Silver Monitoring Thread £ (GBP) only.

[silverroller]

Its started to fall, should be an interesting week with some cheap prices.

[Keithoil]

I'm thinking PM prices will be much lower next week.

Yes Stretch I am hoping the same also that it is lower as I am putting in a large order with STG which includes 3 10 oz coins.

[jc1989]

Same here I was planning on buying a tube of maples this week so will be very pleased if I can save a few quid

[Keithoil]

Wow now down to £9.42.

 

Hells teeth now £9.27

Edited November 30, 2014 by Keithoil

[Keithoil]

Just tried to go onto STG website and there site is under maintenance until 0300.

[Pipers]

Just tried to go onto STG website and there site is under maintenance until 0300.

What a suprise

[Lindeman]

Down and down .... This is great!, at least for new stackers.

Got my eye on gold to go to £720 too...Xmas coming early.

[Stretch]

Just tried to go onto STG website and there site is under maintenance until 0300.

A bit suspicious perhaps as we were all expecting a sudden price drop.

[Shamatti]

A bit suspicious perhaps as we were all expecting a sudden price drop.

 

It's a conspiracy lol   

 

As expected...... Lack of good news over the weekend has let prices continue their Southward sojourn.

 

Sideways all week, with a dash of downwards. Don't be in any rush to place that big order!

[a_a]

well now the forum is back up we can talk about yesterday, wtf

[Paul]

Biggest swing I have seen in a single day both in price and % increase since i started my stacking

£1.20 was the spread between the highs and lows of yesterday

 

I bet the paper pushers in the City were enjoying their champagne after work yesterday, if they were on the right side of the trade

 

It certainly is not for fainthearted this silver investing that's for sure ! 

[a_a]

Not just big changes, but the opposite to what was expected after the referendum.

 

I was cursing myself for not ordering at the weekend, thinking it would be smart to wait til monday opening. D'oh!

[Keithoil]

Yes I saw it hit £9.27 but the STG website was down so did not get the order in.

 

But as you say wow huge swings but for us the wrong way, could have stayed down for a day or so.

 

And now the waiting game continues.

[Pipers]

Same here I missed too.  What I did notice was, Geiger and STG (when it opened again) the prices did not drop as low as they did a couple of weeks ago.  I ordered some Philharmonics at £11.78 on the 14 Nov  when the Silver price was £9.60,  on the 1/12/14 the best price I could get was £12.25 for Noahs Arks when the Silver price was lower £9.45.  I waited but as we know the price went up. 

 

To me, we are now seeing a shortage in the physical market.  If the price falls again I will buy at physical prices not paper prices if you know what I mean.  I,ll explain more, when the dips come the physical price does not like to go under £12 IMO, We had buyers premium for Maples at 28% and 27% for Philharmonics on STG the other day, when on the 14/11/14 the premium was around 20-22% HT's thread shows this.

 

Forum members will have to make there own minds up, Is the Silver shortage only a short to midterm problem? I think not, if the spot prices stays low and demand is still high. I may be proved wrong, but on the next dip I'm going in at the £12 price for bullion.  

[a_a]

Good plan. Similarly I saw the koalas at £121, and mentally it's important to me that I don't pay more than that now, even though current price is better than it's been most of the year

[HawkHybrid]

Good plan. Similarly I saw the koalas at £121, and mentally it's important to me that I don't pay more than that now, even though current price is better than it's been most of the year

 

your buying decision should be based on your strategy and not on some

arbitrary price, it's difficult to catch a falling knife. I'm hearing some people

say that the quick rebound in the price 'could' mean that prices are not

likely to go lower. (it could also be a random fluctuation, time will tell).

has anyone noticed that polar bear 1.5oz coins have dropped in premium

recently? maybe the rise in bullion premiums is a cyclical thing?

 

HH

[BaldyBob]

Probably don't want to have 2013 stock left over with 2015 close at hand.

 

EDIT: Price less per oz than a Maple, so definitely worth it. A nice chunky coin, in a normal sized RCM tube.

Edited December 3, 2014 by BaldyBob

[watchesandwhisky]

Wonder if STG will be getting in any more 10oz koalas, I see stock is low on them - 12 left as of this moment. They haven't exactly flown out the door and not long left in the year. 

[watchesandwhisky]

STG now out of 10 oz 2014 koalas, be very interested to the mintage figures of these as i bought ten of them lol.

 

Spot price seems fairly stable the last few days, wonder what market close will bring!

[Stretch]

Gutted I only got two of them 2014 koalas, now I've missed the boat.

Was expecting or hoping spot would fall with the NFP, looks like it's going nowhere.

[a_a]

All gone, makes my decision easier because it is one ugly coin

[Keithoil]

Makes my decision easier also I can't have one because there are not any left.

[watchesandwhisky]

All gone, makes my decision easier because it is one ugly coin

 

They look better in the hand than the online photos, but compared to the horse they dont compare.

 

However at cheaper than maples they were a steal, I hope they get a few more in.

[Pipers]

Decent coin, I have 6, because they were cheap! 

[HelpingHands]

Maybe the 2015 koala could drop at some point.