Silver Monitoring Thread £ (GBP) only.

[katyc]

 

[flyingveepixie]

18 hours ago, katyc said:

 

These guys always seem to say pretty much the same thing but the most I've ever seem silver rise to was £20 odd.  The spanner in the works is the paper/virtual silver market, and until that goes tits up silver will never rise.  It would be a very fine day for silver if all those holding worthless little bits of imaginary paper decided they wanted the actual commodity in physical form.  We can live in hope...

PS @monkey  Neil Oliver does a very good rant every week on his own YT channel.  Here is his latest..

 

Edited September 1, 2023 by flyingveepixie

[HonestMoneyGoldSilver]

That's a great analogy Mr. Oliver makes between Labour, Conservative and a pair of wrinkled and exhausted testicles. "They don't do anything, they just occupy a space"

Update September 7th - Silver is being smacked down by import figures from China - down 12.4% when the market was expecting down 5%

Silver has been falling for a couple of days now with no end to the bleeding in sight. Will we go back to £17???

Edited September 7, 2023 by HonestMoneyGoldSilver
Staying on topic

[Zhorro]

On 31/08/2023 at 10:47, Zhorro said:

 

Back in March, I reported that the paper to silver ratio was 364.29 to 1.  Interestingly it is now only (!) 273.99 to 1 - which is quite a fall in a matter of 5 1/2 months.  It will be interesting to see whether this continues - and the implications of this move (why has it happened, and will there be an impact on the spot price of silver?).

The paper to gold ratio has increased slightly in this time period - up from 121.32 to 1, to 127.19 to 1.  So, not really much change with gold.

The paper to silver ratio continues to fall - it is now 266.96:1

Edited September 8, 2023 by Zhorro

[BLOOMMAN101]

1 hour ago, Zhorro said:

The paper to silver ratio continues to fall - it is now 266.96:1

A bit here about gold/ paper ratio most of which goes over my head
https://www.youtube.com/watch?v=JB7FzsWXizk

[monkey]

Rather interesting Silver trend analysis, looking at the relationship of silver to oil.

https://odysee.com/@TheMarketSniper:f/EXPOSED_-Silver-Bulls-'Crying-Wolf'-again%2C-as-OIL-surges---Natural-Gas-turns:c?r=43BVfA6NzGmvwwAqLvNcbA5GrUv3J2bB&lid=queue

[silversky]

So, fed rate came in unchanged at 5.5% as expected, and the UK yearly inflation rate actually fell from 6.8 to 6.7%, rather than a rise to the 7% forecasted.  It's all just monkey magic numbers of course, but interesting to see what happens tomorrow with the BOE interest rate decision.  Will they continue raising by another 0.25 points, up to the 5.5% that the market expects?  It might just have a small impact on the pound if there's a surprise.  The price of Silver in pounds might rise a bit as a result of exchange rate action.

I'm guessing that the bank would like to raise rates.  But they must be considering how many people are starting to struggle to pay their mortgages as more and more come off fixed rate deals.  Poor US / global economic conditions are bad news for Silver, but the UK in stagflation is irrelevant.  I'm surprised that a real correction hasn't got underway in earnest, but it seems like the money men might just get away with another round before the big one...

[Zhorro]

On 08/09/2023 at 12:56, Zhorro said:

The paper to silver ratio continues to fall - it is now 266.96:1

The paper to silver ratio continues to fall.  It is now 254.88:1.  Back in March is was 364.29:1.  So, in the last 6 months some 30% of paper silver has disappeared (or I suppose silver production could have increased!). This would seem to be a significant amount but I have not seen any discussion of this development or its implications for the price of silver.

[HerefordBullyun]

7 minutes ago, Zhorro said:

The paper to silver ratio continues to fall.  It is now 254.88:1.  Back in March is was 364.29:1.  So, in the last 6 months some 30% of paper silver has disappeared (or I suppose silver production could have increased!). This would seem to be a significant amount but I have not seen any discussion of this development or its implications for the price of silver.

More people are taking delivery on the contracts for physical negating the amount paper contracts. The Comex is slowly getting drained. There will be bag holders at the end of it when the market blows.... The bag holders will just be paid off in Fiat thats worth nothing if massive financial crash happens...

but interestingly enough Ashai has started becoming a physical supplier to the Comex recently 

[Paul]

Are we at £50oz yet ?

( Asking for a friend )

[silversky]

So the UK BOE didn't raise rates yesterday.  And only a few articles about that surprise development...  Bad news is what's exciting for the media, so a surprise halt to rates rising doesn't have as much mileage as doom and gloom anti government rhetoric.

The market in Silver initially made an attempt to sell off, both here and in USD, but a pretty strong rejection followed. I was a little surprised by the initial move, but I'm guessing it was just a stop running exercise.  Both the USA and UK seem to be getting their ducks in a row slowly, and I suspect that the massive collapse and hyperinflation narrative has pretty much run its course.  For now at least....

It looks like the magic money managers might just succeed in pulling off another "healthy functioning economy" illusion, before the inevitable big one finally comes due.  UK and US politicians will certainly be keen to try to paint a better picture in the lead up to winter elections in 2024.

Edited September 22, 2023 by silversky

[monkey]

interesting vid on how the devaluation of debt can effect silver in the short term.

 

[BLOOMMAN101]

Act Now: Short Silver to Accumulate Your Bullion Investments!

 

[FriedrichVonHayek]

I have noticed an anomaly with the recent fall in precious metals in that the Gold/Silver ratio has narrowed from around 84 to around 81.

You would expect the ratio to normally widen.

[monkey]

7 minutes ago, FriedrichVonHayek said:

I have noticed an anomaly with the recent fall in precious metals in that the Gold/Silver ratio has narrowed from around 84 to around 81.

You would expect the ratio to normally widen.

More people buying silver then normal giving it more support in a sell off? Maybe the public is catching on.

[FriedrichVonHayek]

1 minute ago, monkey said:

More people buying silver then normal giving it more support in a sell off? Maybe the public is catching on.

I don't have a clue, but if PM's recover I would expect the ratio to contract further.

[monkey]

9 minutes ago, FriedrichVonHayek said:

I don't have a clue, but if PM's recover I would expect the ratio to contract further.

I agree with you there. There seems to be roughly an equal counter move on price charts including the gold silver ratio when there is a rapid extreme move.

With the gold silver ratio getting to 120 in 2021, I'm expecting it to get into the teens at some point in the next few years. Just a thought and observation on my part.

[silversky]

Changing Silver industrial expectations bias Vs financial anxiety bias for Gold?  I'm personally surprised by the severity of the ratio to platinum.  

[Stacktastic]

1 hour ago, monkey said:

More people buying silver then normal giving it more support in a sell off? Maybe the public is catching on.

Nice little wedge pattern here - interesting to see if it bounces about in that for a bit
Trend line going to major highs in 2020 and many lows to 2015. Probably further. 
This is not drawn very carefully/accurately btw! Bit rushed today! 

The blue line is probbaly when i will sell - I have a grand in it swing trading at 5% currently. 
I am quite bearish on Silver not so much gold. 

Anyone got any idea why Palladium is doing so well? 
I know its a different thread but this one is much busier. 
Only asking as I have a grand in that at the lows as well at 10% currently.  

Been loading up on mining stocks this week - GDX, NEM & AG - watching Barrick. 
Holding out for GDXJ as it has a load of miners in debt and silver miners. 
 

Edited September 29, 2023 by Stacktastic

[BLOOMMAN101]

7 minutes ago, Stacktastic said:

Nice little wedge pattern here - interesting to see if it bounces about in that for a bit
Trend line going to major highs in 2020 and many lows to 2015. Probably further. 
This is not drawn very carefully/accurately btw! Bit rushed today! 

The blue line is probbaly when i will sell - I have a grand in it swing trading at 5% currently. 
I am quite bearish on Silver not so much gold. 

Anyone got any idea why Palladium is doing so well? 
I know its a different thread but this one is much busier. 
Only asking as I have a grand in that at the lows as well at 10% currently.  
 

I've been watching this on the daily   I think it is an even longer time frame than yours ,

 

[silversky]

It's an interesting wedge that's built up, but it also looks quite possible that a much larger down wave could set off.  It's certainly not beyond the realms of possibility.  Back in May I fully expected this downwards action, but I didn't anticipate the rather lacklustre rises following it.  The price action now seems to have bunched up somewhat, without a break to the upside, which is starting to look a bit weak to me.  I guess I'm neutral on Silver for now.

[BLOOMMAN101]

7 minutes ago, silversky said:

It's an interesting wedge that's built up, but it also looks quite possible that a much larger down wave could set off.  It's certainly not beyond the realms of possibility.  Back in May I fully expected this downwards action, but I didn't anticipate the rather lacklustre rises following it.  The price action now seems to have bunched up somewhat, without a break to the upside, which is starting to look a bit weak to me.  I guess I'm neutral on Silver for now.

Yeah I'm no in hurry to go long atm

[silversky]

Yikes.  That's a big rise and fall today. Not sure what triggered that but there must be something causing waves.

[BLOOMMAN101]

7 minutes ago, silversky said:

Yikes.  That's a big rise and fall today. Not sure what triggered that but there must be something causing waves.

yeah saw that down about 90cents in 2 hrs

[theman73]

9 minutes ago, silversky said:

Yikes.  That's a big rise and fall today. Not sure what triggered that but there must be something causing waves.

 

Manipulation 

MANIPULATION

Manipulation

MANIPULATION

14:30 US market open

Edited September 29, 2023 by theman73