Silver Monitoring Thread £ (GBP) only.

[SidS]

Someone wake me up when silver hits £25 per oz. I'll be in profit then.

[Earthmetal]

8 hours ago, EdwardTeach said:

Would you mind explaining what rinse and squeeze cycles are for the dumbos like me who don’t already know.

Money laundering.

[gji25]

a message from coininvest on there website.

Due to logistical issues, we are temporarily suspending shipments to the UK. Please contact: sales@coininvest.com with any questions.

imo it means there running out 😃

[gji25]

On 05/07/2023 at 15:11, theman73 said:

It's the middle finger from market manipulators

yes. fat fingers lol

 

 

[ant1882]

Just noticed a nice little jump in price today.

[monkey]

3 minutes ago, ant1882 said:

Just noticed a nice little jump in price today.

I'm hoping its the brake of a bull flag targeting about £21/ozt, but then I'll be missing out on lower buying prices....

[silversky]

Inflation lower than expected in US.

[Stacktastic]

1 hour ago, silversky said:

Inflation lower than expected in US.

yeah thats not good, although the rise in Silver was due to emotions on the banks. 
Its good for a drop in gold though, but the dollar & bonds are showing thier cracks. 

I have a live interview tomorrow on the economy, the QFS & Nesara Gesara so swatting up 
The BRIC's are really showing strength. 
Good for them if you ask me, not so great for Europe though. 

Edited July 12, 2023 by Stacktastic

[silversky]

4.4% up at the moment in the USA.  3.8% here in the UK.

It all kicked off after the US inflation numbers came in at 13:30.  Perhaps there's a feeling that the fed may be able to start reducing rates sooner than expected...  Not so sure that the UK will be in a position to do such a thing for a while though.

[gji25]

up and up . to da moon

 

[ant1882]

Continued strength again today.

[monkey]

Looks like a promising brake out. Just hope it stays relatively low until my per-orders need paying for 🤞

[gji25]

48 minutes ago, ant1882 said:

Continued strength again today.

must be the viagra

[ArgentSmith]

relative strength of the pound is going to be a headwind for quite a while I reckon

[Mphys]

Interesting that gold is down but silver up

[gji25]

Wait till aug 2023 when the brics summit  in africa ( where china has invested heavily in there infrastructure). then we will see some real movement 😃

[theman73]

12 hours ago, Mphys said:

Interesting that gold is down but silver up

The silver market is small compared to gold hence easier to manipulate by the big players.

[Coverte]

 

[Russell]

I don't care how long it takes I just keep on stacking.  Especially when you here Backyard Bullion was actually stopped from buying gold and silver from the Royal Mint by his bank. See his Youtube video on it.

[Coverte]

2 minutes ago, Russell said:

I don't care how long it takes I just keep on stacking.  Especially when you here Backyard Bullion was actually stopped from buying gold and silver from the Royal Mint by his bank. See his Youtube video on it.

I have just had a very similar experience, been on the phone most of the day with them - although I must admit my spend in one day was somewhat "enthusiastic" ............ 

[silversky]

Curious to see what happens after tomorrow morning's inflation figures.  The US figures last week had quite an impact on the price in USD.  One wonders whether the expectation is that the UK might show similar results.  Perhaps such an expectation is already baked in?  If so, a drop will be triggered instead...  Or perhaps UK inflation will remain stubbornly high, and a small drop will be triggered on the back of that data anyway.

[theman73]

1 hour ago, silversky said:

Curious to see what happens after tomorrow morning's inflation figures.  The US figures last week had quite an impact on the price in USD.  One wonders whether the expectation is that the UK might show similar results.  Perhaps such an expectation is already baked in?  If so, a drop will be triggered instead...  Or perhaps UK inflation will remain stubbornly high, and a small drop will be triggered on the back of that data anyway.

UK data won't affect the spot price, but who knows...

[silversky]

So data has come in with UK inflation lower than expected.  Clearly the small jump in price in £'s is a forex artefact for now.  But I wonder whether this will be seen by investors worldwide as an indication that leading (er cough cough) economies are likely to be reversing their high interest rate policies soon.  High interest is a big fear.  If that subsides I can see industrial confidence worldwide picking back up. I guess we'll know by lunchtime whether there will be much impact on the core price in USD.  So far it has responded by falling.

[flyingveepixie]

7 minutes ago, silversky said:

So data has come in with UK inflation lower than expected.  Clearly the small jump in price in £'s is a forex artefact for now.  But I wonder whether this will be seen by investors worldwide as an indication that leading (er cough cough) economies are likely to be reversing their high interest rate policies soon.  High interest is a big fear.  If that subsides I can see industrial confidence worldwide picking back up. I guess we'll know by lunchtime whether there will be much impact on the core price in USD.  So far it has responded by falling.

Here's the link for anyone who wants to see it. 

7.3% huh.... 🤔

Where's that large pinch of salt I was looking for earlier...

https://www.ons.gov.uk/economy/inflationandpriceindices

 

Edited July 19, 2023 by flyingveepixie

[flyingveepixie]

And here's the silver chart for the last 24 hours...

 

Edited July 19, 2023 by flyingveepixie