Silver Monitoring Thread £ (GBP) only.

[Russell]

I thought I was done buying but just got some Pre 1947 shillings for 24p  a gram on Ebay which is more than I have paid previously but they are averaging 30p a gram so could not resist a bargain

[vand]

Recent price action is nicely supportive, as we are still around £20 and the moving averages are catching up. 

The r-Silver ratio has already contracted from 1.65 to 1.4. My guess is that we're probably still closer to the start of the correction than we are to the end of it, and another few weeks are probably needed.

I have money ready to deploy but not in an immediate hurry.

[Airhead]

6 hours ago, vand said:

The r-Silver ratio has already contracted from 1.65 to 1.4. My guess is that we're probably still closer to the start of the correction than we are to the end of it, and another few weeks are probably needed.

What exactly is the r-silver ratio? Googling the term only returns GSR which being 1.4 at the moment is unfortunately not the case

[5huggy]

1 minute ago, Airhead said:

What exactly is the r-silver ratio? Googling the term only returns GSR which being 1.4 at the moment is unfortunately not the case

"GSR" is " Gold /SILVER Ratio"! 👍 - currently GSR = 71.596 😉👍 (17:52 BST)

[Rll1288]

yeah staying pretty constant around the 70 mark

[vand]

RSilver and RGold is just how far price is away from the 200day simple moving average. 

https://www.sunshineprofits.com/gold-silver/dictionary/relative-gold/

Edited August 26, 2020 by vand

[MintageSeller]

On 25/08/2020 at 15:50, Russell said:

I thought I was done buying but just got some Pre 1947 shillings for 24p  a gram on Ebay which is more than I have paid previously but they are averaging 30p a gram so could not resist a bargain

What are you paying per shilling? 

[Edache]

On 25/08/2020 at 15:50, Russell said:

I thought I was done buying but just got some Pre 1947 shillings for 24p  a gram on Ebay which is more than I have paid previously but they are averaging 30p a gram so could not resist a bargain

Great find! I've found that Ebay tends to be week or two behind on major silver price moves and always good for a lucky bargain!

[Russell]

On 27/08/2020 at 17:20, MintageSeller said:

What are you paying per shilling? 

Pm to you

[Paul]

silvers had a good start to the week, up a few % today / +50p oz

Over £21 again 

Smack-down incoming soon lol 

[mousefu]

should hit 30 this week. Then we just need a pullback. Can't wait.

[mousefu]

55 minutes ago, pi1 said:

30 pound?. Why should it hit that can I ask?

30 dollars. The resistance always seems to be in dollars. Every time it gets close to 30 dollars it get knocked down. Like it did today. Maybe 30dollars + in another week or 2 then a big smack down.

[Russell]

It has bounced off $30 a few times now.  I reckon it will break that after the election or when the Equities crash whichever is soonest.  The dollar still looks to be in a downward trend.

[Russell]

Manipulation to get the price down so the big fish can buy?

Hang on to your hats if you are short term on silver.

 

[Rll1288]

Very interesting.....

[Russell]

I am watching an update to my last post and the shadowstats are also seeing anomalies.  The market is being rigged to raid gold and Silver to get stock for the contracts because people are taking delivery and they have not got it in my humble opinion.

 

[Martlet]

1 hour ago, Russell said:

I am watching an update to my last post and the shadowstats are also seeing anomalies.  The market is being rigged to raid gold and Silver to get stock for the contracts because people are taking delivery and they have not got it in my humble opinion.

 

The premise seems to be contracts roll over to later months as there isnt any supply for delivery. There is another simple reason, the contracts are bought by speculators that dont want delivery, so next month, next quarter or end of year is fine for them. The fact they ignore this possibility, means you should probably ignore their conclusions as they are flawed. 

Edited September 5, 2020 by Martlet

[HighlandTiger]

Looks like the booster rockets have failed and we are hurtling back to earth. 

[mousefu]

3 minutes ago, HighlandTiger said:

Looks like the booster rockets have failed and we are hurtling back to earth. 

I think it was needed, silver was overextended. Good luck buying silver at under $25 though. Can't imagine anyone will sell at that price.

[Rll1288]

This is still part of the pull back..... things do not go up in straight lines..... some volatility is back which isn;t bad

[mousefu]

2 minutes ago, Rll1288 said:

This is still part of the pull back..... things do not go up in straight lines..... some volatility is back which isn;t bad

Wait. You can't possibly be suggesting we are not going to go straight to $100 dollars before christmas are you?

But. But. That is what all the youtubers with an interest in selling me silver told me.

[Rll1288]

Actually that's not what I said ... at all.... Buy on dips to load up the portfolio... long term investment strategy..... over the coming year (into 2021) low rates and high inflation will have an effect. My personal opinion and not classed as investment advice 🙂

Edited September 22, 2020 by Rll1288

[mousefu]

1 minute ago, Rll1288 said:

Actually that's not what I said ... at all.... Buy on dips to load up the portfolio... long term investment strategy..... over the coming year (into 2021) low rates and high inflation will have an effect

Ah sorry. I was just joking with you. It just seems that a lot of people seemed really shocked that silver pulled back and it hasn't gone straight up to a ridiculous price. I blame the Youtubers who have have an interest in selling silver and keep coming up with ridiculous prices and anytime the price drops blames manipulation.

[HighlandTiger]

It's going down to £1 an ozt.

 

[Rll1288]

1 minute ago, mousefu said:

Ah sorry. I was just joking with you. It just seems that a lot of people seemed really shocked that silver pulled back and it hasn't gone straight up to a ridiculous price. I blame the Youtubers who have have an interest in selling silver and keep coming up with ridiculous prices and anytime the price drops blames manipulation.

I agree..... it will rise but with opportunities to sell at some good levels and reacquire when it dips...... Stocks took a pounding yesterday...over the next few days it will be interesting on what happens now