HighlandTiger

Bugger that. I want it to get to £50 +, so I can flog off my hoard, stop obsessing about prices going up and down and live a normal life. 😜

People have been predicting the end of the world and the arrival of a New World Order every day of my life , (all 55 years of it), and for decades before. We are told to believe there are puppet masters pulling strings to bring this about. Sorry, but its all a fiction. Humans are just not that good at keeping secrets or putting together long term plans. In fact we're useless at it.
Everything you see today is because the human race is a selfish beast, and because we cant organise a piss up in a brewery, not because of the machinations of an evil overlord. You give the human race wayyyyyyyyy too much credit.
I know that world of PM stacking is conspiracy central, and I know I'm in a tiny, tiny minority that frequent this site, but having been obsessed with and researched conspiracies and other similar topics for over 30 years, this is the conclusion I've come to. 
oh and for the record, pandemics have been around since recorded history began, so to think the world being in lockdown is new, shows how little people know about history. Personally I loved the conspiracy stories that circulated in March, especially the Spanish Flu pandemic being exactly 100 years ago, except for the glaring error in that that pandemic started in around 1916.  
 
However, back to the topic. Silver prices,.......... the world is full of people who believe any old nonsense they can read online, so I think all bets are off when it comes to predicting market movements with regards to PM's

People have been predicting the end of the world and the arrival of a New World Order every day of my life , (all 55 years of it), and for decades before. We are told to believe there are puppet masters pulling strings to bring this about. Sorry, but its all a fiction. Humans are just not that good at keeping secrets or putting together long term plans. In fact we're useless at it.
Everything you see today is because the human race is a selfish beast, and because we cant organise a piss up in a brewery, not because of the machinations of an evil overlord. You give the human race wayyyyyyyyy too much credit.
I know that world of PM stacking is conspiracy central, and I know I'm in a tiny, tiny minority that frequent this site, but having been obsessed with and researched conspiracies and other similar topics for over 30 years, this is the conclusion I've come to. 
oh and for the record, pandemics have been around since recorded history began, so to think the world being in lockdown is new, shows how little people know about history. Personally I loved the conspiracy stories that circulated in March, especially the Spanish Flu pandemic being exactly 100 years ago, except for the glaring error in that that pandemic started in around 1916.  
 
However, back to the topic. Silver prices,.......... the world is full of people who believe any old nonsense they can read online, so I think all bets are off when it comes to predicting market movements with regards to PM's

Wow, Nostradamus, eat your heart out.

March 6th silver was $17.50 then the liquidity crisis
It took until June 25th to get back to $17.50 so I think you can say a recovery through March, April, May and June was steady but not particularly quick 
July 8th is really where silver started breaking out so I'd say it's been an incredible 4 weeks
In 2011 when silver went from $18-50 the biggest pullback was 15%

2011 did have a lot of smaller healthier little pullbacks though 
Silver does look over extended atm but to fall back 30% then take 12-18 months to recover I would be shocked, I'd more expect 2011 45 days ish for the drop and recovery
But it depends a lot on what the dollar is going to do, I think we're a couple weeks away from it going back on a healthy decline 
Time will tell, it's fun to try and predict and guess
I'm happy that silver is going to $50+ in the next two years so anything in the 20s is fine but lower 20s obviously preferred 

Well this is looking good, silver went to £22.74 0100 this morning. I couldn't go to bed I was fixed to the screen lol but even better than that rise is the price now £21.26.  It is Friday and there is a lot of profit taking taking  by the impatient grabbing the little profits they have made.  The big pull back all the pundits have been forecasting for two weeks now is happening now IMO this is it and it is so small.   This is fantastic and confirms my information that 4 big shots are deep in it up to their butts in heavy shorts that are going to take months to wind down.  Hell of a lot of pressure to push up, Monday should be very good.  Have a good weekend everybody and stay safe 😉

$20 turned out to be $23 then the pull back ... i dont see lower then we hit today, friday is the day to get out, monday will be the first day without unemployment extra money...that is going to shock the market here and if we get a shock you get a shock....lol

Yup, Asia pros taking easy profits early morning Friday their time.

It is now quite likely that today’s run up in silver is due to someone having gotten caught on the wrong side of the trade and having to buy their way out.

For the record, if you have $10k in gold, it would cost just under 0.5% per annum in storage fees, which given that most sovs can be bought with a 5% premium, gives you about about 10 years worth of storage for the same cost.
if you have $10k in silver, its just under 1% per annum in storage costs, which considering you pay up to 20% premium on coins, gives you about 20 years of storage.  
So, the options are to either have at least $10k in either metal, or use the platform to get in and out very quickly if you want to trade on the recent big price jumps

I have in the past, but I don't have anything with them at the moment. Although I will be back with them after Xmas. 
Very good and safe company to deal with.
Pros - you can buy and sell within seconds.
Cons - the minimum monthly storage fees which can hurt if you only hold small amounts. 
 

Hallmarked Sterling silver flatware can be bought very easily at well under spot. In the last 24 hours I've bought about 14 ounces of silver at around £17.80 an ozt, thats about 18% under spot.
Whilst any dealer will give you 88% of spot when coming to sell, I'm sure if I offered silver on the forum at spot price or just below, I'd have a few takers. 

Why? just wait till it hits 40.

Is it £50 yet?
 

Is it £50 yet?
 

Is it £50 yet?
 

With my first day off since the lockdown, it's time to tour my favourite antique centres looking for silver under spot, that the dealers haven't got round to changing the prices to reflect the recent up in price.
 
So far, three sterling silver sugar tongs, total 139g for £59. So thats about 20% under spot.
Onto the next centre......

With my first day off since the lockdown, it's time to tour my favourite antique centres looking for silver under spot, that the dealers haven't got round to changing the prices to reflect the recent up in price.
 
So far, three sterling silver sugar tongs, total 139g for £59. So thats about 20% under spot.
Onto the next centre......

It's turning out that me being too lazy to sort out my stack and getting round to selling it, could see me gaining a few extra quid when I eventually get my arse in gear. 
Still after all these years, I'm glad that Vand,  the forums resident broken watch, is getting a chance to crow a little. 
So, does anyone know when we are getting the £50/Oz silver. Just want to know if I can retire early or not.  😃

It's turning out that me being too lazy to sort out my stack and getting round to selling it, could see me gaining a few extra quid when I eventually get my arse in gear. 
Still after all these years, I'm glad that Vand,  the forums resident broken watch, is getting a chance to crow a little. 
So, does anyone know when we are getting the £50/Oz silver. Just want to know if I can retire early or not.  😃

It's turning out that me being too lazy to sort out my stack and getting round to selling it, could see me gaining a few extra quid when I eventually get my arse in gear. 
Still after all these years, I'm glad that Vand,  the forums resident broken watch, is getting a chance to crow a little. 
So, does anyone know when we are getting the £50/Oz silver. Just want to know if I can retire early or not.  😃

I have for many years !!  (............looking at my price per oz average on my stack spreadsheet that is  ) 

If you want to sell immediately £19,but seen bog standard go for £20+

New Ratio
The Toilet Rolls to Silver Ratio  
 

Turns out people seek pasta and bog roll before silver.  Some re-evaluation is going to be needed.