3Mon·

When will the silver rally end, what do you think? Am I thinking of buying more?

22 Comments

3Mon

In the long term, I think the silver rally will come to a stop when the historical gold/silver ratio is reached, which is around 20. In other words, you have to pay 20 ounces of silver to buy one ounce of gold. At the moment, gold is at around €4200, which would be the equivalent of €210 per ounce of silver. So I still see a lot of upside potential, even if there may be short-term sell-offs and profit-taking.

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Klein-Anleger@Klein-Anleger

3Mon

100$ - 105$ will still be tested, then the flag will be sold off for the time being, in my opinion

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D.S.@Crash-Propheteus

3Mon

@Klein-Anleger Then we can already go short.....

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TotallyLost@TotallyLost

3Mon

@Klein-Anleger hopefully, I have knockouts at $99.99, $108 and $115 ...
I've already mentally said goodbye to the $99.99. 😅

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Klein-Anleger@Klein-Anleger

3Mon

@Crash-Propheteus No, at around 101-103 I'll look for a warrant with a KO of around 106 and then it's off to the races 😜

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ThomasHH@ThomasHH

3Mon

@Crash-Propheteus Going short on silver is destroying money

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Charmin@Charmin

3Mon

Something similar to 2010/2011 is happening right now. Unusually strong and inexplicable rise, but lots of "silver is being artificially held down by them", "silver is in short supply" and similar nonsense.

I'm still holding my silver, but will be more careful from March onwards. If the price goes above 150, I will sell everything and immediately go short with 50 percent of the profit ...

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Daredevil@daredevil

3Mon

My target for this year is €160. There will be corrections along the way, but the bull phase is just getting started. Gold silver ratio is still relatively high compared to other bull market highs

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fund_manager_2787@fund_manager_2787

3Mon

@daredevil I see that too so☺️

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Finanzaristokrat@Finanzaristokrat

3Mon

I am short and buy the higher it goes. Silver is being brought into the industry on a massive scale. Nobody can afford a high silver price. It's just going to go boom soon

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BockaufDividenden@BockaufDividenden

3Mon

@Finanzaristokrat In my opinion, you are already contradicting yourself within two sentences:
"is massively needed"
"nobody can afford a high silver price"

Yes, what is the central issue here regarding supply and demand?

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Finanzaristokrat@Finanzaristokrat

3Mon

@BockaufDividenden You have not understood. Silver is needed in industry for processing. A company cannot afford for these prices to be so high in processing.

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GAE@The_Investo_tte_r

3Mon

I think the air will soon be out. I sold my silver holdings after I made more than 100% profit despite 20% VAT and realized the book profits.

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trade_visionary_2240@trade_visionary_2240

3Mon

If you look at Frank's thought and look at the big banks like Goldman Sachs, GlobalData or Vanguard and even Bank of America he is very well off as the banks see gold at 5,000$ to even 6,700$ and silver at 220$-309$ in the maximum which would correspond to a price of 200€-280€ at the ratio reported these 30-16 in the peak if the solar and ki bubble does not burst so there is still such a demand there.

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Deleted User

3Mon

Comment was deleted

Charmin@Charmin

3Mon

@Madhatter5566 How do you "try to buy"? You can buy silver from any of the usual dealers. No problem at all.

For example: https://www.mp-edelmetalle.de/artikel/silber/3931/silber-philharmoniker-1oz-diff-best-at

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Deleted User

3Mon

Comment was deleted

Charmin@Charmin

3Mon

@Madhatter5566 Take a look at the link. You can buy 3000 ounces there immediately.

The "help, help, there's no more silver" thing is one of the reasons I went short. It's all hype and FOMO. There is no sudden shortage of silver. It's just the usual narrative (Schiff, Maloney, etc.) to get people to buy.

Of course the premium is higher. The traders have to protect themselves against the vola.

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Deleted User

3Mon

Comment was deleted

Charmin@Charmin

3Mon

@Madhatter5566 Let's see. I've been short since today with a strike of 70, expiring at the end of August. If it goes lower than USD 68 by then, I'll make a profit, if not, then not.

But if I look at the current chart (there have only been green candles for the last 9 months, which has never happened with silver, at least not since 1980, I haven't looked before), then it's not completely out of the air that it could work.

Let's see.

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Deleted User

3Mon

Comment was deleted

Charmin@Charmin

3Mon

@Madhatter5566 Oh my, if I had gotten an ounce of silver every time for every "the price is artificially kept down 'by them' - I would have been a millionaire long ago".

Yes, it didn't always go smoothly. But silver is not as rare as people would have you believe. And historically not worth as much as is being paid now.

It will come down again. For me, it would be nice if that happened before August.

That's all.

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