What will the silver opening price be? The Sunday evening market opens in 14 minutes so I thought a thread would be appropriate.

vanity ^ | jan 31 2o21 | Presbyterian Reporter

[Fai Mao]

It has the head of Philip on one side and a standing (I think) goddess Athena on the back with here shield and now. It says has Philip’s name and title around the outside of the back.

[wny]

Don’t get too excited , some criminal on the COMEX will dump a few hundred contracts overnight and slam it back down.

[RummyChick]

here is one of the better memes of wallstreetbets

https://www.reddit.com/r/wallstreetbets/comments/l7feld/its_power_to_the_traders_now/

[pterional]

The price of silver is going ballistic.
APMEX website is down. They are probably trying to determine what or how to price physical silver. Exciting times..

[bantam]

“Don’t get too excited , some criminal on the COMEX will dump a few hundred contracts overnight and slam it back down.”
________________________________________________

EXACTLY THIS!!!!!!!!!!!!!!

[OneVike]

I trade withe trade, I have no worries, trade will never do what the others did.

I’m fine

[Big Red Badger]

Silver,
Girls,
Asian.
I’m liken’ this Thread.
.
As a matter of Fact,
When This Wuhan flu hit
Mid-March,,,
Silver had DROPPED to
12 dollars an ounce!!!

[Senormechanico]

28.70

[Big Red Badger]

12 bucks an ounce
Last March.

[mylife]

thats the market, but silver dont go bad, and is an indicator of electronics production, and general manufacturing growth

[PIF]

The Thread is about silver prices - so no platinum today. The bullion is 1oz for US$1,000. Don’t be fooled by the current low price of $27 when you can pay $1000 now and save the trouble of paying more later.

[Presbyterian Reporter]

Thanks for the link. I have not used Yahoo Finance charts for a long time. They are still very good.

[mylife]

Buy low, sell high, always hard to do cuz when its worth a pile ya don’t want to part with it.

[CodeToad]

I would love nothing more than to see a $50 open, or at least a $50 close for the day, but right now Kitco.com is reporting a $27.00 average asking price.

[P-Marlowe]

It’s not the silver that’s going up. It’s the American Eagle Dollars.

[mylife]

What’s going on with Baltic Dry Index? LOL

[Travis McGee]

FYI, this is a photo grab of a 2,000# sack of lead weights. Or, it could be one million dollars in silver, the bag is a little bigger. Pallets are 48" X 40", for a visual reference. Lead or silver, 2K# would not be easy to tote away. Fill it with silver at your leisure, nobody is running away with it in a hurry. But you could stick it in your garage or basement easy. A million 2021 dollars.

[Nathan _in_Arkansas]

Generic silver rounds are going up with the rise in the silver spot, as well. American Silver Eagles are being bought up quickly, reducing supply and causing the price to be higher than spot for one ounce of silver the way I understand it.

[mylife]

And when you have to part with things is not always the best time

[Presbyterian Reporter]

“””Don’t get too excited , some criminal on the COMEX will dump a few hundred contracts overnight and slam it back down.”””

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So true. Much of the current upswing is from the weak shorts who bailed out after spending the weekend without sleep worrying how high silver would go at the opening on Sunday evening.

Trading volume is usually pretty low on Sunday evening. The big money will start playing tomorrow morning as Europe opens and then the USA at 8:30 EST