Official ODT Silver Thread

[BigMike]

$52.22

Are you kidding me?

Typically Monday runup. Check again a few hours, if patterns hold true, it will close within 50 cents of where it opened this morning.

 

[BigMike]

$60 is now, the new target.....AND as Big Mike pointed out, with the refineries not buying scrap silver, the demand will now, only increase, as India has requested Physical delivery instead of paper....

The refinerys are handling that. They turn the junk/sterling into 1000oz bars and export them.

 

[edman99]

Looks like Manfra Tordella & Brookes Inc. (whoever they are) are bringing back the Engelhard Prospector rounds to the public:


https://www.apmex.com/product/311190/1-oz-silver-round-2025-revived-engelhard-prospector

 

[BigMike]

Looks like Manfra Tordella & Brookes Inc. (whoever they are) are bringing back the Engelhard Prospector rounds to the public:


https://www.apmex.com/product/311190/1-oz-silver-round-2025-revived-engelhard-prospector

Booooo.......hissssss. Provident Metals makes a nicer prospector, IMO.

 

[thevalueman]

The refinerys are handling that. They turn the junk/sterling into 1000oz bars and export them.

If that ain't buying....what are they turning into 1000oz bars????

 

[BigMike]

If that ain't buying....what are they turning into 1000oz bars????

The backlog of stuff that needs refining. I bet the big refinerys have 8 digits worth needing to hit the crucible.

 

[thevalueman]

well then....I guess India will have all the silver they need

 

[BigMike]

Silver is finally gaining traction as an industrial metal. Solar panels and batteries and renewable energy sources outside windmills. It's a great conductor of electricity. Big industrial breakers sometimes have silver contacts in them, it's just deadly to refine.

 

[Hayata]

$53 and climbing...

 

[sambo77]

Seeing the value go up the way it has the last couple weeks makes me really wish I had bought more years ago. My grandfather had 1 Troy pound brick that he used as a door stop. He always told me it would never amount to anything. If only he was around to see how much that brick was worth today.