Shortage of silver
We have seen a divergence in the physical price of silver and the quoted spot price. The spot price is that which the ETFs are traded at.
That spread (premium) had exploded during the shortage of silver... a shortage of silver which is really out there.
When to buy
I am a buyer of silver and if we reach down to $24 an ounce, I'm gonna be buying.
But if we breach the $20.50 and below area, I'd be backing up the truck and load up, buying with both hands, and "beg, borrow, or steal"!
It would be like the gift from heaven if we see sub $20 silver again! I would be emptying my cash position at that point and make some purchases.
What happened
All of these SLV, GLD, the commodity exchanges, Futures, Options... they are all derivatives and not gold and silver. If the Reddit WallStreetBets crowd had taken their silver in physical form and not in a derivative form and had done that, we would be seeing $50 silver today. But they didn't.
It looks like the big boys are going to win again. When silver hit the $30 range in January and when that failed (known as the Silver Squeeze) at that point, control changed from the WallStreetBets to the big boys.
I do think that some of the Reddit WallStreetBets will eventually be selling their silver especially if they are leveraged. If they bought on margin, or if they've got options, and they got to cover, we might see a plunge in the price of silver to $22.
Showcasing
I have accumulated enough silver, and if the price goes up from here, I am not going to purchase silver for a while, except for special pieces.
2021 American Silver Eagle PCGS MS70
First Strike, Flag Label
This original design of reverse of the 2021 American Silver Eagle will be changing soon.
What a classic beauty!!!
😍#ilikeitalot!😍
#PredictTheFuture
It's 2067!
The price of silver is $10, gold is at $40.
There is only one digital currency.
The dollar prevailed, and is the world currency.
We are back to the gold standard!
The value of moneys is $1 = $1.
And Life is Good!
Best Regards,
I am not a financial adviser. This article is not meant to be financial advice. My articles on cryptos and precious metals share my personal opinion, experiences, and general information on cryptos and precious metals.Thank you for stopping by to view this article.
I post an article daily, and I hope to see you again soon!
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I am way more selective in what I buy at these higher prices. Thanks for sharing, @silversaver888.
I never thought I put a limit on the price of bullion silver.
If prices persist, I'll be buying generics and perhaps the special coins when they come out.
🥰🌺🤙 !ENGAGE
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ENGAGEtokens.Paper price is a joke right now. I bet JPM can't back it up with physical...
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Yes, my friend. And you might be right!
🥰🌺🤙 !ENGAGE 10
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ENGAGEtokens.You beat me to it, my order will be delivered today at my place of business, and they hold all of our mail until Monday!
It looks like a great coin, I'm so glad they changed the design. This is the first time I ever ordered graded coins for the stack, I figured if an eagle was 40 bucks I would do better paying for the graded ones and it's something different to have. lol
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You are right!. I only buy one for each year.
I hate that there is so much delay!
I the meantime that I have not received my orders, I am holding off because of the price!
I never imagined the price would matter!
🥰🌺🤙
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I've never been into buying either silver or gold, but they make some of the good investments out there (learned it during my college). At least it's an investment that you can touch and know it's there if we compare it to the crypto world :D
Yes, you got it, @gabrielatravels!!!
I love it!
But not all your portfolio must be in this asset class!
🥰🌺🤙
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Definitely! Have a great weekend! 😌
Almost a strange twist similar to the Hunt brothers. If they also had bought Physical silver history would've been written a different way @silversaver888!😍😍😀
It's disappointing! They were 13% away... close.
The big boys won again!
🥰🌺🤙 !ENGAGE
Big boys with lot's of power @silversaver888 ...It is disappointing my friend😍😍😀
ENGAGEtoday.The paper price may go down to $22 - $24 and the premiums my push the final tab to $32 - $34 USD but it wont stop my quarterly-ish purchase plan, just fewer coins this time round.
It's the Physical that counts!
Always, with love 🤗 🌺 💖
My LCS 2021 Maple leaf ETA is 10 days.
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You know what you are doing.
My 2021 Maple Leaf I ordered them sometime back with SDBullion. They have not informed me yet if they have shipped.
Forget it... they will do what they want with it, I'm tired of waiting!
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Hugs and kisses, sis @kerrislravenhill
🥰🌺🤙 !ENGAGE
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ENGAGEtoday.I just treat the dips in the stock market as a buying opportunity. Sell some covered calls when the price is about right to lock in a bit of extra profit. At least that way in the stock market, I guarantee some profits. If the calls don't get exercised, I don't mind since I had plans to keeping them for a while in my portfolio. When they do get sold, I just wait for another dip and repeat.
I do want silver to drop a bit since I missed the chance to load up on physical silver (thinking it would go lower).
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I hope it drops for you, I hate it when people buy at the high and then get mad if it drops. You sound like you have a good feel for the way things work and I like your strategy with the covered calls. I'm waiting for a manipulated drop to load up #BIGTIME on some silver miners and some options on First Majestic silver corp.
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Yeah... we won't mind the drop.
Wait till they sell, it would drop.
THen we buy!
🥰🌺🤙 !ENGAGE
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ENGAGEtoday.Congrats, you were upvoted from this account because you were in Top 25 engagers yesterday on LeoFinance .
You made a total of 23 comments and talked to 16 different authors .
Your rank is 2 .
For more details about this project please read here - link to announcement post
You can also delegate and get weekly payouts.
You wear gloves when expo them on the picture how cool. Precious it is , I have to look into the Dutch silver savers community, if we have one that is
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I know a stacker from there, his name is Alexander R De Voogt.
Take a loot at his stack, take 8 months ago.
The Silver Mountain, a Dutch bullion dealer.
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A classic, indeed, sis! Thanks for sharing, and honestly, I would join you in that $20 silver sale purchase.......if it were to happen, lol! Take care!
Hahaha, it will be a 3 t 5 months wait sis @elizabethbit!
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I've got time!😽
Yes, me too! I've got a galore of shinies. I just hope I have a good discipline to not spend money in other stuff.
At any rate, the last time I purchase something major was the pool!
And well worth it, I'm sure! I am thinking that in the future, depending on what goes on with economics and currencies, that we may find we need to use a little of the shiny in day to day living. It just depends on the powers that be. Take care sis!
Silver is one of the most purchased assets in the world, but it could be overtaken by Bitcoin in the next 5 years. What do you think about this @silversaver888
If it hasn't been already, @stefano.massari!
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I don't trust the paper silver market at all. It's manipulated by the banks to cover for a continuously depreciating Dollar (and Euro, and all the rest). The premium prices on physical show that the paper market is a sham. Only physical silver for me, and I'll probably buy more if the market dips below 20 Euro (i.e. 23-24 dollar)
Hurrah!!!
I have the same thoughts.
The paper silver market...
Watch it with Bitcoin!
Give it time...
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Enjoy the weekend @pietermijmeijer 🥰🌺🤙 !ENGAGE
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ENGAGEtoday.Thanks for sharing your thoughts.
It is nice to hear some bigger picture thinking in regards to the silver market.
Great post.
Thanks for the compliment!
If the content is what appeals to you,
and what will make you come,
I don't mind the discussion!
Hahaha... sometimes we just assume that everybody knows.
And we don't discuss it.
Have a wonderful evening!
🥰🌺🤙 !ENGAGE
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ENGAGEtoday.hahaha!!!
🥰🌺🤙 !ENGAGE
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ENGAGEtoday.Hello dear friend @ silversaver888 good evening I admire your knowledge and appreciate very much that you share it with all of us, you know that I would love to be able to stack metals as you do, it is something I really like, and having this information available for me is very interesting. happy to see you participate in predicts the future.
have a splendid weekend
Hello dear @jlufer!
Yeah, I joined the predictthefuture... but not as good as you did hehehe!
I know that you'd love the stack.
I was going to send you silver to get you started.
That is why I asked how was the mail system there... but it figured it will not get to you!
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Enjoy the weekend, @jlufer!
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Not trying to be a killjoy, Sadie... but here is my take:
SPOT may drop to this, it may drop even lower... more comments below.
Any SPOT Prices below the trading ranges we are seeing now are simply more "MANIP-MANOP" and WILL Be accompanied by excessive spot prices. Right now, I paid a terrible premium on the generic Buffalo rounds I just got. It was $6 or $7 each... A bit of bad timing on my part, but I don't regret it a bit. ASE with a $10 premium, I'm doing OK. I did REALLY WELL in March of 2020, bought Silver for $20.248 TOTAL COST ozT and the coins are NUMIS and worth about double at this moment. So averaging that out against this, I'm still killing it since COVID.
I PREDICT...
that if we see anything around $20 spot that we will also see 100% Premiums. Retail Investing markets are going to see $40 out the door prices. Locally, even "junk" Silver is crazy. I don't buy in my current locale, people here are maniacs! But I might SELL to them 🤣🤣🤣 I could prolly get $35 and up for some of my Morgans. I might convert some Constitutional Silver for new Bullion. 💪😎👍
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Ah... my friend, you are well versed with all the issues!
Kudos t0 you!
🥰🌺🤙 !ENGAGE 10
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ENGAGEtokens.Thank you @pixresteemer!
This post has received a 100.00% upvote from @fambalam! Join thealliance community to get whitelisted for delegation to this community service.
Thanks, @fambalam!
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Thanks for continuing to make Hive awesome.
I missed you, my friend!
Thank you!
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Congrats, you were upvoted from this account because you were in Top 25 engagers yesterday on LeoFinance .
You made a total of 19 comments and talked to 16 different authors .
Your rank is 20 .
For more details about this project please read here - link to announcement post
You can also delegate and get weekly payouts.
I read this, but almost forgot to leave a comment. Precious metals are something that I do not have much experience with. Silver seems like it will be a popular store of value even in 2067.
Ahh... what a great time for you to be familiar with it, my friend!
Thanks for leaving a comment, @daltono. I appreciate it!
With all this information about silver I just spent a little time searching the information about 3D printing silver. Pure silver can be 3D printed but it is expensive. Thanks for encouraging me to learn something new about silver.
Thank you, my friend!
I hope you found the article useful!!!