Silver Bugs

[Darin]

Any Silver Bugs here? If so, what are your thoughts on the current situation? I've checked a couple local shops and they don't really want to buy much at this price. However, the G/S ratio is almost low enough to take advantage of a trade.

 

[Rod]

If you're looking to sell, try JM Bullion. You're going to get less than the Spot price, but shouldn't be too much less.

 

[Pugman1943]

Personally, I am in heaven. Been doing this for 25 years, time and patience is required. Way back when the Hunt brothers were doing their thing I locked on at $300 for 712oz. Took slow and easy steps and right now things are becoming explosive. When the US Mint shuts down production of the silver eagle for lack of silver stock that should ring a loud bell. The interesting thing is coming out of China where they are in a buying frenzy. The COMEX has raised future contract prices several times over the past few weeks trying to stem the flow out of the vaults, but it ain't gonna happen. The best is yet to come. I just keep smiling.

As for what Rod said about JM, what you want to do if you want to sell is do some heavy checking for local folks who buy the metal and ask what they are paying. Right now here locally, I would take a $3 hit on spot price if I were selling, a whole lot better than what any of the big boys will offer. You have to do your homework, but if you bought it right you can make some money. The G/S ratio is a tool and the big guns are using it to try and stem the flow. Need to be careful here. Don't be fooled by it. JP Morgan and Chase are trying to cover their respective ass at the moment. BIG things happening here.

That being said, smart money says to hang loose for the moment. Watch the Shanghai exchange rate on silver, watch Kitco ( which lags behind the China offer ). Bet you're going to see some interesting numbers in the coming months. OR, you could pm me and I will try to offer some help and guidance.

 

[Scap]

I'm hearing $300-$500/Oz is attainable.
Never would have guessed we'd be tickling $100/oz...

 

[Pugman1943]

Well, that number is being floated around ( 300 - 500 ), but the stars have to be aligned and a LOT of shit has to happen before.

The BIG driver is China, who has expressed a huge appetite because of industry demands. The second part of that equation is there is NOT enough above ground metal to meet that demand, and the mining industry can Not begin to catch up.

You are going to see a first class cluster chuck like never before. Yes, there will be some downs, and the ups will follow, unless the USA intervenes because now this has become a strategic metal, and WE ( USA ) hold most of it. Like Yogi said several times... it ain't over till it's over.

FYI screen shot at 1608 CST. USA closed at $92.54 for reference.

 

[Pugman1943]

NOTE: today the CME just raised the rates to try and stop the price of silver from attempting to move upwards.


CME Group, the world's leading derivatives marketplace, operating major exchanges like the Chicago Mercantile Exchange (CME), CBOT, NYMEX, and COMEX, where futures and options on interest rates, equities, currencies, energy, metals, and agriculture are traded to manage risk.)

Yes, on January 15, 2026, the
CME Group announced new margin requirements for interest rate and metal products that will be effective after the close of business on January 16, 2026.

 

[drunkfish3]

Lol was just thinking I wish I bought more back when I was buying. All my buying was under $20 with some under $15. I will i had 100s of OZs lol

 

[Scap]

I just realized something. Silver must be managed by the same people that decide on the price for Cubans...

 

[Pugman1943]

Today is a big day on the street, Wall Street. Options expire today. I do not have a good idea what this truly encompasses except at the end of the day a great amount of $$$ blood will be lost or gained. Many folks will loose their position, or maintain their position relative to how the were postured. It can and will affect the silver price and the mines and the miners. How it shakes out remains to be seen.

The demand for physical is very real. Not so much for us here, we are a tit on a bull. Industry, solar, EV's, the next computer farms are the big players. And Chinas appetite is not going away. This is real and in real time. Today, if silver, also called Ag can it hit and maintain $91 by close, we will see a reset. If that happens silver will come away lower. This is the reset.

The CME, JP Morgan, BOA, Chase have the power to cause this to happen. Will it happen, look at 1600 EST at Kitco to find the answer.

If it does go lower, then the power plays begin anew, but we have a window to buy some ounces at that lower price and begin or continue to build our stack. The takeaway here is the demand is real and the available ounces are finite. Sooner or later it's going to break out again because of the true demand buy those who need the metal to either continue, or go out of business.

If you are thinking of buying, please do considerable homework. Buying smart requires some work. I will you success.

 

[Rod]

@Pugman1943 I had no idea you were so in tune to silver. Everything you said is 100% SPOT ON (pun intended )!

I've been researching the financial system for over 5 years now, and continue to stay up on what's going on.

Here's my take:

• The banks have controlled the price of silver for many years, using fake money. The USD is unfortunately fake money; when it's backed by nothing, it's fake. When money can be printed by the gov't backed by absolutely nothing, it's fake.
• Banks have shorted silver using not only fake money, but also leverage (leverage trading goes beyond fake money, it's truly non-existent). How is it legal banks are allowed to do this? Hmm, perhaps the end of the Fed is coming?
• Gold and silver (God's money) is real money, as it has been since the beginning of time, well at least 3,100 BC. Gov't printed money is fake, and has always ended in collapse.
• USD stopped being backed by gold in 1971 (worst decision ever), in which it was then backed by oil, called the Petro Dollar. Today, it's backed by nothing, well unless you have "full faith in the gov't". When money is able to be printed, not only does it create hyper inflation (always results in a currency crash per history), but it also allows for endless wars. Only a gov't with bad intentions would allow for something like this; otherwise, backing it by commodities prevents endless money printing.
• The COMEX is truly screwed. Last report I saw the other day was that the ratio of paper silver to physical silver is 23:1, meaning that for every 23 oz of fake paper silver sold via an ETF (in other words, you "own" the idea of silver but not physical silver), there is only 1 oz of physical silver available. Therefore, now that people are trying to retrieve physical silver (or what they think is physical silver), there's simply not enough to go around. What happens next? Force majeure.
• When will Ft. Knox be audited? Is the gold there? We shall see...
• China's exchange silver price is higher than the Comex, and as of Jan 1, 2026, China has banned all silver exports. Meaning, they are buying all they can from the US and hording it.
• JPM Chase closed their massive short positions on silver in Oct 2025, and now have a massive supply of real physical silver. The biggest bank in the world must know something; following their lead on this clearly paints a clear picture of what's to come.
• Silver is the most conductive metal available. I always thought Gold was the most conductive, but it's not. Silver is far more useful than gold; gold is primarily a store of wealth.
• We're in some very interesting times right now, and I think we're going to see the tables turn significantly in the near future, giving control back to the people and away from the gov't.
• After many years, silver is finally breaking free from the shackles. Let's see where it goes from here, I'm optimistic.
• What happens next? Research indicates something significantly different. Many people are saying an RV is coming (re-evaluation), meaning the financial system has to be reset and revalued, backed by something tangible, like gold/silver. The result is a big price increase in gold/silver in order to re-value the price of the dollar to something honest, true and accurate. Just what my research has indicated, not financial advice.

Nice to see there are other "silver bugs" out there.

 

[kona1000]

One thing I can Guarantee, the amount of money printing is only going to escalate. National debt will only increase, interest on debt will start to parabolic.

Nothing stops this train.