Silver Monitoring Thread £ (GBP) only.

[KevjustKev]

2 hours ago, Bars said:

Nice. Bevs on Kev

Would you not rather use a glass?

[silversky]

Moonshot cancelled again?  Or just a temporary setback?

[StackerBritt]

3 minutes ago, silversky said:

Moonshot cancelled again?  Or just a temporary setback?

Just the moon adjusting its nut sack in readiness for impact 😉

[timsk]

3 hours ago, silversky said:

Moonshot cancelled again?  Or just a temporary setback?

If you don't mind me saying silversky, you're being a tad harsh, as £0.30p off the recent high isn't really a setback! 😉

It looks to me as if price is enjoying a little rest before making its offensive on the £20 region. Either that, or because it's at the top of the grey channel (on the weekly chart, below) and technically 'overbought', it might do a reversal. For those who add to their stack irrespective of what price is doing, then this is of little interest and no consequence. For those who, for better or worse, like to try and time their purchases and use TA to assist with that, then now is not the time to buy. Probability favours at least a pull back - if not an actual reversal. For price to sail on through £20 without so much as a glance back - is unlikely, IMO. Just my £0.02p worth, but I won't buy any more bullion until there's some evidence that either the bulls or the bears have the upper hand.

 

Edited December 22, 2022 by timsk

[silversky]

6 hours ago, timsk said:

If you don't mind me saying silversky, you're being a tad harsh, as £0.30p off the recent high isn't really a setback! 😉

It looks to me as if price is enjoying a little rest before making its offensive on the £20 region. Either that, or because it's at the top of the grey channel (on the weekly chart, below) and technically 'overbought', it might do a reversal. For those who add to their stack irrespective of what price is doing, then this is of little interest and no consequence. For those who, for better or worse, like to try and time their purchases and use TA to assist with that, then now is not the time to buy. Probability favours at least a pull back - if not an actual reversal. For price to sail on through £20 without so much as a glance back - is unlikely, IMO. Just my £0.02p worth, but I won't buy any more bullion until there's some evidence that either the bulls or the bears have the upper hand.

 

I wasn't being harsh.  Just a bit of a joke really.  We normally get Paul in here asking us to wake him up when it gets to £50.  lol.

It might or might not punch through the tramlines.  If it does, it will likely return to kiss them before setting off on any actual moonshot.  A kiss having broke through is where a good paper buy should be placed.  But I suspect it's not going to break through just yet.  A trip back down to start again is most likely IMO.  I can see 18 or even 17 oversold before the cooker gets going.  

[Paul]

10 hours ago, silversky said:

I wasn't being harsh.  Just a bit of a joke really.  We normally get Paul in here asking us to wake him up when it gets to £50.  lol.

It might or might not punch through the tramlines.  If it does, it will likely return to kiss them before setting off on any actual moonshot.  A kiss having broke through is where a good paper buy should be placed.  But I suspect it's not going to break through just yet.  A trip back down to start again is most likely IMO.  I can see 18 or even 17 oversold before the cooker gets going.  

are we nearly at £50oz yet ???

[HerefordBullyun]

[stefffana]

£20/oz again!🤗

To da Moon, baby, to da Moon!😜

[Happypanda88]

Houston, we have a problem. Silver to the moon has just exploded ! 

 

[CANV]

the market needs to be careful. there could be people who bought in the last few years who will be onside despite vat soon !!  

[SiCole]

I take it everyone is too busy making YouTube videos about it than posting here.

[MrStacker]

£871.02 for a tube of Brits from RM! 😱

 

*starts searching for promotional discount codes*

 

 

🤪

[silversky]

1 hour ago, MrStacker said:

£871.02 for a tube of Brits from RM! 😱

 

*starts searching for promotional discount codes*

 

 

🤪

can have a couple off me for £800 each if you're interested.

[MrStacker]

15 hours ago, silversky said:

can have a couple off me for £800 each if you're interested.

I was being sarcastic mate. Some of the dealer prices are laughable during these times. If £800+ per tube ever became the norm (which could be a possibility) then I would immediately trasnfer everything to gold only. 🙂

 

[Zhorro]

Looking back over the past 12 months, it appears that the GB£ price of silver has increased by 15.7% at a time that reported inflation is about 11%.  So, on the face of it, silver would seem to have done well during 2022.

[SidS]

2 hours ago, Zhorro said:

Looking back over the past 12 months, it appears that the GB£ price of silver has increased by 15.7% at a time that reported inflation is about 11%.  So, on the face of it, silver would seem to have done well during 2022.

About time too! 😁

[dicker]

I saw on a Kitco news story that retail investors see silver ending up 50pct higher by the end of 2023.  This was from some sort of survey, but my guess is that silver will continue up in GBP in 2023.  Ever hopeful….

[gji25]

1 minute ago, dicker said:

I saw on a Kitco news story that retail investors see silver ending up 50pct higher by the end of 2023.  This was from some sort of survey, but my guess is that silver will continue up in GBP in 2023.  Ever hopeful….

i heard something very similar from a weatherman 

 

[AndrewSL76]

Love it. I have very limited silver in my stack but always pleased to see it rise!

[gji25]

1 hour ago, AndrewSL76 said:

Love it. I have very limited silver in my stack but always pleased to see it rise!

Sounds like an advert for viagra 🤣

[Stuntman]

6 hours ago, gji25 said:

Sounds like an advert for viagra 🤣

Definitely hold, be careful about flipping...

[SidS]

14 hours ago, Stuntman said:

Definitely hold, be careful about flipping...

Don't want any milk spotting.

[SheepStacker]

I see Silver has nose dived back below £20 again

lol. lmao even.

[SidS]

Looks like we're gonna party like it's 19.99

 

Edited January 4, 2023 by SidS

[SheepStacker]