Domain: tiger-web1.srvr.media3.us Silver Bugs thread: Silver up 12% for the week on Black Friday started the journey | Page 49 | Money Talk
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re: Silver Bugs thread: Silver up 12% for the week on Black Friday started the journey

Posted on 1/30/26 at 11:03 pm to
Posted by FAT SEXY
California
Member since Jun 2020
1787 posts
Posted on 1/30/26 at 11:03 pm to
I'll keep my thoughts to myself
This post was edited on 2/1/26 at 1:33 pm
Posted by slackster
Houston
Member since Mar 2009
91497 posts
Posted on 1/30/26 at 11:28 pm to
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21051 posts
Posted on 1/30/26 at 11:43 pm to
Maybe I did, in any case I hope there are more to come.

The US Mint raised their prices to $170 over a week or so ago. Asian guy was full of shite on that, the dealers like JD Bullion had eagles for sale today around $100
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21051 posts
Posted on 1/30/26 at 11:45 pm to
Posted by cadillacattack
the ATL
Member since May 2020
10226 posts
Posted on 1/31/26 at 7:06 am to
Whew … what a ride. I expected volatility, but silver down 25% and gold down 8% is wild.

You could see something was going on with the silver chart starting Wednesday …. red candles gapping…. tipping a potential intermediate top. By Thursday I was taking some profits and glad now that I did.

It was overdue for a significant pullback…. now I’d like to see it trade sideways a little, consolidation….. before catching the next leg up.

We’re in a long term bull …. and there is likely to be plenty of volatility along the way.

Good fortunes to all …..

Historical Seasonality chart for Silver:
This post was edited on 1/31/26 at 7:11 am
Posted by ronricks
Member since Mar 2021
11507 posts
Posted on 1/31/26 at 7:11 am to
Looking at the various online bullion dealers this morning seems they haven’t lowered silver and gold prices considering the drop on Friday.
Posted by lsuconnman
Baton rouge
Member since Feb 2007
4772 posts
Posted on 1/31/26 at 7:58 am to
So they’re like gas station owners?
Posted by Rankest
Alpine
Member since Aug 2025
345 posts
Posted on 1/31/26 at 12:27 pm to
Posted by cadillacattack
the ATL
Member since May 2020
10226 posts
Posted on 1/31/26 at 8:20 pm to
Steven Van Metre brought up an interesting point. The US selloff in precious metals on Friday happened mostly after the Chinese markets had closed for the week.

He believes that Chinese investors are going to rush to sell on market reopen based on news of the US pullback, .... potentially causing the US metals markets to continue their slide on Monday.

quote:

On QDS estimates, the CTAs are estimated to be net long $5B of silver (94th percentile vs last 5 years) ... and net long $15 B of gold (56th percentile vs past 5 years)



This makes sense to me. I've tightened up stops on all of my metals equities, miners and physical etf's (PSLV, PHYS, GDXJ, GDX). If it drops, I'll exit my positions with a very healthy return on each.

With my physical .... it doesn't much matter as I need to salvage it from a boating accident first

Silver ... sometimes for sale.
Gold ... never for sale.

This post was edited on 1/31/26 at 8:26 pm
Posted by FAT SEXY
California
Member since Jun 2020
1787 posts
Posted on 1/31/26 at 10:24 pm to
I'll be curious to see what premiums look like on Silver bullion if it gets gashed down again.
Posted by Catfishmt
SW MT
Member since Nov 2017
105 posts
Posted on 2/1/26 at 3:48 pm to
I think the Chinese are more likely to panic buy than panic sell.
Posted by cadillacattack
the ATL
Member since May 2020
10226 posts
Posted on 2/1/26 at 5:14 pm to
Here we go … gapping down out of the gate

Posted by Hangit
The Green Swamp
Member since Aug 2014
46121 posts
Posted on 2/1/26 at 8:01 pm to
The bank that went under was a small Chicago one-off. only one branch and it had zero to do with metals. It had apparently been going down for a while.

This dump was orchestrated. It still does not increase the supply, or decrease the demand, for boatloads of industrial silver.

Just my guess, but the Chinese and Indian hoarders are not going to panic sell. The price is going to go up again, slow at first, then the bull resumes.
Posted by GREENHEAD22
Member since Nov 2009
20715 posts
Posted on 2/1/26 at 8:03 pm to
I hope you are right. I am trying to find the Asia prices as the markets are open/opening but can't find anything. Everything I am seeing is showing flat to down slightly.
Posted by Hangit
The Green Swamp
Member since Aug 2014
46121 posts
Posted on 2/1/26 at 8:40 pm to
quote:

I am trying to find the Asia prices as the markets are open/


They appear to be down around 3%. PSLV is down about 3/4%. It was down another $2.29 but has gotten its breath and is rallying a little. I don't see it as panic time. Entities that are way over our heads have some things to settle out. We are watching the fallout from a high stakes chess game.
Posted by FAT SEXY
California
Member since Jun 2020
1787 posts
Posted on 2/1/26 at 10:16 pm to
New investors are getting baptized.

I'll never understand when people chase things at all time highs but then don't want to buy anymore when it starts dipping in price.

FOMO is undefeated
Posted by FAT SEXY
California
Member since Jun 2020
1787 posts
Posted on 2/2/26 at 12:56 am to
Gold spot will be fun to watch. If it gets driven below $3500 that's when to start loading.

This market is gonna start curling with this volatility. Buying opportunities for people on the sidelines might be incoming..

Remember one thing: The paper price and the physical price will one day further detach from each other.
This post was edited on 2/2/26 at 9:15 am
Posted by GREENHEAD22
Member since Nov 2009
20715 posts
Posted on 2/2/26 at 6:36 am to
So prices were down in Asia but things are trending up for futures in US. Interesting.
Posted by goodgrin
Atlanta, GA
Member since Nov 2003
6996 posts
Posted on 2/2/26 at 10:43 pm to
It was surreal to see the prices of the metals rise as high as it did from November until very recently because I did feel a hint of FOMO myself in spite having skin in the sector for over 20 years. It was almost as if I kept asking myself, "Did I get enough metals all these years?"
Posted by FAT SEXY
California
Member since Jun 2020
1787 posts
Posted on 2/3/26 at 12:28 am to
Used the dip to add to long positions in my Roth for miners. I already DCA a few of them, and I will/would buy deeper on any big pullbacks.
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