Silver Prices Hitting the Roof

[Cavedweller]

Silver just keeps going up like crazy- up again this am to $76.52 as of this posting. At this point I worry it is just too fast, and that a major price correction may be coming.

Watch the video in post 195 above. The guy does an excellent job of explaining what is going on in this market. Too much info is presented for a synopsis. You just need to watch it start to finish.

 

[coltemp]

Watch the video in post 195 above. The guy does an excellent job of explaining what is going on in this market. Too much info is presented for a synopsis. You just need to watch it start to finish.

For more info on the markets and why Take a look over here: https://www.moneymetals.com/news
There are tons of very good articles. Some quite technical about how and why, other more general. There are plenty of sources that show that we really are only catching up to what the rest of the world has known for about a year. Their gold/silver has been in record territory and way above for a while now. we are only finally catching up.

Also, take a look at the gold/silver ratio. We are only just now finally getting into a range with that that is roughly where it should be. The last run in 2011 that ratio fell to around 30:1, which would say that silver could even double from here without gold moving any further up. That is an indicator of just how much upside there still may be.

 

[Camelfilter]

$76.81 Kitco ask ATM.

$77 JMbullion ask ATM.

GSR 1:59, using Jmbullion...

 

[coltemp]

over $77 for a few minutes, but the expected shorts are trying to cover and there just plain is not metal available.

This point should be very well noted: https://www.moneymetals.com/news/2025/12/26/notice-silver-price-rerate-in-progress-004571

Nothing shows the run will stop BUT be warned large volatility expected. Yes, it's a huge run up today but would not be surprised to see a large move down. Going to take some strong patience to sell on the upswing and not regret too much missing some gains, while buying on the down swings and sitting tight. There are a number of people just finally getting into metals. That should soak up some of the selling by those of us with long term stacks.

 

[coltemp]

This sums up my take over the last year or two as well:
Borrowed from here: https://www.moneymetals.com/news/20...ld-70-silver-and-a-new-monetary-regime-004568

He cites the idea, also reflected in market commentary, that gold has evolved from a rates-sensitive trade into a fiscal risk hedge. That means it can rise with higher long-term rates when those rates represent sovereign stress.

 

[Bolt_308]

Holy crap- up over $78 as of this posting!?!?! WHATT the heck!?!?

 

[Alexx1401]

Showing $79.39 now. Have 22oz sitting on my desk I kept meaning to make an appointment to sell. Will have to see about going down Monday.

 

[Bolt_308]

Showing $79.39 now. Have 22oz sitting on my desk I kept meaning to make an appointment to sell. Will have to see about going down Monday.

Well the good news for you is this crazy rise today is now over 10% up. In ONE day. Silver is the second highest performing asset today out of ALL of them- stocks, crypto, everything. Insane . . .

 

[made in china]

Sorry if someone already mentioned it previously, but for you WA State residents, I've got excellent news for all y'all's!

Under ESS Bill 5794, you will begin paying your local sales tax on precious metals. In most West of Cascade cities that'll be 10% or more (mine is 10.9%) and the retailer is now subject to the B&I tax on the wholesale side of 0.471%

This will help WA State to become an even better place to live!

 

[Cavedweller]

Silver selling at $82/oz in Shanghai tonite.

China Silver Price today: Trends, premiums and Market Insights

Explore the Shanghai silver price in dollars, understand price premiums compared to global markets, and discover the dynamics of silver trading in China and the West. Stay updated on market trends and investment opportunities.

goldsilver.ai

Asian Guy (his YT name) who predicted today's move perfectly in his Christmas Eve podcast (post 195), explains why the conventional wisdom no longer applies and why there will be no correction or price pullback.

View: https://www.youtube.com/watch?v=A8f2usiVNJg&t=595s


I think I'll be subscribing to this guy's channel.

 

[parallax]

Being the big dummy here What does this all mean? Also saw institutions today December 26th, borrowed 17 billion from the federal reserve ( to cover shorts? )

 

[Cavedweller]

Being the big dummy here What does this all mean? Also saw institutions today December 26th, borrowed 17 billion from the federal reserve ( to cover shorts? )

Here's Asian Guy's take on that:

View: https://www.youtube.com/watch?v=6b5suA_yI-0&t=868s

 

[Knobgoblin]

Happy New Year.

 

[gmerkt]

Sorry if someone already mentioned it previously, but for you WA State residents, I've got excellent news for all y'all's!

Under ESS Bill 5794, you will begin paying your local sales tax on precious metals. In most West of Cascade cities that'll be 10% or more (mine is 10.9%) and the retailer is now subject to the B&I tax on the wholesale side of 0.471%

Some of us have been painfully aware of this since is was signed into law.

 

[Alexx1401]

Some of us have been painfully aware of this since is was signed into law.

Yep and you know this will be just like so many gun laws that come along. Years later people will "find out" about this one and be all angry about how it happened when they had no idea.

 

[gmerkt]

Some of us have been painfully aware of this since is was signed into law.

But then I don't see myself buying any more gold at it's present price.

 

[Camelfilter]

But then I don't see myself buying any more gold at it's present price.

May be worthwhile converting into some, if the GSR continues to drop...

 

[coltemp]

May be worthwhile converting into some, if the GSR continues to drop...

Yep, I have been mostly buying gold and adding silver when it worked or in a trade. A chunk of the holdings in in the Sprott physical metal funds. Those are great for 401K brokerage accounts and a way to hold physical without the storage fees and worrying about theft etc...

Would buy some more fractional but waiting on cash. the real question is going to be what will happen on Sunday afternoon when the Asian markets open. Are the shorts going to try and slam the price down so they can cover or will we continue to see them try but lose control within an hour.

As I mentioned previously, we can trust there is going to be some serious volatility in the market especially in Silver which has a market cap of about 1/5 of gold. Real question is going to be how many of the late arrivers from Industry are going to sweep in to lock prices before it goes even higher. Putting yet more pressure on the overall market.

 

[Mono1]

I kept meaning to make an appointment to sell.

Never Sell.



Ultimate High will be 2032.

 

[gmerkt]

Ultimate High will be 2032.

Some of us won't be there by then. We have to enjoy what we can before then.