A Wager: Silver's New Price Floor?

Let's make a wager! In my previous post, I discussed whether or not silver has enough demand to maintain a price floor of $65/ounce. With the conflict in Iran still ongoing, some of the attention has shifted from silver to oil. Even those who aren't necessarily interested in oil are making strategic moves in the commodity market as a whole.

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It's anybody's guess whether silver spot price will hold at $65/ounce or if we'll see it drop lower and possibly regroup at a lower price level. Regardless of what it does, why not have some fun with it?

I created a new market in Hive Predict for this. Let's make a wager and see if silver spot price will be above or below $65/ounce by the end of April. Remember that 5% of the total pot is burned, which helps fight HIVE inflation!

As a bonus, I'll send everyone who participates 2 HSBI just for entering, regardless of what you wager! Let the game begin! 😉

Click here to enter!

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It went below $65 last week so definitely no on $65.

I'm not sure where you saw that. It's come close but hasn't dipped past $65 yet. If it does, it'll be interesting to see where it consolidates.

!BBH
!PIZZA
!ALIVE

Yes it did, I was watching it live. Not on a daily close but it indeed had a $63 handle briefly during trading day.

It was brief but indeed it did go below $65 for a few minutes. Says so right on NYMEX or Comex data page for the week.

I know, I saw it. Don’t need it confirmed. If this bullion guy wants to spend energy telling people incorrect information acting like he’s king of being right when he’s not, that’s on him. I watch these prices every day for my job. It’s funny seeing these clowns on Hive reply emotionally with excuses when they make a post on the topic. Takes 5 seconds to check the low of the day.

Fair enough 🤷🏼‍♂️

I wasn't making excuses. I'd suggest you relax. The post was just for fun. There's no reason to get bent out of shape about it.

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Maybe so, but it's not reflected in any of the charts. Price is hovering around $75/ounce now. We'll have to wait and see where it goes from here.

Yeah it is. Look at the daily data.

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The Melt Value of Silver will be Set at $9 per ounce, payable in “circulating “ Silver Coins denominated in Dollars “or” Silver Certificates denominated in Cents…

How would that happen when the rest of the world values it much higher?

!BBH
!PIZZA
!ALIVE

Payable in Silver Coinage or Silver Certificates… The rest of the world isn’t yet aware of U.S. Stable Coinage… Actually, the smaller numbers will have 100 times more Spending Power than todays Fiat USD’s… $9 in U.S. Stable Coinage times 100 equals 900 of todays Fiat USD’s per ounce of Silver…

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Very interesting analysis, especially the idea of ​​a silver price floor. It's a fascinating topic because it combines industrial demand and investment. Silver reacts to two forces:
1-the real economy (industry, energy)
2-finance (inflation, rates, dollar).
Thank you for discussing these topics.

You're welcome!

We'll have to see if I'm right or not.

Thanks for commenting!

!BBH
!PIZZA
!ALIVE

Yes!

!BBH
!LADY
!PIZZA


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Let's have fun you say? Okay yes! Let's have fun. So am going to check that out, but at the moment, too much demands for oil. When Gold makes the most good moves, we have confidence for silver support at $65 price levels and above

Yeah, the uncertainty over oil is causing a bit of uncertainty in the futures markets.

Even so, it looks like silver is climbing back up to $80/ounce.

!BBH
!PIZZA
!ALIVE

Let's see how the market goes

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