Unusual Saturday move on silver
(twitter.com)
Comments (16)
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I saw that on the silver boards. My guess is they don't want to sell any more,and encourage people to buy from the others.
Yeah, if I were a reseller, I would want to hold onto as much as possible.
They can say whatever they want for the current price on their website.
I don't disagree.
They must be watching the fake AI Asian guy we we are.
This is going to be a problem for the banks holding silver futures.
That's not high enough to prevent buying these days. Just a money grab?
What does that mean exactly?
Just a really huge move on an asset where a 2% change would be big (usually around fed decisions).
Indicates some of the fraud machinery is malfunctioning.
"some of the fraud machinery is malfunctioning."
Spot on, imo. It simply is impossible at this point for things to go their way. The game has irretrievably changed, and they literally are at a loss about what can be done...
Because nothing can be done. It really is dawning on me that we're seeing the machine trip and fall, like those giant leggy mechanical things from Star Wars when they got tripped up by whatever things went flying around their legs. Whatever other chaos is unfolding, I think we're currently arriving at the F.O. stage that we've been hankering for.
Your guess is as good as mine. Whatever it is, it's very unusual.
Hoping for the possibility of $500 oz USD….
I can wait patiently 👍
Silver should be more like 5-15k per oz, not 500. I believe it will get there before trumps 4 year ends
Even better, but I like to think low numbers first 😎
Hope so. Just bought some more to keep stacking.
Good call, looking forward to the fed collapse
Coinflation.com says $79.33 per ounce for silver. That's where I usually go to check, as it also tells the melt value of coins.
I used to be able to buy a loaf of bread for a single silver dime. Today, I can buy two loaves. That means the price of silver is high compared to other commodities.
Gold is $4562, which seems a bit much also. Before the Fed, an ounce of gold was $20 and could buy a nice suit. If today's ounce price is any indication, I don't believe I can ever buy another suit. The current price is over twice what a good custom men's suit should cost.
As high as silver is right now, it's still way underpriced compared to the price of gold based on relative rarity of the two.
Went up another dollar to $81.59 earlier today.