Silver Monitoring Thread $ (USD) only

[ChrisSilver]

Since there was a topic to discuss current silver price action in £ GBP only, were some posts were being made in that topic referring to the price in USD, I have decided to make this topic.

This topic is to discuss all price actions, predictions, and screenshots of charts etc for silver in USD

[999magnum]

Don't tell wonger about this page.

[Wonger]

50 minutes ago, 999magnum said:

Don't tell wonger about this page.

😀

[STONE]

In a manipulated silver market, they will never let the price go below $13.95. Its simple, they will not force the price below AISC of the mines. They will to continue to buy physical until their greed is satisfied. They may be greedy but they aren't stupid enough to crush the price so low as it forces the mines to close. It would be game over. Once supply begins to dry up and they have the market cornered(which they already do) and supply has been getting chewed up for the last 16 years, they will let it go. The only thing that will end the paper game is a physical shortage in silver and that is coming real soon. Its one of the oldest story's in the book. Suppress the price, buy everything in sight then allow the price to rise. Monopolies have been going on for a long time... JPM and a few other big players stand to make billion's on the play.

Edited March 1, 2019 by STONE

[Frost]

Today the price has fallen a little bit - $15.48 at Kitco, let's see how it will change

[JinKesef]

i think it’s because of the government not shutting down and we’re in talks with China its dropped but I think it’ll float around 14-15 during the summer, hopefully 

[EdRossi624]

Funny. Todays spot is $15.48 at SD Bullion.

 

[SilverPanFan]

Spot s $14.97 as of today at 1:04pm (13:04)

Edited April 24, 2019 by SilverPanFan

[vand]

Not been a pretty last few weeks for PMs.

$14.62.

I think we're entering the bloodbath phase of the current decline and pretty close to what will turn out to be the bottom for this year.

[Wonger]

The lows are in as of yesterday, buy them when their crying! 😀

[ChrisSilver]

I might be wrong, but looks like the price might shoot higher as support is building, looks like a flag pattern to me.

[vand]

The odds are very good that the intermediate bottom is now firmly in, after a 4 month trend downtrend.

I'm predicting that the PMs market will surprise many people, include those invested, with its next significant move, which should be to the upside. We've had a very long multi-year consolidation which has conditioned every to expect more of the same, but this is when markets defy those expectations.

$1500 gold and $18 silver are realistic 6 month targets.

[HighlandTiger]

34 minutes ago, vand said:

$1500 gold and $18 silver are realistic 6 month targets.

Well that's jinxed it. I now expect silver and gold to fall. 😜

[EdRossi624]

$14.99 today as of 4:20 Pm and I am buying as much silver as I can be for our dollar pulls an Elvis.( Takes a poop and dies ) I want to see Trump kill the fed after November 2020. Gives me lots of time to stack Gods money.😀

Edited June 13, 2019 by EdRossi624

[MetalMandible]

Waiting patiently for that S:G ratio to hit 50:1 so I can turn 100 oz of unappealing bars/rounds set aside into a couple more oz of gold for the stack!  88:1 today, definitely an improvement over the 93:1 that we saw recently.

[sovereignsteve]

4 hours ago, MetalMandible said:

Waiting patiently for that S:G ratio to hit 50:1 so I can turn 100 oz of unappealing bars/rounds set aside into a couple more oz of gold for the stack!  88:1 today, definitely an improvement over the 93:1 that we saw recently.

Don't forget it had been around 70 for ages, so don't hold your breath😉

[DarkChameleon]

The shell game continues, the sale of silver to buy gold then the sale of gold to buy silver all to manipulate gold, keep it as low as possible for as long as possible, while streaming silver into the market at a slow rate to hide the build up of gold, stashing for the impending currency wars...the one left with the most powerful currency wins, I'll be holding both metals...if I have to have the red headed stepchild I want the university grad too.

[DarkChameleon]

Just crossed $16.30 and climbing.

[DarkChameleon]

Now just hit $16.50...people still buying today?...I know I am, in about 20 minutes..lol.

[SmoggyPluto]

I just recently started buying for the first time. The price seems to have gone up pretty fast in the last two days. I am also unfamiliar with the fluctuation of market prices. Should I wait for a drop or keep buying at current price?

Edited July 19, 2019 by SmoggyPluto

[Stu]

1 hour ago, SmoggyPluto said:

I just recently started buying for the first time. The price seems to have gone up pretty fast in the last two days. I am also unfamiliar with the fluctuation of market prices. Should I wait for a drop or keep buying at current price?

No one can answer that for sure buddy. My advice would be buy what you can afford as I think silver is still way undervalued at these levels. There's a lot of folks selling some of their physical gold and taking some profit currently. For me I see the bull market has got miles to go and wouldn't sell at this point but what do I know, it could potentially drop significantly again. 

[SmoggyPluto]

6 minutes ago, Stu said:

No one can answer that for sure buddy. My advice would be buy what you can afford as I think silver is still way undervalued at these levels. There's a lot of folks selling some of their physical gold and taking some profit currently. For me I see the bull market has got miles to go and wouldn't sell at this point but what do I know, it could potentially drop significantly again. 

I see. That makes sense, your advice is very much appreciated. thanks!

[MetalMandible]

On 18/07/2019 at 04:41, sovereignsteve said:

Don't forget it had been around 70 for ages, so don't hold your breath😉

Teetering at 85.. If it can get under 80 in the next few weeks I can start getting my hopes up for sub 70 by fall.

[HawkHybrid]

On 25/07/2019 at 18:53, MetalMandible said:

Teetering at 85.. If it can get under 80 in the next few weeks I can start getting my hopes up for sub 70 by fall.

 

by which fall? (trading the gsr takes decades)

 

HH

Edited August 4, 2019 by HawkHybrid

[MetalMandible]

9 minutes ago, HawkHybrid said:

 

by which fall? (trading the gsr takes decades)

 

 

Maybe if you're hoping to for 30:1 like 2011...

The way I look at it is simple.  If I bought my Ag cheap when the ratio was over 90:1, and trade it around say 70:1, I have now acquired gold for significantly less or have paid the current price and netted free extra silver.  70:1 is quite reasonable to look for, all things considered.  In the last year alone we have seen a +/- 15 fluctuation in the GSR, and historically, prices overall tend to rise as we approach the end of the year.