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Posted on 01/12/2026 6:23:09 AM PST by Presbyterian Reporter
Gold and silver prices are strongly up and both hit new record highs in early U.S. trading Monday. Risk aversion is significantly elevated in the marketplace to start the trading week, amid tumult in the Federal Reserve and civil unrest in Iran that are driving safe-haven demand to the precious metals markets. February gold was last up $98.30 at $4,599.30. March silver prices were up $4.849 at $84.205.
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Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
I read an article last week that stated this price set up is BS, and that silver is actually around $130 an ounce if you really want a piece of silver in your hand.
This $80-$85/oz spot pricing is for paper silver and makes the financial people feel good, but it doesn’t play out on the street.
Awhile back I posted an article about a Canadian investment bank that was shorting silver. They were expecting a drop to $40 an ounce.
Time will tell. But I wonder if some of their “experts” are getting a bit nervous.
😟
It’s the price I can pay to buy an ounce at my local dealer (plus a $3.00 commission).
The sell price is the bid price with no commission.
Buy local, I purchase an ounce or two each month, though a $100.00 bill does not go as far at the silver store as it used to...
There’s a number of you-tubes out there pointing out that Chy-naw has imposed silver export restrictions from their mining output, silver inventory and silver refining output.
For industrial purposes, the rest of the world is going to be short of actual silver to keep all plants running in a month or so.
Then there is apparently financial shenanigans on shorting Paper Silver over at UBS in Switzerland that have to be unwound soon..
Here is a link to a point and figure chart for SLV. SLV is the ETF proxy for silver and it is a good way to get current price action.
Just click the UPDATE button.
https://stockcharts.com/freecharts/pnf.php?c=SLV,PLPADANRBO[PA][D][F1!4!0.25!!2!20]
The DOJ’s frontal attack on the Fed is adding fuel to the fire in metals.
Here is a link to Kitco’s silver trading chart.
Since 8am EDT silver has been trading in the %84.00 to $85.70 range.
https://www.kitco.com/charts/silver
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If you would like to be on the Gold & Silver PING LIST, please pm me.
The Gold & Silver Ping List covers the following:Everything Gold & Silver
Stock market investments in mining companies,
etc.
Gold and silver seem to be following the same trajectories today. There’s nothing strange in that, is there?
“”””Gold and silver seem to be following the same trajectories today. There’s nothing strange in that, is there?”””
Nothing strange.
In the first half of 2025 gold was setting new highs as silver moved higher in tandem.
In the second half of 2025 the opposite was true. Silver led gold to new highs.
In January 2026 silver continues to be the leader in setting new highs.
Here’s me waking up to $84 silver 😊
On that day I warned maybe not invest in TD Securities. 😆
Thanks for the ping.
I have 7 .999 silver dollars that were gifted to me, and although I don’t wish to sell them now, how do I eventually sell them?
Bkmk
I wouldn’t sell them for a while.
If you’re determined to sell, I’d go to a local coin shop that deals in metal and see what they’d give you.
“I have 7 .999 silver dollars that were gifted to me, and although I don’t wish to sell them now, how do I eventually sell them?”
Find a reputable gold/coin dealer in your area. Preferably one that has been in business for at least a decade. My favorite local one is also a pawnshop but has been in business for 50 years and has a reputation of being honest and fair.
When you go in to sell, have the day’s current silver spot price already pulled up on your phone to make sure you are both dealing with the same numbers.
Thanks to both of you.
Much appreciated.
I have no desire to sell as they were gifted to me and can wait a long time.
Look for a Coin Shop or a Pawn Shop in your local area.
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