HI friends,
Silver is headed in the wrong direction so far in 2024:
Premiums on silver bullion is not coming down so a lack of demand is not the issue - simply ebbs and flows in trading. Better to add when the price is slightly lower anyway.
Thanks for coming by,
Brian
I'd expect industrial demand to drop and thus the price since we're talking Recession. And with retailers flush with inventory the premiums should drop. I'm game for cheaper silver.
Does Silver and Gold have inverse price movement? Silver going down can just be a sign to buy more haha.
It changes. But clear to me Gold is set to continue to outperform for years to come.
I can understand that. I think just from the demand itself, Gold is needed/wanted more than Silver most of the time.
Agreed! !PIMP !DHEDGE
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I think now is a great buying opportunity. The fake paper price is down, but silver is still silver.
!DHEDGE
It’s not just paper price. It’s the physical price too. Obviously adding premium. The day it’s only paper is the day silver physical prices don’t move based on paper price. I think that day may come indeed! But the whole thing the just paper 📝 rice only matters when u can’t get physical for the same price plus a reasonable premium. I think one day we’ll see a 100% premium and there I’ll say paper price be dammed but here it’s the paper price producers are selling for no problem.
True. For now, the physical price is still tracking paper price, but it won't always be that way. Get it while it's cheap! 😁
Seems there is no correlation between silver and gold in 2024.
Every market is making correction
This coin is declining rapidly. I don't think it can stop. But there can be both profit and loss in buying at this time. But the benefits can be even greater. Therefore, we should do it with understanding. Thank you @brian.rrr
Depends who you ask I personally love me a sale 🤣 !BBH
@brian.rrr! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bitcoinman. (11/50)
Damn
That was low
It could bring up a pump later though
Silver is really bleeding massively but I strongly believe silver will recover
Markets are down so it's not a worry right now, they will go up again in no time. It's a good time for those who had to buy.
You have rightly said that a decline is being seen in silver but soon a rise in silver can also be seen. This silver will start showing its edge again just have to wait for you
Not anytime soon I’d guess… I say $19 incoming.
I hope so
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Yea silver still below its ATH by well over 50% and gold within about 8% or so. I expect Silver to still be far from ATH even after Gold breaks through by 50%. Unpopular opinion; Gold will outperform Silver for years to come. As it has overall for decades.
!PIMP
You must be killin' it out here!
@geneeverett just slapped you with 1.000 PIMP, @brian.rrr.
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Mini bounce incoming. But I see lower being around a bit…
That is really a wrong direction. Let's hope for a positive turn around