UPDATE: 11/5: Silver touches $15.15 an oz

back up the truck!!!

silver is junk

the #1 item in all new patents is silver!!!

It is totally junky....and at these prices, its about to go extinct in no time!!!

Silver is a wasteproduct from the copper-industry. It will probably become valueless in the future.

Monster box here I come. When they sell stuff below manufacturing cost, what kind of fool will say no.

Hah, oiltard.

I've been busy and distracted lately and haven't been watching. Thank you very much for the heads up!!!!!

I bet you're a Keynesian retard as well.

Wow, where is the bottom.
I think 15 is the mining price.
Major manipulation going on.

Holy shit this is terrible. I'm glad I sold a little of my stash last month due to some unexpected expenses. I felt like shit selling at what I deemed "the bottom" but I guess I was wrong.

I feel sorry for folks who have used metals as a savings account and that now need to draw on it.

There was an interview on BBN a few days ago.
The interview was with CEO of First Majestic.
He is and is encouraging all miners to withhold, to stop selling silver at these insanely low prices and let them keep messing with their paper derivatives.
He quoted them as trading roughly 1 billion ounces per day while manufacturing produces about 800 million per YEAR.

Crazy! I've got a bunch of silver at $30 I'll sell you. :o)

That sucks. Wish I had some extra money lying around.

great! I hope it goes back to 6.00! It will go up one day..whether that's in a year, or in 10..it will shoot up again. Higher than it's ever been before. It's been real money since the beginning of civilization. The chickens will come home to roost for paper money.

Back up the truck!

The current market price makes no sense when you take the mining industry's recent experience into account. If it is costing them more per ounce to get it out of the ground and they are mining less of it then how is the price going down?

[link to www.marketoracle.co.uk]

Beat me to it. Thread: Silver Price $15.96

Whats going to happen next?

[link to www.bullionvault.com (secure)]

It will keep falling,,,,along with Gold. This is crazy! But once it bottoms and trades sideways a while it will be a once in a lifetime opportunity

They have sold record amount of Silver coins and bars the last 4 years. Record amounts! All sitting in peoples homes and vaults. What happens when people want to sell those record amounts?

But the price of silver isn't be driven by people selling their private stashes either!

Disconnect...

I'm keeping my silver and when I die, the kids can have it.

Can you start a poll on this op? Ask whether people think they should buy, sell or wait and buy later. I'm pondering going and buying a lot of silver today also.

Just buy buy buy, silver and gold have been used for currency since B.C.



It's not going anywhere, my advice, buy!

Way to hard to prognosticate what the manipulated metals market will call a bottom.

However your link takes you to American silver--why not buy Canadian Maple Leafs which are 4-9 better than American at 3-9s only?

Last trading day of the month and all contracts are in play.
Someone is chart painting !

Notice how they hammered the metals in the Alternate market for this mornings open ?

lol

in 2010 i was selling silver at 37 an ounce