Silver Price Watch

[alor]

Silver ON SALE SIGN is up again

Buy 1 oz South African Silver Krugerrand Bullion Coin

Minted by the world-famous Rand Refinery of South Africa, this silver bullion Krugerrand coin is fabricated in 99.9% pure silver. Like its famous counterpart the Gold Krugerrand, the Silver Krugerrand features imagery of South Africa’s national symbol, the Springbok, along with a portrait of...

www.bullionstar.com

aud is A$40.48

 

[STKR]

Silver ON SALE SIGN is up again

Buy 1 oz South African Silver Krugerrand Bullion Coin

Minted by the world-famous Rand Refinery of South Africa, this silver bullion Krugerrand coin is fabricated in 99.9% pure silver. Like its famous counterpart the Gold Krugerrand, the Silver Krugerrand features imagery of South Africa’s national symbol, the Springbok, along with a portrait of...

www.bullionstar.com

aud is A$40.48

I reminisce to the days in 2018 when you couldn't move silver at $22 AUD. For me it was a no-brainer, as it was a time when it cost more for primary silver mines to mine it out of the ground than it did for us to buy it in Bullion form. Still, very few stackers sought to load up because it was coming off the back of a 7 year bear market.

 

[alor]

Wish for pull back to add, not sure can be had.
Adding a year target in just first month, the rest of 11 months are for waiting.

 

[STKR]

ABC are starting to list silver as pre-order.

Looks like fomo may be hitting the markets during the recent price hike

 

[alor]

Perspectives of a Precious Metal Bullion Dealer

IPM Group (indigopreciousmetals.com) is a group of companies in the physical precious metals business, focusing on the supply and physical delivery of investment grade precious metals directly to customers.

sgd.indigopreciousmetals.com

 

[shinymetal]

It will probably bounce around then test 50USD.
Then... I mean once it goes through 50USD it will already be well through previous highs in other currency as well and it's off.

 

[alor]

But there are plenty of metals at the dealers, for now, with the ongoing sale, discounted prices to make room for buy backs.

Good stuff started to appear when price is higher.

 

[shinymetal]

I mean USD, I think if it gets to 30 and hold it, 50 could happen really quickly from there.
Maybe I'm overly hopeful.

 

[dragafem]

What goes up must come down. But! For how long? Is in my brain. I'm so mixed in my feelings about the POS. Watch and wait I suppose

silver can crash as it happened before-the only way for gold is up most people would sell silver (if need to) before gold

 

[STKR]

I mean USD, I think if it gets to 30 and hold it, 50 could happen really quickly from there.
Maybe I'm overly hopeful.

I don't think you're overly hopeful. Some members may have seen the post where India imported the entire monthly global mine supply in February. The projected deficit this year is set to be 400 million Oz's. The only reason silver has been smashed back down in previous instances is because they've used undisclosed aboveground reserves to meet market demand. The question nobody can answer is how much is left? The truth we all know is that silver supply is finite and these aboveground reserves will eventually be depleted. If they've been utilised for over 50 years, it's fair to assume the free market forces will overcome the ability to manage the price of Silver any day now. Once these stockpiles are depleted, a price more aligned with silvers natural ratio to gold will be more than likely.... And $50 USD silver will be a minor hurdle to jump over.

 

[66rounds]

silver can crash as it happened before-the only way for gold is up most people would sell silver (if need to) before gold

I agree with you friend but time and time again we’ve seen silver slingshot up to follow a run in gold. It’s always important to have both because for weeks I couldn’t sell any silver and had to sell gold instead. Always dangerous to not have both.

 

[STKR]

She looks nice with a 7 at the front. I remember in the lows of 2020 the 5kg bars were just under $3300. How times have changed. I'm glad I thought ahead and never bought anything larger than 1kg bars. Even they're not as liquid as they used to be, currently fetching over $1400.

 

[ozcopper]

How Much Silver Will Cost in April 2024?

 

[STKR]

Breakout imminent

 

[STKR]

ABC Bullion have a strange thing going on with their spot price at the moment. It's usually 20-30 cents above actually spot but currently it's $1.60.

I wonder if it's because of the volatility in the market today?

 

[STKR]

Booshka. Worm to the moon

To the moon and back. There's some market forces that really don't want silver to test that $30 mark

 

[Sandy Gooch]

For no particular reason i use bullionvault for checking in on prices. Is that an accurate source?I notice a fair amount of variation in online store spot price sometimes.

 

[STKR]

For no particular reason i use bullionvault for checking in on prices. Is that an accurate source?I notice a fair amount of variation in online store spot price sometimes.

Most Bullion dealers deviate slightly from actual spot price in their favour. Actual spot prices are listed here on Silveroos. You just need to scroll down on the home page and you'll find them. It's sourced from goldprice.org



What I do is look at the spot price, look at the dealer price and figure out the difference. Then just use the dealer price as a reference and subtract the difference.

 

[Serial]

Also be careful of the Friday night smack downs on silver! This is a very real trend from the greedy manipulation on wall Street goons. Good luck

Yes, but it looks like they are struggling today, hope they lose their shirts on it

 

[Sandy Gooch]

Also be careful of the Friday night smack downs on silver! This is a very real trend from the greedy manipulation on wall Street goons. Good luck

Yes i watch considerably more than i ever buy for just a few years but the last 24 hrs and the first 6 hrs of the week are so manipulated I dont look except to think 'aah the old friday trick!!' I would prob be obsessed if i traded.