Is Silver next?

[Magyars]

Not sure what forum to put this in....mods, please move if necessary.
The Plebes have started a firestorm.. first it was Gamestop, then Nokia...
Now Silver?

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

The laws of unintended consequences is in play here.

 

[Expat]

Another Hunt Brothers event coming up?

 

[bwframe]

Anywhere to buy some silver today?

Any of you guys know where a guy can buy silver today?

www.indianagunowners.com

Stock market.... What are you doing?

Yeah.....I am hearing rumblings about reddit hammering SLV and had a pretty reliable friend tell me today that seeing silver at $1000 is not unrealistic, he may have got that from the post you just linked. I find that extremely hard to believe. But what do I know. I never thought GME would go to...

www.indianagunowners.com

 

[Spear Dane]

Well the online bullion sellers are certainly paying attention. At this moment you can't place an order for anything (that I could find) due to 'heavy weekend demand' until the market opens at 6pm. Complete BS. They don't want to sell you $27 silver at noon when they might can sell you $30 silver at 6:30.

 

[rooster]

I don’t know if silver can run like gme. It’s a supply issue. JPM and other holders are sitting on over a million ounces of physical silver.

also How many hundreds of thousands of ounces will come out of private holdings once the price spikes to 60? Old timers who have been stocking for decades at 10$ an oz will flood the market once the run is apparent

 

[GIJEW]

I don’t know if silver can run like gme. It’s a supply issue. JPM and other holders are sitting on over a million ounces of physical silver.

also How many hundreds of thousands of ounces will come out of private holdings once the price spikes to 60? Old timers who have been stocking for decades at 10$ an oz will flood the market once the run is apparent

Or maybe not. If someone is holding gold and silver as a hedge against inflation and the general debasement of the dollar and other fiat currencies, they might want to hold what they have...which will help drive the price even higher

 

[Spear Dane]

 

[Spear Dane]

I wish gold would run too. It's actually cheaper to trade than silver futures are but the Robin Hood lemmings haven't figured that out.

 

[jsharmon7]

Reddit isn’t pushing SLV. Theory is it’s the hedge funds saying that to try to push it up artificially. Hedge funds own a ton of silver. Buyer beware.

 

[Tandem160]

Silver has been manipulated in recent years ~5 yers ago an investor or a group of investors shot it up to about $50.00 an ounce. If if gets up there again I’m a seller.

 

[Wolffman]

Anywhere to buy some silver today?

Any of you guys know where a guy can buy silver today?

www.indianagunowners.com

Stock market.... What are you doing?

Yeah.....I am hearing rumblings about reddit hammering SLV and had a pretty reliable friend tell me today that seeing silver at $1000 is not unrealistic, he may have got that from the post you just linked. I find that extremely hard to believe. But what do I know. I never thought GME would go to...

www.indianagunowners.com

I haven't bought any for over a year. But, I bought from Provident Metals in Texas. They're easy to order from, and you don't have to use a credit card.

 

[snorko]

I haven't bought any for over a year. But, I bought from Provident Metals in Texas. They're easy to order from, and you don't have to use a credit card.

I like Provident as well. Surprisingly they have pretty good buy-back prices as well which they publish on the site. Many examples above spot.

 

[Tyler-The-Piker]

there has been a solid base of support around $27 ever since the r/WSB hype so if nothing else it raised awareness of the value in silver and I'm happy about that (and premiums have been steadily $8- $12 above spot).
imho if spot consistently pierces $30 this spring/summer and holds there then strong support at $35 is possible by Dec.

 

[flyingsquirrel]

I have some silver stashed and thought about selling when it hit $30. Say I got $1000 for it. When my grandson is grown, that $1000 will probably be worth $100 in paper money. I decided to just leave it stashed.

 

[ashby koss]

I dont think "silver" or any precious metals is really about the Stock markets (gme, RH, etc)

i think its more important to look at the commodity and whos holding.

JPM and other very large groups holding these. Why do govs still hold gold?

hold lead? lead protects gold

if thing's are stable and there's trust in that stability.... why.....

buy and hold, its not for day trading.

 

[NKBJ]

Everybody should have two pieces of pure silver.

 

[Tyler-The-Piker]

https://seekingalpha.com/amp/article/4404967-silver-shortages-suggest-are-only-months-away-from-higher-silver

 

[miguel]

Is anyone who is really a hard core silver bug going to sell at $50? Some profit takers will, but will the old school TEOTWAWKIs going to?

I'm thinking the people who have been at it for decades are not going to sell since they have ultimately bet on (hoped for?) the absolute collapse of the fiat economy.

Not that I know anyone like that... <COUGH>

 

[Tyler-The-Piker]

Silver Weekly Price Forecast – Silver Forms Quiet Candlestick

Silver has formed a relatively quiet looking candlestick for the week, as we continue to hang about the $27 level after the recent attempted short squeeze.

www.fxempire.com

 

[Ingomike]

What is a physical silver eagle worth today if one had an opportunity to buy today? Value in physical 100oz lots?

I