SILVER PRICE BREAKOUT +$31.50 oz
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- เผยแพร่เมื่อ 16 พ.ค. 2024
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SUBSCRIBE to Our Channel: th-cam.com/users/sdbullion?s... The nominal price of silver in fiat US dollars ripped red hot higher today, and we are now in price breakout mode.
The spot gold price in fiat US dollars finished this week at over $2,400 oz, while the spot silver price blew through its old $30 oz resistance dome. Silver closed this week at over $31.50 oz bid. The spot Platinum market is beginning to show strength, closing the week just under $1,100 oz.
The strength of silver caused the spot gold-silver ratio to fall back down to 76.
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How about a👍for SILVER busting through $30 oz with conviction, at long last.
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Yay! Great video, love these end of week updates. Special silver close today! Thanks
Yes !
It's HBO historical buying opportunity for gold and silver 🪙🥇🪙🥇🪙
I had all mine stolen by Canada's corrupt police.. ontario opp. Stole everyrhing. I wouldn't store a dead horse there they would steal that as well.. pure evil human shit.. 1250 oz
This week saw a 4% and 6% increase in spot silver. Someone just lit the fuse; things are about to get interesting!
What's most exciting about this rally is that it's happening while no one is even noticing.
@@GrantDWilliams82 gives the feel that no major media ramping in Silver until it gets threatening $50 oz ancient highs
@@GrantDWilliams82 Exactly. Just wait until the masses wake up/flock towards silver
I can’t wait to see non
“ bugs “ get the BUG ! 😂
@@rudeawakening3833
They will catch gold fever. 🤣
I watch quite a few podcasts every week, but this is probably the most anticipated one. Every Friday morning I think “I wonder what he’s going to choose as his topic today?”
Best frickin info on the innerwebs...what a week
A joyous day for long term holders and believers .... Thanks James
I've been buying Ag $100/week since 2005. 🥰
4 x 52 x 19...........Nice
Happy camper
@@jasonponto1032 What's the 4?? 25 is certainly not the average ozt price over those 19 years. They have a lot more silver than that calculation.
@@Anrirua4 weeks per month.
10,000 ounces?
Fantastic day for silver 😀
When silver is wasted in .military weapons and in non-reclaimable things silver will become more rarer thus worth more.
God bless the stackers! 🥈🥈🥈
Thank you James and SD, very exciting times for us stackers!
I bought silver and gold at spot today from SD.
I got in on that action too
Ditto
hopefully that was at 1201 am today
I will wait till Monday before being to excited.
Many stackers are already celebrating.
Cheers!
Monday Smash Down Incoming as Usual 😂
no Saturday morning without James 😀👍🚀🚀🚀🚀 Thanks a lot and greetings from crazy Germany 🇩🇪
Guten tag! Hey what's the deal with the VAT on silver? Some EU countries have it but it can be skipped by buying from Norway? I couldn't get a real, practical answer as to how much the average European can buy silver for. Cheers, thanks!
Silver Tards, we ride!!!! Woooo Hoooo! 🚴🚴🚴
THE BEACONS ARE LIT.
I also stack nickels... alot less than silver... but nickels are the new 1964 dimes. Hold onto them or do what i do, swap a portion of you fiat cash into boxes from the bank. Theyll be discontinued soon enough and probably worth more like 25-50 cents a piece. If you ever need money you can just return them to the bank and get cash.
A nickel is worth 8 cents... that means if you buy a $100 box you actually get $160 worth of metal
Ive saved them for years and copper pennies too.
It also looks like the 'handle' in that first chart is a miniature cup-n-handle all it's own.
R.I.P. Scott Minard.
He died ?
@@darinmullins4770In 2023... He was a huge powerlifter. Pretty much sudden and unexplained.
@@darinmullins4770 Scott Minerd died of a heart attack at the end 2022.
Yes suddenly@@darinmullins4770
I’m not familiar with who he is
Michael Burry buying gold....what does that tell you?
Paper
Central banks are buying gold bullion.
What does that tell you?
Scott Minerd is smiling down on us today. RIP
Let’s GOO!!!
Love the report!
Thanks James and SD Bullion!
Thanks James and SD Bullion. We love these videos. We love that Silver Eagle at SPOT deal more though 😉
This was the content I was looking for all day
Silver to $35 next cycling between $32 and $38. All this on inflation alone. Current increase is due to inflation...using dollar devaluation gold is .85 cents...for silver dollar devaluation it's at 2.1 cent... ($20.67/$2400(spot)= dollar devaluation in terms of gold)... This means silver should be 2.1 times the value it is now to be on par with gold...if gold goes to $3000, GSR at 100 puts silver at $30...GSR of 80 puts silver at $37.50...
Very interesting and informative.. Excellent video..
Love this channel! Learning so much about metal from you guys.. Thanks so much!
Great information - thanks!
Bout fricking time 🎉
Time for price correction for gold and silver....
It is correcting upward..
What a week! Thanks for these unique presentations, great work James ❤
Thank you!
On saturday I am always waiting for you videos James!
Greeting from the woke Netherlands.
Today was fun!
Someone should make Hunt Brothers one ounce silver rounds
might get sued by their pretty powerful progeny
we'll check with our lawyers lol
Totally awesome😊🎉❤
Thumb 👍👍👍👍👍👍👍👍
Platinum is still a buy.
I'd like to see a 30:1 ratio of silver to gold spot price. 15:1 would be even better!
I just bought my first silver in March when the spot price was $24+ ,7 bar's and they increased over $40 , the same as a ounce of gold.
Thank You, James ! 🤓
Lets go!!! 🚀 🚀
Commodities in general are on fire.
As a person who has a lot of silver both physical and stocks this is exciting.
hells yea it is
"Good things come to those who wait".
Nice! “Keep you head on a swivel”
Nice.
My stack is valued over $5500 higher yesterday. Let’s Goooooo!
Cheers to being irresponsibly long, James 🍻 🎊
weighing tonnes
Awesome day
To the Moooooon!
I bought $10 face dimes today, told my LCS I was buying on the upswing!
What did you have to pay for face value
Bought 100face of roosevelts two months ago
Added another 100face of quarters
@@shannonharris2602 $2.35...
If GSR hits 60, I am swapping for gold
I'm going to trade half of my Silver at 40:1.
I’m waiting 8 to 1
Don't swap anything. Keep it all and do everything you can to load up more on Silver. Raise cash and BUY!
@@reincarnated96ohhhh yesss!!! Definitely! I just bought from my LCS today! Dimes!
@@reincarnated96Exactly!…for some reason, many people are thinking that silver and gold are mutually exclusive.
I like both of those metals
Next stop for silver is a big smack down to the mid $20s
cynical and arrogant shorts always eventually get squeezed, and it often leads to bankruptcy if they're levered naked short morons
Good luck Kyle
I managed to get a physical order in Thursday after I saw the potential breakout forming with a close right near $30 and no tamp down to $28/low $29. It's time! Relentless demand create a pointless tamp down pricing strategy when the ONLY thing that would slow down demand from the BRICS applicants would be a significant rise in price. jmo. Good to hear from you on this subject!
my FSM shares i bought a couple months ago closed Friday up 91% and nothing has even happend yet.
Stacking silver since 11$ oz in 2007 till 2011 sold at 48:35$ then bought at 15$oz in 2021 and am thinking of selling out all my silver for mining stocks what do you guys think? I do it with peter schiff gold fund. Or should I wait till it hits 48$ then sell and switch to mining stocks .
Should get interesting..
Silver to the moon 🔜
Sd should start selling forklifts, the ultimate stack accessory
Be careful and watchful
Silver my Wilver
Silber sollte infflationsbereinigt bei 160 Dollar stehen. Warten wir mal ab 😂🎉🥇🏅🥈🚀🎆👍💯
CHARGE!!!!❤
May the COMEX be glassed.
When the GSR get's to a proper level i will be swapping my Silver for Gold. However now that Silver is above 30...the technical trading is VERY EXTREMELY limited so Silver has to find it's way and there could be a blow off in the making. I have to admit i was a bit shocked seeing a 6.5% move today but it shows once it broke that technical level of 30 it was off to the races. Perhaps 40 by next Friday or sooner...or maybe a breather, who knows but my stack is looking pretty good now, glad i have been stacking the last 4 years. It's not much (yet) but it's mine and i'm happy to have it.
It’s nice seeing my brokerage accounts hitting high water marks each week. I’m all in between Sprott gold and silver ETFs, and mining stocks. The miners have been outperforming the metals. My IRA account tells me this every day.
Thanks for the weekly update James! 👍🏼👍🏼
SD🥈🥇🥈🥇
As Buzz Lightyear would say " To Infinity and Beyond "
∞💿🚀
Silver has been ready for a breakout for the last decade...
If the banks won't give you paper cash, demand gold and silver from them since the Constitution declares only gold and silver are money.
When gold correction takes place...prive of silver will drop...
Don't short silver in comex biggest scam and manipulation in silver plz don't loss ur money
Should be $18 next week..lol
cynicism eventually gets short-squeezed and margin called, good luck John
fuck it, silver to 1million
In my local Polish złoty currency (PLN) we are close to ATH. I believe other markets can have similar cases. Lets that sink in
Yea looks like the fiat PLN started with the fall of Soviet Union 1989-90. So your silver high is the 2011 April top, and yes you are closing in on that currently. Go look at the longterm PLN Gold chart up nearly +60% from its 2011 high already. Silver eventually follows gold so conservative to think 200 PLN for an ounce of silver is in a future not too long from now.
@@sdbullion yeah its hard to measure XAGPLN in 40 years time bc the currency was devaluated (in 96 they cut 0000 making 1 PLN = 1000 old złoty's). And yeah you are right about gold. What needs to be remembered is that currently USD is relatively really strong compering to other currencies.
@@krzysztofkaplinski8603 that ;ast point is very hard for people within the USA USA USA to bang deep into their heads... you have to go to emerging mkts and see how hard people have to work to get a tiny amount of USD equivalent day's living wage
今年底前白銀必突破80美元以上！！！
I'd like to buy an ounce on the Crimex for $0.15 😂
Scott minerd , oh grand dad everyone knows how worthless paper money is 🤙😎
If you are over 59 1/2 - you are insane to not roll over 100% without penalty , your 401 k into a SELF - DIRECTED IRA , and convert 100% into physical precious metals …
I don’t trust someone else managing my money to begin with. Most just buy an index and go play golf while collecting their fees.
@@EMan-cu5zo
There you go …
@@EMan-cu5zo if you don’t hold it, you don’t own it
Down gold ratio 1:1
Gold silver ratio 1:30
It's HBO time for Silver and Gold, historical buying opportunity back up the 🚒 🚛 🚛 🚒 🚛 🚒 🚛 while you still can, and it's on sale😊🎉❤
Yes, but a forecast is a prediction is an intelligent guessing about the future, so: buy NOW, don´t wait, but be a little cautious about what will happen next. Just saying.
再過幾天 白銀將突破45美元1盎斯！！
Expect a Suddenly Moment with Holy SILVER something Like Game Stop or Nickle but More Explosive which requires a Shut Down or Limit Up
Correction soon , anyone?
$34 - 38 - 40 - 50
Debt go faster and faster
Inflation go faster
Gold silver faster
I wonder how many silver bulls gave up over the years. Fortunate to be buying last 5 years maybe I would have given up to. Many blessings yall.
Picking up silver at $24 a few months ago was a no brainer
finally
Hy’shqe (thank you)
Finally, a good reason to hold my pants up!! 11:45
The Monster Box or Mint case y'all are Giving away well You can 500 x $2,000 Soon and You may think twice then hahaha
The ratio being 76+, it's getting close to me trading silver for gold. I love silver, but in an emergency, one container is easier to move than several hundred pounds of silver.
Keep some bartering silver
Thanks for the update young fellow. Word for the day : GOD IS NO RESPECTOR OF PERSONS BUT TO THOSE WHO DO RIGHT. SHABBAT SHALOM THIS SABBATH DAY 💔✝️❤️🩹👍💖✌️.
An ounce of silver today will buy what an ounce of silver bought 100 years ago. Who cares if the nominal price went up? That just means we are moving further into third world status here in the United States. Good luck all!
Be careful what you wish for...
SO YOU WANT ME TO BE ALL JOLLY BECAUSE SILVER IS OVER $30😂😂😂😂 WHY WHEN I PAID $50 WHEN IT WAS $55 IN 2010🎉🎉🎉🎉BOY IF YOU DON'T GET YOUR SILLY ASS😅😅😅😅
🌎🗿™️
Can you beiieve Minerd was gay though? Never woulda guessed
Humans are myriad complex and simple same time
🇺🇲
Bro the price will drop back to 26$ in less than 2 months 😂