goldmember44

Thanks to @SilverDrum
Ordered a 1943 Three Pence keyring and got these 2 coins free in the package. 
Great deal! 

Nice batch of shields arrived today from @SVcollector all the way from Greece, slightly delayed by the bank holiday but well worth the wait (as Chris's coins always are)


 

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! 

 

Agreed. I've got a large silver order on going. So I hope the price stays down!

No doubt I've been buying hard lately... When I saw gold making new ATH running like this and silver lagging with a gold to silver ratio 90:1 I bought so much.... If I had access to my gold I would be swapping some for more silver 😁
 
This a great opportunity no doubt

Looking at gold, silver now looks really attractive. It is nowhere near ATH, but beginning to want to follow gold's trend, it seems. Gold will still go up a lot more, I'm convinced, but the safer and smarter buy at this point might be silver.

If Gold gets to $4000 which I think it can and Silver ratio dips to 40 (assuming FX remains the same) we get £80 Silver in the next couple of years.
Bull case lol

Looking at gold, silver now looks really attractive. It is nowhere near ATH, but beginning to want to follow gold's trend, it seems. Gold will still go up a lot more, I'm convinced, but the safer and smarter buy at this point might be silver.

Looking at gold, silver now looks really attractive. It is nowhere near ATH, but beginning to want to follow gold's trend, it seems. Gold will still go up a lot more, I'm convinced, but the safer and smarter buy at this point might be silver.

Looking at gold, silver now looks really attractive. It is nowhere near ATH, but beginning to want to follow gold's trend, it seems. Gold will still go up a lot more, I'm convinced, but the safer and smarter buy at this point might be silver.

Looking at gold, silver now looks really attractive. It is nowhere near ATH, but beginning to want to follow gold's trend, it seems. Gold will still go up a lot more, I'm convinced, but the safer and smarter buy at this point might be silver.

Looking at gold, silver now looks really attractive. It is nowhere near ATH, but beginning to want to follow gold's trend, it seems. Gold will still go up a lot more, I'm convinced, but the safer and smarter buy at this point might be silver.

Items are bullion products, payment via bank transfer, no refunds
 
Sealed Unicore to be sold as one package (1kg,500g & 250g) package (£710+415+210) plus half postage costs 
 
Scottsdale 20oz silver KitKat bar £490 plus post 
Sealed 100 TGE silver bar £80 plus post 
Silver 1oz Maple 2011 £23 plus post 
Canadian 1.5oz polar bear £34.50 plus post 
2024 silver Britannia £24 each plus post 
2010 American silver eagle £25.00
2021 American silver eagle £28
First majestic silver round £22.75 plus post 
Sealed 250 Geiger bar £250 posted special delivery
SMP 250 silver bar £200 plus post 
 
Gold 1/10th Brit 2014 in OMP £400 posted for the pair or £200 each plus post 
Gold 1957 sovereign £435 posted special delivery 
1oz Gold buffalo with copper spots £1800 plus post 
Older style PAMP 10g gold bar £620 posted 

Looks very much like it. Silver playing catch-up.

Looking at gold, silver now looks really attractive. It is nowhere near ATH, but beginning to want to follow gold's trend, it seems. Gold will still go up a lot more, I'm convinced, but the safer and smarter buy at this point might be silver.

dancu.co.uk
 

QE2 full sovereigns available for below spot 
419 each (spot is 422.50) 
please add post of choice

Nice to see silver rising again, and it's good that they're healthy increases. I'd rather see silver put 50p a week on for the next two months than see it spike to £24 this week and just collapse again when the paper owners offload.

To the moooooonn! 🚀

Silver is still dirt cheap, the Gold/Silver ratio is around 88, I won't be getting excited until it goes below 80.

Looks to be making a move: £20.40, up 11.4% in the last month:

A nice mixed bag in today. 
Really like these older Canadian Olympics. 
Also nice to see the difference in 2oz silvers from Australia and Canadian mints. First 2 Oz Australian silver I've had I think. It's a nice one. 

375. 9ct.

Nice 18 inch 9ct necklace, Weighs 19g. Cannot make out hallmark. No box.
£420 delivered.