Silver Price Action

[Shinus73]

To my eyes, the price action of the last two weeks feels as close to the start of the run up of 2010/2011, as anything has in the intervening period.

Does anybody else who goes back that far agree?

[Hawk789]

Spot silver on fire now 🔥 

[Kieran95]

can't believe it not really been paying attention to the price to much last 4yrs now I can't stop

[mousefu]

I was hoping to buy more before it started rising. Hopefully it tanks for a bit so i can double up.

[Jcollet]

I’ve seen this a couple times since then. We’ll see. Times are a little different.

[Chicagodogs]

Since the SEC told JP Morgan to stop rigging the silver market. Gold and Silver will rise until the stock market correction. They will fall with the market and then past $50, then another pull back from the people that bought near $50 in 2010 and want out. Then it's off to triple digits!

[HillWalkerDundee]

9 hours ago, Hawk789 said:

Spot silver on fire now 🔥 

Ouch. I hadn't looked today. Burny, burny 🙂

[StackSellRepeat]

£17.63 an oz AG 🔥🔥🔥🔥

[Pete]

Keep stoking the fire and let's raise some real steam !!

[davehard24]

I have only been in to this stacking business since April and this is the highest I have seen the spot price.

[swanky]

Likely cause for recent move: Sprott Silver Trust are raising $1.5 billion to purchase silver over next 25 months - https://www.silverdoctors.com/silver/silver-news/sprotts-goin-on-a-physical-silver-buying-spree  (not the best site, but few are covering this).

So, I think this move is here to stay.

[Chicagodogs]

They find more uses for silver yearly. Many say it's just an industrial metal. And if manufacturing falls so will the silver price. They also say that about palladium. But palladium is the most expensive right now. They use it for catalytic converters, but car sales are thru the floor. I heard they invented cold fusion, something the size of a 12 inch cube that can make free electricity to supply every home. The main ingredients are silver and palladium. 

[Martlet]

2 hours ago, Chicagodogs said:

They find more uses for silver yearly. Many say it's just an industrial metal. And if manufacturing falls so will the silver price. They also say that about palladium. But palladium is the most expensive right now. They use it for catalytic converters, but car sales are thru the floor. I heard they invented cold fusion, something the size of a 12 inch cube that can make free electricity to supply every home. The main ingredients are silver and palladium. 

Good old cold fusion, keeping science writers busy saying its "just around the corner" since the 1980's.

[SilverGameOfThrones]

THE SILVER KRAKEN WAS RELEASED !!!

🚀🚀🚀🚀🚀🚀🚀

https://www.youtube.com/watch?v=mqb-lSOF1hAs

🚀🚀🚀🚀🚀🚀🚀

[Vai]

On 23/07/2020 at 10:34, Chicagodogs said:

I heard they invented cold fusion, something the size of a 12 inch cube that can make free electricity to supply every home. The main ingredients are silver and palladium. 

They haven’t. Even normal fusion (the sort that powers stars and require temperatures of millions of Kelvin) is still not up to reliably generating more energy than is put in to start it up.
 

As far as I’m aware “cold” fusion is physically impossible and doesn’t occur anywhere in the universe. You’ll always need massive temperatures and pressures to convince atoms to fuse together.