Silver Monitoring Thread $ (USD) only

[HerefordBullyun]

Silver broken $22 an oz today sprung right up from the DXY drop and fed intentions - this really can now turn into psychological support now. Lets hope gold can hold now at it current position. Really positive movement.

[BLOOMMAN101]

[pmbug]

So... is 2024 the year?  Will silver finally break loose?

[Bigmarc]

50 minutes ago, pmbug said:

So... is 2024 the year?  Will silver finally break loose?

How much profit are you looking to make?

[pmbug]

25 minutes ago, Bigmarc said:

How much profit are you looking to make?

I'm not looking to sell.  I just see the various forces at work and marvel at how low silver is currently priced.  Demand is up, production is down, supply is draining.  At some point, current market price discovery is going to find out.  Maybe in 2024.  Maybe not.

[Chronos]

Utah Formally Empowers State Treasurer To Protect State Funds With Gold And Silver:

https://mises.org/power-market/utah-formally-empowers-state-treasurer-protect-state-funds-gold-and-silver

[Tn21]

28 bucks babbby

[pmbug]

Market folk keep telling me that USD $30 is the next major resistance level.   🍿

[Chronos]

After Illegal Veto, Kentucky Becomes 45th State To End Sales Taxes On Gold & Silver:

https://www.moneymetals.com/news/2024/04/12/kentucky-becomes-45th-state-to-end-sales-taxes-on-gold-and-silver-003120

[Tn21]

If this 30 bucks hold, we could be onto something 

[pmbug]

[Tn21]

Your kidding me, 

30 bucks then 31 USD in the same day 

[Chronos]

Signed Into Law: Alabama Abolishes Income Taxes On Gold and Silver:

https://www.zerohedge.com/political/signed-law-alabama-abolishes-income-taxes-gold-and-silver

[pmbug]

I might be crazy...

https://www.pmbug.com/threads/silver-might-10x-within-the-next-3-years.7455/

[Gruff]

Now that's a spike before the close...

[Chronos]

Louisiana Reaffirms Gold and Silver As Legal Tender:

https://www.moneymetals.com/news/2024/05/31/louisiana-reaffirms-gold-and-silver-as-legal-tender-003227

Edited June 1 by Chronos

[pmbug]

Silver jumped this morning on a cooler than expected CPI print.  If the Fed announces a rate cut this afternoon, silver will likely be off to the races.

[CANV]

It’s all about keeping it under 30 bucks for the bankers 

[CANV]

crunched under 30 bucks for the close   

[CANV]

here we go again. 

[Tn21]

Fear not, was always going to dip below 30usd imo and here are at 28 and some change. 

Again fear not, (I hope) 

[Tn21]

We are getting smoked on silver today

[Chronos]

Kentucky Governor Plans to Collect Sales Tax on Gold and Silver Despite New Law:

https://www.moneymetals.com/news/2024/08/05/kentucky-governor-plans-to-collect-sales-tax-on-gold-and-silver-despite-new-law-003360