back at the lower price and repeat the process.
The price recovered so quickly they had little time to buy back and if they did, they are buying back at the price they sold at.
If they sold below spot price and have to also pay any premium, they may have lost money.
We can stay regarded longer than they can stay solvent.
Its finally catching up.
For those who don't know,their is a tiny corner of reddit that isnt a commie shithole.
https://www.reddit.com/r/Wallstreetsilver/
Silver is up $19/oz this year! Just a couple years ago it was selling for $19/oz and even less. Once it busts out of this ~$50 resistance zone I think we'll see $19 move in a month and then after that $19 up in a week and even $19 up in a day. Hold onto your stacks and don't give into the temptation to sell this rocketship hasn't even begun liftoff!
Key question: Will Cuomo switch his nipple rings from gold to silver, and at what price? /s
Little known fact they've actually been silver this whole time!
Rofl...hilarious...secret comms via Cuomo silver nipple rings?
Why? Are you in the market if he sells?
🫡
"Price" does not matter. Having it in our possession is what matters.
Get physical Gold and Silver while you still can.
This. Price in fiat does not matter because the metal is worth far more than any fiat "value" funni munni placed on it. Historically, that's been 1/10oz for a day's labor. And that 1/10oz was able to afford having 3+ children, along with living space to accommodate, and the wife tending to the home.
Yep. So many people are still chasing dollars when they should be hoarding money. When the SHTF, it will come down to those with Gold and Silver and those without. People without will have to trade their possessions or work to get it.
ball park how many oz. does your unnamed friend have?
"Years of expenses covered" is a good metric for how much silver one may have (or lost in a boating accident). A target of 5-10 years covered would basically make one independently wealthy at silver >$1000/oz. Note that the metals most similar electrochemically to silver are sister metal Palladium ($1300/oz) and "next lowest energy octave" Gold ($3900/oz), and if physical silver runs out, then more can be made by converting Palladium electrochemically to the desired silver isotopes.
This might be 1700+ ounces for most people.
And Palladium is near a 5 year low.
"make one independently wealthy"
On the "wealth" question I have always put more weight on the "how little you spend" more so than the "how much you have" side.
A low debt lifestyle in my view is very important in building/maintaining wealth.
Hell. If it hits those prices. That’s a life changing amount of money for most people if they have a couple hundred ounces.
Which supposing they invest intelligently. Can just as easily turn into independently wealthy. Granted not as fast the dude with 2000 ounces.
The wildcard is what the dollar is actually worth in buying power at that point.
The all-time high is $49.770, if we can pass $50 and hold, we are in for a ride!
Silver is almost at the same price it was 55 years ago, mighty exciting.
Me, I prefer Bitcoin.
If you were a legit bitcoin millionaire you prob wouldn't be here with us
Growing closer everyday. I bought a little Apple stock in 1982, so I do understand patience, but wailing to get rich on silver makes no sense to me.
We are legion
We need both. You may be able to buy a "free energy capture device" with silver to power your own Bitcoin mining node. Low cost energy capture and transmission relies on silver. Energy is needed for Bitcoin. Low cost energy allows personal Bitcoin mining at net positive "cost of Bitcoin acquisition" competitive with large scale Bitcoin miners. Silver is THE KEY to decentralized energy and Bitcoin mining.
Agreed. I just se Bitcoin as a much better long investment.
You are correct. If you have just 1 Bitcoin now, you will likely be a $ billionaire in approximately 24 years. Then you can start buying controlling stakes in corporations (51%) and firing and blacklisting satanists.
If true, my kids will be. I'll be long gone, lol, but thanks for the thought.
In trading terms, breaking resistance needs to happen on different timeframes, and once price breaks out, that resistance will almost always be retested as support.
Based on this I think it’s feasible we either waffle around under 48-50 resistance for a bit then punch through, or punch it without waffling. Either way, I think we see some nice movement probably followed by a strong pullback to the $50 mark. This is where the old resistance becomes the new support. It will feel crappy when it happens but it’s super important for future price growth.
Another thing I’ve heard people talking about is the ginormous multi decade cup and handle pattern. This is indeed a fantastic setup, but once again, once it does the initial movement it’s going to retest that support before the main move comes.
Disclaimer: I’m no pro just someone who trades now and then. But checkout what I’m saying, it’s textbook.
It may not matter at this point, but silver technical moves from $30 to $44 appeared to be keying off the "silver continuous contract" price CLOSE. It closed at $47.97 on Friday, but I was looking for a close >$48. I think the shorts may try to fight this push to $50, but they may fail quickly and keep remaining ammo to slow the run to $80.
Shorts sold ~230M ounces of paper silver on Thursday to drop price from $48 to $46 with all that erased by Friday. Bank of America appears to be getting setup as "banker patsy" like Bear Stearns and Lehman in 2008. $80 silver implodes BoA due to massive short position, and this "fatal price thresh-hold" inches downward daily as we continue to stack. Post at $30 (1 year ago) discussing miners accelerating paying down of debt and with-holding supply above $33: https://greatawakening.win/p/17t1Mg5Qge/how-sustained-3033-per-oz-silver/c/
It took just 10 days for the $44 to $48 move to happen (using 02OCT as marker): https://greatawakening.win/p/1AR0ZXxOEO/silver-shorts-struggle-to-contai/c/
Move to $50 likely happens next week.
Finally, stacker paradise has arrived.
2M individuals buying 7 ounces of silver each month (~$350), 84 oz per year, locks up all 160M ounces of mined silver not being used for industrial products. Forget "Net-Zero" carbon, we want "Zero Physical" silver.
If it is only 500k of us, then we each need to buy 28 oz per month.
Many of us are buying 100s of ounces per month then "losing it" in boating accidents. /s
Haha!
Mah ninja!
u/#catdance
I gave some away to masked villains every October, when it was under $10.00.
We handed out silver eagles to all the nieces and nephews at Christmas when they were $7-$10 back in the 90’s!
Are they just selling paper silver contracts back and forth to each other to make the price go down?
They wouldn't dare - naked short ladder attacks are illegal.../sarc
Run Silver, Run.
Is silver going to the moon? What’s the expectation? I need to know.
YouTuber Economic Ninja always says one big reason why the price of silver is suppressed is because Jesus was sold out by Judas for thirty pieces of silver. Satan and the powers that be, who knowingly or unknowingly follow him would like to keep that value on the Savior's life lower.
https://thebubblebubble.substack.com/p/is-silver-about-to-crash-like-in?publication_id=2979465&post_id=175149358&isFreemail=true&r=pf5v4&triedRedirect=true
Any thoughts on Tokenized Silver? I am sure there are many. Considering due to hype of pending ISo and coming RWA tokenization.
All new US Silver Eagles have both a flat blank spot on the face and a flat spot on the edge. These are for unique identifier etching and attachment (to be added later?). Basically tokenized US silver currency. It appears to be the same for all US Gold Eagles (1/10 oz are hard to spot). Unique identifiers are easier for bars. Once unique identifiers physically attached, then they can be put on blockchain ledger for immutable "ownership". No more rehypothecation of silver and gold.
I'm not going to admit or deny what metals I have stacked somewhere & also what paper AGQ I have with a broker (because it can't be DMS, I'll obviously try to sell it before the system crashes)
But let me point out there are other assets that have a lot of room to absorb a falling fiat: https://charts.bitbo.io/long-term-power-law/
... - https://www.youtube.com/watch?v=btDmXPLkcrI
I've been hearing multiple sources saying once it breaks $50 it's shooting the moon. And mild to wild forecasts where it'll end up.
Gold 3901.00
What was encouraging to see was silver recover from its slam relatively quickly compared to slams the last 2 years at other resistance levels of 30 and 35. On top of that China markets are closed until the 8th and yet the slams were not nearly as effective. I do believe it will close and break 50 by the end of year.
GSR is also getting better but not where it should be from a historical standpoint.
Ive been stacking for a few years now and in the last 3 weeks ive been getting more friends asking about stacking themselves.
Just a matter of time
50 will happen next week.
It needs to balloon soon. I expect this weekend they will rig it downwards again and hard.