I seem to be getting addicted to looking at the price constantly. It’s amazing how much it’s been going up each day. I know it went down today after going way up but it doesn’t take very long to start going back up. Their games they play don’t affect it for very long now, like it did in the past.
Dollar is tanking hardcore? LMK when gas prices start to go up. The dollar may be losing a bit of value but silver (and gold) are rising faster than USD is falling.
Shanghai is often listed including 13% VAT.
After the January 1st shutdown of Chinese exports, we’ll probably see the opposite very soon, Comex futures trading above Chinese physical in Shanghai.
There’s not enough physical in the world, and removing China from the equation, is making it extremely difficult for the west to supply our demand.
Expect pull backs before rapid retracement to the uptrend now that day traders are piling in and then taking profits (in fiat). The liquidity in the market is so low that it doesn't take much to shift price.
I don't think these pull-backs represent actual silver being sold, just long contracts being settled for a quick profit, hence why they really affect the trend.
Anyone buying actual silver (retail) has a massive premium to factor in (in the UK when you also take VAT into account it amounts to around 50% !)
They were scammed. There should be no bail out, the acammers should all be divested of all their possessions and put in prison. Of its a bank then the bank is finished. Those dumb enough to have bought fake silver can get in line to collect 10 cents on the dollar. Nobody bailed me out when i bought a bad stock and it was a legal stock.
Ag $111+ right now....It's creepin back up!
It was like $118 earlier today, then dropped to $103.xx - Now $111.xx
Frickin WILD!!!
Still not too late to get in folks...Old stackers are still buying...
u/#tothemoon
I seem to be getting addicted to looking at the price constantly. It’s amazing how much it’s been going up each day. I know it went down today after going way up but it doesn’t take very long to start going back up. Their games they play don’t affect it for very long now, like it did in the past.
It's okay. I'm still watching almost everyday for 5 years now at the GME price chart. 😅🥲
You get zen about it, but you still check.
After it hit $100... I only look like 3x a day now...
Anything above $100 is total gravy...
It's bipolar tho...
It's exciting watching it go up...
But the reality is, the dollar is tanking hardcore...
Yes. Tanking. Dont be left holding much cash when the music stops.
Dollar is tanking hardcore? LMK when gas prices start to go up. The dollar may be losing a bit of value but silver (and gold) are rising faster than USD is falling.
I believe it's a controlled demolition...
Look at Treasuries...
Oil is dirt right now - less than $60 a barrel.
I look at it now amd am not even surprised when it jumps 5 bucks.
We will trade sideways all night and then tomorrow they start buying back the paper they dumped today. IMAO
Shanghai is trading at $126 and change
https://www.bullionstar.us/charts/silver-price-today
Shanghai is often listed including 13% VAT. After the January 1st shutdown of Chinese exports, we’ll probably see the opposite very soon, Comex futures trading above Chinese physical in Shanghai. There’s not enough physical in the world, and removing China from the equation, is making it extremely difficult for the west to supply our demand.
If anyone missed out buying shiny,here are some great tips on picking silver mining companies.
https://www.youtube.com/watch?v=fpL5PZzMHW4
One thing to be careful with miners is that governments tend to be very interested in suddenly owning certain mines when spot surges.
American and Canadian mines should be ok, but South America might become pretty unstable pretty fast when silver hits $500 and above.
Due diligence as always, and if you don’t hold it, you don’t own it.
Thanks I'm focused on US mines.
Silver is getting real hard to buy these days,and not everyone can safely store or own it. We all have different risks.
That's how Fractional Reserve banking works. Right now there appears to be a "bank run" on silver.
Expect pull backs before rapid retracement to the uptrend now that day traders are piling in and then taking profits (in fiat). The liquidity in the market is so low that it doesn't take much to shift price.
I don't think these pull-backs represent actual silver being sold, just long contracts being settled for a quick profit, hence why they really affect the trend.
Anyone buying actual silver (retail) has a massive premium to factor in (in the UK when you also take VAT into account it amounts to around 50% !)
Silver has a ways to go yet.
That's the second dumbest thing in terms of finance and monetary policy that I've ever heard.
They were scammed. There should be no bail out, the acammers should all be divested of all their possessions and put in prison. Of its a bank then the bank is finished. Those dumb enough to have bought fake silver can get in line to collect 10 cents on the dollar. Nobody bailed me out when i bought a bad stock and it was a legal stock.