Dropping SILVER PRICES !!!!

[Dozer D]

What's the reason now for silver prices to keep dropping? Is it global economics (Greece), or far east (China/Japan) forcing the downturn in AG pricing?

 

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[Iamrussell]

No one but the grand puppett master knows- really i dont ask questions i just buy as much as i can at this steal of a price- just took half my crh funds to put towards ag

 

[Chizzy]

According to my LCS and other silver dealers in the area.........demand/orders for silver have almost doubled this past week...........

 

[norcalsteve]

According to my LCS and other silver dealers in the area.........demand/orders for silver have almost doubled this past week...........

And still the manipulation will continue and the prices will drop.
The theory of supply and demand does not work when you have a few heavy hitters manipulating the price like we have been seeing for a few years now.
I agree with Iamrussell. Now is a great time to buy.
The one (and best) rule of investing that still holds true is "buy low and sell high".

Happy 4TH OF July everyone!!!!!!!!!

 

[kingskid1611]

It is almost the same as your gas prices, supply is up and demand down and then BOOM prices rise dramatically. Who know what is really going on

 

[CincinnatiKid]

Just buy as much as you can afford to hold...
Peace ✌

 

[CW3(ret) US Army]

What's the reason now for silver prices to keep dropping? Is it global economics (Greece), or far east (China/Japan) forcing the downturn in AG pricing?

Some pundits will say it's due to the US dollar being so strong. When the dollar is strong, pm prices will be lower, when the dollar is weak. pm prices will rise. Good example is the financial crisis from 2008-2012. I personally don't understand why the US dollar is so strong when it's backed by nothing & the US economy is still very weak.
HH
Gary

 

[LooseChange]

If you exclude 1975-1985 and 2005-201x, the price of silver has always been under $10 in terms of today's dollar. Inflation aside, I believe it will go there again and I do not believe that now is a buy-to-hold opportunity (unless you are buying at face value).
Historical Silver Prices - 100 Year Chart | MacroTrends

 

[foofighters]

The US dollar is backed by the US military.

Our economy is still weak but whose is better?

 

[Pete_Iredale]

I agree with LooseChange. I think prices will keep dropping back to their historic norms, unless some outside factor comes into play.

 

[Mackaydon]

After Greece 's 'NO' vote, investors may choose silver as a 'safe haven' and invest; thereby driving the price back up.
Don..

 

[Avago]

Normalization to historical values isn't a cause... it's the result.

Decrease in demand from safe-haven investing due to the US' "improving economy" could be (and is likely) a cause. Weaker industrial demand could be a cause (i.e. China slowing down; however I could see this being offset by increased global industrial demand from the exponential growth of solar panel manufacturing) and so could overproduction from mining operations (latter is likely not a cause today.)

Those two seem to be the major drivers of silver price, supply vs. demand from mining vs. industry and investing.

 

[basque-man]

Of course its dropping cause we just ordered some more........... That's ok. Were buying!!!!!!!!!!!!!

 

[47thelement]

I have found more collections when ag is low. My theory is, people are lazy and if they Want to haggle with a dealer over the 100 ag coins and The dealer dealer gives them $75. It is easier to turn those 100 coins in at the bank and walk with $50.

and before somebody alert the greyhound bus line, I made up the numbers. I couldn't tell you what ag spot is right now

 

[fistfulladirt]

I knew I should have ordered last week, low $15's would have been cheaper than the high $14's right now...premiums doubling -