Is Silver next?

[spencer rifle]

I don't understand it. Just bought silver for $24.30/ozt and the spot price is going up? How does this happen? Something is wrong here...

 

[spfldbowhunter]

I don't understand it. Just bought silver for $24.30/ozt and the spot price is going up? How does this happen? Something is wrong here...

Aren’t CPI numbers coming out? That seems to subsequently impact spot prices for a few days.

 

[blain]

Aren’t CPI numbers coming out? That seems to subsequently impact spot prices for a few days.

They are out

 

[Magyars]

Silver is currently up over a dollar....anybody have any Insight as to why such a large jump?

 

[spencer rifle]

teddy12b or snorko must be planning to buy something soon...

 

[snorko]

teddy12b or snorko must be planning to buy something soon...

Not me. I still would like to move more silver into gold but I think the spread will close up a little more. Unless there is a big dip I am done buying for a while.

 

[nonobaddog]

Will silver be useful in a SHTF situation?

 

[spencer rifle]

Will silver be useful in a SHTF situation?

Possibly. Predicting the future ain't my strong suit. But past performance (which is a light to the stern) shows it retaining value over time.
Initially, food and clean water and meds and ammo will have priority. But as situations stabilize, the ease of transport, retention of value and difficulty of faking will make PMs more attractive for trade.
And silver is still good for it's anti-bacterial and electrical conductance properties if nothing else.

 

[blain]

Will silver be useful in a SHTF situation?

You'd better believe it.
Unless someone is wearing a helmet, a Scottsdale kilo Tombstone Nugget is going to ruin their day.

 

[1775usmarine]

I bought 50 oz last week at 22 and some change of the Apollo 11 rounds and it started going up the next day. When I got my order from golden state their verfied paper showed 52.43oz. I did also splurge on 200oz of copper rounds just for S's & G's.

 

[1775usmarine]

Yep order was placed July 6th at $22.63. Got lucky I guess?

 

[seeker1321]

After reading through this thread I did my first small silver order on July 6th. Seeing the price jump now I wish I would have ordered more. I will just keep my eyes open for the next dip.

 

[buckwacker]

I don't understand it. Just bought silver for $24.30/ozt and the spot price is going up? How does this happen? Something is wrong here...

There is a disturbance in the force.

 

[dieselrealtor]

Silver seems busy today;

 

[dieselrealtor]

 

[Mij]

Could be a buying opportunity?

Fed raised rates yesterday, they aren’t wearing the same rose colored glasses O’Biden is wearing. JMO!!!

 

[snorko]

Interesting. Straight-fast drop then steady all day for the most part.

 

[DoggyDaddy]

Interesting. Straight-fast drop then steady all day for the most part.

I've noticed that that seems to be the case whether it's a big drop or a big rise. It seems like it plateaus (or reverse plateaus?).

 

[nonobaddog]

I think I'll wait for $19-20.

 

[Magyars]

I think I'll wait for $19-20.

Might be a long wait.