$30,000 Millionaire said:
Trying to decide if I should let go of some silver. Have a lot.
$30,000 Millionaire said:
Lots of eagles bought mid 20s
Heineken-Ashi said:
It's the age old conundrum. Everyone, even the most bullish, know what's happening is rare and is essentially a squeeze of historically epic proportions. At what point is chasing a top not worth risking missing it? The majority will hold as it moves back down, hoping for one more push up that won't be anywhere as steep and sudden as this one even if it does happen.
The money was made from $15-$30, then $30-$40, and then $40-60. Those that missed it and are jumping in now, they are the usual chasers. They will end up the bag holders and exit liquidity. Just a matter of when, not if.
I still think there's more room to go. But I don't think it looks anything like the last couple of months. Probably a big selloff sometimes soonish followed by an overlapping choppy mess back up that shakes people out at every turn.
TTUArmy said:Heineken-Ashi said:
It's the age old conundrum. Everyone, even the most bullish, know what's happening is rare and is essentially a squeeze of historically epic proportions. At what point is chasing a top not worth risking missing it? The majority will hold as it moves back down, hoping for one more push up that won't be anywhere as steep and sudden as this one even if it does happen.
The money was made from $15-$30, then $30-$40, and then $40-60. Those that missed it and are jumping in now, they are the usual chasers. They will end up the bag holders and exit liquidity. Just a matter of when, not if.
I still think there's more room to go. But I don't think it looks anything like the last couple of months. Probably a big selloff sometimes soonish followed by an overlapping choppy mess back up that shakes people out at every turn.
Supply, demand, math, and physics can only be held back before a very hard truth surfaces. If I were in Trump's ear, I'd tell him to put a leash on the EPA and start handing out silver mining permits effective immediately. Otherwise, we're going to see silver explode north of $150 p/toz. by second quarter of 2026.
jagvocate said:
Oliver's analysis isn't fundamental, it looks at other commodities that had decades-long basing formations and then experienced breakouts, like Silver. We'll see if he's correct, should know by end of 2Q2026
$30,000 Millionaire said:TTUArmy said:Heineken-Ashi said:
It's the age old conundrum. Everyone, even the most bullish, know what's happening is rare and is essentially a squeeze of historically epic proportions. At what point is chasing a top not worth risking missing it? The majority will hold as it moves back down, hoping for one more push up that won't be anywhere as steep and sudden as this one even if it does happen.
The money was made from $15-$30, then $30-$40, and then $40-60. Those that missed it and are jumping in now, they are the usual chasers. They will end up the bag holders and exit liquidity. Just a matter of when, not if.
I still think there's more room to go. But I don't think it looks anything like the last couple of months. Probably a big selloff sometimes soonish followed by an overlapping choppy mess back up that shakes people out at every turn.
Supply, demand, math, and physics can only be held back before a very hard truth surfaces. If I were in Trump's ear, I'd tell him to put a leash on the EPA and start handing out silver mining permits effective immediately. Otherwise, we're going to see silver explode north of $150 p/toz. by second quarter of 2026.
How are you coming up with that?
I could see it if there was a multi-year shortage or a large government tries to corner the market, but I think above $90 would be difficult in the next 6 months. Lower oil prices can somewhat curb solar and EV purchases. AI purchases of course are an issue.
Quote:
Currently, registered silver inventory at COMEX fluctuates between 150-250 million ounces, with recent reports indicating a significant depletion, leading to a ratio of about 28 paper claims for each physical ounce of registered silver. This indicates a tight market with limited immediate supply available for contract fulfillment.
Quote:
Currently, the COMEX has about 155 million ounces of unallocated silver available for immediate settlement, which is considered critically low compared to annual demand. This amount is only enough to cover approximately six weeks of global silver demand.
Quote:
Annual production is currently estimated at around 917 million ounces. This figure can vary based on demand and mining practices.
Quote:
Currently, global silver consumption is approximately 1.2 billion ounces annually, with industrial applications accounting for about 59% of this demand. This includes significant use in sectors like solar energy and electronics, reflecting a structural shift in silver's role from primarily a monetary metal to an essential industrial commodity.
Heineken-Ashi said:
Like I've been saying.. rare territory.
Heineken-Ashi said:
That can all be true. Not agreeing or disagreeing. But the point remains that we are at historical levels of bullish sentiment. History shows that even if it continues for a year, we are close to the end. The only similar point in time that ended up bullish on a one year horizon was the end of the 1970's, and even that one wildly reversed two years later.
Sentiment has an emerging characteristic. That means it bottoms before fundamentals and logic say it should, and tops the same way.
For those not committed to lifetime holding, my simple point is to have an exit plan in place.
I bet TexMetals in Shiner sees an uptick in their onsite storage business.Outdoorag011 said:
A little house keeping note:
Depending on when you starting stacking, your stack could be up 200-300%. The value of your stack has significantly increased. It might be time to revisit how you have your metals stored/secured. A large percentage of robberies are done by a friend or family member. If you told people about your silver at $20, $70 might be high enough people risk it.
Things to think about: security cameras, better safe, moving metals to offsite location, splitting stack into multiple locations, home protection (dogs, firearms).
All of this matters, especially at $70, but even more so if silver hits $100+.
When in doubt, tell no one you have precious metals.
Outdoorag011 said:
A little house keeping note:
Depending on when you starting stacking, your stack could be up 200-300%. The value of your stack has significantly increased. It might be time to revisit how you have your metals stored/secured. A large percentage of robberies are done by a friend or family member. If you told people about your silver at $20, $70 might be high enough people risk it.
Things to think about: security cameras, better safe, moving metals to offsite location, splitting stack into multiple locations, home protection (dogs, firearms).
All of this matters, especially at $70, but even more so if silver hits $100+.
When in doubt, tell no one you have precious metals.
Silvy said:
I regret not buying more
