Why is Silver Price SOARING?

[@falajikitaiwo8962]

I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

[@NOTurbuisness-r5q]

@DanielleAdams-s8rhey you know this guy is a bot right ?

[@my3dviews]

Lower inflation doesn't mean that prices are going down. It just means that the percentage of increase is less.

[@BoxStudioExecutive]

A lot of people don't realize when they say that inflation is going down, that in actuality means the rate of change in the rate of change in prices is currently negative. Or, if you plot price over time, change in inflation is a second derivative of price with respect to time, and the second derivative is currently less than zero. Cue the peanut gallery asking "when are we going to use this?" in calculus class. Also, lol at needing to know calculus to properly understand the CPI report

[@trmccann]

It will be revised again next month.

[@zed332l]

Look at what has been remove from the CPI under Biden. Fuel, food and energy.... Actual inflation is above 8% . The rates need to come down because they Govvmt cannot afford 1 trillion in the debt interest every 100 days.

[@conchaholic7287]

Thank you! So many don’t understand that!

[@u2canbfmj]

It means they replaced Steak for Dog food

[@daviddavey1727]

Glad I completed my metals stack earlier this week. It’s basically just an emergency account, but I feel a sense of accomplishment with it.

[@eldandonsmith5372]

2,000 ounces?

[@mikehoskin1674]

So should have emergency ever comes and hyper inflation hits, who is going to buy your silver

[@daviddavey1727]

@@eldandonsmith5372 I should be so lucky, but my name isn’t Robert Menendez.

[@daviddavey1727]

@@mikehoskin1674 In that situation your fiat currency wouldn’t be worth anything in the first place. Just paper! Silver at least has a commodity value that is internationally recognized.

[@eldandonsmith5372]

@@mikehoskin1674 Any country that still has industry and needs it. Silver is no different than: Trees> lumber and paper pulp, wheat, steel, oil, potatoes, etc, etc. Our 1 oz rounds will be bought up and recast into 1000 oz bars and shipped to whoever needs it.

[@indivisibleman8596]

The silver price is up 2%. That's not 'soaring' territory.

[@IHateThisHandleSystem]

He's not talking that short term. Silver is way up right now.

[@archers101pd7]

This is definition of soaring for all these metal youtubers.

[@tjmmcd1]

This momentary surge to $31.38 is still $3.71 less than the average daily price of silver, ($35.12), for the entire 2011 year. With a daily high of.... $48.60.

[@OurHeroXero]

Silver might only be up 2% today...but it is up ~30% since the start of 2024.

[@tracyhaynes5404]

It's also approaching a 10 year high that is lower than it was 3 or 4 weeks ago

[@FreemanJameZ]

lively, comprehensible, and professional work. Like in your vision, I still think PayPal is too expensive right now! This is just the beginning; there is still a long way to go! Perhaps $20 per share would be a fair amount! I wish luck to all those who think PayPal will hit its peak again. I'm sure you'll agree because we usually agree on stuff. TSLA, CLSK, PYPL, and your viewpoint.

[@palebiss1646]

I'd like to know more about the UK markets in light of the recent elections. I'll keep it a secret, but I know when the big crash is going to happen.

[@FreemanJameZ]

I might never beat you, but during the last year, I have beaten the S&P 500. And I am a Florida Clearwater billionaire; currently, I have about $227k in dividend stocks in addition to great funds that I use to maintain operations.

[@angelodgreat6561]

I'm always curious as to where you received your trading education and from whom you learned covered call and options trading. Could you discuss your vacation experiences?

[@OscarOwenn]

I have an annual capital gains allowance of £3000; can I use it to invest in an exchange-traded fund (ETF) and avoid paying taxes on it? Perhaps a different tactic? I need to save aside some cash for a temporary housing deposit because this year my ISA, SIIP, and personal savings account have all ran out of money. My rate of tax payment is higher. Salutations

[@FreemanJameZ]

she will tell you that a correction in the market is overdue, but don't budge from your position or short; else, you will appear to be following the market. Since CFA are experts, no one can provide a definitive statement. Despite what has been demonstrated, reality

[@Marky-j3o]

When the metals get revalued it will happen overnight ! Then people will be shocked. Keep stacking.

[@darinthesecularspiritualist]

Mbridge is coming and it is precious metals backed. Bye fiat. Hello silver coins

[@2_Bike_is_Life]

Gold is what will be revalued overnight. Silver is still considered a commodity. But the move into gold by big money, will expose the silver market when gold is unobtainable. Dropping in the purchasing power of fiat currency, and the risk/instability of the debt market is going to be a catalyst. Watch for the stock market to surge as big money has to go somewhere liquid.

[@Valid909]

I am new to precious metals investing, I wanted to get some 10 ounce silver bars a year ago but never did. Now they are up 50% since then. Is it a good time now to invest in silver or should I wait? Any help would be much appreciated 🙏🏼

[@__Ryan_]

@@Valid909you should buy a little every month regardless of price imo, but if it crashes or dips I’d buy even more. Got most of mine when spot was $16 and some change.

[@DaveEPie]

@@Valid909try to buy some silver online at spot price- the online dealers usually have sales for spot price or .75 over spot. I hope you don’t live in a state that taxes bullion sales- a sales tax. Try to buy it without paying a sales tax. You should have bought last year when you had a chance at cheap silver. I am buying now Not worried about a silver price crash - and if it does crash to 24 area - I will buy there too Silver is up 35% since January 1- Much much better that a savings account Grab those 10 oz bars bro.

[@OurHeroXero]

To everyone in the comments saying _silver isn't soaring_ ...silver is up ~30% since the start of this year. Stop hyper focusing on hourly/daily moves lest you miss the forest through the trees.

[@DaveEPie]

30% since January 1 Meanwhile the banks are paying zero on a savings account. Or 4.5 on a cd- I ll take the 30% with silver stacking

[@Follow_D_Rabbit]

Peter Schiff has been saying the same thing for 20 years. Eventually he will be correct. He is not someone to trust on which way gold and silver are going to move.

[@Oso781]

Most of these guys are making money by promoting catastrophic scenarios and most people are oblivious to it. I stack both gold and silver but I don't fall for their advertising.

[@timothythompson4036]

Remember, even a broken clock is right twice a day.

[@u2canbfmj]

Gold and Silver have been moving higher since 1971. If you think this will ever reverse and stay stable, I have bridge to sell you.

[@eldandonsmith5372]

But who would have thought .Gov could get 35 trillion in debt without a day of reckoning? It Will happen and Anything will be worth more than US paper.

[@Honestcritic79]

If someone is ultimately going to be right, they are right. Someone can't be half right. He obviously doesn't have a crystal ball and knows what things will be year by year, but based on principles, which we believe is mostly Austrian economics school of thought, this will be the eventual outcome. You know a drug attic will die ultimately, but how he will be leading up to that death no one can predict.

[@barelyafloatwithsteve3975]

Hi my name is Steve. I met Adrian today 7/11/24 at the Fun Show Coin Show in Orlando Florida today. He is a very nice young gentleman, just like in the videos. I felt a little bad bothering him, but he didn't seem to mind at all, and we talked for a little while. As I was leaving, he said, "Make sure I comment on the videos"

[@PaladinPierce]

"Paper money eventually returns to its intrinsic value - zero." ~ Voltaire

[@OurTimeIsOut]

00000😮😂

[@benwherlock9869]

I think you will find that quote is by Mark Twain.

[@jake8077]

Paper can still burn like firewood .. so its never going to be zero .. just like firewood is never free

[@u2canbfmj]

@@jake8077 Toilet paper is where its at. Load up

[@margiestephens7281]

Kiyosaki is ate UP with ego … can’t EVEN listen to him “talk”…seriously !!!!!

[@Oso781]

He was the one who got me interested in the current state of economy and stacking but he is definitely hard to listen to lately!

[@beri232]

He's wacko!

[@beri232]

@KeepOnTheRightPath lol…. I think the wealth and popularity made him wacko to be honest.

[@HomestarCrawler]

If the Schiffmeister is calling for silver price to explode, it might be time to sell 😂 He's called 25 of the last 1 recessions 😄

[@bamahama707]

Inflation decreased? Bull.

[@IamME-id8mg]

I'd like to see gold stay where it is while silver continues to skyrocket. _That way I could trade some of my silver for gold._ *My silver stash is WAY too heavy to move!*

[@DrRobertUnderdunkTerwilligerJr]

Mine is too! I would love to start trading for gold.

[@MGTOWPsyche]

Gold will slow more as it continues to rise slower, while silver rockets to 40:1 ratio silver to gold!

[@IamME-id8mg]

@@MGTOWPsyche 40:1 would be *AMAZING!* But I would probably be kicking myself, because I probably would made my move when it was 60:1 (give or take)

[@Shrouded_reaper]

Lol these people gonna give away their silver at 40 and 60 to one when it comes out of the ground at 8:1 😂😂😂😂😂😂😂

[@dingdongdaddy589]

Not holding my breath - silver is the most manipulated asset. As pretty much everyone here knows…

[@MarkBsaved]

click bait ....not soaring

[@curtislinker-vw9bh]

There’s got to be more going on behind the scene !!!

[@natemr4482]

Great video brother thanks for the info 😀

[@tjmmcd1]

Any rise in price is good, especially for those stacking to hedge inflation and in the event of a fiat monetary collapse. HOWEVER, why not compare todays silver price to 13 years ago, versus 11 years ago? In 2011 the AVERAGE PRICE OF SILVER was $35.12 per day, with a daily high reaching $48.60 per ounce. Inflation and basic cost of living prices have risen by at least 20% in the last 13 years, yet we should give a big WOO-HOO when silver prices have 'momentarily' reached about 90% of the AVERAGE price of silver 13 years ago?

[@OurHeroXero]

Anyone can cherry pick dates/numbers to support their case.

[@josemercedes1509]

It was 31.65 2 months ago. This isn’t soaring It looks like a flat line. It’s not a bad thing but we are also not buying silver with no premiums. The cheapest I was at least 1.65 usd. The only time there was a jump was on the week of may 13th. And from what I remember the premiums back then were 3 dollars and guess what it went up 4 dollars for a few days and then dropped down to 2.80 so it’s a loss of .20 cents. Quit saying soaring and say the truth it’s just a flat line, that hedges against the dollar. 40 oz of silver will pay for rent back then and 40oz of silver will pay for rent now.

[@my3dviews]

True. It went down a fair bit and now is almost where it was two months ago. That isn't soaring until it at least makes new yearly highs.

[@bobsacamano7653]

Hopefully I will never pay rent again. BTW rent where I live rent is 78 ounces of silver, In 2012 rent was 18 ounces of silver.

[@scottwilliams5642]

Would anyone click on his thumbnail if it said SIlver continues to be flat.

[@josemercedes1509]

@@bobsacamano7653 looks like something isn’t adding up if silver is a hedge right. It’s like the country is not respecting the commodity.

[@josemercedes1509]

@@scottwilliams5642 if he were speaking the truth. And wants people to click it should say silver has bounced back to the same price as of two months ago. Give us a true inflation report to silver ratio and we will see if it’s worth it. So far for me silver has held steady just a flat line with inflation. But if silver is not increasing with inflation it’s just as bad as losing it with fiat currency.

[@dopeytripod]

...EVERYTHING is on the rise

[@aintchorrollmodel182]

This!!

[@pally867]

No matter what happens, I am afraid we will end up getting screwed by our Masters in the end.

[@oldscoolcooldiecast1879]

Gotta have some kind of content I guess 😂😂😂

[@timothythompson4036]

. Great technical analysis. Personally, I think the volatility of the stock market is bleeding into precious metals. We are in for a rough ride ahead. Remember, this is an election year.

[@daviddavey1727]

@@timothythompson4036 when the rose colored glasses come off after the election will come off and the cracks will be revealed!

[@heidigib01]

The world has collectively lost their minds and chaos is on the horizon. People are SCARED on both sides. We aren’t financially stable or secure and many people are realizing that.

[@WorldMoneyWins]

Great job SD!!

[@murphsoutdooradventures8446]

just want to say thanks for all the info you give us

[@Acemanveryspecial]

Literally doesn't matter what the US fed or Government do, they have provided no path out of the debt spiral. Silver will eventually increase in value once the US dollar collapses or inflated. Either way, you're protected.

[@davidanderson8130]

Inflation is not going down. The RATE of inflation is slowing down.

[@101jody]

Helpful breakdown thank you! I doubt inflation is going down, even if they say so.

[@B525shot]

I think, precious metals should be used as a hedge, not for capital growth. If you want growth, then buy a globally deversified ETF where you can expect 6-7 % p.a. over a long time.

[@jykl608]

Silver goes up then goes down, then goes up and. goes down again.

[@u2canbfmj]

meanwhile the FRN just continues to go down against everything else.

[@RandyBeecher-ug3dh]

33% increase past 6 months Isn’tthat the key to everything?

[@nathanhill6042]

Soaring is 40 45 an oz min

[@hughbramlett7689]

I have been hearing this for over 25 years.

[@JL-kv2le]

It's going Up, Up and away!

[@Whitebeard70]

Excellent info, as usual.

[@BallerDan53]

There will come a time when no amount of cash will buy you any metals.

[@demri123]

Indeed

[@georgezipp8783]

Peter and the wolf wolf wolf has been saying this for " Decades " . FACT I like silver and gold I like stacking but don't the Peter and the wolf BS please . I mostly enjoy your show just not hype .

[@silversax5697]

But this time is different, the last 642 times he predicted soaring prices were just “delayed”. 😂

[@jeffnelson4489]

Vote for Pedro

[@philiplippens2690]

@@jeffnelson4489 Vote for Summer.

[@georgezipp8783]

@@silversax5697 Oh I get it , paper to silver is 400 ish to one . But this won't make Peter and the wolf wolf wolf right . That's my point he's tool have ever met him ? He's a big time little guy .

[@silversax5697]

@@georgezipp8783 oh I was agreeing with you. I was being sarcastic

[@thebigguy5226]

Gold to silver ratio is approximately 75 to 1, excellent time to invest in silver.

[@FiscalDiablo]

Hey, so if the economy is doing worse when the price of silver goes up, does that mean that an $11 difference is a lot worse than a $2 difference over 4 years?

[@Lisa___c2u2]

My emotional wish: may you smile always.

[@thecurtisfamily3810]

Silver will be back under 30 soon. Don’t blink.

[@demri123]

36 in shanghai

[@thecurtisfamily3810]

@KeepOnTheRightPath how much you want to bet.

[@malcombe7001]

It's 8pm here in England, there are no 1964 half dollars on ebay until tomorrow evening. I've never seen that and ive been grabbing cheap ones for over a year. The rough average starting price on ebay is £15, $19.37, with p&p.

[@tonyalba790]

Heard India just made another record breaking delivery on the back of 2 US manufacturers taking large deliveries. Plus Indian silver imports totaled 4,172 tons of silver from January through April 2024 which already topped all of 2023.

[@SILVERBROTHER72]

I'm thinking if the Fed starts cutting rates the metals will get very bullish but it will not help inflation & actually make it worse over time 😢

[@w.w.5534]

This price jump has nothing to do with inflation rate but anticipated future interest rate cuts and the devaluation of the dollars. It should cost more to buy gold when your currency devalues. Also keep in mind gold and silver are traded internationally too.

[@manuelcastaneda7838]

Copper is the media of exchange. Gold and silver have been boarded out of existence . Everyone can have copper in their pocket or purse.

[@JSVintage]

Remind me -- the value of silver is soaring. What can you trade it for more of? Fake fiat paper currency? I'm confused.

[@wasillastacker]

As labor and fuel cost will always keep on increasing. So will the spot price of metals. It has to. So stack it high, and keep it for a long time.

[@Spirit-FilledMindset]

The answer to why metals are up is not because the DXY was down. That's a fallacy. I've seen them both move in the same direction before which proves your assumption wrong.

[@Mike-sr6gd]

True, however that is usually the way it works

[@workaccount3872]

and just like clockwork, all the silver channels post videos about the price going to the moon and it starts to plummet not 24hrs later, gold as well. I know ya'll need content, but can we stop with the click bait hyperbole? About to do a purge of my subs on all of these channels.

[@saladbreath607]

Inflation down 0.1%. Someone tell Biden, quick! He's a hero!

[@daviddavey1727]

@@saladbreath607 He already claimed it in his press conference!

[@TxAmerican]

How do you define "soaring". The current action in silver is not "soaring" by my Websters Dictionary.

[@catvoh8997]

Does Silver Dragon read or answer his comments?

[@kirbyvacuummadman1814]

Soaring? I don't think so.

[@l.ls.8890]

So is the government BS'ing to us about the CPI causing the gold speculative price to rise?

[@Thecenteroftime]

Thinking about buying silver today think it’s a good or bad time I’m thinking long term ?

[@richpaydirt]

I wouldn’t say silver is soaring, it’s back to about where it was before it took a big dump. Nothing to see here yet. But of course, the speculation starts up every time the price rises. Telling us how it’s on its way to $50! $100,! Buy!!! Buy!!! Buy!!! Been hearing this for years and years.

[@Gideon_gains]

Needs to break 32.06 and use it as support on a retest before I start thinking about it soring.

[@itroycloudone]

I think if bitcoin continues to have trouble investors will be buying up more silver and gold.

[@adamspencer5142]

Has Peter Shiff ever not seen good things in the future for silver? I do think now might be the time due to impending rate cuts, but these perpetual bulls are just getting old. Things go up and down, if you just keep saying the same thing over and over you will eventually be right, but may have missed out on much better opportunities.

[@ASMRPeople]

Perhaps true, but I've never heard Schiff predict any previous metal will go down. 😂

[@Daniel___2i1d]

Serious business: the loss of funds and the roadmap for recovery.

[@annansel2638]

So glad I started when I did...this is fun....unlike stocks

[@bobsacamano7653]

When the banks fail silver soars. Banks cannot manipulate as much.

[@BENSTACKIN365]

Bank stocks where up BIG today on a weak dollar. Makes perfect sense.

[@darrensoldan5972]

Oh gold is at it's all time high it's just going to keep going higher...

[@scottwilliams5642]

The prices are NOT going down. 02:33 The RATE of inflation is slightly slower. That means prices are STILL going up.

[@philiplippens2690]

Do you include premiums and shipping fees into your dollar cost average?

[@BoxStudioExecutive]

You should. But why are you paying shipping fees?

[@annansel2638]

Diversify as much as possible...but staying knowledgeable helps decisions and consistent buying evens out basic cost....but I'm not selling like I would stocks....

[@JC-jk3kl]

Bitcoin is a highly speculative asset with zero fundamental value.

[@jamesong4126]

Moved Up but now down by $1

[@tomcastonguay2847]

Thanks, I mostly collect coins. I buy a lot of silver coins. I'm just starting to get some bullion also. I have a good mix of us junk silver but I like bulk lots of mixed world coins.

[@itwasrightthere]

I like the videos with Harry. If they had their own channel, I’d probably just watch that.

[@BENSTACKIN365]

Stacking silver for the last 11 years is paying off$

[@bamahama707]

It's 31.41 @ 1300 CST Thursday, 7/11/2024...

[@tjmmcd1]

@bamahama707: I just checked Kitco and you are spot on, yet this momentary price is STILL $3.71 less than the $35.12 AVERAGE DAILY PRICE OF SILVER for the entire year of 2011. Good news, but 'go figure'.

[@twilightgarrison3671]

Silver and Gold are too high so now I'm entering my Platinum era I think Platinum will be the new thing. I'd rather stack now before it gets high again.

[@Eli-qr9hc]

I could see a rate cut, but not until AFTER November 2024

[@matthewholbrook1265]

Remember, that 50.00 price hsd a catalyst that made the price hit that mark

[@titusyeti2]

Based on history probably back to about 29 bucks

[@justsomeone6835]

Nice sliver is up But Gold 🚀

[@490Believer]

2% is soaring? “Soaring” is at minimum double digits. However, most KZbinrs sensationalize their titles. Some even make flat out lies in the other titles.

[@poultonreal]

"Why save money when governments are printing it" - Robert Kiyosaki 💪

[@Acemanveryspecial]

For whatever reason, the metals all spike up on Friday.

[@dand33911]

Peter schiff.. If you had a nickel for every time peter said metals would skyrocket you'd be a billionare.

[@Username18981]

Not just gold and silver. People are moving to defensive stocks like energy and reits too

[@yutsquirrel3929]

if an oz of silver went to 60k, a normal house would cost 300 million dollars

[@lamarravery4094]

Sort of like when Bitcoin goes to $60k, home prices will be $30 million? Not the case.

[@yutsquirrel3929]

Good point, totally the same thing

[@lotsofthisandthat9791]

Silver is not soaring. Silver hasn’t had new all time high since 1980!!! 44 yrs ago!!!!

[@2Eaglez]

You should never consider the Hunt Brothers play in the 1980s as a real high.

[@annansel2638]

60k?!...in fiat dollars...who would get rid of their PMS if your in hyper inflation?...hold always

[@StellarionPrime]

headed to buy a house for an ounce in the next 10 years (long run) .... not gonna waste my time tryin to find a currency value in the climate RIGHT NOW

[@andymoore8177]

I've told you before that until the manipulators are in prison it will take years and years before silver will do any meaningful spiking. Until enough of you average stackers start demanding prison time for what they're doing, nothing will change.

[@rideplayrepeat3941]

It’s $31 and change. You may have a different definition of soaring.

[@danzwiren1492]

soaring? Hardly, it has been stuck here for nearly 2 months

[@David_389k]

Alas! A system error resulted in the transaction being sent to an invalid email address!

[@Alex中年大叔]

No soaring...still cannot break usd 32😂😂😂

[@demri123]

36 in shanghai

[@jamesboley4275]

Gold will be 5 to 10k an ounce in 10 to 20 years. In 1980 Gold was 350.00 an ounce today it’s $2400

[@IHateThisHandleSystem]

In 2002 gold was only $250 an ounce.

[@IamME-id8mg]

For *_TWENTY YEARS_* from 1984 to 2004 it was under $400! (I wish I would have bought *MUCH MORE!)*

[@DerekWalsh-l4i]

So silver is moving upwards, but it is not soaring. Stop overestimating the rise.

[@MarkGesswein]

You might want to look at the hourly chart for silver and gold today. That spike at 8:30 is NOT normal. To say that PMs are soaring today isn’t an understatement.

[@DerekWalsh-l4i]

@@MarkGesswein So silver jumped 2.0%, and has settled back to a 1.3% rise on the day. I don't call that soaring, nowhere near. To me, 10% or more in a day would be soaring.

[@raygilreath552]

Silver is just getting started we will be seeing a ratio change already are it’s just starting

[@longboardluv2]

"soaring" and nearing an all time high aren't the same thing but i get it you need to make catchy titles

[@shannonzell7028]

WPM stock is at its high along with many other mining stocks.

[@WeeG-bwc77]

Until they stop printing trillions, Inflation isn't going anywhere.