Anyone else a silver investor or follow the metals market? Silver up 11% today and 166% for the year. I’m curious to see what happens when the London Metals Exchange opens Monday after a 4 day holiday. It could be a panic day where prices could go from the current $79 to as high as $100, or they could try to drive it down with massive short positions.
Either way, it doesn’t change the fact that demand, both industrial and investor, is far outpacing supply. Before my boating accident I had acquired a fairly substantial amount of silver, sure wish I still had it. Bought most back in 2017 between $17 and $18.
Sharply rising silver prices (doubling this year) seem to be driven by FOMO more than any other factor. I sense a bubble forming. In the past 45 years or so silver prices boomed and busted twice.
(12-26-2025 09:04 PM)banker Wrote: Anyone else a silver investor or follow the metals market? Silver up 11% today and 166% for the year. I’m curious to see what happens when the London Metals Exchange opens Monday after a 4 day holiday. It could be a panic day where prices could go from the current $79 to as high as $100, or they could try to drive it down with massive short positions.
Either way, it doesn’t change the fact that demand, both industrial and investor, is far outpacing supply. Before my boating accident I had acquired a fairly substantial amount of silver, sure wish I still had it. Bought most back in 2017 between $17 and $18.
Yep, at the beginning of the year I came on here and said buy precious metals and got shot down like I was an idiot... but yeah I bought the hell out of gold and silver back in January of last year. American Eagles and American Buffaloes Took them all from 2 different gold and silver stores.
(This post was last modified: 12-26-2025 11:18 PM by memtigbb.)
(12-26-2025 10:19 PM)Tiger1983 Wrote: Sharply rising silver prices (doubling this year) seem to be driven by FOMO more than any other factor. I sense a bubble forming. In the past 45 years or so silver prices boomed and busted twice.
The 80’s rise was specifically tied to the Hunt brother’s effort to corner the physical market. It was an artificial manipulation put down by London and the banks massively shorting to drive the price back down and break the Hunts.
The 2008-11 was driven down through the same mechanism. Problem now is that demand is now real and working against those short positions. The interest rate on borrowed, shorted silver, is making those positions extremely hard to hold.
I’m not a buyer at current prices, I’ve never paid more than $30 for any silver, but that doesn’t mean that the prices aren’t going higher. The problem now is if you try to go buy silver right now you can’t get it for less than $83-84 and that’s if you are buying 100oz bars or larger. I quit buying last year when premiums started hitting $3-4 an ounce.
(This post was last modified: 12-27-2025 12:59 PM by banker.)
(12-26-2025 09:04 PM)banker Wrote: Anyone else a silver investor or follow the metals market? Silver up 11% today and 166% for the year. I’m curious to see what happens when the London Metals Exchange opens Monday after a 4 day holiday. It could be a panic day where prices could go from the current $79 to as high as $100, or they could try to drive it down with massive short positions.
Either way, it doesn’t change the fact that demand, both industrial and investor, is far outpacing supply. Before my boating accident I had acquired a fairly substantial amount of silver, sure wish I still had it. Bought most back in 2017 between $17 and $18.
Yep, at the beginning of the year I came on here and said buy precious metals and got shot down like I was an idiot... but yeah I bought the hell out of gold and silver back in January of last year. American Eagles and American Buffaloes Took them all from 2 different gold and silver stores.
not by moi ... nuts has been in raw mat'ls for 2+ yrs...
like me pops and li'l bubba (took 'em a minute to convince), you're also a happy camper today ...
(12-29-2025 07:21 PM)WKUYG Wrote: Might be time to sell, this is just the start....
Gold futures fell 4.5% to just above $4,340 per troy ounce. Silver futures dropped nearly 8% after briefly touching $80 per ounce.
nay nay, nannette ... the shorts are getting squeezed ... there's still more to be had...
toss in it's req'd now more than ever, and I'll continue to ride that short-term roller coaster ... my cost avg. is so low, it doesn't really matter...
I feel a lot better about the gold than I do the silver. I bought in at $1703 2022 when I sold 1/3 of our homes and didn't want to hold the cash at 4.5%. Did the same with Silver after selling off 20 homes late 2023 early 2024...$25 to $28. Getting ready to jump out of both after the first of the year. I think China is going to f' with the silver market and gold has to start dropping soon. If not I wont regret selling even if it goes up because I never cared if I rode anything to the top before jumping off. Got a return on both that I wasnt expecting
(12-29-2025 07:21 PM)WKUYG Wrote: Might be time to sell, this is just the start....
Gold futures fell 4.5% to just above $4,340 per troy ounce. Silver futures dropped nearly 8% after briefly touching $80 per ounce.
Get ready for a bounce. I am not saying if you dont already have silver to go invest in silver, but it is not done. It may go down even more, but it will bounce back and go up more over the next month.
(12-29-2025 08:37 PM)WKUYG Wrote: I feel a lot better about the gold than I do the silver. I bought in at $1703 2022 when I sold 1/3 of our homes and didn't want to hold the cash at 4.5%. Did the same with Silver after selling off 20 homes late 2023 early 2024...$25 to $28. Getting ready to jump out of both after the first of the year. I think China is going to f' with the silver market and gold has to start dropping soon. If not I wont regret selling even if it goes up because I never cared if I rode anything to the top before jumping off. Got a return on both that I wasnt expecting
I'm not one to give advice on investments other than, 'here's what I'm doing' ... there's been a few moments on this board where the hitters came to play during the covid/bidet* years ... it was basically a cash/raw mat'l consensus if old, and status quo averaging if entrance with a tilt to raw...
you've hit all the check marks over the years ... at some point, what becomes enough ... we're both at the age where none of our eggs are ever in one basket ... your strategy has always been 'sound'...
@60.41 #tangible
(This post was last modified: 12-29-2025 09:44 PM by stinkfist.)
Here’s the thing about selling, what am I going to do with cash, which is guaranteed to lose 2-4% of its value every year? Stock market is overvalued, real estate is overvalued. Might as well hold the metals.
(12-29-2025 07:21 PM)WKUYG Wrote: Might be time to sell, this is just the start....
Gold futures fell 4.5% to just above $4,340 per troy ounce. Silver futures dropped nearly 8% after briefly touching $80 per ounce.
nay nay, nannette ... the shorts are getting squeezed ... there's still more to be had...
toss in it's req'd now more than ever, and I'll continue to ride that short-term roller coaster ... my cost avg. is so low, it doesn't really matter...
(12-29-2025 10:44 PM)banker Wrote: Here’s the thing about selling, what am I going to do with cash, which is guaranteed to lose 2-4% of its value every year? Stock market is overvalued, real estate is overvalued. Might as well hold the metals.
Yep, exactly, if you are not making at least inflation you are not saving money you are losing money.
I am loving my silver (and gold but gold hasnt tripled). China is threatening to stop exporting silver so either prices are going to go even more insane, or techs are going to have to work out a way to do things without silver. Which I think is a possibility. 6% efficiency loss using copper, but if copper is so much cheaper is it worth losing 6%?
(12-29-2025 10:44 PM)banker Wrote: Here’s the thing about selling, what am I going to do with cash, which is guaranteed to lose 2-4% of its value every year? Stock market is overvalued, real estate is overvalued. Might as well hold the metals.
Yep, exactly, if you are not making at least inflation you are not saving money you are losing money.
I am loving my silver (and gold but gold hasnt tripled). China is threatening to stop exporting silver so either prices are going to go even more insane, or techs are going to have to work out a way to do things without silver. Which I think is a possibility. 6% efficiency loss using copper, but if copper is so much cheaper is it worth losing 6%?
it's time to move a percentage into currently held solid dividend payers (oil/defense) ... I never expected the past few days to happen ... time to spread more ... my cost avg is scary low (workin' on a 10 bagger) ... don't kid yourself, I'm gonna keep at least 50% right where its at...
while 'don't fight the tape' is a real thingy, so is moving profit into other options that keeps the 'eggs balanced' ... at my age, I'm not into FAFO ... this is real money...
Here’s the thing, yesterday the CME increased option premiums by 17%. That should have forced major selling, which it did for about 2 hours, then right back to going vertical.
The simple truth is that there is a shortage of silver and at the end of the day the manufacturers that need it have to buy it whether it’s $40, $90 or $300. Yes, they could focus more on copper, but they use silver for a reason (and copper is already up 12% in the last month). That’s a long term fix though.
