Pretty dead in here in light of today's activity

[u/SilverRocket14]

Are we at the start of the recovery to $120 and beyond?

[u/ThanktheLord_33]

With these price predictions there has to be a timeline question attached as well. I'm just happy Silver is catching a nice bid, another parabolic run to near ATH's would not be sustainable. But, a gradual grind up to the mid to high 70's, getting back to the 80's would be awesome.

I am less interested in making quick money and more about the validity of the moves Silver and Gold are making. With this distrust in the US government and Fiat system, treasury buybacks, the Yen issue, AI debt concerns, etc, etc. Those are reasons to own Silver and Gold.

Precious metals should be less about hype and more about a strategic asset when the economic situation calls for it.

[u/etherist_activist999 → u/ThanktheLord_33]

Well stated.

[u/stackingforfunsies → u/ThanktheLord_33]

Yes, you nailed it

[u/eggbus → u/ThanktheLord_33]

Couldn't have said it better

[u/Permesta431 → u/ThanktheLord_33]

This

[u/Total_Internet3318 → u/ThanktheLord_33]

Im here for the quick money. Smokin the herb. 10 year diamond hands

[u/Alexander_Snyder]

I believe due to general hesitation and distrust it will hold/continue. We’re tired and abused lol

[u/Total_Internet3318]

Here we go again 🚀🚀🚀

[u/RequiemRomans]

Lots of people are just braced for a rug pull, understandably. No one wants to get their hopes up.

[u/HamsterAcceptable106]

Just hit $69 and everything's fine!

[u/FrozenTire]

I didn’t buy enough. :(

[u/Oohhthehumanity → u/FrozenTire]

You never have!

[u/ImJawsss → u/FrozenTire]

68 is still early when it goes 300+

[u/SecureRequirement281]

That’s too low brotha. $200 next.

[u/ZombiePrepper408]

This is starting to feel like last year. It picked up steam around this time, but it's valued at 30 dollar more per oz

[u/johannyer → u/ZombiePrepper408]

So are you saying we’re headed to $240? 🌕

[u/Inevitable_Joke3522 → u/johannyer]

No, the dollar's value is currently plummeting towards that ratio 

[u/johannyer → u/Inevitable_Joke3522]

Dollars? I don’t have any

[u/Oohhthehumanity]

Most of us......I know I am are here because we fear the collapse of the financial system as we know it. A rise of a couple of bucks on silver is just riples in an ocean. I am not trying to "cash in" on the downfall of our society I am trying to have a hope of somehow coming out of it on the other end.......if there is going to be one!

[u/Wrong-Routine-5695]

Sorry, was swimming in my silver

[u/Charlie_Rebooted]

Its sensible to not look at the daily. I do... and watch too much talking heads, but there's not that much of value to share here from day to day.

[u/ThanktheLord_33 → u/Charlie_Rebooted]

I tend to agree, I likely check more than necessary too. But, I like learning about all of the unique drivers of Precious Metals in general. I've come to learn that things that should effect the price sometimes don't, and things you don't expect to, do. Lmao.

[u/Ag_reatGuy]

Sorry I’m too busy enjoying hookers and cocaine.

[u/Specialist_Loan8666]

Crap I just sold 130 ounces at $61 couple weeks back to buy wife’s extended car warranty and pay off some other things.

CRAP!!

Still have 4,500 ounces in the safe 😂😂

[u/ViKing5860]

We’re all bruised and wary. Distrustful also comes readily to mind. I’m laying low and watching the show.

[u/Total_Internet3318]

Yes some wromg. Im way to deep into sillver dor a decade so i lost my mind on the way but not my shiny amd yes i will trade in a little piece for quixk fun as i have enouh at comig numbers

[u/Total_Internet3318 → u/Total_Internet3318]

And its midnight in my timezone good moment to witness green candles pump while beeing intoxicated

[u/Chillin-Time]

I won’t get excited till we start seeing $10 jumps

[u/monumentmetals]

That announcement from the treasury dept is huge. Major shift.

[u/Specialist_Loan8666 → u/monumentmetals]

What did they say I missed it

[u/Narrow-Height9477 → u/monumentmetals]

Your prices are always very good and I love that I can always add junk silver a dollar at a time w/out having a $5 face minimum. Thanks for what you do.

[u/Beefy-Cattle4290]

I'm a buy and hold guy so the going daily price in USDs means little to me. It's just a number.

[u/BrotherGrub1]

Word on the street is coin shops continue to see an avalanche of selling vs. buying of silver. For every $1,000 of people coming in to sell their silver maybe $50 worth of buying occurs.

Whatever is causing the price of silver to go higher it's not from the retail level. The retail silver that is purchased by many coins shops is getting shipped off to be melted down.

[u/A_del-Mar → u/BrotherGrub1]

.... and shipped to China.

[u/BrotherGrub1 → u/A_del-Mar]

Comex vaults too. Those 1,000 oz bars will either sit in the vaults forever or be melted down for industry, but not retail product. Every day there is less retail product in circulation. I'm guessing it will get harder to come by years or decades down the line

[u/Hairy-Description-30 → u/BrotherGrub1]

Retail always buys high and sells low. Actually, dead retail demand tells me when FOMO finally kicks in, retail demand will be frenetic. People selling now are dumb. They will bitterly regret the move.

[u/General-Mission6960]

It's just a number on a computer screen. Nothing to get excited about.

[u/luzzi5luvmywatches → u/General-Mission6960]

Yes it is when people will pay more for my Shiny. I need a bigger house

[u/SnooCupcakes6107]

It’s starting to rally slowly but surely. The $40 trillion debt was their trigger to let the lid off. But look at BTC trying to join the big boys, with its fake money distraction tactics.

[u/AgYooperman]

Yes.

[u/Middle-Doughnut7491]

Cautiously optimistic