Something BIG happened to silver this week. Due to certain positive indicators, I believe silver is now in a new Bull Market. It has been seven long years since the silver price was $23. And with the current momentum, we may see another leg higher this week.
In my newest video update, BIG CHANGE IN SILVER: New Bull Market, I explain these positive indicators why I see a big change coming silver. It was important for silver to break above the $18.50 monthly level before it would attempt to hit $21. Not only did silver reach the next critical $21 level, it also BLEW through it with flying colors.
In the video, I explain this chart and why this Silver Rally is different than the previous ones. In this chart, it shows the three different periods and how much silver increased in each. You have to watch the video to find out why the $3.60 move in silver this past week is much different than the past.
Silver investors have been very patient for the past 7-9 years, finally waiting for some life to come back into the metal. Silver’s breakout above $21 last week is very similar to Gold’s Breakout above $1,360 last year. It seems as if silver has finally joined the ride with gold. The next few weeks and months will be quite interesting, to say the least.
To find out more about investing in precious metals, check out this page: PRECIOUS METALS INVESTING.
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PM’s moving up solidly this Sunday evening. Perhaps we could reach the $27.50 level in silver soon. My mother called Friday and said, did you hear about silver? I said yeah mom, I think I saw that on the news too. So, it’s getting out. The herd mentality will grow now. You dang sure can’t find ANY silver at spot now.
Silver above $50? That will be something to see.
And with gold breaking it’s all time high, it should get interesting.
TPTB have wanted to prevent this eventuality; the awakening of the investing public’s interest in PM’s, for decades.
Are we there yet (for gold)?
I’m not sure where to look for the “OFFICIAL” gold price. Goldprice.org differs from the bullion sites, and the bullion sites differ. So where do we look? And was $1920.30 the all-time high in 2011?
Yes. $1920.30
$1920.50 @ Kitco right now. 8:02 MST!
TODAY IS A VERY DARK DAY FOR PAPER CRIMINALS.
One can only hope.
The aim of Corona is to shut people up; 2m apart, mouth covered, exemplary manners and conduct.
As it says in their bible with the Tower of babel,’ we must confound their speech or they will be capable of anything’.
Included in this philosophy, those it is illegal to name have included food and money. Money was confounded with the fiat banknotes, so that the common people will never have any money; false promises of silver.
Food was confounded with the removal of essential nutrients from flour by a process called boulting, from the 1850s.
Mrs Beeton’s book of 1861 describes the dangers of this previously unknown process. Boulting is rigorously applied to food today under the guise of fashion!
You tell people buy even philharmonics. Are you implying that silver philharmonics are of a lower quality silver?
If not why comment like this ? Stupidity or some kind of loyalty with a us producer ?
Normally you use logic but do not seem to be the case here…..
Christer,
???? What are you saying?? If you are referring to my comments in the video, I have no idea where you are coming from. No idea at all.
Silver Philharmonics are excellent silver coins as are the other official coins. All I said in the video is that investors who normally buy Silver Eagles were switching to other official silver coins due to lower premiums and better availability.
I made no reference at all that Philharmonics were a lesser quality coin. It amazes me how some of my words are taken or switched around.
steve
“It amazes me how some of my words are taken or switched around.”
Sorry to veer off into politics, but same thing they do to Trump. Only times a million!
Thanks for your response Steve it is good that you did not imply anything special with your expression “even philharmonics” at 07:03 in your pod.
I do not care at all what stamp is on my coin. The value is the only interest.
However i do not see why it matters where i come from .
But yes i am european which like us a lot but not what trump lately has done to your great country.
The world need a good strong USA. And especially all Americans deserve it. Hopefully they will.
Christer: You are obviously new to this site. I could say a lot, but I’ll just say this:
The official silver coins such as the American Eagle, Austrian Philharmonic, Canadian Maple Leaf and South African Silver Krugerrand have BASICALLY the same purity and physically are worth the same as far as silver content goes.
However, American Eagles are probably worth more, with all things considered. How are they worth more? Well, this is arguable and subjective and I’m not going too far into it. You’ll just have to believe me.
Eagles are more in demand and more sought after than any other official coin. Artistically they are more attractive (Austrian Philharmonics are not as nice looking). They are the most expensive to produce (a cost borne by the U.S. tax payer, not the purchaser). The graphics are better, which means less chance to be counterfeited.
They are “legal tender” in the United States, and thus have a certain “authority” which is hard to put into words. They carry certain tax advantages in the USA. They have a certain “cachet” that other coins, especial rounds, do not have.
Many of these reasons are subjective but exist, nevertheless. The premiums are higher and always will be.
There is nothing “wrong” with other coins. But, all in all, American Eagles are “worth” more than all other silver bullion coins, for the above named reasons and others. Frankly, they are worth an extra $2 – $5 dollars premium, in my opinion. Someday when silver reaches $100 per ounce, that $5 will seem very insignificant, and well-spent, believe me.
The author of this site focuses on American Eagles because they are the world standard and have the most value.
Nope , have followed this site 6-7 years and invested in pm since 1986
Well that’s all fine anf good and we stackers all like to see prices rising but what about the riggers. Did they all become victim of covid-19? Certainly not. I remember well how they rigged the markets lower constantly over the last decade. So don’t get too excited too early. They just wait to cause maximum damage to the Silver market and then they’ll step in just like they did in April 2011. Just wait. I would be very surprised if that isn’t going to happen.
Follow the futures (open interest) on the COT.
The large commercials who for many years piled on the short side won’t if they think they will lose $
Lots of opinions out there
“Gold, Silver Very Overbought”
https://seekingalpha.com/article/4360760-gold-silver-overbought
DisappearingCulture,
Silver was seriously OVERBOUGHT in 2009 & 2010. However, that didn’t keep it from continuing higher.
steve
I am on the same page with you.
The author whom you have read before is smart & writes long essays on financial matters. But I think it is fair to say he is more knowledgeable [a fan of] about stocks and ETF’s, not physical metal fundamentals. I skimmed the article; could have missed something, but think he has missed a lot…considerations of energy, mine closures, tiny market cap, the fact those PM’s were very underbought compared to unicorn and zombie stocks and their fundamental values, and where billions in those and on the sidelines will go in these times as they see the potential for profit or investment.
We, the silver hoarders, are the true HODLERS.
Spot prices on Kitco as I post this:
$24.21 – Silver
$1,935.40 – Gold
And neither of these are today’s highs.
It seems that Gold and Silver prices are consolidating a bit right now. No blood letting (yet). Hoping for a stress-free consolidation