ArgentSmith

I mentioned this the other day to Roy's comment. 

I had a load of silver with BullionVault. I sold it all last year to pay the deposit on the house. It has appreciated by about 55% in the 8-9ish years I held it. Was stoked with the increase as it's afforded us the house we're in. Missus had similar invested, but more gold than silver and did equally as well.
Enables us to be able to have a decent house with a mortgage that is achievable and not over stretching us. 

@ArgentSmith would you say the majority of silver stackers are still living at home with their parents?  

Im mortgage free Dave so none 😁

Im mortgage free Dave so none 😁

Im mortgage free Dave so none 😁

Who buys silver in 3oz tranches and takes the day off! 🤣

Im mortgage free Dave so none 😁

Im mortgage free Dave so none 😁

Im mortgage free Dave so none 😁

C'mon, play the game!
James allowed me to stay up late 😇

Im mortgage free Dave so none 😁

Im mortgage free Dave so none 😁

A collective effort should be made to have them banned. Nobody likes losing money but going out of your way to try ruin someone’s life because they have a cheaper product than you is kunt behaviour.

100%

No, market manipulation,  monopol. 
They already tried this with me, begging me to increase my prices (I have the messages) 
When I refuse them they start attacking me on the forum, than they wrote to Chris requesting to be banned and finally when they saw nothing worked they grass me to HMRC (the questions were relevant to this forum)
Lovely innit?

I'm just confused why you're all still awake. It doesn't feel right
£24.83

Im mortgage free Dave so none 😁

Who buys silver in 3oz tranches and takes the day off! 🤣

Who buys silver in 3oz tranches and takes the day off! 🤣

Who buys silver in 3oz tranches and takes the day off! 🤣

Who buys silver in 3oz tranches and takes the day off! 🤣

Who buys silver in 3oz tranches and takes the day off! 🤣

I'm having issues trying to post so I'll keep it brief, maybe 😂
Silver is not only being hoarded and stacked like gold. Silver is being consumed in large quantities. According to the Chinese, the price needs to be a minimum of $100/oz to make recovering the consumed silver economically viable. For China a boom in silver is considered a positive outcome whereas in the west a boom in either gold or silver is not looked upon favourably by the "pet rock" crew at the central banks and TradFi behemoths.
As @sixgun said there are silver deficits. What the magnitude of those deficits are and the balance between east and west, it's hard to say. I like the really boring nerd guy at CPM whose videos get 0 likes when I post them. He's been doing this for 40 years and called bullshit a few years ago when everybody was saying the vaults are empty, the COMEX has no more silver, etc. He was right then. He is now warming to the idea of silver shortages, or perhaps more accurately, a shortage of 999 good delivery silver that's available today. There is no shortage of silver but there is a shortage of the type of silver that people want within the timeframe they want it. The imbalance this year between supply and demand is about 40% of the total production in 2023, that can't be ignored especially when deficits have been compounding in recent years

The fundamentals on silver are solid. In the grand scheme of things $31/£25 is nothing, we're still £5 short of the highs from 2011. There's been a tiny bit of expansionary monetary policy and inflation since 2011. You could pick a figure between £30 and £100 for the true inflation-adjusted price since 2011 and I would probably believe you. According to shadow stats the inflation-adjusted price in 2011 was $67.50 and today even with the boom it's still trading at less than half that.
 

 
You can use different figures and get an inflation-adjusted ATH of $189
Anyway, you're totally right, silver is more of an industrial metal than a monetary metal but silver is unique in straddling both of those markets. A lot is talked about the catalysts for the recent price moves in metals. I mentioned one a few months ago that doesn't get a lot of headlines. So one of the main reasons metal prices are so easily manipulated is because the miners and refiners are complicit. They agree to sell their silver in advance in exchange for money now, often selling their finished product at a fraction of spot. Famously some hedge funds and investors have secured options on silver well below $10/oz, which is staggering when you think about it, right? 
So the miners, producers and refiners have had enough of selling their product below market value. Several started to go "naked long" a while ago, refusing to play the game of options and derivatives. Some people might remember the hilariously witty remark I made about finding excuses to keep using that phrase - naked long. I wanna go naked long, don't we all, eh? The people mining and refining the silver control the market if they are brave enough to take the bull by the horns. It seems like a no-brainer to people like us to go naked long on silver but with silver being volatile and the world steeped in uncertainty, doing so is not without risks. I wouldn't be surprised to hear that one of the factors that led to the west losing control of the metal prices was the major producers refusing to dance to their tune. Why not go naked long if China is paying a hefty premium on silver? It seems like a better idea to flog silver to China for $25-30 rather than sell to a Wall Street suit for well below spot
Sorry mate, I was always going to go on an extended rant. I'm done now that I've read the latest from bullionstar. Wow, they've been reading the GMT and SMT, stealing all our best ideas, and consolidated them in one article. This is one of the best comprehensive and free analyses of silver I've come across in a while:
Why a Powerful Silver Bull Market May Be Ahead (bullionstar.com) (written 20th April 2024)

How much for the noisy clock?

£60ish