Silver Monitoring Thread £ (GBP) only.

[Minimalist]

Just now, Gruff said:

And it's still below half of it's ATH  

During a time of potential WW3... Sad reality. Silver is heavily manipulated.

[SidS]

9 minutes ago, Minimalist said:

During a time of potential WW3... Sad reality. Silver is heavily manipulated.

I know I stated it before. But if covid wouldn't send the price up with all the total unknown scenarios in the early days of the pandemic, then I highly doubt WW3 will do it either. After all in a World War silver is the least concern, they'll be after nickel and steel. Remember in WW2, the US removed nickel from the 5c piece during the war for war use and substituted a less useful metal in its place, silver as it would happen.

Makes me wonder why I stack silver tbh? I do it, because I enjoy it.

[Minimalist]

2 minutes ago, SidS said:

I know I stated it before. But if covid wouldn't send the price up with all the total unknown scenarios in the early days of the pandemic, then I highly doubt WW3 will do it either. After all in a World War silver is the least concern, they'll be after nickel and steel. Remember in WW2, the US removed nickel from the 5c piece during the war for war use and substituted a less useful metal in its place, silver as it would happen.

Makes me wonder why I stack silver tbh? I do it, because I enjoy it.

Aye, legitimate points to be honest.

Agree with the silver stacking, the designs on the metal stand out more, plus Gold is a monetary metal which I treat it as. Silver is more fancy and affordable.

[HerefordBullyun]

6 minutes ago, SidS said:

I know I stated it before. But if covid wouldn't send the price up with all the total unknown scenarios in the early days of the pandemic, then I highly doubt WW3 will do it either. After all in a World War silver is the least concern, they'll be after nickel and steel. Remember in WW2, the US removed nickel from the 5c piece during the war for war use and substituted a less useful metal in its place, silver as it would happen.

Makes me wonder why I stack silver tbh? I do it, because I enjoy it.

Dont be so sure 420 oz of silver in one tomahawk missile!

[Gruff]

18 minutes ago, Minimalist said:

During a time of potential WW3... Sad reality. Silver is heavily manipulated.

Of course, was just a throw away comment. I'm stoked that it's above £15 tbh. 

 

6 minutes ago, SidS said:

I know I stated it before. But if covid wouldn't send the price up with all the total unknown scenarios in the early days of the pandemic, then I highly doubt WW3 will do it either. After all in a World War silver is the least concern, they'll be after nickel and steel. Remember in WW2, the US removed nickel from the 5c piece during the war for war use and substituted a less useful metal in its place, silver as it would happen.

Makes me wonder why I stack silver tbh? I do it, because I enjoy it.

Silver is used a lot in warheads, so if this does go full scale "'merica **** yeah!" I reckon that the price might go up some more

Just now, HerefordBullyun said:

Dont be so sure 420 oz of silver in one tomahawk missile!

Beat me to it

[Paul]

we've just broke £19oz 

[Gruff]

4 minutes ago, Paul said:

we've just broke £19oz 

What? Again?  
Followed by the obligatory tamp  
$25.50 looks like it's being defended heavily.  No reason this commodity should be struggling like it has been over the last few days. Not when the world around us is seemingly going to sh*t

[silversky]

8 minutes ago, Paul said:

we've just broke £19oz 

Are we at £50 yet? 

Edited March 4, 2022 by silversky

[silversky]

I just had a look back at palladium's rise over the last 5 years.  Makes silver look very unloved.

[Gruff]

2 minutes ago, silversky said:

Are we at £50 yet? 

Almost...  

[Paul]

1 minute ago, silversky said:

Are we at £50 yet? 

some daftys paying £50oz for 1oz of silver off FeeBay - but no change there 

[Gruff]

3 hours ago, Paul said:

we've just broke £19oz 

Now we have... well at least for the next 15 minutes  

 

[James32]

Anyone got the number of a reasonable lambo dealer 🤔 

[Paul]

up nearly 8% for the week 

[SilverDrum]

4 minutes ago, James32 said:

Anyone got the number of a reasonable lambo dealer 🤔 

https://www.ebay.co.uk/itm/224862785178?hash=item345addce9a:g:maIAAOSwHm5hW2Q~

[Gruff]

4 minutes ago, James32 said:

Anyone got the number of a reasonable lambo dealer 🤔 

You wanting to recreate 

 

[James32]

Just now, SilverDrum said:

https://www.ebay.co.uk/itm/224862785178?hash=item345addce9a:g:maIAAOSwHm5hW2Q~

Full sunroof...love it!

[silversky]

So, Brent seems to have fallen off the radar a bit with all of the other chaos going on.  But it's put on 20% in the last 4 days.  This is on top of the 25% it put on since the beginning of the year...  By the looks of things, there's no sign that this economic war will end soon.  If anything it's getting bigger.  Months, if not years is the outlook.

In a high energy price world, base metals become less economic to extract.  And much of Silver production is a by product of base metal extraction.  One really has to wonder just how much the cost of producing Silver has risen in the last two months, and whether less of it is actually being extracted?  Certainly the cost must have risen dramatically, and just thinking out loud, I imagine that there must be a supply shortage in the pipeline now.  Whether there's a demand shortage as well is yet to be seen, but I doubt it.

[silversky]

9 minutes ago, Paul said:

up nearly 8% for the week 

I still think my call that it will exceed last years high by the end of this quarter is possible.  Think it was just shy of £21 the Jan high.  Not far to go now. 

[Gruff]

2 minutes ago, silversky said:

So, Brent seems to have fallen off the radar a bit with all of the other chaos going on.  But it's put on 20% in the last 4 days.  This is on top of the 25% it put on since the beginning of the year...  By the looks of things, there's no sign that this economic war will end soon.  If anything it's getting bigger.  Months, if not years is the outlook.

In a high energy price world, base metals become less economic to extract.  And much of Silver production is a by product of base metal extraction.  One really has to wonder just how much the cost of producing Silver has risen in the last two months, and whether less of it is actually being extracted?  Certainly the cost must have risen dramatically, and just thinking out loud, I imagine that there must be a supply shortage in the pipeline now.  Whether there's a demand shortage as well is yet to be seen, but I doubt it.

Agreed and as was discussed on one of these threads the other day, @HerefordBullyun mentioned that there is 420oz of silver in a Tomahawk Cruise Missile. If anything, you'd expect demand to rise in the clown world we're currently in

[Paul]

3 minutes ago, silversky said:

I still think my call that it will exceed last years high by the end of this quarter is possible.  Think it was just shy of £21 the Jan high.  Not far to go now. 

what other asset/commodity still half the price of its 1980 price ???? crackers it is !

[SidS]

Asbestos and mercury must have fallen in price since 1980, and for obvious reasons, it's criminal that silver's still so low.

[HerefordBullyun]

Coal is going ballistic!

[sjhdesmond]

19 minutes ago, Paul said:

what other asset/commodity still half the price of its 1980 price ???? crackers it is !

Fax machines?

[Paul]

2 minutes ago, sjhdesmond said:

Fax machines?

pager ? betamax vids ?