[POLL] How high will silver go?

[STT]

They have shareholders to pay and possibly debt, not sure but ebay has alot more competition nowadays I think.
  So far as selling, I think my personal aim would be more like spread out over the entirety of the next year.  Not that I know where the top is or how high it will be but on the basis of the lows and overall trajectory and strength to the market.
  I do think this is a bigger move then just short term spiking, I dont even think its a rally seen in silver exclusively as Im bullish on all commodities vs a dollar price in the next ten years.

If we consider gold for example I know it can take 10 years to start a new gold mine into production and profitability, you have to maintain a long term view to do more then just gamble on a price but have some assured action to your investment perspective.
  In one case, the largest mine in europe its been far more then ten years, it might be twenty before that mine is at its full efficient process with correct volume of mining.  The devil being in the detail with terrorism occurring during their attempts to recover and reestablish the business as valid despite everyone knowing the mine had gold its taken a massive amount of time, billions in cost.
  So this is how I view gold, I view silver even copper similarly and I relate its price action to the tail end of a bull whip, multiple links in a sustained sequence a crescendo eventually achieving and surpassing the speed of sound to the constant surprise of even those who know whats happening.
  None of us expect $100 as if its normal, its not but the world is not normal in how economics and monetary policy has become so disturbed and abnormal, big waves will happen so we might as well ride it out

[philipma1957]

They have shareholders to pay and possibly debt, not sure but ebay has alot more competition nowadays I think.
  So far as selling, I think my personal aim would be more like spread out over the entirety of the next year.  Not that I know where the top is or how high it will be but on the basis of the lows and overall trajectory and strength to the market.
  I do think this is a bigger move then just short term spiking, I dont even think its a rally seen in silver exclusively as Im bullish on all commodities vs a dollar price in the next ten years.

If we consider gold for example I know it can take 10 years to start a new gold mine into production and profitability, you have to maintain a long term view to do more then just gamble on a price but have some assured action to your investment perspective.
  In one case, the largest mine in europe its been far more then ten years, it might be twenty before that mine is at its full efficient process with correct volume of mining.  The devil being in the detail with terrorism occurring during their attempts to recover and reestablish the business as valid despite everyone knowing the mine had gold its taken a massive amount of time, billions in cost.
  So this is how I view gold, I view silver even copper similarly and I relate its price action to the tail end of a bull whip, multiple links in a sustained sequence a crescendo eventually achieving and surpassing the speed of sound to the constant surprise of even those who know whats happening.
  None of us expect $100 as if its normal, its not but the world is not normal in how economics and monetary policy has become so disturbed and abnormal, big waves will happen so we might as well ride it out

Trump = chaos theory

and that is not all that bad.

As I have cashed in a years pay on silver and gold as BTC has dropped.

[Abiky]

Silver silver silver silver  it is selling like a mother fucker on eBay .

79 plus per oz.

just missed 80 bucks on the weekly close.

lets top 100 by the end of the year baby.


what makes it all the more sweet is BTC is down and I am selling lots of silver to buy discounted corn

So a 1000 from silver today is 13oz buys about  0.01149 btc.

in oct a 1000 from silver was 20 oz and that purchased  0.007936 btc

So I sell 13 oz have 7 oz in my pocket and get 0.01149 btc vs 0.007936btc

all in about 80 days time

If I sell the whole 20 oz and get 1600 cash vs 1000 cash 80 days ago and I buy btc

I get 0.01839 btc  now vs 0.007936 btc then

that is fucking huge

The question is do we rebound in Jan or Feb or March.

I can sell silver until early feb then I am out of silver.

These are exciting times for early silver adopters. The non-stop increase in market prices, gives holders the ability to buy other assets at the cheap. Bitcoin seems to be the best cryptocurrency to buy in exchange for silver these days. I used to buy a lot of silver before the craze, so I guess I'm now considered lucky. OgNasty's BTC and LTC silver rounds were a huge bargain. And they still are. Especially when you don't have to pay a premium per round (over spot price), unlike prominent metal dealers (APMEX, JMBullion, etc).

I have a feeling silver will reach $100 by the beginning of next year. I'm not selling until that happens. Buying silver now would be a risky move considering how fast market prices are rising. It may be due for a correction soon. Not before it hits $100, though. But that's just my opinion. We'll see what happens in the long run.

[OgNasty]

OgNasty's BTC and LTC silver rounds were a huge bargain. And they still are. Especially when you don't have to pay a premium per round (over spot price), unlike prominent metal dealers (APMEX, JMBullion, etc).

Thanks. I’m surprised they aren’t selling better at the moment but I don’t think people want to part with their BTC at these prices. I should probably be looking for new avenues to sell them, but with the price going up so much every day, I am in no hurry.

[philipma1957]

OgNasty's BTC and LTC silver rounds were a huge bargain. And they still are. Especially when you don't have to pay a premium per round (over spot price), unlike prominent metal dealers (APMEX, JMBullion, etc).

Thanks. I’m surprised they aren’t selling better at the moment but I don’t think people want to part with their BTC at these prices. I should probably be looking for new avenues to sell them, but with the price going up so much every day, I am in no hurry.

I can't complain that the bitcointalk market place was afraid to buy silver.

I was asking 50 on October 6th when btc was 126k

so the lack of bravery on that offer was great for me.

look at this offer that all of bitcointalk passed on:

https://bitcointalk.org/index.php?topic=5561688.msg65895978#msg65895978

I would have taken 7k in oct 6 btc. ha

7000/126000=0.0556

I sold this on ebay and took home over

530
530
262
500
247
490
490
244
250
481
4024 subtotal
236
244
475
480
239
475
238
475
235
444
222
440
435
424       
5775.   24 sales the gross is 9799 fees around 9% say 980 shipping 520 or 1500 so 9799-1500=8,299  vs 7000

 still have 6 rolls left.

7000/126000=0.0556 btc if I made the ebay sale
8299/87000= 0.0954 btc and I have 6 rolls left that sell at around 530 each

My silver and copper sales are all Trump driven with his Tariff and oil tanker moves.  I estimate he made 24,000 for me for this year.

Giving me a shot to get a lot of BTC .

So bitcointalk's lack of brave buyers
trumps tariffs

did me well this year.

[OgNasty]

I’m starting to develop a bear case for silver. At these prices solar panel manufacturers are going to have to raise prices or pause production to stay profitable. Profit taking after the tax year is over is a real concern.

At these prices many industries will be looking for cheaper alternatives to silver like copper.

I see the red candle coming. Will we hit $100 first? Who knows… I’m starting to see the market is on borrowed time though. I wouldn’t be surprised if the multiyear high hits in the next two weeks. I’m considering buying some put options if we get into the $90s next week.

Be safe out there. It is almost certainly too late to ape in now.

Edit: Don’t just take my word for it: https://x.com/abcampbell/status/2005124506130477500

[pawanjain]

I’m starting to develop a bear case for silver. At these prices solar panel manufacturers are going to have to raise prices or pause production to stay profitable. Profit taking after the tax year is over is a real concern.

At these prices many industries will be looking for cheaper alternatives to silver like copper.

I see the red candle coming. Will we hit $100 first? Who knows… I’m starting to see the market is on borrowed time though. I wouldn’t be surprised if the multiyear high hits in the next two weeks. I’m considering buying some put options if we get into the $90s next week.

Be safe out there. It is almost certainly too late to ape in now.

Yeah, I kinda feel the same thing. The price of Silver has been surging like there's no end to it.
There's a green candle everyday creating a sharp upward trend and that is exactly when corrections happen.
So I believe that as we see more green candles we are nearing an imminent correction.
I am predicting a 30% correction in price from it's ATH price.

[Danica22]

Yeah, I kinda feel the same thing. The price of Silver has been surging like there's no end to it.
There's a green candle everyday creating a sharp upward trend and that is exactly when corrections happen.
So I believe that as we see more green candles we are nearing an imminent correction.
I am predicting a 30% correction in price from it's ATH price.

Regardless of how scarce the supply of silver is and how high the demand, it is just like many other assets. After a period of strong growth, a correction is inevitable and not surprising. The price of silver has increased nearly 2.8 times this year, equivalent to 180%, so a 30% or 50% drop is perfectly normal.

I see nothing to worry about if silver corrects. In fact, it's another opportunity if we want to continue investing in silver. Because in the long term, with such high demand, it is almost certain that the price of silver will continue to rise.

[Don Pedro Dinero]

Today I saw in a Spanish newspaper that silver has recently become the third largest market cap, overtaking Apple. I remember not so long ago that it was around 10th place and bitcoin overtook it. The truth is that it has had a spectacular rise this year.



As for how high it can go, I don't dare to say, as it is an asset that I haven't been following and that I don't know much about.

[philipma1957]

I would argue that silver was stunted for so long no one really know what price it should be.

I got into silver with the hunt brothers runup in th the 1977-1980 time frame.

I had 50 coins at 3 each that I sold at 40 each

so 150 became 2000.

We got over 50 bucks then .

gold was under 400 then.  so at 1 to 8 ratio silver would need to be around 550 to 4500


So the key is could we get to 25 to 1 gold to silver often was 25 to 1 in the 70s 80s 90s


25 to 1 means silver could do 4500/25=180 dollars at the top.

I have 13 more sales I can make. then I am done.

I have 1 sale listed https://www.ebay.com/itm/168037100301

I will list a new one as soon as I sell this piece.

the open is at 80.50 on the ampex calculator.

[OgNasty]

the open is at 80.50 on the ampex calculator.

I think I saw it hit $91 in China over the weekend. A good chance we go higher Monday and Tuesday in my opinion. We are on borrowed time though.

[pooya87]

We seem to be heading toward $5000 gold which is roughly 10% rise and if that price is hit we may start seeing a rather large correction. Silver will follow as the "altcoin of precious metals"™! So I guess something in the $80 to $90 could be a good exit target to maximize profit before the correction.

What I'm mostly looking for is a dump that helps some money exit the precious metals market and come back to bitcoin to help us break the $100k resistance once again and start the rally up toward a new ATH in 2026. The gold correction/dump can help start it.

[philipma1957]

We seem to be heading toward $5000 gold which is roughly 10% rise and if that price is hit we may start seeing a rather large correction. Silver will follow as the "altcoin of precious metals"™! So I guess something in the $80 to $90 could be a good exit target to maximize profit before the correction.

What I'm mostly looking for is a dump that helps some money exit the precious metals market and come back to bitcoin to help us break the $100k resistance once again and start the rally up toward a new ATH in 2026. The gold correction/dump can help start it.

Since oct 2026 btc dropped about 800,billion for its marketcap

Silver gained over a trillion and gold gained 3 or 4 trillion.

So there is over 4-5 trillion in metal profits which could shift to btc.

So over 1.8 trillion btc cap could go over 3.6 trillion in 2 months time

[pawanjain]

Yeah, I kinda feel the same thing. The price of Silver has been surging like there's no end to it.
There's a green candle everyday creating a sharp upward trend and that is exactly when corrections happen.
So I believe that as we see more green candles we are nearing an imminent correction.
I am predicting a 30% correction in price from it's ATH price.

Regardless of how scarce the supply of silver is and how high the demand, it is just like many other assets. After a period of strong growth, a correction is inevitable and not surprising. The price of silver has increased nearly 2.8 times this year, equivalent to 180%, so a 30% or 50% drop is perfectly normal.

I see nothing to worry about if silver corrects. In fact, it's another opportunity if we want to continue investing in silver. Because in the long term, with such high demand, it is almost certain that the price of silver will continue to rise.

That is true. A correction in inevitable after a sharp rally and that's exactly what happened today.
After seeing a new high day after day we saw a 7% fall in Silver price today in the Indian stock market.
The decline differs in different countries but I still believe we will see a big correction in the upcoming days.
This decline is just a minor fall back but we haven't really seen any correction yet.

[OgNasty]

I was literally putting bids on SLV put options last night before bed. Wish they had a 24/7 options market… Taking a wait and watch approach from an investment standpoint now but still aggressively pricing my coins.

[philipma1957]

I was literally putting bids on SLV put options last night before bed. Wish they had a 24/7 options market… Taking a wait and watch approach from an investment standpoint now but still aggressively pricing my coins.

I cancelled 2 ebay sales. I will hold off on silver sales until 2026 Jan 2

I still think the market has a bump up to about 95-101 coming at us.


see my guess below

[Powerjumboo]

I was literally putting bids on SLV put options last night before bed. Wish they had a 24/7 options market… Taking a wait and watch approach from an investment standpoint now but still aggressively pricing my coins.

I cancelled 2 ebay sales. I will hold off on silver sales until 2026 Jan 2

I still think the market has a bump up to about 95-101 coming at us.


see my guess below

The way the market is going up, it looks like we could see silver above $100 very soon. Although I have a small investment in silver and that is in the form of jewelry, I have not invested in silver. Moreover, the price increase like this does not make me rush to invest at all, I am just very interested in investing in Bitcoin.

[STT]

Its not normal or really a good sign to go straight up so it could be quite positive ironically now for this pullback to resolve then later move up.  Thats how you get the seemingly impossible price into the three figures.

For gold I do think thats five figures but I dont know thats within sight just what I would roughly presume possible within the larger cycle.   Certainly the miners are cheap relative to the market price so if you want cheap thats the way to go so long as you have faith its not some spike up and back down for a decade type movement, which I dont.

[Abiky]

That is true. A correction in inevitable after a sharp rally and that's exactly what happened today.
After seeing a new high day after day we saw a 7% fall in Silver price today in the Indian stock market.
The decline differs in different countries but I still believe we will see a big correction in the upcoming days.
This decline is just a minor fall back but we haven't really seen any correction yet.

There will be a big correction. It's likely Silver will head back towards $50 an ounce soon. A massive buying opportunity if this happens. Still, I would've wished Silver went all the way towards $100. Many were expecting this to happen before the end of the year. Maybe next year's the "charm"?

No matter how long it takes, I'm sure Silver will reach a new ATH in the future. Inflation will lead it there faster than you can imagine. Now that the Silver hype is slowly fading away, I wonder which other precious metal will hit the spotlight? Platinum, maybe?

[BALIK]

No matter how long it takes, I'm sure Silver will reach a new ATH in the future. Inflation will lead it there faster than you can imagine. Now that the Silver hype is slowly fading away, I wonder which other precious metal will hit the spotlight? Platinum, maybe?

Silver is just a common metal and is widely used in industry, it is not a safe haven or a hedge against risk like gold.

The surge in silver prices is attributed to increased industrial demand coupled with insufficient supply, rather than safe haven demand. But honestly, I doubt it. And it would be a mistake to assume that inflation will push the price of silver to $100 in the short term.

If you look at the overall picture of silver, you'll see that it's not a potentially profitable investment. Those who bought silver in 1980 at $40-50 took over 30 years to recoup their investment and 45 years to double their investment. LOL.
Be cautious if you intend to invest in silver in the long term.


Source pic: x