Silver Monitoring Thread $ (USD) only

[5huggy]

[goldmember44]

Sky is the limit now...$20 will soon fall. I want to load up on more while it's still possible.

[DarkChameleon]

1 minute ago, goldmember44 said:

Sky is the limit now...$20 will soon fall. I want to load up on more while it's still possible.

You got a few days for that me thinks, even if it crosses 20 it shouok d get pushed back to 19.50 for a day or so to breathe.

[DarkChameleon]

Cracked 19.40....next push downbwill be the 19.50.

[5huggy]

Just now, DarkChameleon said:

Cracked 19.40....next push downbwill be the 19.50.

[DarkChameleon]

Thankfully got some eagles today at $22.50 each...

[DarkChameleon]

Just crossed $20/oz 11.15pm

Now $20.10/oz 1118pm

Edited July 21, 2020 by DarkChameleon

[sixgun]

Hmmm it looks like the blue touch paper has been lit and the ignition sequence has started.
This is why i asked a couple of weeks ago, why is there so much metal up for sale? Were members hard up or did they think prices were going to do a Wonger? 

Edited July 21, 2020 by sixgun

[Kookaburracollector]

1 hour ago, sixgun said:

Hmmm it looks like the blue touch paper has been lit and the ignition sequence has started.
This is why i asked a couple of weeks ago, why is there so much metal up for sale? Were members hard up or did they think prices were going to do a Wonger? 

I was thinking the same. I have about 800 ozs of physical silver which I bought for investment purposes 3-4 years ago. I keep looking on TSF and can’t believe how many folk are selling. I understand that dealers have to to earn a living, but I have kept all of my powder dry. My price target for selling is not even close yet...If I can afford to hold out I will.

Eric Sprott did an interesting post market wrap up on Friday with Craig Hemke (on YouTube). He is getting some of the gold miners he owns to use the huge amounts of free cash flow they are generating to buy physical silver, and is encouraging others in the industry to do the same. I know First Majestic have been doing this for some time. Huge numbers of contracts are now standing for delivery...we are hopefully in for a very interesting few months...let’s hope we see $50 silver soon!

Edited July 21, 2020 by Kookaburracollector

[DarkChameleon]

8 hours ago, Kookaburracollector said:

I was thinking the same. I have about 800 ozs of physical silver which I bought for investment purposes 3-4 years ago. I keep looking on TSF and can’t believe how many folk are selling. I understand that dealers have to to earn a living, but I have kept all of my powder dry. My price target for selling is not even close yet...If I can afford to hold out I will.

Eric Sprott did an interesting post market wrap up on Friday with Craig Hemke (on YouTube). He is getting some of the gold miners he owns to use the huge amounts of free cash flow they are generating to buy physical silver, and is encouraging others in the industry to do the same. I know First Majestic have been doing this for some time. Huge numbers of contracts are now standing for delivery...we are hopefully in for a very interesting few months...let’s hope we see $50 silver soon!

The pandemic, thelast unemployment check is this week with little sign of action from congress...people are ofgloading before a perceived rush to sell begins that they think wilk drive silver down, if that happens im buying, if it doesnt im holding, while the gsr drops its all good if your willing to go lateral and not liquid.

[Zhorro]

Through $21 !

[DarkChameleon]

4 hours ago, Zhorro said:

Through $21 !

Through 21.30

[DarkChameleon]

8 hours ago, Zhorro said:

 

$21.50, nice movement after hours...i know its going to drawback but nice wnile it keeps climbing.

[Milkyo]

21.84 😱

[Jcollet]

Now this is crazy

[DarkChameleon]

$22.40

[Kman]

Has silver become a crypto currency or lol what is going on 

[Jcollet]

this is silver making a move to bring the GSR to somewhat normal levels - thats what I see

[Silverscrooge]

Atkinsons has stopped taking orders as silver hits £17.60 😆😆

[Airhead]

I think I may be keeping my powder dry for the moment, the price has risen too fast to be sustainable so l am wondering if a pullback or correction may occur. I have seen these spikes in the past and you usually see a corresponding drop a little while after. I know the fundermentals May be a a little different but I would prefer to see a gradual rise in price. It is exciting though. 😲

[DarkChameleon]

I was buying silver today for $23/oz...did not think i was paying spot...lol.

[DarkChameleon]

$22.80.

[onlyroadtoheaven]

5 hours ago, Airhead said:

I think I may be keeping my powder dry for the moment, the price has risen too fast to be sustainable so l am wondering if a pullback or correction may occur.

Agree. Silver certainly is golds crazy brother - you never know how it will react and it reacts with extremes. A lot of people have been burnt by this in the past. Cool headed sensible investors will win the day with this metal as they would have been quietly collecting over the past few years and now sitting back watching the action.

[Zhorro]

I presume that anyone who shorted silver last week / early this week are going to be in real trouble.

[Zhorro]

1 hour ago, Zhorro said:

I presume that anyone who shorted silver last week / early this week are going to be in real trouble.

Brace, brace, brace.

Down to $21.83 - it looks as if the attempted knockdown has started!