Anyone else been following this in the silver market? Lot of online suppliers have stopped most of their sales in physical silver until the market opens tonight. Be interesting to see what happens this week with silver.

Could be monumental! Silver has been suppressed on purpose for decades IMO.

Chris

For sure, ask the Hunt Bros.

The Hunt Bros should also be looked at as a good example at what they can do. They being the establishment.

If this ride takes off it will make Gamestop look like the Ferris Wheel.

No doubt!

Chris

Yeah, viewing APMEX yesterday, they still had their normal price structure up. Today, everything is "alert me" status and they say "they're out of stock". Should have, could have, and would have last week for more silver Eagles...

Sure hope you guys are right

In the case with GameStop, the big money players simply changed the rules so that only they can play or win. Keeping the small investor small, if not totally eliminating them.

Squeezing the shorts in silver could play out a little differently than GameStop. It could be an interesting week in the physical silver market. The price above spot could widen quite a bit as there is a LOT more paper silver than physical. From what I’ve heard, some buyers of shares also placed some large orders for bullion/coin. Others purchased bullion/coin anticipating the attempt to squeeze the shorts. The squeeze could create a shortage of physical. If that happens, the price above spot could rise very quickly. Bullion/coin dealers had a very active year in 2020, with some, like SD Bullion, reporting a 300% increase in sales for 2020. The interest in PM’s has grown during the corona craziness. More economic uncertainty and money printing is almost certain to keep driving the price upward. Market suppression is only an attempt to delay the death of the current fiat money system anyways. IMO

How would a person profit with a huge upturn in silver price if they are sitting on 1000 oz. of physical mixed between silver dollars and junk silver? Asking for a friend.

Chris

https://www.youtube.com/watch?v=Jq0L5LOqLAU&feature=emb_logo

Some thoughts on silver

Hodag, in my opinion, if someone really wants to profit in PM’s, simply hold onto it. Fiat currencies are eventually printed until they are worthless. Whether it’s the Weimar Republic, Zimbabwe, Argentina, or others, fiat currency always fails (becomes worthless). They can print dollars faster than they dig silver or gold. There’s a finite amount of PM’s, but fiat is limitless in its production.

If looking to exchange your PM’s for “money”, I don’t think it’ll be hard to find someone to trade with. I don’t think I’d go looking for a buyer. Rather, I’d wait until buyers are searching for sellers.

Thanks that makes sense. This next week will be very interesting!

Chris

Silver bounced up 2 bucks at the opening, now it's only .69 up.

It should be fun watching AG stock.

Another good option is if/when silver to gold ratio drops below about 45 to 1 is start trading silver for gold. If it goes below 40 to 1 trade it all. If it goes below 30 to 1 trade the wife and kids.

this is gonna get insane men, hang on for the ride and pick an exit point.

up 12% in 12 hours

Off to a decent start.

Going to be a bunch of billionaires on here!

I will proceed with caution these guys are pro's

Sitting on 10oz I might get a new truck soon. LOL

Fake hype. Manistream media trying to push up silver to help their hedge fund buddies that got beat down on GME.