ALERT! 🚨 Silver Price DROPS 7% - How Low Can it Go? Silver News Update
Вставка
- Опубліковано 26 вер 2024
- Silver price is down and gold price is down considerably today. Silver price has dropped almost $2 and Gold price is down over $60 in one day! Will silver and gold price continue to move lower? is the rally in precious metals over? I talk about the silver news and gold news and where I think precious metals can go from here. Why is silver down? Why is gold down? The data that was released today suggests that the FED may not need to cut rates soon and this drove the USDX higher. What should we do with the lower silver prices and gold prices? I like to buy the dips and continue silver stacking while the metals are moving lower. I look at what some analysts are saying about silver price and gold price in this video. Where do you think silver price is headed?
✅ Silver Dragons Backup Channel:
bit.ly/3IkOAT1
✅ Check Out Silver Dragons on Rumble:
rumble.com/Sil...
✅ Buy Silver & Gold From SD Bullion
sdbullion.com/...
✅ Check Out Silver Dragons on Instagram:
/ silverdragons47
✅ SIGMA METALYTICS PMV DISCOUNT:
rb.gy/aqtojb
✅ www.dirtymansafe.com
dirtymansafe.w...
Discount Code: DRAGON10
✅ Contact:
silverdragons47@gmail.com
✅ Silver Dragon's Website:
silverdragons4...
Thanks for watching!!
Disclaimer: Some of the links are affiliate links where ill earn a small commission if you make a purchase at no additional cost to you.
Topics I cover in this video: silver price, gold price, silver news, gold news, silver price down, gold price down, silver price drop, gold price drop, silver stacker, silver stackers, silver stacking, silver stack, silver and gold, gold and silver, gold news, silver price down, gold price down, gold price all time high, gold price update, silver price update, why is silver down, why is gold down, silver price change, gold price change, fed rate cuts, silver coins, silver bars, gold coins, gold bars, buy gold, buy silver, silver investing, gold investing, buy silver and gold, invest in silver, invest in gold, precious metals, precious metals investing, invest in precious metals, silver, gold, coins
#silver #gold #silverstacking
Remember no one in the government is on your side. Buy and stay on your plan.
you and your neighbors are the government
💯
That total non-farm payroll employment number is a lie, bet on it.
How can it be wrong with 20mil illegals now in the country !!
ANYTHING the government tells you is a LIE!
The whole datas are lies from start to finish. You can make numbers suit what you want. For instance you downplay the jobs numbers knowing the outcome will be bad and worse case scenario they end up like that and the markets won't move but if they're better (or at lezst not as horrendous as you thought) then it's a bonus.
But this is something that goes on in every country not only the US.
Anyway why would US job numbers have an impact on gold or silver ? We're talking about a country of 350 million people who don't particularly like precious metals historically. I'd look at China and India who make out more than a third of the worlds population to see how much they're buying.
From the data coming out of Chin, even though the central bank didn't buy any in may consumers bought huge amounts and we're talking about a country with a population five times greater than the US.
The chinese are taking their money out of stocks and allocating them to gold and silver. No wonder, look at the Shanghai stock market index and how low it is.
I'm favoured, $22K 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.
Same, I met Mrs Anna Davis last
year for the first time at a conference in
Manchester, after then my family
changed for good. God bless Mrs Anna
YES!!! That's exactly her name (Mrs Anna ) so many people have
recommended highly about her and am
just starting with her 😊 from United States
She is really a good investment advisor.
I was privileged to attend some of her
seminars. That is how I started my
crypto journey
I have heard about her excellent trading
expertise in CNBC news, guess she's more popular
in United Kingdom.
Yeah, 253k from Harrick maureen, looking
up to acquire a new House, blessings.
270,000 today but will be revised to 40,000 in 3 months and no one will notice or seem to care.
"The Market can be irrational for longer than you can remain solvent."
When the liquidity runs out.🎉
Amen
💯
These job numbers are always revised, and more often than not, they are adjusted way down. Wake up to market manipulators people!
I was going to comment this as well. anyone who believes this is nuts
I bought an oz of gold today when it dropped under $2300
Employment always increases during summer months. Mostly part time student jobs or hotel jobs during the vacation months. Nothing too exciting.
government numbers are lies...wake up we live in a deceptive, delusional world...we are trained to believe the numbers are what move the markets...nonsense with a mixture of arrogant idiocy
Indeed predictable.Yet they fear monger us everyday with this content
Pls guide me I'm in huge loss , silver $28 it will come down. Further
@@haleemasadia9622 I will be buying more as the price comes down. We are 34 trillion in debt and adding a trillion more every 100 days. We are heading into a very bad place. I believe it will recover soon.
Yes and some KFC mac an bk jobs
I am definitely buying today, I just got into stacking a couple of months ago and I’m now at 400 ounces
Same got 400 bought in march buying more today
I started stacking last Friday with 40 rounds and picked up 60 more today. Lovin the dips!
@@mikeclark7332 Move to the 10 oz bars or bigger FAST- rounds are for suckers-its how coin shops make their $$. They turn 10 POUND bars into rounds and sell em at max price. Buy the bars and avoid rookies mistakes okies. I buy in 10 oz to 100 oz bars now and avoid the premiums.
Those numbers are 🐑💩
I'll give it 100% chance of interest rates coming down by election for obvious reasons.
MAYBE A .25% DOWN IF YOUR LUCKY.
@@ScottOuellette-p1d You haven't been paying attention to this "administration" I see.
Hilarious. One day it’s how high can they go, now today it’s how low can it go. 😂
Silver spot might be down but the premium is higher from the online dealers and then you get all the “buy the dip” emails from them.
JM bullion has several deals on premium discounts
This guy was shouting when it passed thirty, and now he's shouting again now that it's below 30. So what? Buy what you like. Like what you buy.
Sorry guys, I bought $500 of silver yesterday lol
Could you buy again today, please?
My life story!
it is impossible to time markets. it will go higher. stay on the path 😊
I'm selling my 58 Martin for $ to get "S"!
Shouldve bought morgans bro they will beat silver. Or ctrm
Lmao...people still believe government numbers.
😂💯
❤❤❤❤
Idiots, how can anybody believe a word they say.
That's OK, they are putting silver on sale for us.
People are stupid.😂😂😂
I can’t seem to play it right. Got an order ready yesterday just as price start climbing when markets opened so waited to see what happened overnight. Saw a nice drop overnight and then plateaued around 730 am. Hit the checkout button and watched in disbelief at 8:30 as price plummeted. Maybe next time.
you already know that you and no one else can time the market. why are you telling yourself : maybe next time.
Time to buy the dip.
no
@@PlasticPelletswhy
@@YackaSnacka going bankrupt
Not enough of a dip yet
@@dmtaboo_truth7052 True, will likely be put back at $26 where they will keep it for a while. You will retire a millionaire!
I'll take a dip to buy more, but anyone who thinks the metals manipulators have somehow lost their ability to control the PM spots is delusional. It's business as usual.
At least silver beats inflation over time
@chuckfinley3152 Unless you bought in 2011. Then you are way behind even without taking inflation into account.
@@my3dviews if you speculated and put everything at once into silver in 2011 you'd be in trouble. If you used a dollar cost averaging strategy since then and continued to buy throughout that time you'd be in great shape today.
If you are 80 you are good
@@my3dviewsnot even close when the ratio can go to 15, which is 154 an ounce . That’s assuming gold stays where it is which it won’t, it will go higher
Time to buy
STACK STRONG 💪🏼 everyone have a great weekend 🤪
Love when it goes down! This just means I will have a lot more silver when the economy (which has not changed to the better) breaks down and price sky rockets up.
The economy does not decide price though. Banker manipulation does. So why is it good again that the price is suppressed?
@@rickstalentedtongue910the Zio bankers, yes
@@rickstalentedtongue910because unlike a lot of people on these videos, lots of people haven't had 40 years to buy metals at low prices. Lots of greedy selfish people want everyone else to suffer
How is it getting wrecked? Price went down like 2$? That’s not very significant, not even remotely. People are cashing out at roughly 30$, I don’t know why. By and hold.
It went down nearly 7%, that is big for one session. All this after the talk of returning to $50 and a 30 dollar floor that just busted out like the buttons on Oprah's pants.
@@rickstalentedtongue910 probably rebound $1 tomorrow...but who knows, strange times we're living in.
It means they played everybody and are dumping on them.
It’s people who don’t get it, buy the hype, sell on panic. They always miss out.
It’s also a Friday. That always works as an accelerant, whichever the direction of the moment is. Monday will tell us if it’s a drop or a direction.
There is a Friday every week, and the hammers tend to come in force on Friday.
In South Africa, if you buy silver, after all the premiums it costs $45 per ounce. But if you sell silver you only get $23 per ounce.
Didn't the blacks take control of south Africa again?
thats hilarious
So you need to sell directly to other buyers for cca. 35
@@stevestevens502 It is not hilarious, it is extremely sad. You should also realise that all the globalist restrictions on trading silver affect you personally. Just because it is free in USA - do you think the global price and supply doesn't matter?
I’ve been in the metals market for about 15 years now and it’s all been a gigantic joke. Not protecting me from inflation. It is done absolutely nothing The people on these videos has said it would do.
They just keep predicting rain
Fyi.. it goes up, and it goes down, yall.... and then it'll do it again...snd again.. and...
until the dollar crashes
Yeppers and even when dollar’s crash it will still go up and down .Up and down
But it never stays up.
Great video. Thanks for sharing SD👍
😂Regardless, I'm buying the dipset, storing away and forgetting!🎉
Im with you on that!
I appreciate all your due diligence in keeping us informed S.D, Thank you!! ❤
I love it.! Made another order today ahead of my planned order next week🤣
😂😂😂😂😂😂
Me too
@@e.t.preppin7084 what’d you buy? I just grabbed four 1oz rounds and a Morgan
Never believe what the government says ,last stich effort to prop up the dollar all being manipulated. Good buying opportunity.
A Black Swan will change everything. I think one is due!
When Saudi arabia dumps all their petro dollars USD back on the market then silver will shoot through the roof😊
Beside the economic data in the USA, there was a huge report that China didn’t buy any gold in May. That’s the two main reasons why metals were down.
Hello Silver DRAGONS
I bought at negative 4% thinking I bought the low only for it to tumble further. 😅
It looks as though this may have been foreshadowed. Silver Dragons showed in this video how the dollar jumped at 8:30am Eastern Time but silver had dropped hours before this. At 3:30am Eastern, silver was at 31.34. It dropped to 30.56 at 8:00am Eastern. At 8:30am it started dropping until it reached 29.39 at noon Eastern..
Good news for all of us that are dollar cost averaging
Keep telling yourself that to feel better. Buying low is always the best strategy.
@h2o100c thanks, Captain Obvious. Of course buying low is the best strategy. Some of us poors don't have the option to put down large amounts of cash on a regular basis, or hold onto it until the market is low enough to make a move. I would recommend having empathy
Just like the stock market
But online sellers are taking advantage of people by not lowering the price. Buyers are at loss when its dipping and still have higher rates online.
looks like strong demand zone around the $27.70 level on silver
Thanks for the report.
Good time to buy ❤
EU and Canada have already cut rates So... pretty much expect the FED to cut 1/4 point. Sept.
It's rigged.
You get an A, the rest get an F for effort.
The dollar magically goes up........ yeah ok lol
Knew I should have sold at $32
No rate cuts this year, rates should remain the same from now thru next year, have to grow and stabilize the economy. Good for all of us
Watch when banks start collapsing, they’ll cut…
dreamland
Have you heard of politics?
I agree with politics portion of the statement about freezing rates. If anyone thinks ours or any of the world's economies can be grown or stabilized then that person is living in dreamland. The financial health of the U.S. is twice as bad as its ever been. Most of the world's largest economies are on the verge of historical collapse. The propaganda and lies in opposition to truth continue unabated. PLEASE WAKE UP PEOPLE...enslavement and total control of everything and everyone is an ultimate goal of different groups of elitists and "they" are insane and evil beyond the average persons imaginations or desire to know or reveal!
Doesn't matter, not in it for the gains.
Your the only "Sane" one here!
I want another gold buying opportunity.
When I think back to when it was under $300, I get sick! I was buying. ....but selling as it went up. I should have kept a bunch.
Soon come!
Oh you will, more good times to come. You will be celebrating all the way down to 26, and crying when it remains stuck there.
Awesome Star Wars splice!
About to buy 1/4 bar of gold, waiting for the big dip
Yes!! When the price suddenly started to take off end of last month, I thought I missed my chance to stack. So relieved to see it coming back down a bit. 😆
Next week another 20% off of silver. And after that silver to $17 long term. Good days ahead!!!
I picked up 2 coins and a germania this last week. Then I got a britannia today 6-7-24
I’m definitely putting more into gold & some silver as a hedge against inflation.
I bought earlier this week as it dipped below 30. From talking about how high it will go to how low it will go in a few days! I'm a new stacker so all that matters is getting a decent stack going.
Silver and gold aren't getting crushed, the froth is being cashed in by the paper contracts.
When these spurious non delivery contracts get banned, genuine supply and demand prices will stabilise.
When the price gets a bit too much for us, we take a breather and get ready for the next dip.
The lower it goes, the more I buy!!!
Silver should really be at around 325$ an ounce. If gold is 8x more rare than silver so that means you take 2500$÷ 8= $325
Wrong, because Gold should be 40,000. Now do the math.
@@rickstalentedtongue910 Yes if you get rid of all Paper fiat. If the dollar becomes worthless they say gold goes to 27,000. Lol 😂
Best part is even at $29 an oz. I am still $20+ above 80% of my stack.
Used to volatility as a result of stock trading. Investments react to many things, i.e., domestic and international events. Short term ignore. Long term is the destination.
Yes...stock and crypto will harden your nerves. Or detach you from reality with you're relationship with money. Not sure which one... either way, makes these flash dips more tolerable.
The vast majority of my silver stack was purchased when the price was around $14.
With the exception of a roll of pre-65 dimes here and there, I refuse to pay anything about $20 for more.
If it never gets there? So be it! I've got too much to carry in 'one trip' now!
Same here.
Bought a few tubes today 👍👍
We are still worse off though overall...Economy has shown resilience, but the reason rates are above average is that inflation has been a persistent issue. Now high inflation, high base metal prices. When interest rates finally do come down, it will be because of disinflation/ benign inflation levels. So essentially precious metals lose their appeal then! Can someone help me understand why this thinking may be considered wrong or right...? He is right about the inverse correlation between dollar strength and silver prices though.
You can spot the youtube clickbaiters pretty easy these days. Every other day its a "How high can it go?" or "How low can it go?". You don't believe me? Go check out the recent videos. These youtubers have no idea what is going on or what will happen. So never take opinion from them as truth. Silver is way undervalued. It should be at least $200 per ounce. I'm being very generous to the manipulators with that figure. So it is downright manipulation if it goes this low. Also wee saw it go up about this much a few weeks ago. The Fed is between a rock and a hard place. They can't cut, because we will then go into hyperinflation. They can raise, but they will crash things. Staying the same only keeps kicking the can down the road until things crash. They may try to cut at some point (we knew it wouldn't be 7 this year), but they really shouldn't do it, but also that is usually the way central banks eventually go and it hyper inflates the currency.
Just bought 100 oz today
You're welcome! All of you, you're welcome. Lol i have to sell, i dont have a choice, so naturally day of it goes down over 2 dollars... that wouldn't have happened if i was able to hold. But because i had to sell life is like ya nah drop the price! Haha so ya, you're welcome, i triggered a buying opportunity for everyone! Lol
TY
Stopped at my LCS today. Got a 1931 S wheatie and 18 silver dimes. As soon as I finish filling my mom's childhood wheat cent book, minus 1909 S VDB, I can focus on silver again!
crown pattern at top will be the same in NG next week........upmove volume was missing..shorted at 94...covered at 92...missed move to 89k....
Earlier this year, silver was at 22. I'm good.
And $18 in the Autumn of '22. I know because I had to sell some of my stack to move to a new house.
I can't believe you finally see they won't cut this year. I like your channel but have always wondered how you couldn't see this for a year now.
Still buying, but paying very close attention to the charts so I make sure to buy on the dips.
Very Interesting!
I anticipated a weekly close under 30, waited and stacked up on Keith Neumeyers stocks :)
Can someone explain to me the theory of lower interest rates equalling higher PM prices because Canada and the EU just cut rates and PM prices in those currencies haven't moved, if anything they have followed the US dollars movements..
Open to hear what you all have to say
It's BS! PM's only move when the markets crash! When markets crash, the "Big Money Guy's" have to put their cash somewhere. That's usually in PM's.
I'm not worried about the drop, I'm stacking for the long haul. I just bought more silver for my stack on the dip.
More time to keep buying precious metals!
Perfect analysis.
I watch this while driving to my LCS!!! Buy!! Buy!! Buy!!
Those numbers will be revised down in the future. No rate cuts this year. Possibly rate hike next year.
Yay!!!! I was waiting for a good buy time. They always go up and down settling out higher than they were. And they dollar getting stronger doesn’t necessarily mean it can’t still outpace the dollar over time… or does it 🤔? I only have been stacking for 2 months what the hell do I know other than what I learned from you lol.
It‘s nerve challenging but I don‘t see any fundamental change, so everything‘s fine
Morgans are mine today!
I’m waiting till silver drops as low as possible to start buying again. I don’t trust the market.
I buy no matter the price. But I'll always take advantage of a dip in price, even if it's an un-scheduled purchase.
Fantastic been wanting to buy a 100oz silver bar for some time
Glad you did a video. Well done!
Lower prices help my stack grow! I definitely dont think it will stay low forver!! Lol
People taking profits on the paper market. It's almost time to buy when it goes down more
$26 silver is a real possibility. Keep your powder dry.
Wating for 25 to 26 and will buy more
The premiums on silver this dip means very little
That's true a monster box does reference to ASE's...but it also references to a box of having 500 oz's of silver in said box...regardless of what form of silver it is as well...pertaining to weight...and not necessarily ASE'S...Just a little food for thought...smiles
The petrodollar ends Sunday... international dollars will be returning making inflation way worse... Hard times coming! Stacking only silver... 😊😊😊
And they will still crush price, manipulation does not concern itself with data.
So when is the best time to buy gold and silver?
Gold $2150 silver $24 at the end of the year.
I am prepared for when the silver price hits zero.
It’s because of the nonfarm payroll report. It was 165k expected and it came out way above at 272k
I still think the ceiling to break is $30.
already broken...blatant manipulation making it appear the dollar is worth more than a penny
You know what is causing this. Bravely call it out.
LMAO...she dipped down to 29.09...$2.25 less per oz today...and I added another $10 FV of 90% mercury dimes to the stack enough to finish my 6th monster box...thank You Holy Spirit...smiles
Monster boxes is a reference to ASE one oz. coins.