Silver down 7.5% today to $15.96...what's the trigger?

[ARCHIVED THREAD] - Silver down 7.5% today to $15.96...what's the trigger? (Page 1 of 3)

Posted: 12/15/2016 1:08:21 PM EDT

Thread title is the first question...Silver has been dropping since the election but today the bottom is falling out.

Care to guess what the new price for silver will level off at?

Posted: 12/15/2016 1:09:22 PM EDT

[#1]

That would depend on where interest rates end up settling, I would guess.

Posted: 12/15/2016 1:20:51 PM EDT

[#2]

$15 is a buy for me.

Posted: 12/15/2016 1:22:31 PM EDT

[#3]

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Quoted:
$15 is a buy for me.<img src=http://www.ar15.com/images/smilies/icon_smile_big.gif border=0 align=middle>

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$1.50 is a buy for me.

Posted: 12/15/2016 1:24:19 PM EDT

[#4]

If the $ keeps going up who knows. I bought most of mine for around $4 many years ago, so my new level will be $4-6.

Posted: 12/15/2016 1:25:31 PM EDT

[#5]

Silver and gold are rapidly moving into buy territory.

Yes, interest rates are up. For now. But much of the world's uncertainty hasn't gone away. Russia is still waging war in Syria and in Ukraine. China still wants Taiwan, and is continuing to threaten in the South China Sea. The sustained low price of oil will cause problems not just in Venezuela and Russia, but increasingly in the Middle East. And let's not forget Greece, Brexit, and the EU, none of which are settled or sustainable.

And someday, all of the worldwide monetary easing is going to have an effect, i.e. inflation.

The markets are not always rational and reasoned in the short term, and right now, precious metals look more like lemmings than bears.

Posted: 12/15/2016 1:25:57 PM EDT

[#6]

If you don't buy it, it will go up. If you buy it, it will go down.

Posted: 12/15/2016 1:27:05 PM EDT

[#7]

Quote History

Quoted:

$1.50 is a buy for me.

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Quoted:

Quoted:
$15 is a buy for me.<img src=http://www.ar15.com/images/smilies/icon_smile_big.gif border=0 align=middle>

$1.50 is a buy for me.

$4-$5 is a reasonable price

Posted: 12/15/2016 1:28:05 PM EDT

[#8]

Quote History

Quoted:
If you don't buy it, it will go up. If you buy it, it will go down.

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+1

Posted: 12/15/2016 1:30:29 PM EDT

[#9]

Quote History

Quoted:
If you don't buy it, it will go up. If you buy it, it will go down.

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So it aint just me hunh?

Posted: 12/15/2016 1:31:02 PM EDT

[#10]

Stronger dollar.

Posted: 12/15/2016 4:44:14 PM EDT

[#11]

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Stronger dollar.

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Yep, the Fed increased the interest rate and, in part, the effect is that the USD is stronger today. Good time to buy is in the dips. The problem with a falling silver price is that the premiums tend to go up, and if the Silver spot price drops more, expect higher premiums or no silver to buy at the reduced price at some point.

Posted: 12/15/2016 4:47:47 PM EDT

[#12]

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Stronger dollar.

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Just amazing! Perception is reality. The U.S. has more debt than probably every other country combined and the dollar is strong?

Posted: 12/15/2016 4:58:02 PM EDT

[#13]

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Quoted:

Just amazing! Perception is reality. The U.S. has more debt than probably every other country combined and the dollar is strong?

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Other countries are great, and have no such problems. I hear the weather in Aleppo is wonderful this time of year.

Posted: 12/15/2016 5:02:12 PM EDT

[#14]

$15 ?? I need to start buying again !

Posted: 12/15/2016 5:03:13 PM EDT

[#15]

You guys are puzzled as to why silver is down and play in the PM space.....

You guys are playing with fire and don't even know it.

Posted: 12/15/2016 5:05:49 PM EDT

[#16]

Quote History

Quoted:

Just amazing! Perception is reality. The U.S. has more debt than probably every other country combined and the dollar is strong?

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Yup. and people are perceiving that the economy is about to do a 180. Interest rates will increase to pay down debt etc.

Maybe they'll get back up to 87% like in the 80s<img src=http://www.ar15.com/images/smilies/anim_bannana.gif border=0 align=middle>

I might buy some when it hits $5-10.

Posted: 12/15/2016 5:06:46 PM EDT

[#17]

Call the Lone Ranger, he'll cheer em up

Posted: 12/15/2016 5:10:08 PM EDT

[#18]

Dollar just reached a 14 year high.

Posted: 12/15/2016 5:16:58 PM EDT

[#19]

The fed announced a rate hike yesterday but you are confused by the falling value of an inflation hedge.

Mkay.

Posted: 12/15/2016 5:17:26 PM EDT

[#20]

My fault. I was researching some coin values and melt prices. It's like the rain that comes out of nowhere when you wash your car......

Posted: 12/15/2016 5:17:45 PM EDT

[#21]

I would look at gold way before buying any silver. Silver has been absolutely bat shit crazy the last decade. You think it should go up? Nope it's gonna go down. Strong indicators that it should go down? Fuck off, we're going to the moon! It's also not used commercially/industrially as much anymore so the actual demand for it is down.

One of my best friends used to be a precious metals trader on wall street when we were roommates, and he hated silver because it was so volatile. Gold is much more stable, and less of crazy bitch.

Posted: 12/15/2016 6:02:39 PM EDT

[#22]

Ask Bucky Hunt

Posted: 12/15/2016 6:05:44 PM EDT

[#23]

When gold dropped after the election, it was because the paper equivalent of 8,100 tons of gold was dumped on the market. C'mon, that's almost as much as what is supposed to be in Fort Knox.

The same ploy is done with silver and Deustches Bank just fessed up in a plea bargain about price fixing.

Conclusion? There is no free market price discovery and don't look a gift horse in the mouth.

Posted: 12/15/2016 6:22:16 PM EDT

[#24]

I have totally given up on Silver.
It's become a rather expensive paper weight.
Probably won't sell the many ounces I currently own but I won't be buying anymore of it unless the price dips below $8 an ounce.

Posted: 12/15/2016 6:35:51 PM EDT

[#25]

Fed announced yesterday that there will be three rate hikes next year. Bond yields are already headed up.

Posted: 12/15/2016 6:54:01 PM EDT

[#26]

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Fed announced yesterday that there will be three rate hikes next year. Bond yields are already headed up.

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For the layman...does this indicate prices falling throughout next year?

Posted: 12/15/2016 6:56:46 PM EDT

[#27]

I'll but 100 oz at $10. I have some now but it's not an investment. I just buy some now and then.

Posted: 12/15/2016 6:59:13 PM EDT

[#28]

Quote History

Quoted:
If you don't buy it, it will go up. If you buy it, it will go down.

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No shit, my life's story.

Posted: 12/15/2016 7:00:24 PM EDT

[#29]

Quote History

Quoted:
If you don't buy it, it will go up. If you buy it, it will go down.

View Quote

I'm actually pretty lucky with this stuff........ I dropped about $1500 on silver, and a year later it hit $49 bucks a oz, and I sold it all... I bought a few cases of pmags for "what if" / Obama, and BOOM, sandy hook happened a few months later

until fed gov actually puts some effort into cutting the debt, and not spending like drunken sailors... I'm going to buy metals, silver, gold and lead. $15.00 /oz? looks like its time to resupply again !

Posted: 12/15/2016 7:05:59 PM EDT

[#30]

Quote History

Quoted:
$15 is a buy for me.<img src=http://www.ar15.com/images/smilies/icon_smile_big.gif border=0 align=middle>

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Arfcom told me they were gonna back up the truck and buy all they could when it hit $20.

I waited and waited, but the trucks never came.

Posted: 12/15/2016 7:06:26 PM EDT

[#31]

Quote History

Quoted:

I'm actually pretty lucky with this stuff........ I dropped about $1500 on silver, and a year later it hit $49 bucks a oz, and I sold it all... I bought a few cases of pmags for "what if" / Obama, and BOOM, sandy hook happened a few months later

until fed gov actually puts some effort into cutting the debt, and not spending like drunken sailors... I'm going to buy metals, silver, gold and lead. $15.00 /oz? looks like its time to resupply again ! <img src=http://www.ar15.com/images/smilies/smiley_smartass.gif border=0 align=middle>

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Attached File

Posted: 12/15/2016 7:06:30 PM EDT

[#32]

silver makes sense when it's at $10/oz or less

Posted: 12/15/2016 7:09:17 PM EDT

[#33]

Arfcom told me to buy silver as a hedge against inflation.

So I guess this means inflation is negative, and we are in a deflationary period, right arfcom economists?

Posted: 12/15/2016 7:10:26 PM EDT

[#34]

Quote History

Quoted:

$1.50 is a buy for me.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:
$15 is a buy for me.<img src=http://www.ar15.com/images/smilies/icon_smile_big.gif border=0 align=middle>

$1.50 is a buy for me.

For crack?

Posted: 12/15/2016 7:12:01 PM EDT

[#35]

Quote History

Quoted:
You guys are puzzled as to why silver is down and play in the PM space.....<img src=http://www.ar15.com/images/smilies/smiley_freak.gif border=0 align=middle>

You guys are playing with fire and don't even know it.

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Buying physical silver for cash is "Playing with fire"? Explain.

Posted: 12/15/2016 7:14:12 PM EDT

[#36]

I hope it keeps going down. Same with gold.

Posted: 12/15/2016 7:14:43 PM EDT

[#37]

Quote History

Quoted:

Arfcom told me to buy silver as a hedge against inflation.

So I guess this means inflation is negative, and we are in a deflationary period, right arfcom economists?

https://cdn.meme.am/instances/55254848.jpg

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That would explain the 0.3% pay increase next year

Posted: 12/15/2016 7:15:26 PM EDT

[#38]

Where would I buy silver at? I mean me not knowing anything about this I googled it and theres a ton of places selling it. How would I know whats legitimate?

Posted: 12/15/2016 7:17:03 PM EDT

[#39]

Quote History

Quoted:

Yep, the Fed increased the interest rate and, in part, the effect is that the USD is stronger today. Good time to buy is in the dips. The problem with a falling silver price is that the premiums tend to go up, and if the Silver spot price drops more, expect higher premiums or no silver to buy at the reduced price at some point.

View Quote

This is one of the advantages of paper silver.

Physical silver is a completely different ballgame. Prices don't correct as quickly.

Posted: 12/15/2016 7:18:07 PM EDT

[#40]

Quote History

Quoted:
Where would I buy silver at? I mean me not knowing anything about this I googled it and theres a ton of places selling it. How would I know whats legitimate?

View Quote

Provident metals is probably your best bet if you're spending less than a grand.

Posted: 12/15/2016 7:19:46 PM EDT

[#41]

I'm waiting till it drops under ten dollars, then I want to buy a real bar (100oz maybe) or two, just to hoard like a pirate!

Posted: 12/15/2016 7:21:21 PM EDT

[#42]

Wait for the Euro to collapse.

PM will decline in USD as that wealth moves out of Euro and into USD. At that point bottom will be in and buy hand over fist to profit from the inevitable collapse of the entire western economy.

Posted: 12/15/2016 7:22:30 PM EDT

[#43]

adjusted for inflation

Posted: 12/15/2016 7:26:18 PM EDT

[#44]

Quote History

Quoted:
If you don't buy it, it will go up. If you buy it, it will go down.

View Quote

Sounds like my investment strategy.

Posted: 12/15/2016 7:33:20 PM EDT

[#45]

Ask ten people you'll get 20 different answers
The dollar is still boss international currency
Silvers is both a PM and an industrial commodity
The mines it comes out of have to be able to get it out cheap and need geopolitical stability...having a pure source also helps as does reliable labor and no EPA.
Watch interest rates.
The Chinese are historical big silver consumers
Monsoon is over and outdoor wedding season is on so India,Asia should start to consume both Au and Ag

Posted: 12/15/2016 7:42:31 PM EDT

[#46]

Quote History

Quoted:

https://www.AR15.Com/media/mediaFiles/151633/image-108272.JPG

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Posted: 12/15/2016 7:44:09 PM EDT

[#47]

I bought most of mine at $8 and $12 marks...I'll pick up some more at $13.50 because that number just jumped into my head....

Merry Christmas Arfcom

Posted: 12/15/2016 8:11:16 PM EDT

[#48]

Quote History

Quoted:
I'm actually pretty lucky with this stuff........ I dropped about $1500 on silver, and a year later it hit $49 bucks a oz, and I sold it all... I bought a few cases of pmags for "what if" / Obama, and BOOM, sandy hook happened a few months later
until fed gov actually puts some effort into cutting the debt, and not spending like drunken sailors... I'm going to buy metals, silver, gold and lead. $15.00 /oz? looks like its time to resupply again ! <img src=http://www.ar15.com/images/smilies/smiley_smartass.gif border=0 align=middle>

View Quote View All Quotes

View All Quotes

Quote History

Quoted:
I'm actually pretty lucky with this stuff........ I dropped about $1500 on silver, and a year later it hit $49 bucks a oz, and I sold it all... I bought a few cases of pmags for "what if" / Obama, and BOOM, sandy hook happened a few months later
until fed gov actually puts some effort into cutting the debt, and not spending like drunken sailors... I'm going to buy metals, silver, gold and lead. $15.00 /oz? looks like its time to resupply again ! <img src=http://www.ar15.com/images/smilies/smiley_smartass.gif border=0 align=middle>

http://www.ar15.com/forums/t_1_5/1670086_.html&page=1#i49555604

Posted: 9/26/2014 3:01:19 PM EST
id take it and go buy $2k in silver.... its at about $17:50 right now. thats GUARANTEED to make you some money... probably double it in a few more years..... vs... probably flushing it down the toilet at a casino.

https://www.ar15.com/forums/t_1_5/1868749_-ARCHIVED-THREAD----Are-silver-prices-ever-going-to-be-high-again-.html&page=1#i59848755

Posted: 5/16/2016 5:04:50 PM EST
Quoted:
Sitting at $17.22. Did the bubble burst for good or will see silver in the high twenties and above any time soon?
of course it will.
probably go up pretty quickly once Obama leaves office and the real state of the economy shows its face..