Silver Monitoring Thread £ (GBP) only.

[HerefordBullyun]

40 minutes ago, katyc said:

Well, my "disclaimer" is that I said in my post last week it "may" cause a slump. My thinking is that if production slows down (huge recession likely coming), things like solar panels (each panel requires 20g of silver) won't be produced as rapidly (I recall reading that nearly half of silver demand is industrial). Also, technology is set to bear for a long time during a big recession - especially a cost of living crisis (but as you rightly point out, with our crazy technology demands, I'm surprised we don't have an electronic device to wipe our arses when we go to the loo - so perhaps demand will stay up there. However I can see production slowing down massively).

Then, on the other hand, if this impending recession hits soon (well, it's already started but the Gov won't admit it), then the bull run will start no matter what. Saying that, in 2008 didn't it take a year of two for traction to build up? (then again, we didn't have CBDC coming back then - which will work in our favour now). If the whispers catch on across social media (and info is not supressed by the likes of Zuckerberg and the rest of the WEF lizards) then we could see some huge gains. Also, China are (hopefully) coming out of their lockdown which is a boost to production - so we have some hope there also.

As we know, it's all a game of speculation, but at least we can all agree that gold and silver are definitely going to have a very significant run within the next few years. If not, then I'm taking my mini hoover to the tip!

Well as somebody who works in the tech sector myself and for a company that is getting ESG grants from the government to convert, I don't think this sector is going to slow down. To point one day government are going have to support the miners, for the demand, see my logic?

Silver is going be used in abundance. Companies are actually looking to recycle silver thats been discarded in landfill, however that poses many problems. 

1) contamination of silver  

2) Difficult extraction and longer time to achieve

3) Quality of silver post extraction 

4) Time to recycle silver and quality again

5) Could it be used for medical - probably not...

6) cost effectiveness of time effort and value, can profit be achieved

This is all but going to have a positive effect on prices, because the shortage grows, the price draws higher. Even the Comex cannot fight that.

A majority of minable silver has already been exploited. 

ESG needs silver in abundance, that's without the other sectors ive mentioned, the best conductor of electricity - silver. 

Uranium is going to be the same but thats harder to stack! But Sprott are doing it already! they are going hunt brothers ahead of the ESG game, and guess what the uranium reactors are gonna need silver to conduct said power.

Oh did I mention there silver in missiles too, that get obliterated especially the high tech ones..... 

The list is endless.... but silver isnt.... 

 

  

Edited December 15, 2022 by HerefordBullyun

[katyc]

24 minutes ago, HerefordBullyun said:

Well as somebody who works in the tech sector myself and for a company that is getting ESG grants from the government to convert, I don't think this sector is going to slow down. To point one day government are going have to support the miners, for the demand, see my logic?

Silver is going be used in abundance. Companies are actually looking to recycle silver thats been discarded in landfill, however that poses many problems. 

1) contamination of silver  

2) Difficult extraction and longer time to achieve

3) Quality of silver post extraction 

4) Time to recycle silver and quality again

5) Could it be used for medical - probably not...

6) cost effectiveness of time effort and value, can profit be achieved

This is all but going to have a positive effect on prices, because the shortage grows, the price draws higher. Even the Comex cannot fight that.

A majority of minable silver has already been exploited. 

ESG needs silver in abundance, that's without the other sectors ive mentioned, the best conductor of electricity - silver. 

Uranium is going to be the same but thats harder to stack! But Sprott are doing it already! they are going hunt brothers ahead of the ESG game, and guess what the uranium reactors are gonna need silver to conduct said power.

Oh did I mention there silver in missiles too, that get obliterated especially the high tech ones..... 

The list is endless.... but silver isnt.... 

 

  

Great to get this confirmed from someone working in the tech sector 👍

That's another good point too: Extraction. If it costs, let's say, $12 an oz to extract (I think I heard recently it was something like that - but probably more now with inflation) - then it simply can't go crazy low on spot. 

[katyc]

31 minutes ago, HerefordBullyun said:

Time to recycle silver and quality again

Also, another great point. We are going to need silver more than ever and they simply can't recycle it easily like they do with gold. The tiny amount in a mobile phone cannot be recycled - but there are SO many phones out there that it will certainly cause reduction in supply (same with every electrical devices with an on/off button). Bring on the ball sacks!

[Darr3nG]

36 minutes ago, katyc said:

Bring on the ball sacks!

Easy, tiger! 😜 

[SilverDrum]

1 hour ago, katyc said:

I'm surprised we don't have an electronic device to wipe our arses when we go to the loo - so perhaps demand will stay up there.

Up "where" exactly?

 

Edited December 15, 2022 by SilverDrum

[HerefordBullyun]

1 minute ago, SilverDrum said:

Up "where" exactly?

 

Up "where" exactly?

 

So good you siad it twice you must be in BUPA. I just say go do a handstand in the shower!

[katyc]

5 minutes ago, SilverDrum said:

Up "where" exactly?

 

The guy at 1:43 has definitely got a different part of his body that also needs cleaning after that....

Edited December 15, 2022 by katyc

[timsk]

2 hours ago, HerefordBullyun said:

. . . A majority of minable silver has already been exploited. . .  

Good post HB - interesting points.

The one quoted piqued my interest as I've not heard this before. (I'm fairly new to precious metals - so that may explain why.) I wonder, is this just your opinion or is it fact? If the latter, I'd be grateful for a link if you have one please? This is important because the resource is finite, obviously, but if we (mankind) have already extracted the majority of what's available, then it means that the prospect of price for silver reaching the moon's dangly bits increases significantly. 

[HerefordBullyun]

5 minutes ago, timsk said:

Good post HB - interesting points.

The one quoted piqued my interest as I've not heard this before. (I'm fairly new to precious metals - so that may explain why.) I wonder, is this just your opinion or is it fact? If the latter, I'd be grateful for a link if you have one please? This is important because the resource is finite, obviously, but if we (mankind) have already extracted the majority of what's available, then it means that the prospect of price for silver reaching the moon's dangly bits increases significantly. 

https://www.royalmint.com/invest/discover/gold-news/how-rare-are-precious-metals/ 

Not sure how accurate this is by RM BUT.

The difference between Silver and other PM's Silver is a monetary metal AND more most heavily used in industry, more than the other PM's listed in the link. Platinum Gold and Rhodium are not so albiet rarer....

[Silverlocks]

2 hours ago, katyc said:

Great to get this confirmed from someone working in the tech sector 👍

That's another good point too: Extraction. If it costs, let's say, $12 an oz to extract (I think I heard recently it was something like that - but probably more now with inflation) - then it simply can't go crazy low on spot. 

It has gone below the cost of extraction in the past - if that happens it means there's a surplus and nobody is bothering to extract.  At one point during the great depression of the 1930s it went down to almost nothing.  However, anything like that is bound to be transient, so as long as you have something else hedged that you can flog, you can just sit on your silver and wait for the price to come back up to something sane again.

[gji25]

miss direction is the buzz word at the moment in the price of silver  👍  its just an illusion 

 

Edited December 18, 2022 by gji25

[Paul]

any reason for the spike up in price today ? 

is the moon ride back on ?? or has Trump announced he's running for president or soemthing

[silversky]

39 minutes ago, Paul said:

any reason for the spike up in price today ? 

is the moon ride back on ?? or has Trump announced he's running for president or soemthing

Maybe the moon ride is back on because Musk hasn't stepped down as CEO, , despite saying he would abide by the poll.  Or is that Doge coin?  Not sure these days, everything seems to involve Musk. 

A friend told me before the result, that Musk is a genius and that he wouldn't be stepping down.  That he was simply getting his enemies to identify themselves and activate their bots.  Now that they're out in the open, he knows who all the bots are run by, and where to train his guns.  If true, it was a smart play.

[gji25]

3 hours ago, Paul said:

any reason for the spike up in price today ? 

is the moon ride back on ?? or has Trump announced he's running for president or soemthing

its because the comex and the lbma have been bled dry

[sixgun]

The Bank of Japan said they would raise the cap on their bonds from 1/4% to 1/2%. This caused the Yen to spike against the USD and so sent the DXY down and so gold and silver up.

[timsk]

16 minutes ago, sixgun said:

The Bank of Japan said they would raise the cap on their bonds from 1/4% to 1/2%. This caused the Yen to spike against the USD and so sent the DXY down and so gold and silver up.

Good analysis sixgun. 👍

I'm of the view that DXY and equity indices (DOW, FTSE etc.) are the fundamental drivers of silver and that if the former tanks and the latter enjoys a Santa rally - then there's further upside for silver before the year end. The big question, IMO, is whether or not this can be sustained into the new year. If it can, then maybe silver's long journey to the moon is already underway. However, if the much anticipated market crash happens and if there's still some life left in DXY, then silver price could drop back down to test the summer lows. Does this sound logical to you - or am I missing something?

[gji25]

december the 27th when the paper contracts have been called in . then we shall see 😃 where the price goes

[EdwardTeach]

13 hours ago, sixgun said:

The Bank of Japan said they would raise the cap on their bonds from 1/4% to 1/2%.

Could this be the black swan event that finally crashes the global sovereign debt market? Possibly. We’ll have to wait and see but it’s something to keep an eye on over the next week or two just in case. With so many potential black swans flying around these days I wouldn’t want my money anywhere near the banks, pensions, stock markets or anything else with a counterparty risk when this thing goes down.

There’s going to be a lot of banks and other financial institutions go bankrupt when when the bond markets finally collapse. A few of them might get ‘bailed out’ by the government (aka the tax payer) but most won’t. The rest will default on their debts and just keep your money and because of the new ‘bail in’ laws there’s nothing you can legally do because it’s mentioned in the small print of the contract you’ll have agreed with them. When the bond markets collapse I wouldn’t even be surprised if several major governments go bankrupt and default on their debts too. It should be good for gold and silver though.

 

 

Edited December 21, 2022 by EdwardTeach

[HerefordBullyun]

7 minutes ago, EdwardTeach said:

Could this be the black swan event that finally crashes the global sovereign debt market? Possibly. We’ll have to wait and see but it’s something to keep an eye on over the next week or two just in case. With so many potential black swans flying around these days I wouldn’t want my money anywhere near the banks, pensions, stock markets or anything else with a counterparty risk when this thing goes down.

There’s going to be a lot of banks and other financial institutions go bankrupt when when the bond markets finally collapse. A few of them might get ‘bailed out’ by the government (aka the tax payer) but most won’t. The rest will default on their debts and just keep your money and because of the new ‘bail in’ laws there’s nothing you can legally do because it’s mentioned in the small print of the contract you’ll have agreed with them. When the bond markets collapse I wouldn’t even be surprised if several major governments go bankrupt and default on their debts too. It should be good for gold and silver though.

 

this also  FX derivatives

 

Edited December 21, 2022 by HerefordBullyun

[ArgentSmith]

Comex stack available for delivery at multi decades low, Elon Musk starts following Wall St Silver on twatter 🙂

[SidS]

23 minutes ago, ArgentSmith said:

Comex stack available for delivery at multi decades low, Elon Musk starts following Wall St Silver on twatter 🙂

Hey! That's what I've been calling it all this time, glad to see someone else thinks the same. 😁

[Gruff]

3 hours ago, SidS said:

Hey! That's what I've been calling it all this time, glad to see someone else thinks the same. 😁

I've called it that for years too  

[KevjustKev]

8 hours ago, HerefordBullyun said:

this also  FX derivatives

 

On the upside, I found a fiver under my bed!

[Bars]

3 hours ago, KevjustKev said:

On the upside, I found a fiver under my bed!

Nice. Bevs on Kev

[MrStacker]

9 hours ago, ArgentSmith said:

Comex stack available for delivery at multi decades low, Elon Musk starts following Wall St Silver on twatter 🙂

I was watching a few gold/silver bullion podcasts last week and this week. Many made reference to the rumour saying that Elon Musk has started purchasng huge quantities of silver. Possibly just speculation but I wouldn't be surprised if it turned out to be true. The man can compete with India for the bars. 😂

Edited December 21, 2022 by MrStacker