Silver Price Trend

[DevilPlate]

Hope they pump gold next. lol. I am also holding gold bars.

Physical Gold supply abundance and alot harder to pump.

Physical Silver supply is getting squeezed right now and big tech companies like Apple, Samsung, Tesla may start to panic and grab silver.

I am not joking....Silver hit above $100 may induce a tech.com burst

 

[DevilPlate]

Physical Silver Squeeze is coming.
https://finance.yahoo.com/news/silver-retail-sites-grind-halt-190456039.html

 

[touchring1]

Time to sell my silver coins and bars. But spread damn high at GSC and BS.

Are you really short of money? Everyone is buying commodities and you cash out now?

Physical silver could worth alot more over spot price in few weeks time.

I am not selling my silver bars.

Hold 1-2 years for triple digit. In the meantime, don't look at the price.

 

[dexboi]

Are you really short of money? Everyone is buying commodities and you cash out now?

My number 1 rule, never chase prices. When it's a straight line towards the sky, usually its the time for me to sell.

 

[touchring1]

My number 1 rule, never chase prices. When it's a straight line towards the sky, usually its the time for me to sell.

If you want to trade, you should buy SLV or mining stocks instead. Physical silver is for hedging and long term savings.

 

[touchring1]

Physical Gold supply abundance and alot harder to pump.

Physical Silver supply is getting squeezed right now and big tech companies like Apple, Samsung, Tesla may start to panic and grab silver.

I am not joking....Silver hit above $100 may induce a tech.com burst

Why will $100 silver induce tech bust? There’s only 0.34g of silver in a $1000 iphone. Even at $100, that silver will only cost $3.

https://www.bbc.com/future/article/20161017-your-old-phone-is-full-of-precious-metals

 

[DevilPlate]

Why will $100 silver induce tech bust? There’s only 0.34g of silver in a $1000 iphone. Even at $100, that silver will only cost $3.

https://www.bbc.com/future/article/20161017-your-old-phone-is-full-of-precious-metals

Supply chain delay when investors are buying and hoarding physical silver.

Not enough silver supply for industrial usage as you cannot create silver by pressing a button.

It will take few months or longer to resume supply demand balance.

Of course, we may see government intervention before that happens as green energy like solar panels requires alot of silver.

 

[SBC]

Will run at least 5 cycles over this month.

 

[DevilPlate]

Silver miner etf SIL has run up too much.

I shall place some money on GDX gold miner etf instead.

I believe Real inflation is increasing whereas Fed cannot increase interest rate in tandem as they are addicted to printing trillions.

Just my take that gold and silver will keep rising in the foreseeable future.

 

[ashethen]

Not buying.

I think it's a false flag, propagated by hedge funds on wsb to manipulate silver prices.

I heard Citadel is long SLV contracts.

Posted from PCWX using SM-N960F

 

[DevilPlate]

Not buying.

I think it's a false flag, propagated by hedge funds on wsb to manipulate silver prices.

I heard Citadel is long SLV contracts.

Posted from PCWX using SM-N960F

Personally, i am ignoring the noises and focus on the fundamentals.

Silverbugs are long aware that silver prices has always been artificially suppressed for various reasons.

I believe silver prices still have legs to run but will eventually crash down again to an average price that is higher than today's price.

 

[DevilPlate]

I don't expect silver prices to run up so fast as compared to GME.

If you refer to previous ATH happened in 2011. It started in Aug 2010 and reach ATH in May 2011. (8-9 months)

 

[Entry Level PC]

moi think silver got potential for SGD$50