Silver just hit $30.
Silver just hit $30.
Broncosfan (05-16-2024),Inor (05-15-2024),Michael_Js (05-16-2024)
Buying Gold in Vending Machines...What The Hell?
Slippy (05-20-2024)
Slippy (05-20-2024),StratBastard (05-16-2024)
Silver hits $31.75
Inor (05-17-2024)
over 32 currently....
IN OMNIA PARATUS
StratBastard (05-19-2024)
$32.30 Crazy BIG movements for silver lately. Had one day I think it shot up $1.80. Let's see if it stays, and establishes a new permanent floor.
Slippy (05-20-2024)
yea, was only 5 months ago and we were telling everyone it was at a good buy price... $10/oz up since then!
IN OMNIA PARATUS
Slippy (05-20-2024),StratBastard (05-20-2024)
Banks shorting the bejeezus out of silver, trying to reign it in, to no effect (B of A 1.4 billion short). It keeps climbing. The physical demand from India is maybe overwhelming the paper market, who are investing in their tech market. Plus demand from the regular public up too.
India purchased a record 2,200 metric tons (70.7 million ounces) of silver in February 2024.
This is more silver than the US Mint produced in American Silver Eagle coins over the past three years combined.
The silver will likely be used for lithium-ion battery production in a new Indian gigafactory. They also have a robust photovoltaic industry utilizing silver.
Michael_Js (05-20-2024),Prepared One (05-20-2024),Slippy (05-20-2024)
StratBastard (05-20-2024)
Slippy (05-20-2024),StratBastard (05-20-2024)