Basically, since I hold physical, it won't change much whether it goes up or down. In my opinion, there will be a sell-off and the price will fall for the time being. I might also sell a few kilos, I still have a few bars and I prefer coins.
I think 100 dollars or 100 euros, then it will drop briefly. It won't last, because I don't think the downward pressure on silver will work anymore. There is also extremely little silver on the market. Try to buy.
I think 100 dollars or 100 euros, then it will drop briefly. It won't last, because I don't think the downward pressure on silver will work anymore. There is also extremely little silver on the market. Try to buy.
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@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
For example: https://www.mp-edelmetalle.de/artikel/silber/3931/silber-philharmoniker-1oz-diff-best-at
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@Charmin Go for it. Most do not offer bullion coins or offer them at a 20-30% premium.
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@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.
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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@Charmin Of course you still get silver. More expensive, your site is even better. But I remember when times were quieter, there was something like grayed out and only sell not in
Apart from that, there's always the shouting. A week ago there were big reports that the price was collapsing because of the balancing of etfs. Everyone should get ready for a price collapse. Balancing was already over by then. It's the normal screaming. When the newspapers say you should buy silver, I sell
Apart from that, there's always the shouting. A week ago there were big reports that the price was collapsing because of the balancing of etfs. Everyone should get ready for a price collapse. Balancing was already over by then. It's the normal screaming. When the newspapers say you should buy silver, I sell
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@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.
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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@Charmin well. The silver bugs will tell you that there was a so-called silver price depression, which has now been broken. Silver is catching up on what has only been bobbing along for the last few years.
I wish you good luck
I wish you good luck
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@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.
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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@Charmin How rare do you think it is? In my opinion, it is more likely to be depleted than gold.
As I said, I wish you good luck. I bet against it.
As I said, I wish you good luck. I bet against it.
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