How low will silver go?

jim4silver said:
The way silver has been, 15 will be the new 18 in a matter of time..... Couldn't hold $18 today.
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THEY wouldn't let it hold $18 come on people you know it's all manipulated don't you? Keep Stacking

Oop's nearly forgot, here's my one of a kind YPS Silver " God Bless Texas"


20170912_123104.jpg
 

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Marchas45 said:
THEY wouldn't let it hold $18 come on people you know it's all manipulated don't you? Keep Stacking

Oop's nearly forgot, here's my one of a kind YPS Silver " God Bless Texas"


View attachment 1493593
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That is pretty neat, but it is facing the wrong way?

Edit - makes sense now, I suppose you would want to keep the face side looking nice. :laughing7:
 

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Marchas45 said:
THEY wouldn't let it hold $18 come on people you know it's all manipulated don't you? Keep Stacking

Oop's nearly forgot, here's my one of a kind YPS Silver " God Bless Texas"


View attachment 1493593
Click to expand...

Now that's a "Texas Troy Ounce"..... I'd buy those at $18...all day long....:tongue3:

Weight of Alloy 100.00 Gram
64.31 Dwt
3.215 Troy Oz

Bill in Texas
 

Silver is still positioned well on chart for short term, not that it matters.

PS. I had a chance to spend some dry powder over the past few days. A smaller dealer from out of town is closing down and liquidating cheap. I was able to pick up a bunch of cool, foreign silver for a few bucks over spot per ounce. Much of this stuff I have never seen nor heard of, but goes for a decent amount over spot. Some of the "coins" are strange but a few are stunning. Also got kooks and koalas for a couple bucks over spot (mostly later years).

A few examples of what I got...

The cool ones:

https://www.apmex.com/product/68080/2012-palau-5-silver-year-of-the-dragon-proof-set-gilded


The strange ones:

https://www.jmbullion.com/2013-1-oz-australian-silver-platypus-map-shaped/

https://www.directcoins.com.au/2013-treasures-of-the-world-garnet-1oz-silver-proof-locket-coin.html

Someday I will ebay them I guess.
 

Yeah that's some weird stuff but for the right price, toss it in the stack. Someone on eBay might pay a nice premium anyway. The garnets are cool....I find garnets with my gold.
I almost went silver shopping Saturday but would have been rushed for time. I was hoping the price would drop a buck or so too hehe.
 

with gold being up of late I always thought gold and silver were inversely proportional?
 

fistfulladirt said:
It’s a rigged market. Across the board.
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That might be true FFD. Probably all markets are rigged to some extent. But remember sometimes the "riggers" make the price go up, like from early 2000s to 2011 ($3 per oz up to $50 per oz). I think that day will come again (I don't know when).

There has been what appears to be a cup and handle formation in the charts that has been forming since 1980. We are currently making the "handle" portion now (since 2011). If it turns out to be a real cup and handle, the price MUST go over $50, since that is the "rim" of the cup.

Generally, chart formations that are long in the making (like say 40+ years), will result is more powerful and longer-lasting moves once they happen (vs. short term chart formations).

https://kimblechartingsolutions.com/2018/02/silver-mother-bullish-cup-handle-patterns/
 

fistfulladirt said:
It’s a rigged market. Across the board.
Click to expand...

Gold/Silver manipulation was exposed by a whistleblower in 2011? ( I'm not sure of the date) From memory someone puts in a huge sell order with no intention of actually executing or proceeding with the sale. This causes a drop in price. Then they actually do buy at the lower price. Then they put in a huge buy order that causes the prices to rise. Then the gold that was actually purchased is sold. The Government has known of the manipulation and does nothing to put an end to it.

https://en.m.wikipedia.org/wiki/Andrew_Maguire_(whistleblower)
 

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chlsbrns said:
Gold/Silver manipulation was exposed by a whistleblower in 2011? ( I'm not sure of the date) From memory someone puts in a huge sell order with no intention of actually executing or proceeding with the sale. This causes a drop in price. Then they actually do buy at the lower price. Then they put in a huge buy order that causes the prices to rise. Then the gold that was actually purchased is sold. The Government has known of the manipulation and does nothing to put an end to it.

https://en.m.wikipedia.org/wiki/Andrew_Maguire_(whistleblower)
Click to expand...


So was the silver market being manipulated when the price rose to near $50 in 2011, or only after the price began to fall in that year? I am curious.
 

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