Silver starting to move

[franklin]

I have a gun show this weekend. Might substitute some Buffaloes in my case instead of selling old knives.

Please let us know how it goes. Do you have a website for your knife business? Do you ever handle Ruffin Johnson products?

Decided to take Brittanias to the show along with some BIG bars. Negotiated to $48.50 on the big ones. Didn't sell one round at $50. There were more Chinese knives at that show than I have ever seen.

[franklin]

One thing I heard from 3 local dealers: A large smelter in the Houston area is so backlogged that 2 days ago they quit taking Sterling as well as 90%. Only .999%.

[Cu Penny Hoarder]

One thing I heard from 3 local dealers: A large smelter in the Houston area is so backlogged that 2 days ago they quit taking Sterling as well as 90%. Only .999%.

https://realcent.org/viewtopic.php?f=23&t=47099

Give it time. Once the refiners burn through all that backlog things will go back to normal.

[jrschare]

$50 an oz, maybe time to sell some of my stash?

[Cu Penny Hoarder]

$50 an oz, maybe time to sell some of my stash?

$50 silver is bringing them out of the woodwork!

[shinnosuke]

$50 an oz, maybe time to sell some of my stash?

$50 silver is bringing them out of the woodwork!

Interesting. One member has 4 posts and 38 feedback. The other has 2,705 posts and 0 feedback.

[Cu Penny Hoarder]

$50 an oz, maybe time to sell some of my stash?

$50 silver is bringing them out of the woodwork!

Interesting. One member has 4 posts and 38 feedback. The other has 2,705 posts and 0 feedback.

Feedback from what... buying/selling to ppl? I never bought, sold or traded anything on this forum.

In other news... Silver is mooning!

[jrschare]

Bought quite a bit of silver on here over the years. Don't like to post much.

[jrschare]

Looking to get my 10 posts so that I can potentially sell on here.

[jrschare]

Plus, I have twins that just started driving and am buying them each a new car. So I might be a good time to unload some silver and gold.

[Lemon Thrower]

$51

[pmbug]

I don't own enough popcorn to make it through this week.

[68Camaro]

I don't own enough popcorn to make it through this week.

We need the popcorn emoji that other forums have...

[68Camaro]

Plus, I have twins that just started driving and am buying them each a new car. So I might be a good time to unload some silver and gold.

I'll help you get to 10 by asking why you would do that. Gold and silver is forever wealth storage that you could pass on to your twins, while new cars immediately depreciate. If they need cars for their career, at least back off a couple of years and buy them late model used ones. You will save 10s of thousands. I would also make them pay for the insurance and upkeep, if not contributing to the cost.

[Cu Penny Hoarder]

Plus, I have twins that just started driving and am buying them each a new car. So I might be a good time to unload some silver and gold.

No more resistance for silver. Will go to $60-70 fairly quickly.

[Cu Penny Hoarder]

Plus, I have twins that just started driving and am buying them each a new car. So I might be a good time to unload some silver and gold.

I'll help you get to 10 by asking why you would do that. Gold and silver is forever wealth storage that you could pass on to your twins, while new cars immediately depreciate. If they need cars for their career, at least back off a couple of years and buy them late model used ones. You will save 10s of thousands. I would also make them pay for the insurance and upkeep, if not contributing to the cost.

Exactly. New cars are the biggest waste of money. I never bought a new car. I have a mid 2000's Accord and I keep it well maintained. It runs like a top!

[TXSTARFIRE]

$52.02

[68Camaro]

$52.02

Yep, a quick pop up, before dropping again, but it'll keep going up.

[TXSTARFIRE]

25 minutes later down to $51.79.

[TXSTARFIRE]

Now up $2.03 to $52.08. Be interesting to see where it ends today.

[silverflake]

I just saw $51.90 on kitco.

So on a whim I was looking on ebay just now and I searched for commemorative silver dollars, you know the ones they put out every year that immediately drop in value? Well there's a fair amount for sale on ebay for under spot. It makes me wonder if price of silver is going up so fast that people aren't able to keep up/check proper pricing? Or maybe they just want to dump those US Mint failures. Only thing good about them is they are the same specs as Morgans and Peace dollars.

Either way, if anyone looking to snipe out some sub-spot silver, keep an eagle eye out.

[68Camaro]

GSR down below 80, finally. I believe the gold rise will slow down, and silver will eventually peak possibly to near 90-100 as a FOMO overrun, and then drop back, but I will not be surprised to see prices settle at 4500 gold and 75 silver, with a final (for this stage of the bull) GSR of 60.

[TXSTARFIRE]

Silver ends the day at $52.38.

[pmbug]

Today (10-13) in silver

Today the silver price rose slow and steady for the most part. Let's investigate what played out below the surface...

More:
https://x.com/pmbug/status/1977916602369671447

[Recyclersteve]

Sold my SLV (both stock shares and options) after a spectacular up move over the past 6 weeks or so. Waiting for afair pullback to get on board again.

Still have a bunch of 90% silver coins- mostly halves.