Silver/USD is at its highest since 2013

[mindrust]

The precious metal closed 6.5% higher at $31.49 an ounce Friday, the highest since February 2013. It has soared 32% this year, outpacing gold and making it one of the year’s best-performing major commodities.

Not only silver is at its 10 years high, it also closed the day with a record high gain, 6.5%. (gold is >$2415) It looks like they are running out of paper and can't suppress the metal prices with their worthless papers anymore. I can't really believe that though, can they really run out of paper?

The US debt is growing exponentially and the only way to pay that much debt is printing even more debt > hyperinflation

It will be either Weimar Germany or there will be WWIII soon. I don't think the USD will go down silently and peacefully.

[WillyAp]

The US debt is growing exponentially and the only way to pay that much debt is printing even more debt > hyperinflation

It will be either Weimar Germany or there will be WWIII soon. I don't think the USD will go down silently and peacefully.

The USD is not going down at all, rather its the most popular commodity there is outside the US.
Only US Citizens blast the $ where ever they are. You hate what you know.

I live in a country where is was halfway forbidden to name the Dollar, still that didn't stop the people adopting the Dollar as most popular currency.
On the colombian border the peso is the adopted currency.  

[spectre71]

I like silver and had a nice position in it.

My views changed over time from physical hold of it to a blended physical and paper.

I buy physical when somebody is in trouble and needs quick money, I may pay below spot or spot not a penny more. Overspot buying and underspot selling only makes the dealers money, way to much overhead for me.

I like metal on paper, I can trade it without the overhead. So a blended physical and paper.

That being said I think it's a great time to sell.

[Deddyhoku]

There are strange hype about silver in the twitter that i can't understand. Looks like nothing changed for this metal however people are buying it much more in the recent months

[mindrust]

There are strange hype about silver in the twitter that i can't understand. Looks like nothing changed for this metal however people are buying it much more in the recent months

It is underpriced af that’s why people are hoarding it. I don’t think there are many commodities that haven’t reached its last ATH recently. Silver is one of those rare assets. It hit $50 in 2011, then crashed and it hasn’t been recovered from that crash ever since.

Gold made a new ATH and went above $2400 but silver is still struggling. If you check the historical gold/silver ratios, you’ll see that either silver is cheap or gold is expensive. Since gold isn’t expensive, it means silver is cheap.

That’s a sure bet.

[STT]

Silver is really hard to judge over gold because its supply is too large not to be influenced by industrial usage, if the economy wanes then the silver price can be weaker then expected.   I think it will be ok in future but its still finding its place in the world since normal film died down which was a large section of demand apparently.  We dont want it for cutlery and its not likely to be common coinage again even if we want it to be, because coins themselves arent going in the right direction usage wise.

There are more efficient avenues then returning to pieces of silver and the most reliable path of least resistance to predict in human behavior and demand is via efficiency and anything that makes the world easier.  Most of the recent silver gains are relative to gold breaking new highs and generally gaining since early 2019 which is when I expected that the confirmation of the 2011 decline might be finalized hence new highs now.

[SilverCryptoBullet]

Silver is really hard to judge over gold because its supply is too large not to be influenced by industrial usage, if the economy wanes then the silver price can be weaker then expected.

Silver is like Ethereum Classic that will get effects from Ethereum bull run and silver will get positive effects from gold bull run.

I believe these precious metal prices have their correlation like this so don't think that silver will have its bull run if gold does not have a bull run. Recent months, gold has very good bull run that stimulates silver to start its bull run too.

Gold reserves by country
https://wisevoter.com/country-rankings/gold-reserves-by-country/#map

The Dual Power Of Gold And Copper In Today’s Global Economy
Central banks globally have increasing big demands to purchase gold recent months.

[Casdinyard]

The precious metal closed 6.5% higher at $31.49 an ounce Friday, the highest since February 2013. It has soared 32% this year, outpacing gold and making it one of the year’s best-performing major commodities.

Not only silver is at its 10 years high, it also closed the day with a record high gain, 6.5%. (gold is >$2415) It looks like they are running out of paper and can't suppress the metal prices with their worthless papers anymore. I can't really believe that though, can they really run out of paper?

The US debt is growing exponentially and the only way to pay that much debt is printing even more debt > hyperinflation

It will be either Weimar Germany or there will be WWIII soon. I don't think the USD will go down silently and peacefully.

Probably why a lot of financial advisors nowadays are asking us to be on the lookout for bitcoin, silver and gold lol (looking at you Robert Kiyosaki). What surprises me though is why silver is outpacing gold. At the very least besides the cosmetic and aesthetic applications of gold it has its uses in the tech and silicon industry, which in theory should consistently shoot up its price, and it should coincide with crypto too cause at the end of the day, mining is directly tied to the computing power of a system, and this is heavily reliant on the quality of silicon and gold that is used to create it.

And yet here we are, silver outpacing gold for some reason. Abundant supply, not that much of an application besides industrial and aesthetics, could it be that people think they can't put a stake on gold anymore since it's that priced highly, and so twitter degens are ape-ing on silver thinking it's the second-best, which causes this massive pump and trend?

Can't say for sure, but all this means is that I have to buy more silver now, and really diversify my money beyond just crypto and real estate as it seems lol.

[TheUltraElite]

Meh, I would rather keep money on Bitcoin and gold, no other precious metal is allowed in my portfolio. Let it rise, not interested in in any of that rise just in case you have not been holding silver all this while, in which case you should sell and dump to get back some profits.

You never know how this rise might change course. It might drop down which would make it a poor choice to buy at the high, it might rise more which is also possible. Metal lovers might have some opinions on the cause but it all ends up with zero correlation.

In case someone reading has never invested in silver, dont start it now. Its the golden rule, dont buy at the top, sell at the top.

[The Sceptical Chymist]

The US debt is growing exponentially and the only way to pay that much debt is printing even more debt > hyperinflation

It will be either Weimar Germany or there will be WWIII soon. I don't think the USD will go down silently and peacefully.

Yep, unless there's a WWIII or the US performs some kind of financial wizardry, it seems inevitable that US citizens are going to be using Canadian dollars or Mexican pesos (or maybe euros) as their preferred currency.  But somehow I have a feeling that none of those things are probable except for a war--and that's frightening.

With regard to silver and gold, I'm not sure their recent rise is tied to deteriorating economic conditions.  That could be the case, but if you remember the years leading up to 2011, it was really just speculation that drove gold and silver to all-time highs (though silver had reached $50 in the 1980s because of the Hunt brothers if I'm not mistaken).  That might be what's happening now, because asset prices have been rising across the board for some time now, with metals (including copper, too) lagging stocks and crypto for years.

[mindrust]

The US debt is growing exponentially and the only way to pay that much debt is printing even more debt > hyperinflation

It will be either Weimar Germany or there will be WWIII soon. I don't think the USD will go down silently and peacefully.

Yep, unless there's a WWIII or the US performs some kind of financial wizardry, it seems inevitable that US citizens are going to be using Canadian dollars or Mexican pesos (or maybe euros) as their preferred currency.  But somehow I have a feeling that none of those things are probable except for a war--and that's frightening.

With regard to silver and gold, I'm not sure their recent rise is tied to deteriorating economic conditions.  That could be the case, but if you remember the years leading up to 2011, it was really just speculation that drove gold and silver to all-time highs (though silver had reached $50 in the 1980s because of the Hunt brothers if I'm not mistaken).  That might be what's happening now, because asset prices have been rising across the board for some time now, with metals (including copper, too) lagging stocks and crypto for years.

Gold and Silver are pricing the incoming interest rate drops. Meaning; People are increasing their positions in precious metals (and bitcoin) to front run the hyperinflation scenario which is expected to happen in the near future after the FED drops the interest rates.

Remember, the markets are always future looking. That's what we are seeing here. People expect high/hyperinflation and that's why the commodity prices are hot. Stocks are moving upwards too. Especially commodity&mining stocks.

I don't think the US people will be using Mexican Pesos or Canadian Dollars. They ain't much different than the USD unless I am missing something. The currencies which are backed by production power & commodity possession are the powerful FIAT currencies. Combine this currency with a country that has huge trade surpluses, and then you'll see which countries are actually winning.


https://www.statista.com/statistics/256642/the-20-countries-with-the-highest-trade-surplus/

EURO is an abomination. As you can see above; Germany, Norway and the Netherlands are doing the hard work while the others do the leeching. If EURO was only used by Germany, Norway and the NL (and maybe France since it has some real economy), then it would be a strong af currency but not in its current state. It is crap as it is.

[WillyAp]

Yep, unless there's a WWIII or the US performs some kind of financial wizardry, it seems inevitable that US citizens are going to be using Canadian dollars or Mexican pesos (or maybe euros) as their preferred currency.  But somehow I have a feeling that none of those things are probable except for a war--and that's frightening.

Food prices went up everywhere.
Don't forget to look further, if you don't you might develop a tunnel vision.

[Maus0728]

Good for those that have brought some silver but even at their highs right now, I don't think that it's ever enough for me to convince that the prices for this precious metals going is ever going to go up anytime soon, I'm pretty sure that it won't be able to beat bitcoin anytime soon. It's not really advisable to hoard gold, silver, or any precious metals because they're difficult to store and in dire situations where there's still a government in existence, they'll definitely seize those because they're going to need to keep up the government and what better way to get money than to sell precious metals that's either from the vault of your country or seizures from the people in their domain.

[STT]

Iam very happy to hear silver is higher because Ive been stuck in some of the largest mining company shares for quite a few years.   Its very easy to own this resource but struggle vs costs and long term investment capital requirement and still not make half the money that was hoped for.

Its not an easy market for sure, we are seeing inflation in the market now and for years past imo it will continue for years into the future also.  It appears some positive here but its also a failure

[God bless u]

The precious metal closed 6.5% higher at $31.49 an ounce Friday, the highest since February 2013. It has soared 32% this year, outpacing gold and making it one of the year’s best-performing major commodities.

Not only silver is at its 10 years high, it also closed the day with a record high gain, 6.5%. (gold is >$2415) It looks like they are running out of paper and can't suppress the metal prices with their worthless papers anymore. I can't really believe that though, can they really run out of paper?

The US debt is growing exponentially and the only way to pay that much debt is printing even more debt > hyperinflation

It will be either Weimar Germany or there will be WWIII soon. I don't think the USD will go down silently and peacefully.

Yeah it's like the lion who is attacked with full opposing force and whenever a lion gets hurts he takes many with him to death. UsD has rules over Years and it will not go down that much easily that the middle eastern countries are thinking off.

There could be a high possibility of ww3 but America is not in a position to do it till now especially against the oppositions like China and Russia.

[Marvell1]

Meh, I would rather keep money on Bitcoin and gold, no other precious metal is allowed in my portfolio. Let it rise, not interested in in any of that rise just in case you have not been holding silver all this while, in which case you should sell and dump to get back some profits.

You never know how this rise might change course. It might drop down which would make it a poor choice to buy at the high, it might rise more which is also possible. Metal lovers might have some opinions on the cause but it all ends up with zero correlation.

In case someone reading has never invested in silver, dont start it now. Its the golden rule, dont buy at the top, sell at the top.

I would also choose gold instead of holding silver. Silver has had impressive gains recently, but that doesn't mean it will continue to maintain those gains. Not to mention, thousands of years have passed but why has silver never equaled or surpassed gold? So there's no reason for me to move into silver just because it's up over 32% in the past year, and if I remember correctly, gold is up over 25% in the past year as well. If comparing these two assets, gold is clearly still the better choice because it is safer. Just like we compare bitcoin with ETH, ETH will definitely bring better returns than bitcoin in the upcoming bull season, but why do many people still choose bitcoin and not ETH?

[stompix]

Not only silver is at its 10 years high,

But is also 33% lower than 2011...
So basically if you have invested in anything else, forget bitcoin on Nvidia or real estate you would have been way better than holding silver.

The US debt is growing exponentially and the only way to pay that much debt is printing even more debt > hyperinflation

Then why is inflation going down and why if the dollar should die are the currencies of the alternatives like the ruble the rupiah or the rial going down the drain against it? If the $ is going do be evaluated why is it strengthening against others? 

It will be either Weimar Germany or there will be WWIII soon

Germany had to pay its debt in $, Germany couldn't print $, the US does. 

[WillyAp]

I would also choose gold instead of holding silver. Silver has had impressive gains recently, but that doesn't mean it will continue to maintain those gains.

Not to mention that Gold, you can swap that against goods in case of a currency failure, observed it was in Zimbabwe, Venezuela.

[mindrust]

But is also 33% lower than 2011...
So basically if you have invested in anything else, forget bitcoin on Nvidia or real estate you would have been way better than holding silver.

You are right, silver performed very badly if you bought it in 2011. However that's also cherry picking because not everybody bought silver from $50. Some people bought it at $15 too. These people made serious profits.

There are indeed many other assets that performed a lot better than silver. That's why people should diversify their portfolios into different assets and look for opportunities all the time. $15/ounce was a great opportunity.

Then why is inflation going down and why if the dollar should die are the currencies of the alternatives like the ruble the rupiah or the rial going down the drain against it? If the $ is going do be evaluated why is it strengthening against others?  

Inflation is going down only temporarily. It won't be permanent. Let's see what will happen when Powell lowers the rates again. It will be fireworks. The markets are already making new tops because they know that Powell is a chicken and the rates will soon go down.

The dollar isn't really much different than any other FIAT currency. The only difference is, the US is great at promoting their shit currency. The marketing department of the USD is excellent but China, Russia, Saudi Arabia and the other countries that have enormous commodity reserves are slowly waking up from the illusion: The USD is crap.

Germany had to pay its debt in $, Germany couldn't print $, the US does.  

Germany lost the war. That's why they paid their debts in USD.

 If there will be another world war, the US has to win it to erase their debts. That's the one of the exits for the US & USD as I explained above. (the other is hyperinflation) If they lose, they'll pay their debts in RUB or CNY probably. Guess who prints those.

[stompix]

You are right, silver performed very badly if you bought it in 2011. However that's also cherry picking because not everybody bought silver from $50. Some people bought it at $15 too. These people made serious profits.
There are indeed many other assets that performed a lot better than silver.

When those assets that performed better are copper, aluminium and iron then sorry but the title of precious metal seems a bit of delusion!

Inflation is going down only temporarily. It won't be permanent.

Of course of course, and finally, in 2025 we will have the crisis that should have been in 214,2015,2016..
But it will for sure happen next year or do we have to wait again for 2035? Or 2045?

but China, Russia, Saudi Arabia and the other countries that have enormous commodity reserves are slowly waking up from the illusion: The USD is crap.

Good, tell me the price of bitcoin in USD, yuan, ruble and riyals without googling. 
Waking up my ass, half of the board here thinks the currency of China is the yen and you think they dislike dollars.

If there will be another world war, the US has to win it to erase their debts. That's the one of the exits for the US & USD as I explained above. (the other is hyperinflation) If they lose, they'll pay their debts in RUB or CNY probably. Guess who prints those.

When you say rub you are talking about that toilet paper that got devalued three times and that has its CB with a rate 3 times higher than the US?
The same superpower that is in a special operation for 3 years and half a million soldiers lost?