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It's not great at all considering the price of Silver/Gold. Actually it sucks...
32% increase in just under 3 weeks is pretty great. This is probably profit taking combined with the geopolitical situation meaning people want hard more hard cash. You can't expect it to go up every day forever!
Was thinking just the same
Silver up
Fres down
Can't make this garbage up
Might enter Fresnillo at Crufts this year.
Grabbed a grand at 601.38p.
Lets see.
Topped up also with my buy shown as a sell.
Yes. Just added another top up. The gold/silver hit on Friday looked desperate.
Have amassed a nice little pot here , could be a good earner this year with any news on Mexican interest rates a bonus . GLA
Sorry last sentence should say if gold and silver goes down on monday i will buy more, fres that is.
Thats just the same reaction from markets when russia invasion of ukraine back in 2022 febuaray 24th everything including gold went down and then everything went back up the next day but gold and oil prices went up even higher, if gold and silver goes down on monday will i buy more.
Anyone owning a gold miner will do well
Iran has just attacked Israel with hundreds of drones
So gold and silver gonna bounce straight back up on Sunday night. That's my view anyway.
Best of luck to all !
Not one of the banks spoofing the price again one would hope :)
Ok fair enough
When I looked it was 28.8-28.9
It's dropped more since
A big drop yes definitely
They don't call it the devil's metal for nothing...That smackdown could be interpreted as a warning.
$29.7 to $28.1 in 2 hours is a pretty big deal! One of the biggest 2 hour moves ever. lets hope FRES doesnt get crushed next week
I know it happens
Not a big deal.
I spoke when it was much lower too - and it it kept going up
But thanks for your insight and have a nice weekend
You spoke to soon , just got hammered lol
Looking like silver will be over $30 by the time market opens on Monday 8am GMT
I did flip out and back into my SILJ I must admit.
$29.42 in silver is taken.
I was tempted and sold 20% of my positions in miners a few hours after the CPI print, but bought them back yesterday on a gold strength at approx the same prices. I could just go for vacation for the next 3 months to avoid overtrading.
The environment in which gold/silver are steadily climbing or even holding the ground, and S&P/Mag7 are crashing, would be the best for the miners - they will move up on steroids. People have learned from 2008 and 2020. Even the liquidity crisis would be good for precious metals this time.
And the VIX looks like a coiled spring on various short and longer terms charts too.
Must remember it is an election year though, so no stone will be left unturned in trying to keep the markets from collapsing prior to then.
Ready with dry powder should these sell off with the rest in such an event.