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Spot Silver - over $27/ounce

Posted on 4/3/24 at 12:15 pm
Posted by Tomatocantender
Boot
Member since Jun 2021
4977 posts
Posted on 4/3/24 at 12:15 pm
Holy shite, something is going on. Silver, the most manipulated precious metal in the history of commodities, is finally breaking out after a decade of a teens to low 20 range.
Posted by FredsGotSlacks
Baton Rouge
Member since Mar 2008
820 posts
Posted on 4/3/24 at 12:51 pm to
GSR was at 100-1 so silver still has a lot of catching up to do relative to gold. Fingers crossed it breaks through $30 in the next few months
Posted by HagaDaga
Member since Oct 2020
188 posts
Posted on 4/3/24 at 1:19 pm to
quote:

Spot Silver - over $27/ounce

Is there an ETF that rides this increase fairly well? How about one that shorts it in case of decrease?

I was actually coming on to look to see if there were Gold increase/decrease ETFs mentioned to look at, so apologies for hijacking the thread.
Posted by LSURussian
Member since Feb 2005
128376 posts
Posted on 4/3/24 at 5:57 pm to
quote:

pot Silver - over $27/ounce
Holy shite, something is going on.
Anybody know what the Hunt brothers are up to these days...??

For reference, google Silver Thursday, i.e., Thursday, March 27, 1980.
Posted by SouthPlains
Member since Jul 2023
751 posts
Posted on 4/4/24 at 11:33 am to
I’ve got about 75 oz. - what should I do with my mini stack?
Posted by LChama
Member since May 2020
1851 posts
Posted on 4/6/24 at 6:46 am to
Have we peaked. The gold silver ratio is still out of whack. Very uncertain times and very uncertain economy. May be a pullback in the short term but this has potential to run through the summer
Posted by tigerfoot
Alexandria
Member since Sep 2006
57365 posts
Posted on 4/9/24 at 9:33 am to
My wife was given about 4-5 ounces of sliver per year for about 30 years. I had it in our gun safe, When moving I took it out and put the box on my desk and left there. After moving in and being in the home for about a year it hit me that the box was not there.
Between painters in the old house and electrician and the movers I had no idea who to approach. It was more emotionsal as it was gifts from her grandparents. Now it seems I lost us a few thousand dollars as well.
Posted by OccamsStubble
Member since Aug 2019
5990 posts
Posted on 4/9/24 at 10:20 am to
Gold - 6 month increase of 26%
Silver - 6 month increase of 28%

Gold - 2 month increase of 16%
Silver - 2 month increase of 24%

Certainly looks like those bankers who have held paper products rather than metal are finally losing their ability to dump the paper to drive the prices down. Maybe they can't trump 3 billion Chinese+Indian citizens who refuse to accept their garbage currency any longer.
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