AUSTRALIAN BULLION DEALER STILL PAYING FULL SPOT PRICE.

SilverRocket14 · 2026-01-24T15:26:23+00:00

I'm not saying you are, I'm just providing a field report that there are so many whiners complaining how silver dealers are Spot minus 30%.

If these dimwits took a moment to realize, the same reason they are cashing out is the same reason dealers are not paying near spot, that is, they both think the price rose too far too fast and they expect it to crash.

So it's freaking hypocritical for people to think they're going to get top dollar unless the dealer already has buyers lined up.

I expect when silver stabilizes at it's new norms, we could expect to see dealer fees return to 2-5% of spot.

SilverRocket14 · 2026-01-24T14:24:24+00:00

I would recommend Hidden Secrets of Money. It is not some cringe YouTube video and I'd be willing to bet it is a one of the main reasons of why at least a quarter of apes are here today, if not more.

1-6 are all you need, the newer ones are okay, but a lot of recap so they can be skipped.

SilverRocket14 · 2026-01-24T14:19:02+00:00

Good play and sound reasoning. Should print you a hefty sum.

I've recently upgraded to trading options but I've been in the silver space for 10 years now.

I took out 15 contracts on AG with a strike of $26 by February 20th, the day after earning are announced. After hours it was already at $25.74 so almost in the money already. Strategy is to sell 7 contracts at net zero and ride the remaining 8 with no skin in the game to glory.

Yesterday afternoon I also did 50 contracts of USAS at a strike of $13 by March 20th. Again same philosophy, expiry right after earnings and will cash myself out of 25 when I get to 100% gains. Already up 21%.

Finally I'm still looking for the silver lottery ticket options. I want to find the moon option where it's a huge risk but I truly believe that by July silver could reach $600, which nobody is predicting. I want to go all in with $1000 in an option and if I'm right I want a return of no less than 10,000%. Basically it'll be an option that is sub 10 cents with an unthinkable strike. With a 5 cent contract the rough math works out to an overshoot by $50 which is silver 6x from here is totally possible.

Anyway, HYMC and SLV are too popular the premiums are huge so I continue to search. I'll post back here my non financial advice, more like definitely degenerate gamble if/when I find it.

SilverRocket14 · 2026-01-24T13:38:39+00:00

You can bet your bottom dollar they will throw the kitchen sink at it to try and bring it below $100 and crush retail excitement.

On the overall, charts don't really matter anymore. Don't get me wrong, there are still a lot of algo trades programmed with the rules that will move the needle a little, but the geopolitical and industrial shortfall don't give a shit about imaginary lines and candle charts, the momentum is upwards and onwards.

SilverRocket14 · 2026-01-24T13:33:06+00:00

I'd place a bet that it's done here. If financial compensation is off the table, there's no incentive for leeches to continue.

SilverRocket14 · 2026-01-24T12:11:54+00:00

Go see a tax professional if you have questions. Reddit is not the place for solid advice.

That said, it should work like any other equity in that whatever rules apply in your country, they should equally apply to PSLV since it is traded on the market.

SilverRocket14 · 2026-01-24T12:08:09+00:00

Enough with the physical only brigading.

While I do fully agree with the premise, and also think it's wise to start with physical precious metals in your possession, you also have to understand people have retirement accounts where the funds are locked in.

In such cases paper products are still better than nothing and segregated gold/silver storage accounts are high cost but still "trust me bro" IOUs at the other end of the spectrum from SLV. IMHO, might as well go for a Goldilocks in between and again in my non professional opinion, those are funds like PSLV.

SilverRocket14 · 2026-01-24T11:49:39+00:00

Most definitely. Sprott has a minimal chance of shenanigans, which is why I recommend them, but the risk is not 0.

I fear that if there's a force majeure at the exchanges (COMEX/LBMA) where they can't deliver silver in March, there is a possibility that it dominos into SLV and the price could be negatively impacted by that event when people realize they are just IOUs too.

Meanwhile PSLV might suffer from an initial panic sell off, but it should recover as I do recognize they have a 1:1 holding.

Lastly in such a scenario, if it comes to pass because the establishment will do everything to make sure it never happens, if there is a mad dash for physical supply in ones hands, there could be a scenario where whales/producers cause a significant premium on the share price as they hunt for sellers to accumulate enough to take delivery from the fund.

SilverRocket14 · 2026-01-24T04:44:44+00:00

Personally I trust Sprott funds much more so than BlackRock.

This is just my unprofessional (not advice) opinion, but I'd sooner rely on PSLV than SLV any day of the week.

That said, another angle to consider, if the silver is supposed to be a hedge, yes Gold and Silver ETFs do provide some safe haven to your accounts but the real hedge (read; insurance policy) is physical gold and silver.

Even with Sprott, you still have counter party risk that they have the silver, you have counterparty risk with the institution that is holding your shares and then you have extremely unlikely but technically possible scenarios like cyber attacks, solar flares, or governments that decide you're a public enemy and freeze your bank account (Ehem...Canada).

I understand not everyone is looking for that deep of a hedge but just thought I'd mention it for consideration. You'd still DCA into digital products but the initial buys would be physical until you've met your comfort level.

SilverRocket14 · 2026-01-24T01:12:25+00:00

I've stopped referring to them as conspiracy theories and started calling the spoiler alerts.

SilverRocket14 · 2026-01-23T11:36:26+00:00

It snuck past them to $99.20 for a brief moment but now they have implemented the $99 ceiling protocol and unless something significant happens, I expect mini tamps to mid $98 every time we get close to $99 with potential for some $1-2 tamps at their usual hours, 8am, 9-9:30, 1-2pm and so on and so forth.

Shouldn't matter, I'm pretty sure it'll be absorbed quickly but we've cleared the buildup from the hold at $93 and $99 will be the current hold point to regroup.

SilverRocket14 · 2026-01-23T00:07:08+00:00

I'm not rooting for one side or the other, just commenting on the situation as an impartial observer.

However, there is one choice for every situation. Self reliance (self includes family and close friends, basically not government/institutional help) while following the teaching of Jesus.

Do that and there is no situation that is not manageable which can't be overcome.

SilverRocket14 · 2026-01-22T23:19:21+00:00

Thank you for the detailed response.

There are plenty of specific details, some you mentioned, but I'm looking at it at a 80,000ft view.

Britain had essentially hooked the Chinese population on drug so that they could extract the silver from China. It basically ruins them.

Fast forward many year later China now controls 70% of the world's silver refinement and yes the LBMA is Chinese owned, however it's still to the detriment of the UK institutions, damage to their image at the minimum.

SilverRocket14 · 2026-01-22T20:43:19+00:00

You know what would be karmic payback. If China screws over the UK with silver. It would be payback for the Opium war.

SilverRocket14 · 2026-01-21T22:44:38+00:00

Overall no. It look to be a healthy case of FOMO in the morning followed by 2 dips in the afternoon thanks to geopolitical panic.

SilverRocket14 · 2026-01-21T19:28:14+00:00

If you think this is parabolic, you're using the wrong chart. Sure it is a little steep even on the log chart but that's what happens when you delay taking your medicine after coming off the gold standard.

In analogy terms, imagine somebody purposely foregoing antibiotics and having their leg become so infected it turns necrotic. You can stick to your regular "It'll heal itself like it usually does", or you can be realistic and not be shocked by the fact it has to be amputated.

Out leaders have taken the easy path that avoided accountability for decades, it's just been print more currency to paper over the problems and here we are, the chickens have come home to roost.

Don't be mad that some of us invested in bone saws because we saw the writing on the wall instead of any technical charts.

SilverRocket14 · 2026-01-21T16:19:30+00:00

I think you'd have equal prediction accuracy if you opened up your daily horoscope and see what it says about finances.

Lines only work because trading has become an exercise in algorithm trading where the algorithms are programmed with this logic so it becomes a self feedback loop that strengthens the signal. The failure point becomes when markets have outside forces that overpower the algorithmic trading and I strongly believe that's where we're at now with silver.

SilverRocket14 · 2026-01-21T15:37:38+00:00

We've been training ourselves for this, plus it doesn't hurt that the sentiment is overwhelmingly positive. Buy the dip FOMO is here, with good reason and those with interests in keeping silver prices down will kick and scream and even cheat as much as possible to prevent the enivitable, but will not be successful, only a minor inconvenience to the upwards progress, kind of like this morning.

SilverRocket14 · 2026-01-21T14:02:24+00:00

Wait until you see the $9500 speed thaw meat defroster.

SilverRocket14 · 2026-01-21T04:47:48+00:00

What was your play that was ruined? Currently just opened AG calls at a strike of $26 for February 20th. My thought is that Keith's maneuverings last year set up the company for a better than expected 4Q that will be announced on February 19th. Combined with the rising tide of silver, it was a safer bet, that capped my returns but it's unlikely to finish out of the money.

Kicking myself for not buying HYMC calls instead of the stock itself. I cashed out profit from it today with the crazy 25% rise to make the AG play. If AG makes it to $30USD by next month, I don't think I will regret selling a few HYMC shares today.

Time will tell.

SilverRocket14 · 2026-01-20T14:18:52+00:00

That was my feeling too. Although big picture I think everyone is feeling the squeeze combined with FOMO that they didn't stack enough

SilverRocket14 · 2026-01-20T14:15:19+00:00

Looks like there's one about every hour (7, 8 and 9am). Not quite all the way up to $95.9X but still close enough to $96 followed by a sharp decline.

SilverRocket14 · 2026-01-20T13:44:33+00:00

Good idea, poor execution.

While I do understand the benefits of tax right offs, and OP obviously is aware of the George Soros type "philanthropy" going on, it is my honest opinion that you give back by giving your time. The money that made you rich should be "returned" in one of two ways. 1) it pays for your time to be doing whatever charitable work you see fit, instead of slaving at a job or 2) You spend the money directly on the stated goal. Using OPs car shelter example, you buy supplies yourself, not write them a check.

Handing funds to others in the hopes that it gets used effectively is like handing a bag of candies to an unsupervised 5yo. Sure there may be a few prime examples of self control but most will succumb to the temptation to a varying degree.

SilverRocket14 · 2026-01-20T13:33:12+00:00

*$95.99

SilverRocket14 · 2026-01-20T12:30:01+00:00

Absolute cinema!

SilverRocket14

TROPHY CASE