Silver Monitoring Thread £ (GBP) only.

[silversky]

18 hours ago, Chronos said:

Silver forum mentioned around 2:00 mark:

 

Apparently we're the hard core stackers...  been around since before it was trendy...  as old as the hills or summit like that.... and we know what we're talking about!!!...

But it's a fair point he raises about how much Silver to hold.  I can't remember where I posted my views and reasons on it, but I reckon holding your own weight in Silver is a good start.  It's more than enough to keep you and the family out of trouble in a severe financial devastation including no electricity water etc. and it's enough to make a nice difference if it just does a 5 to 10 times revaluation due to commodity shortages and or precious metals revaluation.  The former outcome is extremely unlikely, but the latter one is entirely likely at some point imo.

[silversky]

Silver looks to be leading gold down at the moment.  Gold might have put in a little double top on the daily, but Silver barely made an effort and is already chugging downhill.  Maybe gold will pick up and drag Silver with it reluctantly.  It certainly doesn't look keen to rise at the moment.

Edit: added below.

Silver looks like it's already rolled over the top, and getting ready to plummet back to £18...  but maybe not.

 

Whereas Gold looks like it's still fighting with the top and hasn't given up yet.  It might or might not go for an extension, and if it does then Silver will probably have it's decline halted and behave like a sullen child rather than follow suit enthusiastically.

 

Edited March 26 by silversky

[littleredflower]

1 hour ago, SidS said:

Numismatic coins vary.

Decent condition coins (already worth many times spot) will barely move with silver price increases, they will follow trends of whatever is popular. Sometimes they will stagnate completely, sometimes they will soar. Victoria Young Head coins were very strong movers in the mid-2000s.

Lower grade coins that SHOULD track melt value will increase on a bull run, but very often will go for crazy prices way beyond what they should be worth. Take prices of pre-1920 silver lots on eBay for example. They can sell for double or even treble their melt. Yet a bullion dealer will give you less than spot for them.

Thanks for the benefit of your wisdom. Knowledge is power

[Earthmetal]

58 minutes ago, silversky said:

I reckon holding your own weight in Silver is a good start.

Why do fat people need to have more silver, is it to buy more pies?

[Gruff]

18 minutes ago, Earthmetal said:

Why do fat people need to have more silver, is it to buy more pies?

Absolutely!!! Also means donkey can carry more

[Fishy321]

On 25/03/2024 at 09:06, FriedrichVonHayek said:

For anyone who has a bullionvault account there are often withdrawal notices for an entity called the DOCTOR who withdraws metal on a regular basis and they have just withdrawn 3262kg from the London vault.

Chunky!!! 

[Roy]

Remember guys, silver will break out to new highs, some time in the future.

Edited March 27 by Roy

[Earthmetal]

On 25/03/2024 at 09:06, FriedrichVonHayek said:

For anyone who has a bullionvault account there are often withdrawal notices for an entity called the DOCTOR who withdraws metal on a regular basis and they have just withdrawn 3262kg from the London vault.

According to @silversky theory, imagine the size of The DOCTOR, and how many pies he must buy!

[Spyder]

Still waiting to offload another 5kg at £650, keeps getting within £10 and then drops. Now £27 away. 

Silver always seems to be the ugly ducking, when will it be the swan? asked a million invested since April 2011

[gji25]

Good news for silver stackers as it seems India is bleeding the lbma and the comex dry through the back door ( / )

[bluemoon]

Come on silver my attention span is short. I need my dopamine hit.

[dicker]

Is silver going to snap higher and follow gold?  I don’t know…. Thoughts?

[SidS]

1 minute ago, dicker said:

Is silver going to snap higher and follow gold?  I don’t know…. Thoughts?

I hope not! I've got a few irons in the silver fire at the moment, I don't want it going up any time soon! 😁

[FriedrichVonHayek]

https://www.bullionstar.com/charts/silver-price-today

Silver is a few pence shy of £22oz in Shanghai.

[Petra]

Going up…….🔥🔥😮😮

[ArgentSmith]

11 minutes ago, FriedrichVonHayek said:

https://www.bullionstar.com/charts/silver-price-today

Silver is a few pence shy of £22oz in Shanghai.

 

[Petra]

Dealers can’t currently afford the gold😮🤔

[katyc]

Silver's gonna have it's day. It's ridiculous performance is thanks to the likes of Comex manipulation. What's gonna happen when they do run out of physical? Do we think the Comex will get away with paper priced manipulation then? It won't. 

Gold is insurance and I do prefer gold to silver for the security/less volatility (I personally believe 5-10% of net worth should be in gold). But silver is also an investment. There is not enough available and only a tiny amount being mined due to the poxy cost it's currently at (good news for us - still time to buy!)

I ignore the silver bashers. They'll he wrong evetually. And most of them know it deep down. Ironically members of "The Silver Forum" come here and slag silver off. I think I'll join the Harry Potter fan club. Don't like him though. But I do like Snape, so I'll just tag along there and slag Harry off to his fans 😆🤦🏼‍♀️

Most people can't afford gold and shouldn't be belittled for buying silver, they should be applauded for understanding real money - only 0.5% of people do. It's better than spending disposable income on booze, junk food, gambling.

Yes, when silver has "it's day" it can take decades and may only last a few years. But when it arrives - it ARRIVES! And with tech coming, we need it more than ever. Copper is the highway, silver is the glue.

This is a great video on gold. It gives silver about ten seconds at the end 😆 (still very positive though!)

 

[silvergaga]

3 hours ago, FriedrichVonHayek said:

https://www.bullionstar.com/charts/silver-price-today

Silver is a few pence shy of £22oz in Shanghai.

The Chinese people are much more aware of what is going on in the financial world than we are in the west.

The manipulators are going to battle, the silver liberation army in the west did a good job for a while in 2011 trying to break Jamie Dimon's bank in USA, but we were not big enough.

Asians from India and China will not follow London or New York. We will be forced to follow them.

After hours dealing on the gold market last night shows how much they are in the poo. Ha ha, at last we will see a proper price for our silver. 1oz gold bullion buying 90 ozs silver bullion is not logical. Ask the Earth's crust.

[timsk]

7 minutes ago, silvergaga said:

. . . 1oz gold bullion buying 90 ozs silver bullion is not logical. Ask the Earth's crust.

"Ask the Earth's crust."  Nice one silvergaga! 😄

We all have a gold to silver ratio we'd like to see - but what do you believe is a logical and realistic expectation - if not in the short term (i.e. this year - early 2025), then in the medium to long term (i.e. 2 - 5 years)?

[stefffana]

7 minutes ago, timsk said:

"Ask the Earth's crust."  Nice one silvergaga! 😄

We all have a gold to silver ratio we'd like to see - but what do you believe is a logical and realistic expectation - if not in the short term (i.e. this year - early 2025), then in the medium to long term (i.e. 2 - 5 years)?

A healthy ratio for long term would be in my opinion 60:1. This would be sustainable for everyone, stackers, collectors, industry. At the current spot for gold at £1770/oz, silver should be @£29-£30/oz.

 

[katyc]

4 minutes ago, stefffana said:

A healthy ratio for long term would be in my opinion 60:1. This would be sustainable for everyone, stackers, collectors, industry. At the current spot for gold at £1770/oz, silver should be @£29-£30/oz.

 

They are currently mining silver to gold at 7:1 (while using up the existing silver at an exponential rate). I wouldn't be surprised if the price ratio went massively lower than 60. Half that.... Maybe less.... One day....

A girl can hope, right? 😬 🤞

Edited March 29 by katyc

[bluemoon]

Could someone explain why the GBP spot price of silver is dearer in China? I thought the spot price of silver is the spot price of silver.

[HonestMoneyGoldSilver]

1 minute ago, bluemoon said:

Could someone explain why the GBP spot price of silver is dearer in China? I thought the spot price of silver is the spot price of silver.

One is London-New York the other is Moscow-Shanghai

[theman73]

1 hour ago, katyc said:

I ignore the silver bashers. They'll he wrong evetually. And most of them know it deep down. Ironically members of "The Silver Forum" come here and slag silver off. I think I'll join the Harry Potter fan club. Don't like him though. But I do like Snape, so I'll just tag along there and slag Harry off to his fans

It's like iPhone vs Android, iPhone users are like a cult and they feel superior just because they have an iPhone.

Not because they are but because they have an iPhone.