kojak

So do we think Silver will close the week out on the up or levelled out nicely around the $27-28 mark?

I know k-man originally thought the pull-back would be around that $22-23 range.

We will soon find out!

I was looking to offload some of mine at £22.50 which was hit but more at the spike, should of sold some at £22.

I'm a buyer if I have the funds soon at $25 and $22-23 range mind you.

My original guess was a pullback to around $25.25-25.80

So bang in the range, hopefully it holds steady for rest of this evening then starts making some gains or consolidates.

7 minutes ago, vacancies said:

Yeah- gift be something fishy. Already had a shifty email from the vendor in Germany.

 

Not yet moved to despatch. I ain't holding my breath. But money's safe and if it turns out to be real then a geiger 1kg for 480 is this year's steal.

What kind of shifty email?

16 hours ago, vacancies said:

Sydney mMarkets about to open - ramp up or continued pullback????

I think there about to take off again.

6 minutes ago, Oldun said:

It is a strange world when Trump is more left than the Democrats in policies as the Democrats’ only raison d’etre is to do and say the opposite of Trump, which makes it so so easy for Trump to make the Dems look stupid and anti democratic. Anyway, the usd is not in any particular bother right now despite the recent drop. And with all that, silver prices have risen....think about that for a second....

In the words of trigger from only fools and horses 'so what you saying?' for the simpleton like me.

That when it does get in real bother, silver prices are going to soar like a golden Eagle?

This is just getting absurd. Its increased from $20 to virtually $30 in the space of 3 weeks. The same similar move took months almost 10 years ago.

Looks to be potentially on the move again.

Do you think the election result might crash the metal prices? I mean let's say Daves prediction is right time wise. Could it hit $50 then come back down to earth due to timing, repeating history.

My own view is I can see silver hitting somewhere between  $65-104.

Not even counting if a vaccine gets found sooner rather than later also, that would also shift the price back down quickly imo.

If it gets near ATH in the future I'm predicting a huge sell off at this rate.

@DarkChameleon yeah your right, I do expect a similar thing again.

I'm not in a rush. I was in this for the long run and this mess is going to be with us for some time yet.

It wouldn't surprise me to see silver touch near 3 figures some time down the line. 

I have this strange feeling it's going to shoot it's self in the foot and drop so quickly at some point! I expect it'll peter out then drop, then stabilise for a little while until it makes a move again.

Looks like it's being seriously overbought at the moment.

I think a long term bottom in the future could well be around the $20-22 range. I think a lot will depend on the future of the world in general years down the line from now.

.02 off a $ to hitting $28. Be nice for the market to hit a nice support for over the weekend then see what happens next week.

38 minutes ago, terakris said:

Its great its climbing but i think we need it to settle so people can work out prices and premiums. There are wanted posts for "at a decent price" cos right now its hard to price stuff with it changing so much and I think some are finding it hard to pay £25+ per 1oz coin when a few weeks ago the same coin could have been £20ish. I sold some coins to a friend recently for under the current spot price, that was a week or so ago, so its moving fast. If it can just settle at say £21 then people can rework out the premiums on top to say £25 for non-vat sales per oz perhaps.

 

I agree to a degree but there also some people wanting yesterdays priced (say £18-18.50 an Oz spot) when todays prices are (£20-21 an oz spot).

I agree @Oldun. However the amount of 'friends' who have shoved into my face the amount they earn compared to me, without comprehending that they are personally responsible for investing some of that higher pay for there future when they retire is astounding.

They are the same people who will complain about my pension.

I made the choice to accept lower wages on the basis I would have a good pension scheme.

I'm aware that not everyone has had the luxury of being able to make that choice, it just annoys me when those who had the choice and the money to invest in there future havent bothered.

Anyhow better get back on topic!

25 minutes ago, Oldun said:

Are you really going to pursue this choice of words in the bigger picture of things ? 
Here, this might help.
https://www.cnbc.com/2020/08/04/the-fed-is-expected-to-make-a-major-commitment-to-ramping-up-inflation-soon.html

and pensions are in real trouble....where can they go for yield.....most have barely 0.5-1% investment in the pm space....https://www.cityam.com/without-reform-the-governments-ponzi-pension-scheme-will-bankrupt-us-all/

All these factors and more will affect pm prices and silver’s....

Was saying to my boss the other day, I wonder how long until the talk about targeting public sector pensions again given the current climate will take, not long as expected!

I wouldn't mind but I get paid a LOT less then what a reasonable equivalent in the private sector would, however I'm realistic enough to acknowledge that my pension, leave and sick pay are part of my overall package.

2 minutes ago, vacancies said:

Breached 26 briefly, but agree a pullback to 25 and some sideways action would be good.

I reckon a pull back close around $25.20ish and then hopefully settle and supports there for another move in the future and to finally breach $26 nicely.

20 minutes ago, Robda1986 said:

I'm watching it at the moment trouble is every time it goes to break through its flat lining and dropping back

Same thing happened when it breached the £18 mark. I think we will see another push again once more stimulus announcements come. Everyone seems to be waiting for 29th July to see if lift off in price commences.

Seems the robinhood millenials are doing what we used to call in sports trading 'chasing the money'.

Quite a lot of them are going to get burnt, like they will (or already have) on Hertz.

Takes time to build a bankroll and even quicker to lose it, no get rich schemes without gambling but far too many new 'traders' are naive to see this.

Still, might give the price a big push after the 29th!

I'm surprised the price hasn't been dragged up a little bit more into the low 18s, especially as Gold seems to be rising nicely and is not far off its all time high. 

4 hours ago, FTYBR said:

9 sealed Apmex bars left here for a reasonable price. And 2oz pirate rounds look decent price too 👍

ordered from this chap years ago when I acquired about 500 1/4 oz Lydian lions and Geigers for £3.70 each 😂

https://www.sarniasilver.com/product/silver-bars&product=apmex-1oz-999-pure-silver-bar-sealed

https://www.sarniasilver.com/product/home&product=2oz-silver-round-the-captain

 

Would you say there a good buy at the price the APMEX bars?