in this video I talk about silver price going up and why it went up today. Silver price went up $1 today because the Japanese Yen got stronger. The USDX is weighted against a basket of foreign currencies and got weaker today. Because the USD got weaker silver price went up. Will this silver price rally continue? Silver is now up $6 in 2 months. Silver price can go much higher in 2023. If you are silver stacking or investing in silver then you need to look at the long term. Silver and gold are an inflation hedge and I am still stacking them hard today! Silver price 2023 can change quite a bit from where it is now. This silver price increase can be seen as a short term event but I still think that silver price is low enough to stack more silver bars and silver coins while you still can. I will keep making videos about recent silver news and keep you up to date on what is going on with silver price 2023 and beyond.
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40 Comments
If anyone is into mining stocks I highly recommend MAG Silver. 2023 looks like it will be a great year for them. Definitely do your research before you buy.
keep a eye on platinum. china is buying platinum.
If you think silver will first go down in 2023 and later up than plse explain WHY..? otherwise your just predicting something without a reason.
Great video man
Soon we'll see the dollar and gold & silver go straight up at the same time and then the dollar will come straight down like a rock, that's when the game is over.
When silver was in the $18 range I bought some, but held back since many were saying it would dip lower. Maybe I missed the 🚤?
I've been buying shares of the silver ETF since 2011 (SIVR). It's a boring investment and the ebbs and flows are slow. All told, I'm up 27% at the moment. Shares I bought 10 weeks ago are already up 36%. I don't intend on cashing in, but based on my experience with this ETF, now isn't the time to add more shares. Maybe look for a 10% pull back in the next two months.
Silver will be slowly moving up with strong demand I think next year we will see 40 silver possibly even higher
what what do you suggest buying right now silver or gold
I really hope the price of silver corrects soon so I can buy more. A sale just came on one of my favorite items to stack, but the spot price has gotten too high!
Don't buy gold till the ratio get under 50 to 1!
What good is silver at 500 dollars if the dollar is trash?
Man I was waiting for someone to do a vid on this today ty!!
I’m 80% gold. 20% silver
It will skyrocket in 2023 or 2024 or 2025 or – or – or
Just to think two months ago I had to sell over $1,500 of my silver at $18 to finance moving expenses to a new home. Ouch! Well at least I didn't have to sell any gold.
Crogress just passed another TRILLION in a half
Not surprised I've been buying silver for a while I've got quite a bit of it I bought a kilo last week glad I bought it then…
I've never regretted any of my precious metals purchases
Disagree with your comment about the bottom for silver prices. You said $15/16 would be the bottom because once you go below the cost of mining silver, producers would withhold production. That doesn't make sense. Silver is primarily a byproduct metal. There are only a few pure silver mines in the world. Miners with a byproduct like silver will take whatever they can get for silver. It's not their meal ticket. It just helps offset the cost for their primary metals. So that is why you sometimes see base metal miners agree to royalty deals for their silver production at low prices. Their main output and revenue is from gold, copper or a combination of zinc and lead and selling a silver royalty allows them to pay for mine improvements or even building the mine. Cost of production will not put a finite floor under silver.
I think this fact is one of the reasons why silver has languished for so many years. I've been waiting a long time for the many times predicted boom in silver prices. So far, it's been elusive. I still have my silver but the wait has been frustrating. I even started selling some of my more popular coins on ebay to raise some cash. But I ended up buying more silver than I started with because I kept seeing deals for coins that I thought would eventually command a premium on ebay.
It's a disease~! LOL!
Premiums are way too high.
LoL LoL LoL LoL 😂
I do not want to know the reason why silver went from 23 to 2440 I want to know the reason why silver isn't at 75 or 100 if you answer that question it kind of makes your little commercial useless
I would love to see silver fall. I could buy so much 🙂
My prediction? When I'm ready to buy silver, the price jumps. Just after I've bought a lot of silver, the price goes down. I think that's likely to continue.
Gresham's law states that, at some point, all the people will reject the US dollar and rush into P/M's. Then the ship will have sailed.
Well done! Professional analysis 👍🏻 Thank you!
I know the spot price for silver is almost irrelevant to the price of physical silver, but the creep of spot price puts a bad taste in my mouth when buying more silver.
Stack is all for the kiddos, so sorry y'all, I never like hearing spot price go up. I'm on the 30 year minimum plan….
Digital currency, the Fed Dollar will it affect precious metals?
With every rise will come a fall time is the only factor. Wait
Great video. you've reminded me of what someone once said ❤ Making money is an Action, keeping money is behaviour, Growing money is Knowledge. I once attended a seminar and ever since then I have been waxing strong financially, and I must tell you the truth.
There is no way I will pay the crazy premiums on silver they are charging nowadays.
Money gee
Just an FYI, silver will NEVER “go to the moon”. EVER.
Silver was 29 last Dec. Nothing will happen before comex goes bust.
That’s it! I’m buying 5 more ounces just because….
I ❤❤❤ your channel, and your informative presentations. You bring charts, and pertinent information to your presentations, unlike some of these other channels with the freaking actors. That nonsense makes me turn them off almost immediately. Keep up the good work, sir. 👍
Market must of known I was already planning on buying today
Weeeeeeeeee!! Hopefully it holds!
This was interesting but I'm in it for the long term, like you. This short term stuff means little. Thanks!