Silver Prices Hitting the Roof

[Colt Carbine]

Only 1 shop is buying around me and he was $20 under spot yesterday

A quick look at Portland dealers Buy/Sell charts says the same.

Let the panic selling begin

 

[SOrez]

A quick look at Portland dealers Buy/Sell charts says the same.

Let the panic selling begin

A quick look at Portland dealers Buy/Sell charts says the same.

Let the panic selling begin

I called a local dealer and was offered $110-112 for 1 oz silver bars.

 

[Colt Carbine]

I called a local dealer and was offered $110-112 for 1 oz silver bars.

I'm only stating my observations of a couple dealers in Portland, at the same time they're currently selling at $10 below spot while supplies last. Perhaps, this shop has a cash flow issue or doesn't want to get caught with inventory. I don't know, it's not my business.

If that's what you were offered, please do share where.

Buy this below and sell to your dealer.

 

[Cavedweller]

Golds rips through $5,400. $5484 in after hours trading. The price swings today have been pretty dramatic, tho. If I'm not mistaken, $5,400 was BoA's price target for 2026 a month or so ago.

Powell dismisses gold’s rally above $5,300, says Fed is not losing credibility

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

www.kitco.com

 

[sobo]

Powell dismisses gold’s rally above $5,300, says Fed is not losing credibility

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

www.kitco.com

"Fed is not losing credibility"

Jerome, the Fed lost that fight a lonnnnnnnnnnnnnnnnng time ago...

 

[Bobbygun]

"Fed is not losing credibility"

Jerome, the Fed lost that fight a lonnnnnnnnnnnnnnnnng time ago...

Maybe he is simply trying to say, if you don't have any credibility - you can't lose it.

 

[Alexx1401]

Keep the masses occupied with societal and political issues and they'll never know what hit them, until it's too late.

Meanwhile in other news today....

The "masses" mostly choose to simply ignore what is going on all around them. I have for a couple decades wondered how this house of cards stays up. We currently (they admit) are 38 Trillion in the hole. Yet if any law maker, on either side suggests cutting that? The weeping and wailing is loud. So people on both sides keep voting in only those who agree not to cut but spend more. So for me? ZERO I can do. I could run around screaming the sky is falling like some have for decades. This would accomplish what? So I live life. If it all crashes? Again not a damn thing I can do but see how it shakes out. I may well be underground when it finally crashes. After all its been "crashing" for decades and nothing happens. We get exactly the Gov we deserve and keep asking for more.

 

[Bolt_308]

$53.14 for a one ounce round today in Vancouver! Geeze!

I want to take everyone back to the very first post on this thread - posted October 13, 2025. So just over 3 months ago, Silver was "crazy" having jumped all the way up to $53.14, and everyone was selling. Look where we are now , $118.90 as of this posting.

Insane . . .

 

[GunSmoke]

I want to take everyone back to the very first post on this thread - posted October 13, 2025. So just over 3 months ago, Silver was "crazy" having jumped all the way up to $53.14, and everyone was selling. Look where we are now , $118.90 as of this posting.

Insane . . .

When it was in the 80s I was like "no way am I buying more now, I'll wait for it to cool off"
That didn't age well. At least I haven't sold any.
I really have nothing compared to probably most of you and almost everything I have is in coins and 925 jewelry. Rather than selling i was thinking of trading it for gold when the ratio dips down to 40 or below.. which is close!

 

[sobo]

After all its been "crashing" for decades and nothing happens.

Well, not for much longer. History has shown that all fiat currencies eventually fail about 50 years (typically less) after being disconnected from a PM standard, with untold misery and sadness befalling the country that issued said fiat currency. Nixon took us off the gold standard in 1971, and the US operated fully on fiat currency by 1976. This year is the end of that 50-year window. Now, I don't expect economic collapse to happen on a train schedule, but in not too many years from now, as politicians continue to kick the can down the road, we'll be around to see it all implode...


From Wikipedia:

"...Starting in the 1959–1969 administration of President Charles de Gaulle and continuing until 1970, France reduced its dollar reserves, exchanging them for gold at the official exchange rate, reducing U.S. economic influence. This, along with the fiscal strain of federal expenditures for the Vietnam War and persistent balance of payments deficits, led U.S. President Richard Nixon to end international convertibility of the U.S. dollar to gold on August 15, 1971 (the "Nixon Shock").

This was meant to be a temporary measure, with the gold price of the dollar and the official rate of exchanges remaining constant. Revaluing currencies was the main purpose of this plan. No official revaluation or redemption occurred. The dollar subsequently floated. In December 1971, the "Smithsonian Agreement" was reached. In this agreement, the dollar was devalued from $35 per troy ounce of gold to $38. Other countries' currencies appreciated. However, gold convertibility did not resume. In October 1973, the price was raised to $42.22. Once again, the devaluation was insufficient. Within two weeks of the second devaluation the dollar was left to float. The $42.22 par value was made official in September 1973, long after it had been abandoned in practice. In October 1976, the government officially changed the definition of the dollar; references to gold were removed from statutes. From this point, the international monetary system was made of pure fiat money. However, gold has persisted as a significant reserve asset since the collapse of the classical gold standard..."

 

[sobo]

When it was in the 80s I was like "no way am I buying more now, I'll wait for it to cool off"
That didn't age well. At least I haven't sold any.
I really have nothing compared to probably most of you and almost everything I have is in coins and 925 jewelry. Rather than selling i was thinking of trading it for gold when the ratio dips down to 40 or below.. which is close!

Conventional Wisdom is to move from buying silver to buying gold when the Au/Ag ratio falls below 50:1. That is now...

From JM Bullion:

 

[Cavedweller]

From Wikipedia:

"...Starting in the 1959–1969 administration of President Charles de Gaulle and continuing until 1970, France reduced its dollar reserves, exchanging them for gold at the official exchange rate, reducing U.S. economic influence. This, along with the fiscal strain of federal expenditures for the Vietnam War and persistent balance of payments deficits, led U.S. President Richard Nixon to end international convertibility of the U.S. dollar to gold on August 15, 1971 (the "Nixon Shock").

There's a little more to it than that. The French demanded that their dollar reserves be redeemed in gold by the US Treasury, prompting Nixon's action. He wasn't about to ship Fort Knox to the Frogs. Wikipedia's interpretation is a little watered down.

$5,500 has fallen. $5536 as of this post.

 

[Cavedweller]

I really have nothing compared to probably most of you and almost everything I have is in coins and 925 jewelry. Rather than selling i was thinking of trading it for gold when the ratio dips down to 40 or below.. which is close!

This video may help. It's a bit long but AFAICT it is a pretty cogent explanation of current market conditions, and in line with what other sources are saying. I am not an investment advisor, and in keeping with the creator's disclaimer, it is not investment advice. But it appears to be solid information backed by someone with comprehensive market knowledge (and, no, I don't think it's the Norks )

View: https://www.youtube.com/watch?v=YQKeppq0w8s

 

[OlegTheRussian]

I'm buying at $21, 32 ,56 , 72 and 107.
Don't sell until the banks eat a giant fat one.

 

[Alexx1401]

Well, not for much longer. History has shown that all fiat currencies eventually fail about 50 years (typically less) after being disconnected from a PM standard, with untold misery and sadness befalling the country that issued said fiat currency. Nixon took us off the gold standard in 1971, and the US operated fully on fiat currency by 1976. This year is the end of that 50-year window. Now, I don't expect economic collapse to happen on a train schedule, but in not too many years from now, as politicians continue to kick the can down the road, we'll be around to see it all implode...

Certainly would come as no surprise to me if I get to see it happen. Again not a damn thing I can do. What I do know is the US is top of all. All of the rest of the world depends on us. So if we crash? What will be a cold and sniffles for us will be life threating illness to most of the rest of the world. Will be kind of fun to watch the mobs who right now have so little to do or a life to live that they run from one "protest" to the next while living in Mommy and Daddies house. Most of them openly hate the US but sure as hell don't move. So if we have a good crash? Be funny as hell to watch them when the "free" stuff shuts off.

 

[Alexx1401]

This video may help. It's a bit long but AFAICT it is a pretty cogent explanation of current market conditions, and in line with what other sources are saying. I am not an investment advisor, and in keeping with the creator's disclaimer, it is not investment advice. But it appears to be solid information backed by someone with comprehensive market knowledge (and, no, I don't think it's the Norks )

View: https://www.youtube.com/watch?v=YQKeppq0w8s

As always not going to watch someone talk on a video. Do have a co worker who has an appointment tomorrow to sell a chunk of Silver he inherited from a death. So will see if the place I have been using has suddenly shut its doors or if they welcome him in to give him money. I suspect I know what will happen.

 

[sobo]

Certainly would come as no surprise to me if I get to see it happen. Again not a damn thing I can do. What I do know is the US is top of all. All of the rest of the world depends on us. So if we crash? What will be a cold and sniffles for us will be life threating illness to most of the rest of the world. Will be kind of fun to watch the mobs who right now have so little to do or a life to live that they run from one "protest" to the next while living in Mommy and Daddies house. Most of them openly hate the US but sure as hell don't move. So if we have a good crash? Be funny as hell to watch them when the "free" stuff shuts off.

And I'd pay (fiat) money to see that!

 

[Mono1]

Diamond for a long time maintained value out people have figured out ways to create and reproduce them that there are near impossible to distinguish from the real for most people.

Since you mentioned Diamonds I thought I would Chime In with my Two Cents.

Not an expert, but my understanding is that nowadays Lab-Grown are virtually indistinguishable from Natural. It requires Lab equipment to identify the difference as Natural contains a tiny trace of Nitrogen that Lab Grown does not.

In terms of investment, my view is to only buy Lab-Grown from here on out. My expectation is that the two prices over time will eventually merge at the Lab-Grown level.

Again, just my two cents. Being someone who has bought Natural throughout my life not foreseeing the technological developments to take place. Bummer for me, but I am diversified, so no worries.

Reminds me of the fact that Aluminum was once considered more valuable than Gold (in the MAddle ages, Princes and Upper classes ate with Gold knives & forks, but the King and Queen ate with Aluminum.)

Times change.

 

[doninoregon]

I started buying silver in 2004 at $7.71/oz. My average purchase price is about $25/oz. I bailed out of stocks years ago.

I have to say, this is a retiree's fantasy come true. If my Hyundai ever dies, I'm buying a Porsche.

 

[Mono1]

He's really fun at parties, too!

Luv Ya Man!