Silver Monitoring Thread $ (USD) only

[5huggy]

[DarkChameleon]

Tesla $1.5b of bitcoin and taking them for cars has pumped up everything today, especially bitcoin but they won't be buying the same tomorrow etc so expect it to fall again.

[sixgun]

An interesting chart i happened to see posted on Twitter.
Pretty quickly i saw 2 cup and handle chart patterns.

The first cup starts off in 1800 and whatever, with the other side of the cup completing in around 1968 - the handle then forms and we see the expected pull back complete in the early 1970's. Then there is the price take off with culminates in the Hunt brothers' blow off top in 1980.

A second cup then starts to form. The cup is complete in 2011. We have been experiencing the handle forming in recent years. Assuming the pattern plays out it is all up from here. We will complete the handle at $50 and then price explodes upwards in a multi-year bull run. We could be looking at $100's per ounce in the end. That might not mean much of course b/c unlike some people i expect inflation on steroids so your dollars won't go very far.

Edited February 9, 2021 by sixgun

[DarkChameleon]

8 hours ago, Witcher said:

there won't be much inventory to buy except for those who sell...  and I believe there may be people willing to "get out" because they bought high in 2011.  
The premiums are high because the wholesale is asking for significantly more to cover for the recent explosion in purchases. 

The premiums have been high since the $12 hit, they wouldn't copy the online trades towithin $2 so ramped the premium up and have never let it get back to the old premium days.

[dwreck]

When do you think premiums will stabilize? When the price goes up? I think everyone seems to be anticipating the price going up so maybe we are in a shake out phase. Or a fake out until this supposive inflation hits hard. Fiat is already dead to me. I only calculate wealth in physical ounces the rest is hubris. Bitcoin is the fastest horse in the race currently. Let me know your thoughts.

[HerefordBullyun]

https://www.zerohedge.com/markets/silversqueeze-hits-london-slv-warns-limited-available-silver

Interesting times ahead.....

Eyes 👀 down on the markets tonight and tomorrow

[feedtaletwo]

I'm predicting that the PMs market will surprise many people, include those invested, with its next significant move, which should be to the upside. We've had a very long multi-year consolidation which has conditioned every to expect more of the same, but this is when markets defy those expectations.

[Tn21]

Good to see ag back at 28 buks

[Kman]

For the past 6 months this has been a good area to buy, will it remain so? if the 200 dma holds maybe, if not its looking more negative 

 

 

 

On the opposite side of things DXY is just getting over the 200 DMA on the daily for the first time since June 2020

 

Edited March 25, 2021 by Kman

[DarkChameleon]

I'd worry more about Janet yellen then the graphs, she opts for a base rate increase and the graphs won't mean anything, if the unemployment rate falls further the pressure will be on, that would drive some commodity investors to bonds again, doesn't take much to get hedge funds interested, they are talking drops or even bubble bursting in graded cards which doesn't sound like much but the offering investments are where the money has been flowing in search of any return above zero.

[HerefordBullyun]

The banking cartel are definately not let Silver get above $26 atm, The amount of times ive seen of late get to 25.9 and then get monkey hammmered down again is unreal!

[GreatBritishBullion]

8 hours ago, HerefordBullyun said:

The banking cartel are definately not let Silver get above $26 atm, The amount of times ive seen of late get to 25.9 and then get monkey hammmered down again is unreal!

It can only be done for so long! Our day will come 

[HerefordBullyun]

6 hours ago, GreatBritishBullion said:

It can only be done for so long! Our day will come 

Yes it was over well over 26 today and been pumped down again today - this is blatent manipulation! just close to being smashed under again - i suspect it will before market close!

Edited April 16, 2021 by HerefordBullyun

[vacancies]

5 hours ago, HerefordBullyun said:

Yes it was over well over 26 today and been pumped down again today - this is blatent manipulation! just close to being smashed under again - i suspect it will before market close!

Held 26. Nice.

[HerefordBullyun]

2 minutes ago, vacancies said:

Held 26. Nice.

Nope 25.853 closed at

[vacancies]

1 minute ago, HerefordBullyun said:

Nope 25.853 closed at

My kitco app said bid price 26.05. 

[HerefordBullyun]

Just now, vacancies said:

My kitco app said bid price 26.05. 

The actual price market is 25.853, the bid may well be above, but look at something like trading view. which is the market Spot price,

[sixgun]

[Spark268]

Electronic silver price up, with the the Comex price up 26c, versus the LBMA price of +16c. 

 

Edited April 27, 2021 by Spark268

[DarkChameleon]

Maybe we should have a separate graph for real price versus e price..im getting $40 for ase's against $26.30 eprice...real difference, even generics are $31 so a $5 jump from e/l to r/l.

[Spark268]

2 minutes ago, DarkChameleon said:

Maybe we should have a separate graph for real price versus e price..im getting $40 for ase's against $26.30 eprice...real difference, even generics are $31 so a $5 jump from e/l to r/l.

great idea !

In feb/march , i was seeing the silver price at around 26gbp /  $36 an ounce. This month its moving closer to 30 GBP /  $41  before applicable taxes.    

 

[DarkChameleon]

53 minutes ago, Spark268 said:

great idea !

In feb/march , i was seeing the silver price at around 26gbp /  $36 an ounce. This month its moving closer to 30 GBP /  $41  before applicable taxes.    

 

Youd think someone on here would have a site or update on real prices versus etf price..even just premium ratio as 26 to 32 would be 23% premium.....gold is 1776 versus 1954 for eagles is 10% premium...showing silvers volatility is double that of gold.

Edited April 27, 2021 by DarkChameleon

[feedtaletwo]

Unwise to buy when the price is over the bollinger band but silver still in an upward trend so possibly still in a correction mode within an uoward trend. vidmate download instasave

Edited May 13, 2021 by feedtaletwo

[Tn21]

Back at 28 buck 🙌

Hopefully it holds 

[DarkChameleon]

Nice bounce on silver, dont know the effect on premiums but still, a nice day to offload a few coins, gold and silver.