timsk

For a 25 coin tube, you can sell them to me for £590.00 to include RMSD. You can have the money in your account by the end of the day! 👍

I think you've made the exact same point as me, theman73. That's why the situation is so incredibly dangerous: if the U.S pitches in to support Israel and Russia pitches in to support Iran, WWIII is the next logical step. When the markets open tomorrow, we'll soon see whether or not they share this concern. If they do, the tiny silver lining on an otherwise very dark and ominous cloud is that precious metals prices will soar.

Iran Vs Israel. If Israel responds to last night's attacks by Iran, it's easy to see how the conflict could escalate and other countries get sucked in. Biden has pledged U.S. support for Israel and, doubtless, we in the U.K. will do something similar. If Iran starts to struggle against the combined might of its foes, Russia will - likely as not - come to the aid of its beleaguered ally. Under those circumstances, WWIII is not only a distinct possibility, it's a probability. What's desperately needed is someone with the leadership, gravitas, moral backbone and authority to step in and get everyone to see sense. Sadly, there's no world leader who fits the bill.

Hi Petra, Out of interest, when one buys a 1/40 oz coin from the Royal Mint - does it come supplied with a free loupe so you can see it? 😉

Without wishing to teach granny to suck eggs or to take coals to Newcastle, it's worth reminding ourselves, I think, of the key drivers of price rises in precious metals. The most important of those that doesn't get mentioned too often is 'Risk On : Risk Off' (RORO). For my money, the rise in the price of gold is due in part to the increasing unstable global political situation, with the war against Russia that the west is clearly losing and a rapidly deteriorating situation in the middle east. When Ramadan ends this week and the Iranians exact revenge on Israel for their attack in Damascus - which they surely will - then Israel will escalate what is set to become a tit for tat exchange. This could easily - and quickly - get out of hand and WWIII could soon be upon us. Let us not forget that both Israel and Iran are nuclear powers. Sadly, we live in extraordinarily unstable and dangerous times. To conclude, if the situation continues to go from very bad to even worse in the region, then I think its very likely that gold will continue its rise and drag silver up with it. As much as I would like to see the price of the reflective metal go 'to da moon', I'd far rather see a sudden and uncontrolled outbreak of peace and love - even if that results in the collapse of precious metals prices.

I'm confused MBTPS! Market prices will vary a little according to the data provider - but that's over a £1.00 difference - which is insane! Out of interest, where are you getting your prices from? I'm using a TradingView chart and Oanda for the source data.

Whoa - hold your horses MBTPS - It's gotta breach the August 2020 high of £22.72 before that claim can be made!

From HMGS's vid' above, the speaker signs off with: "Try to do something good in the world". I'll drink to that - if only all political leaders around the globe would do the same! A start would be if they committed to: "Try not to do something bad in the world". Pigs can fly.

Very true James. However, what we do know is what price has done in the past and, as I highlighted recently on the Silver Monitoring thread, silver has been around the £21.00 level no less than six times in the last three years. So, the balance of probability dictates that it will do something similar on the seventh occasion - i.e. now - as it's done on previous occasions - especially if there's a pullback in gold's price which is virtually guaranteed! 😉 Well I'm glad you agree that my offer to stackerp5 is "an amazing deal"! 😆

It's dropping off a bit today, stackerp5! 😉 It's been dragged higher - kicking and screaming - by gold's massive surge throughout March, which now appears to be running out of steam. If (not when) there's a decent correction in gold, the price of silver is likely to waterfall back down from whence it came. This is probably the reason why the good folk here on TSF aren't biting your arm off at the ankle! All of which brings me to the point of my post which is to say that my earlier offer to buy the tube of 20 ASE's for £475.00 to include RMSD - is still open.

. . . I can - as the parcel's turned up. Hurrah! The ICON coin is an absolute pig to photograph as one has to get the angle and light spot on in order to see either the text or the image. If there was a TV competition for photographers along the lines of MasterChef - then photographing this coin would really separate those who can talk the talk from those who can walk the walk. Definitely one to test the skills of someone like Charliemouse! Anyway, here are my feeble attempts - along with the KCIII bar . . .

I'd like to post to say that today I've received a 2024 Vincent Van Gogh Icon Tokelau 1oz Silver Prooflike Coin and a 2023 Royal Celebration Royal Mint 1oz Silver Bullion Bar from Martin at Silvertrader - but I can't. Good ol' Royal Mail has delivered the parcel - just not to me. The out-of-focus 'proof of delivery' picture is just a close up shot of the package with no surrounding context - so it could literally be anywhere. I've lodged a complaint with Royal Mail - but will have to wait 10 days to two weeks before I find out what has happened to the parcel. Fingers crossed it's on a neighbour's doorstep and they hand deliver the parcel to me in the meantime. Grrrrrr!

I don't want to be a party pooper or trample on anyone else's parade etc., nonetheless, I think those of you who are thinking the moon rocket has taken off are being a tad premature. Sorry! 😉 The weekly Heikin Ashi chart below shows the channel (in yellow) in which price has been bouncing around for the past three years. The blue arrows show price having visited the top of the channel, i.e. where it now is (give or take a little), no less than six times since the tail end of 2020. The point being, there's nothing that price is doing now that it hasn't done many times before. Given what gold has done in the past month, one could make the case that silver should have done considerably better than it has and that if gold pulls back from its highs (very likely), silver could easily waterfall back down towards the bottom of the channel. So, from a technical analysis perspective, before I get too excited, here's what I want to see price doing . . . A. A clear breach of the top of the channel at £21.00. This doesn't mean sticking it's nose above and immediately pulling back inside the channel, it means spending at least one week above it. Ideally, it would push up to the August 2020 high indicated by the teal coloured line. B. Then I want to see price pull back to the top of the channel and for that to act as support. Price can stick its nose below £21.00 - but I don't want to see a weekly close below that level. C. Having established £21.00 as support, price then pushes up and repeats this process at the August 2020 highs (teal line). If/when price establishes this as support (it's currently resistance), then I'll get excited about it 'going to da moon'. To summarise, the current price level of circa £21.00 and the August high indicated by the teal coloured line are currently both resistance levels. Both of these need to be turned into support levels before there's any real prospect of price moving substantially higher. (NB: this all assumes 'normal' market conditions. If NATO wades into the Russia / U.S. conflict or Iran wades into the Israel / Hamas conflict, at which point nuclear war becomes a very real possibility - then all bets are off and the above goes out the window. But, under those circumstances, so does everything else. 😞 ) Unless and until the above happens, it's more or less business as usual, IMO. In fact, price was at the same level (as it is now) this time last year (spring 2023) and ditto for the year before that (spring 2022). Needless to say, just my £0.02p worth!

Unlikely. It's near the top of the channel it's been in for the last three years. Unless and until price breaks out of said channel, i.e. above £22.00 - it's just business as usual - nothing to see here, IMO.

If everyone accepts that silver is a ___________ metal (not sure of the technical word) that reacts to its environment and changes over time, and that anyone and everyone who stacks/collects it is in the same boat then, my question is: does it matter?