Silver rocketed!

[Iceberg]

 

[Scrooball (clone)]

just wait for the next dip

 

[Iceberg]

1. Don't waste your time. Paper silver is different from Physical Silver

2. Don't waste your time. Commemorative, collectible silver jewellery, utensils, zodiac coins (including those from Singapore Mints) - Fine (999), Sterling (925) or less, are not standard Silver Bullion, dealers will pay you 25-40% below Silver Spot price. In many situations, as "melt-price" or "scrap-silver" price

3. Don't waste your time. Dealers will not pay you a decent price for Silver Bullion Bars or Coins (eg. Fine 999 or 9999) that are from not LBMA mints. Stick to LBM reputable mints, eg. Perth Mint, Royal Canadian, Austria, Royal Mint (UK), US Mint (Eagles), Asahi (Johnson Matthey), Pamp, Valcambi, Mexican Libertad, etc

Remarks:

• Stick to standard weights, eg. 1 oz, 10 oz, 100 oz, 1 kg, even if they are LBMA products.
• Stick to standard purities like 999 or 9999, do not pay a premium for collectibles, including those from LBMA mints.
• 1 troy ounce in precious metals is different from 1 ounce of liquid.

Not all Silver are created equal. It is very frustrating when you sell your precious metals.

 

[Iceberg]

just wait for the next dip

I refer to the historical chart in the first post, we can only trade long-term trends in precious metals 2-3 times in our lifetime.

Eg. if you enter at high prices, you will be stuck for 20-40 years.

 

[Scrooball (clone)]

That’s why can’t buy. What goes up will eventually come down la. Otherwise , everyone will just get rich.

 

[ftan42]

As silver soared to new highs and physical inventories dwindled, the unimaginable occurred: the CME, the world’s largest derivatives exchange, went offline for 10 hours.

 

[k1976]

1. Don't waste your time. Paper silver is different from Physical Silver

2. Don't waste your time. Commemorative, collectible silver jewellery, utensils, zodiac coins (including those from Singapore Mints) - Fine (999), Sterling (925) or less, are not standard Silver Bullion, dealers will pay you 25-40% below Silver Spot price. In many situations, as "melt-price" or "scrap-silver" price

3. Don't waste your time. Dealers will not pay you a decent price for Silver Bullion Bars or Coins (eg. Fine 999 or 9999) that are from not LBMA mints. Stick to LBM reputable mints, eg. Perth Mint, Royal Canadian, Austria, Royal Mint (UK), US Mint (Eagles), Asahi (Johnson Matthey), Pamp, Valcambi, Mexican Libertad, etc

Remarks:

• Stick to standard weights, eg. 1 oz, 10 oz, 100 oz, 1 kg, even if they are LBMA products.
• Stick to standard purities like 999 or 9999, do not pay a premium for collectibles, including those from LBMA mints.
• 1 troy ounce in precious metals is different from 1 ounce of liquid.

Not all Silver are created equal. It is very frustrating when you sell your precious metals.

行家一开口，就知道有没有

 

[Hightech88]

Buy low sell high, not the other way round LOL.

 

[zhihau]

I refer to the historical chart in the first post, we can only trade long-term trends in precious metals 2-3 times in our lifetime.

Eg. if you enter at high prices, you will be stuck for 20-40 years.

Short it?

 

[rocket]

Gold is the best.

 

[Iceberg]

US$82 per troy ounce

outperforming bitcoin

 

[ftan42]

In response to U.S. concerns over Chinese "overproduction" and the introduction of 100% tariffs on specific goods, China officially launched a new license-based export system for silver on January 1, 2026, reclassifying it from a general commodity to a controllable material.

 

[Iceberg]

In response to U.S. concerns over Chinese "overproduction" and the introduction of 100% tariffs on specific goods, China officially launched a new license-based export system for silver on January 1, 2026, reclassifying it from a general commodity to a controllable material.

Some countries like US benefited from the silver rally because the citizens got a long tradition of buying silver.

But now Japan, India and China civilians are buying and buying because of the weakness of their own currencies. In Shanghai SHFE, they even stopped people from buying, only allowed to sell Silver to reduce hoarding. The export ban is mainly because a massive domestic physical silver shortage.

China Silver Shortage
https://www.bloomberg.com/news/news...lver-buyers-fuel-latest-rally-in-busy-markets
India Silver Shortage
https://www.bloomberg.com/news/arti...a-panic-in-london-how-the-silver-market-broke
Japan Silver Shortage
https://www.ccn.com/education/crypt...sical-repricing-banks-collapse-bitcoin-crash/

 

[ftan42]

The term "overproduction" (or "overcapacity") is frequency placed in quotation marks because it is a debated political narrative rather than a neutral economic fact.
In fact, the current production of green energy devices, such as solar panels that heavily depend on silver, falls short of meeting demand, directly challenging the validity of the "overproduction" claim.
Maybe it is just an excuse for a new license-based export control system for silver.

 

[syed putra]

As silver soared to new highs and physical inventories dwindled, the unimaginable occurred: the CME, the world’s largest derivatives exchange, went offline for 10 hours.

Comex have been caught cheatng trading with contracts without the physical metal. Now they are in trouble if buyers want that metal and forced to buy from those holding physical silver at almost double the price.the exchange may collapse.
I heard Deutsch bank was forced to offload its physical silver just to save the new york banks at a huge loss.

 

[syed putra]

That’s why can’t buy. What goes up will eventually come down la. Otherwise , everyone will just get rich.

There is a shortage of silver as its production continues to dwindle and its use in manufacturing goes up especially in EV's, solar panels, AI data centres.

 

[syed putra]

There is a shortage of silver as its production continues to dwindle and its use in manufacturing goes up especially in EV's, solar panels, AI data centres.

Some manufacturers are already substituting silver for other metals but those are also on upward trend.

 

[Iceberg]

Try selling physical silver back to dealers and see how the whole industry low-ball you

https://www.channelnewsasia.com/sin...s-precious-metals-dealers-supply-gold-5836076

 

[Sinkiesuk]

I only hear those commodity trader expert usually millionaire. They know is quite seasonal.