Silver Monitoring Thread £ (GBP) only.

[theman73]

8 minutes ago, Chronos said:

Gold/silver ratio was in the past way lower than it is now.

Ahhh, the ratio not the silver price.

[monkey]

20 minutes ago, theman73 said:

Ahhh, the ratio not the silver price.

Yes want a good stable silver price on an upward path. down turns are only good for buying at lower prices!

[artalien]

MOONSHOT!

[monkey]

Silver is really duking it out with the £18.00 price level today. any one have any bets as to which way it could go?

[artalien]

Just now, monkey said:

way it could go?

⬇️

[Petra]

⬇️📉🤔📉😮probably down🤔

[theman73]

58 minutes ago, monkey said:

Silver is really duking it out with the £18.00 price level today. any one have any bets as to which way it could go?

⬆️⬆️⬆️⬆️⬆️⬆️

[Silverlocks]

21 hours ago, monkey said:

[ . . . ] down turns are only good for buying at lower prices!

Sounds fine to me.  I don't need it to go up until I'm ready to sell.

Edited January 26 by Silverlocks

[Beanyman]

4 minutes ago, Silverlocks said:

Sounds fine to me.  I don't need it to go up until I'm ready to sell.

 

4 minutes ago, Silverlocks said:

Sounds fine to me.  I don't need it to go up until I'm ready to sell.

 

1 hour ago, monkey said:

Silver is really duking it out with the £18.00 price level today. any one have any bets as to which way it could go?

[Chronos]

Prognosis for 2024 for PM by Heraeus (if you speak German):

 

Heraeus_Precious_Metals_Edelmetallprognose_2024.pdf

[monkey]

Looks like @theman73 and @Beanyman might be correct in there predictions. Strong surge this morning above £18.00. I'm targeting round £18.82 from this brake out.

 

[theman73]

5 minutes ago, monkey said:

Looks like @theman73 and @Beanyman might be correct in there predictions. Strong surge this morning above £18.00. I'm targeting round £18.82 from this brake out.

 

The silver market is heavily manipulated, and the only way for it is up. When? Probably when most of the dirty traders will go to jail.

[HonestMoneyGoldSilver]

Price suppression is not only because of the suits in London and New York but because of the miners and refiners themselves. They purchase hedges against their metals to lock in a price. Several producers are now going full on naked long (not a euphemism) and turning their back on derivatives. If the entire silver industry did the same thing (went naked long) then we would get the upwards price explosion we've been waiting on for a long time. I need to find more excuses to use the phrase, "naked long"

[HonestMoneyGoldSilver]

Interesting video from @SilverDragons

Here's a quote from the article he is heading:

Keep an eye on silver. The dollar volume of gold trading dwarfs that of silver. Since silver trading is a thinner market, its price can and does move up or down by a greater percentage than gold. Therefore, if any major world calamity erupts, demand for bullion-priced physical silver could skyrocket almost instantly—as we saw early in the pandemic in 2020 and in March 2023. So, even though gold solidly outperformed silver in 2023, we still recommend that any allocation between the two metals tilt in favor of silver being 3/5 to 2/3 of the total value between the two. In the long term, I project that the equilibrium gold/silver ratio will fall between 35:1 to 49:1. Today, it is more than double that.

 

 

Why Was Gold Up In 2023, But Not Silver? - Numismatic News

[silversky]

Any reason for the white PMs leading the charge today?  I suppose Silver has lagged gold for quite some time, so maybe its just about being its turn.

[Beanyman]

8 hours ago, silversky said:

Any reason for the white PMs leading the charge today?  I suppose Silver has lagged gold for quite some time, so maybe its just about being its turn.

C'Mon Silver let's go.

[FriedrichVonHayek]

1 hour ago, Beanyman said:

C'Mon Silver let's go.

 

 

[timsk]

23 hours ago, monkey said:

Looks like @theman73 and @Beanyman might be correct in there predictions. Strong surge this morning above £18.00. I'm targeting round £18.82 from this brake out.

Hi monkey,

It's not often that one sees a chart with volume profile on it! 👍

I'm just starting to get my head around it and wondered if you've been using it for long and, if so, how you get on with it?

[monkey]

1 hour ago, timsk said:

Hi monkey,

It's not often that one sees a chart with volume profile on it! 👍

I'm just starting to get my head around it and wondered if you've been using it for long and, if so, how you get on with it?

Not been using it too long. I find its a good guide to see where most are buying within a pattern. Where the highest volume of buying is usually indicate which way a pattern will brake to. Its not 100% but a good indicator to consider. The buying volume in the chart above was to the top end of the dip, which suggest a brake to the up side, which has now transpired.

I'm no trading expert, just dabble here and there. I find looking for patterns quite enjoyable. If I start getting a good accuracy, I may start putting some trades on my predictions.

[katyc]

Well hello there!

(This weeks MoneyWeek mag just arrived)

 

 

[artalien]

1 minute ago, katyc said:

Well hello there!

Hi! Can we get an image of page 26 please?

[Beanyman]

2 minutes ago, katyc said:

Well hello there!

(This weeks MoneyWeek mag just arrived)

 

 

Is that mag costing 5 bucks a week? 4 weeks and you could buy another 1oz coin for that.

[BLOOMMAN101]

5 minutes ago, artalien said:

Hi! Can we get an image of page 26 please?

here is page 30

[katyc]

4 minutes ago, Beanyman said:

Is that mag costing 5 bucks a week? 4 weeks and you could buy another 1oz coin for that.

Only about £3 when you subscribe. It pays for itself many times over with the tips on stocks. Nice to read on a Sat morning with a coffee.

 

[katyc]

6 minutes ago, katyc said:

Only about £3 when you subscribe. It pays for itself many times over with the tips on stocks. Nice to read on a Sat morning with a coffee.

 

Also, first 6 issues are free with no obligation to continue - so anyone thinking about it should give it a go (mostly for people interested in stocks and shares but covers the economy over all).