Silver Monitoring Thread $ (USD) only

[Mattaphysics]

So I know this is like over a year old but isn't it interesting to see the price of silver had almost doubled since this. What do we see happening with silver next year? The Fed will be raising rates putting headwinds on the price while inflation is spiralling out of control. Which will win? Maybe a 20% gain in silver over 2022? Will it sink or will it float?

[Paul616]

Obviously difficult to say for sure but I would (have!) put my money on silver to go up in value. I'm happy to sit on my little stack and keep adding to it as and when funds allow!

[metalsforthewin]

On 25/02/2022 at 17:17, Lr103 said:

Welcome to the forum!  In the US I like @BullionExchanges and SD Bullion when it comes to price, and APMEX for selection.

It’s also a good idea to introduce yourself of the Welcome New Members thread. This forum is a great place to buy as well!

 

On 01/03/2022 at 06:44, Johnboysilver said:

Hi bob welcome aboard 👍this form has loads of great information and  really nice friendly helpful people 😁😁

Thank you!!! Looking forward to being a part of this great forum!

[HerefordBullyun]

Wonder if there is any truth in this article. Or just a gold bullion sellers marketing twist....

https://www.zerohedge.com/news/2022-03-09/not-silver-breakout-youre-looking

[HerefordBullyun]

We are at critical levels now, I was listening to morgan report the other day and he was saying if we stay below 21.50 handle theres going to be world of pain for silver. Every commodity is being ragged stupid due to USD strength. 

Edited May 10, 2022 by HerefordBullyun

[Roy]

Like today, the 1970s suffered from inflation.

Silver still underperformed as a hedge.

Ignore the Hunt boom of 1980.

[Raindog]

I, like many people that monitor the precious metals markets daily, really get the gut feeling that the silver market is being manipulated.  By whom or what, we don't know.  It's just that things don't feel right.  Do you have the same feeling in the UK?

[Zhorro]

On 25/07/2022 at 17:39, Raindog said:

I, like many people that monitor the precious metals markets daily, really get the gut feeling that the silver market is being manipulated.  By whom or what, we don't know.  It's just that things don't feel right.  Do you have the same feeling in the UK?

An interesting article on the manipulation of the silver market:

https://www.adamseconomics.com/post/conquering-silver-market-manipulation

[EdwardTeach]

The Silver Christmas Squeeze has BEGUN!

https://rumble.com/v1lfeyd-the-silver-christmas-squeeze-has-begun.html

[DarkChameleon]

On 25/07/2022 at 12:39, Raindog said:

I, like many people that monitor the precious metals markets daily, really get the gut feeling that the silver market is being manipulated.  By whom or what, we don't know.  It's just that things don't feel right.  Do you have the same feeling in the UK?

Have you read coinworld?, they state the group of 16 who get exclusive purchases rights to ASE's buy for $3 over spot per eagle but sell onto the suppliers we get from for $12 over spot..that is price fixing, massive profit margins only by fixing sales, no competition with the gang of 16, just fixing the price of eagles through back door deals with the USMint.

[Tn21]

16 hours ago, EdwardTeach said:

The Silver Christmas Squeeze has BEGUN!

https://rumble.com/v1lfeyd-the-silver-christmas-squeeze-has-begun.html

sounds like silver squeeze 2.0 

hopefully it does not go anything like the first silver squeeeze

Edited September 26, 2022 by Tn21

[EdwardTeach]

6 hours ago, Tn21 said:

sounds like silver squeeze 2.0 

hopefully it does not go anything like the first silver squeeeze

I would say the first silver squeeze was a partial success and it's still happening now. If you look at the Comex and LME invetory there is lots of silver leaving which is not getting replaced.

[LawrenceChard]

On 28/02/2019 at 22:46, 999magnum said:

Don't tell wonger about this page.

On 28/02/2019 at 23:37, Wonger said:

😀

Why not?

He could be right, or perhaps nearly right, or even absolutely right.

This might just be a matter of Wong, Wonger, Wongest, or even...

Wight, Wighter, Whighest.

Perhaps even...

White, Whiter, Whitest.

Which sounds more like a detergent advert rather than a high cost short term loan company, which was possibly hoping to clean up, but probably should have gone into money laundering.

Does all that sound silly?

Is it any worse than many of the silver to the moon, manipulated market, conspiracy theories?

😎

[HerefordBullyun]

Silver really on the move today!

[spookyandroid]

Yes, it is, could see a reverse as resistance here but would be nice to see it break up on the hourly/4H.

[HerefordBullyun]

Powell just has destroyed the price with his speech from today FOMC

[silversky]

big head fake

[sixgun]

Fed talk bolsters the notion of a pivot. The USD weakened and metals rose. Then we saw the Powell presser and they talked it back along with the usual intervention. 

Edited November 3, 2022 by sixgun

[Tn21]

Silver has gone to 21 bucks very sharply, will it hold 

[HerefordBullyun]

28 minutes ago, Tn21 said:

Silver has gone to 21 bucks very sharply, will it hold 

Im buying miners after the next Cartel smash, they wont be able to keep it down

[silversky]

3 hours ago, Tn21 said:

Silver has gone to 21 bucks very sharply, will it hold 

For it to hold, it really needs to push up towards 22, before dropping back to the 21 area and holding.  If it doesn't boost above 21 for a bit, and it drops back below, it'll drop right back.  Just my opinion of course, but who the heck knows.

[silversky]

So it hit 22, fell back to the 21.3 area and is now working around the 21.5 area.  The weekly candle looks bullish if it closes where it is now.  More bullish though if a rise up to the 21.7 area is achieved before the close.

Inflation was lower than expected, rates will likely not be rising as much, or as quickly as previously anticipated.  This is less bearish for PMs.  Not sure where I stand though.  I suspect that the serious economic problems will weigh heavily on silver demand, but equally, the sustained high cost of energy makes extracting and refining physical expensive, compared to a year or two ago.  These forces are possibly in balance.  Who knows...

[silversky]

In the graph below, the current price is now touching the area of previous support during the covid years.  The price descended multiple times to touch the 21.4 - 22 zone.  After falling below this price, the zone now represents overhead resistance to a rise.  If it defeats this implied resistance, and breaks through, there will likely be a strong rise and the zone would become resistance again to a decline.  It's common for a break to return and kiss the zone it just broke, and I suspect that we could see that here.  I would give it more than a 50% chance that it will initially be deflected back down below the zone for a few more weeks though.  If it does break through, and then return back to kiss the zone, it will represent a good buying opportunity.

The weekly candle as it stands is bullish on the chart, although it would be more bullish above 21.65 and extremely bullish above 22.  Either way, an inflection point is coming.  Next week's close will tell us which way things are going to go for the next month or two.

[StackingSmart]

USD Silver premiums by product type across 5 different prominent mints.

[Tn21]

Silver back up to 21 bucks and some. 

Halfway to 22 bucks 

Big move, 

Price action today is exhilarating