Silver Monitoring Thread £ (GBP) only.

[Chronos]

Edited

Edited April 13 by Chronos

[Chronos]

Friday evening rout was massive in size:

- 865+ MILLION Digital Silver ounces Traded

- $25+ Billion in liquidity

- Largest volume in years (January 2021)

- 173,000+ contracts and more trading time left ...:

 

[Chronos]

India's February silver imports hit record and set to rise 66% this year. Imports surged to 2,932 tons in the first two months of 2024 compared to 3,625 tons for all of 2023:

https://www.business-standard.com/industry/news/india-s-february-silver-imports-hit-record-set-to-rise-by-66-this-year-124040800694_1.html

Edited April 13 by Chronos

[Shuaib121]

2 hours ago, silvergaga said:

There is not as much physical in the UK as you might think. Most of it is paper silver and gold.

If you have 1oz of gold in your house the banksters will sell it to 500 other UK people in funny money and they all think they own the ounce you have in your stack.

What stack? What’s a gold? What’s a silver? Bullion? Is that a species of male cow?

[HonestMoneyGoldSilver]

23 hours ago, Sovhead said:

Can’t have all the worldwide electronics costing a lot more to make.

It might add a few pennies to low cost electronics but the silver price is negligible compared with the price of an iPhone (0.34g of silver) or a laptop. It would affect solar panels (20g+ for an average 2m^2 panel) and EVs (a few ounces) but silver is not the primary cost driver in those technologies. The manufacturers can shrug off silver mooning but they can't shrug off oil, labour, shipping costs or regulation/taxation

[sellerstacker]

Not that it is a matter to be happy about. But it will definitely impact bullion prices in my opinion as Iran attacks Israel............

How are markets going to react to more uncertainty? May peace prevail.

https://www.bbc.co.uk/news/live/world-middle-east-68737710

[Fishy321]

. 

Edited April 13 by Fishy321
Duplicate

[Fishy321]

Either up or suspended, depending on the seriousness, I would imagine- maybe both 

[sellerstacker]

Depends election year and Biden's popularity clubbed with inflation, job numbers etc requires a war somewhere to keep the common Joe concerned so that he votes for the Status Quo. USA shoots down Iranian drones a few mins back.....

[Fishy321]

Yes the ever accurate inflation and job numbers 

[Fishy321]

I was expecting it to go up after Fridays slam down and I haven't changed opinion

[Mphys]

7 hours ago, sellerstacker said:

Not that it is a matter to be happy about. But it will definitely impact bullion prices in my opinion as Iran attacks Israel............

How are markets going to react to more uncertainty? May peace prevail.

https://www.bbc.co.uk/news/live/world-middle-east-68737710

Now that an attack has happened I don't see how this doesn't affect prices and if this is the case it can only be to the up side. Of course none of that matters if ww3 is kicked off.

[theman73]

12 minutes ago, Mphys said:

Of course none of that matters if ww3 is kicked off.

Who against who? 

The alcoholics from Russia togheter with the camel riders against the West?

[timsk]

45 minutes ago, theman73 said:

Who against who? 

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.

[Gruff]

2 minutes ago, timsk said:

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.

Currently it's gang warfare being played out at that top level  

[Gruff]

[theman73]

2 hours ago, timsk said:

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.

Iran is nobody, they can't resist more than a week against Israel, the conventional wars are in the past, and nobody can win against the West, WWIII will be nuclear.

Edited April 14 by theman73

[Chronos]

China switches strategy from stacking Gold to "Take all the Silver.":

https://thesilverindustry.substack.com/p/china-switches-strategy-from-stacking

[timsk]

48 minutes ago, theman73 said:

Iran is nobody, they can't resist more than a week against Israel, the conventional wars are in the past, and nobody can win against the West, WWIII will be nuclear.

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. 

[bobski]

£22.72

[gji25]

20 hours ago, Chronos said:

China switches strategy from stacking Gold to "Take all the Silver.":

https://thesilverindustry.substack.com/p/china-switches-strategy-from-stacking

Key takeaways:

• Gold is up 20% in 2 months.

• Silver is up 27% in 1.5 months.

• is it really ?

•  

[Petra]

Hoorah!😮😮the graphs are back … ti e to get serious……😮😮keep buying 😮🤔

Edited April 15 by Petra
spell

[bobski]

£22.83

[bobski]

£22.84

[Petra]

😮🤔still £22.84😮😮🤔