Silver Monitoring Thread £ (GBP) only.

[silversky]

A blow off top is surely inbound soon.  Surely?  

We'll see what this weekly candle brings tonight.  It's been quite a number of weekly rises in a row, and pretty soon there will have to be a pullback.  The covid run was about 9 weeks positive in a row if I remember correctly.  This current situation is nowhere near as tense as the covid world ending drama, so I can't see it continuing for much longer but who knows.  Maybe big money is getting scared of inflation and wants physical...

[Leonmarsh]

44 minutes ago, Booky586 said:

No words required, chart says it all.......

Be getting a hard bumming again soon back down I reckon, rinse and repeat 

[GoldDiggerDave]

48 minutes ago, Booky586 said:

No words required, chart says it all.......

Not even covering the cost of postage, and it’s certainly not keep up with my tin of beans. 

[GoldDiggerDave]

51 minutes ago, Booky586 said:

No words required, chart says it all.......

Yes the chart says it all! 

[Booky586]

16 minutes ago, GoldDiggerDave said:

Not even covering the cost of postage, and it’s certainly not keep up with my tin of beans. 

Thanks for the recommendation but I'll pass (wind) on the beans! 

[GoldDiggerDave]

@Booky586 just having fun mate but when a bag of ice cubes (they have gone from £1 a bag to £1.69) is outperforming silver it really makes you think. 

[James32]

1 minute ago, GoldDiggerDave said:

@Booky586 just having fun mate but when a bag of ice cubes (they have gone from £1 a bag to £1.69) is outperforming silver it really makes you think. 

Wouldn't they melt in the post though?

[SidS]

23 minutes ago, GoldDiggerDave said:

Yes the chart says it all! 

Did anyone else buy on 29th April 2011? 😁

[James32]

Just now, SidS said:

Did anyone else buy on 29th April 2011? 😁

I wasn't even born yet!

[EdwardTeach]

The Economic Ninja - As the Fed raises interest rates, silver does this

https://rumble.com/v2jnb4o-as-the-fed-raises-interest-rates-silver-does-this.html

 

[HonestMoneyGoldSilver]

Somebody (JPMorgan, COMEX and LBMA) is definitely messing with the silver price, so many large intra-day swings. The last time this happened on 19th April was identical to today - silver fell off a cliff then rebounded almost instantly and went above the previous daily high. Sure silver is volatile but this doesn't make sense. Will we close above £20.29 today?

 

 

 

 

 

There are so many verticals on the silver chart and I'd love to understand where they're coming from. Same thing on 4th April. Once more on 28th March, 22nd March, 16th March, 13th March. It's like the banking cartels once or twice a week are purposefully suppressing the price of silver and then immediately afterwards the market rips their head off by buying the dips. We need a journalist to investigate exactly who is working at these firms during these mini crashes and booms. 

 

 

[silversky]

Looking at a well known UK dealers website today, I see that the premiums on spot to buy are about 17% plus 20 % vat.  To sell to them, they are paying 5% on top of spot.  I don't recall ever seeing sell prices above spot in silver.  Perhaps I've missed that in the past, but I imagine there must be a bit of a shortage in the second hand market if they're prepared to pay above spot.

[PipSqueak]

On 04/04/2023 at 19:57, Paul said:

Gold is the money of kings, silver is the money of gentlemen/ladies/none binary/misc/LGBQTWRTFVUKBFUGDHJGJGJFFJKNH, barter is the money of peasants – but debt is the money of slaves.

I've brought Norman Franz quote up to date to keep the woke folk happy 

Does that make digital the money of fools?

[FriedrichVonHayek]

Silver was making a run for $26 and now it's been smashed back under $25.

JP Morgan must be trying to get some cash together to takeover First Republic Bank.

They can't keep it down forever!

Edited May 1, 2023 by FriedrichVonHayek

[HonestMoneyGoldSilver]

I click on these videos expecting to hear hype, misinformation and somebody to try to sell me something. This video was a pleasant surprise:

 

[katyc]

 

45 minutes ago, HonestMoneyGoldSilver said:

I click on these videos expecting to hear hype, misinformation and somebody to try to sell me something. This video was a pleasant surprise:

 

Thanks @HonestMoneyGoldSilver. Once my other half finally stops playing COD I'm gonna pop this on the telly!

[gji25]

now where did i bury that silver ?

 

[Bars]

At £20.73 time of posting!

[GoldDiggerDave]

Received my box of Pokémon cards today, cost £100,  I’ve decided to time capsule this away with 4oz of silver Brits just to see which one performs the best over a period of time.  
 

Do you think I will get more return with the Pokémon box set with a base metal Pokémon card or the 4 oz of silver? 
 

Also I’ve just transferred one of my isa’s  now at 4% interest, so I’ll include £100 of cash at 4%  to see which one out of the 3 will see the best return. 

Edited May 9, 2023 by GoldDiggerDave

[CazLikesCoins]

1 minute ago, GoldDiggerDave said:

Received my box of Pokémon cards today, cost £100,  I’ve decided to time capsule this away with 4oz of silver Brits just to see which one performs the best over a period of time.  
 

Do you think I will get more return with the Pokémon box set with a base metal Pokémon card or the 4 oz of silver? 
 

 

When a box of Pokemon cards can end up costing more than a mansion, there's something wrong with the world 🤣

[HerefordBullyun]

1 hour ago, CazLikesCoins said:

When a box of Pokemon cards can end up costing more than a mansion, there's something wrong with the world 🤣

Remember Lego has a better ROI than gold..... and probably Daves Dr Martins

[CazLikesCoins]

4 minutes ago, HerefordBullyun said:

Remember Lego has a better ROI than gold..... and probably Daves Dr Martins

A pair of old boots worth more than a Pokemon in turn worth more than a Lego castle worth than a Mansion? What's going on! 🤪

[EdwardTeach]

9 hours ago, GoldDiggerDave said:

Received my box of Pokémon cards today, cost £100,  I’ve decided to time capsule this away with 4oz of silver Brits just to see which one performs the best over a period of time.  
 

Do you think I will get more return with the Pokémon box set with a base metal Pokémon card or the 4 oz of silver? 
 

Also I’ve just transferred one of my isa’s  now at 4% interest, so I’ll include £100 of cash at 4%  to see which one out of the 3 will see the best return. 

Along with the stock market, crypto and classic cars, toys like Pokémon and Lego have done well in the era of massive QE since the 2008 financial crisis. I bought some Nintendo Amiibo toy figures for £140 five years ago and they have doubled in value in that time. However I think that going forward real things which are real world useful like commodities and PMs will do better over the next ten years.

 

Edited May 9, 2023 by EdwardTeach

[flyingveepixie]

@GoldDiggerDave I suspect the Pokemon cards will perform best of all.

 

BTW. Has the spot price banner vanished from anyone else's screen?  I can't see it on mine.

Edited May 9, 2023 by flyingveepixie

[Earthmetal]

8 hours ago, flyingveepixie said:

BTW. Has the spot price banner vanished from anyone else's screen?  I can't see it on mine.

Gone up so fast it's flown right off the top of the screen. Mine's dangling from my dining room light fitting at the moment.