It will be ok. Nothing stays the same and with your skill level, you will always be fine. New opportunities are just around the corner!
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I spoke with two refiners. The brokers are not purchasing the refined silver. That is why refiners have stopped purchasing silver, paying several months out, or are offering a lower percentage. At $100/ounce it does not take long for the refiner to get cash poor taking in large volumes and having no outlet.
Maybe there is a shortage and maybe not. Either way it seems those that need silver are not buying from the brokers. And that sounds like COMEX has paused. Sure feels artificially inflated.
I’m for trading in silver for gold. And now the dollar lost 10%. If and/or when silver crashes it takes a much harder hit than gold.
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There is a shortage, but brokers will not buy, so refiners have a bunch and will not buy more…
This is so confusing, right? Tell me it’s not just me?
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Beware of drinking the media kool aid. We are told by “experts” there is a shortage. Remember, an experts’ knowledge is based on the past. I have no way to verify a shortage. And the refiners actions speak of a surplus, not a shortage.
And yes, you are correct. It is very confusing and does not seem to make logical sense. I’ve heard the “heads” talk around the issue but no one has cited clear and concise reference for the surge in silver price. In my opinion, if you can’t cite references, it’s likely false or a fantasy.
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We were all fooled by the AI Asian guy who was doing a pump and dump. 
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One thing I don’t see discussed is the effect of heavy-hitter governments—like the US, China, Russia, India, Pakistan, and others—swapping fiat currencies for tangible precious metals.
Our own national debt has reached the point where, with current expenditure levels, the only feasible way to make a meaningful dent in it is through rapid inflation.
Trying to achieve that directly through the currency itself would quickly lead to economic disaster. However, inflating an asset class that is universally accepted as a form of currency—one not tied directly to the value of respective national currencies—offers a potential workaround.
The only hitch is that you must physically own enough of this non-fiat valuable asset to pay off the balance when the note on your fiat-currency debt comes due.
I don’t think this is the sole reason for precious metals’ meteoric rise, but I do believe it’s playing a very significant (if not publicly disclosed) role.
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There is a $20 difference in price between silver in USA and China. THat just makes silver flow to China. We need to block all silver exports like China did. I don’t understand why there is such a big disconnect.
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Seems like an important observation, @nanc9354 . If true, it definitely looks like governments are competing for the physical assets as well as implementing measures to increase the asset’s fiat currency value as it is acquired. Provided this is the case, we could be seeing silver at $300 to even $500 or more in the not too distant future.
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I hope we don’t see another Nixon circa 1972.
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I think it’s probably far more likely we’ll eventually find ourselves back on an asset backed currency than remaining on fiat, or moving to a CBDC basis. Time will tell.
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Yes, asset backed currency would be optimal.
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Now I’m going to have that song stuck in my head all night 
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NO CBDC attached to a social credit score. That is tyrannical.
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With all the recent price changes going on i am also starting to wonder what will happen to the gold to silver ratio. Especially with all the modern extra need for (industrial) silver in mind.
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Ohhhhh that song. Every little girl wanted to skate to it I would be happy to never hear it again…
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Dramatic Development
Precious metals go parabolic
The world’s biggest refinery has also stopped accepting gold! As of this morning, it is not possible to sell or hedge gold or silver in the US.
We must pause business operations for at least this week (until 1/30/2026). We can hold your packages and lock in prices for you once selling becomes possible again, or, if you prefer, we can ship your items back to you at our expense.
This is unprecedented, and we are sorry we don’t have better news. Please refrain from placing new orders for now. Check back for updates!
Thanks for your understanding,
The reDollar management
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IS it parabolic or IS it going to continue to rise? We’ll see.
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Here is an interesting article. The most sense I’ve heard so far.
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I found the comment section at the kitco link to be interesting as well.
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