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Silver Price Watch

Smithys Bullion - FINE GOLD AND SILVER
That's quite the daily dump. I bet we'll see India taking advantage of this, and even more so if the price dumps further.
 
CME raised margins on COMEX futures by 7% and China didn't trade last night (holiday), so relatively illiquid demand coupled with tariff exclusion news deflating tariff risk.
 
This is exciting. Every now and then Silver presents an opportunity that's too hard to shy away from.

GSR is at crisis levels only seen once before. The silver institute reports All In sustaining costs have jumped 57% across the entire mining sector in just 1 year. Considering silver is mostly mined as a byproduct, this is crazy considering the price of Gold, and how mining companies distort their AISC's by offsetting the cost of mining silver with the profits from Gold, lead, copper and zinc. Add inflation and the cost of living to the mix, and we're entering an era of opportunity rarely seen throughout history.
 
Good talk from Keith Neumeyer discussing many things; including tech companies trying to secure more silver directly from mines. Starts from about 9 minutes in.

 
Sandy Gooch said:
Hey, I’m just curious about where and when the bottom will be. I'm asking for a friend. Cheers!

I mapped out a chart a while ago just for fun and to enhance my charting knowledge regarding where the price of silver (POS) might go due to Trump's tariffs. To keep it simple, my opinion is that if it breaks the red line, which I truly hope it doesn't, we could see a significant drop all the way to around USD 22.
Click to expand...

Screenshot_20250405_203627_TradingView.jpg
 
$24

Oil Douse GIF
 
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