Silver Monitoring Thread £ (GBP) only.

[craig12]

if you could have bought through midnight to 6am silver touched £10.60 ish  im sure sites like atkinsons  move with the market

[HelpingHands]

[SilverPirate]

It has got to be the best time to buy a shed load,When i was buying  @ £33 i wish i had got in at these prices,now we are there, is there any need to inquire?

It is just how long have you got before you need to cash in,Might be 20 years for all i know before it hits £33 again but wow these are low days.

[Shamatti]

Spot is still tracking very close to the £10.80 as predicted by Mr Craig12! If he gets this one right again I will be very impressed.

[garthy]

Heavy falls again this morning, May have something to do with the ECB saying they will do whatever it takes to stimulate the economy, should be a good day for markets and a bad day for PM's. I have to admit I never thought silver would get this low but now it's here anything's possible.

[simon13]

Maple watch. £12.78. Looks like the premium has gone up on the 25th anniversary maples.

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[Fluttershy]

I`v read in 4 or 5 different places that $15 XAG is quite likely, not sure what that is in GBP (about £9 I think?), I suspect it`s quite possibly going to happen to as well, even if only for a short time, some say lower than this! but I can`t see it somehow.

[craig12]

the so called experts are saying that super low price silver wont be available to buy as the stocks will have all been purchased  so I suppose its a cagey game , do you buy in slightky higher to ensure you get your silver or wait till £6-£8 and hope there is some

[FTYBR]

Much lower than this and I think we'll see our bullion dealers hanging 'gone fishing' signs on their doors!

After option expiry today, I'm expecting it to start rising tomorrow or even overnight - and could be a sharp snap back to $19 within 7-10 days. That's what my little birdie tells me anyway (Sticking neck out here!)

When EVERYONE's expecting it to go even lower, that's when it'll do the exact opposite.

...hey remember when you could buy a maple for under £12.80!

[Shamatti]

Spot price can't drop below mining price, technically impossible. So I don't think we will see any £9 ounces any time soon!

They can manipulate it so far!

 

I see we hit £10.66 at one point today! That's one bet I would have lost right there! lol

[simon13]

Maple watch. £12.82. STG have changed the pricing of maples (upped low volume, discounted high volume). Maple watch will now be the price for 1-99 from STG.

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[FTYBR]

Here is when that price got hit...

Of course that's how you're supposed to offload all those contracts! Not uncommon anymore

Not often done around US open though - smacks of desperation

[HelpingHands]

Much lower than this and I think we'll see our bullion dealers hanging 'gone fishing' signs on their door

I think we'll see some dealers go under sooner or later. Even though there are savings to be made using currencyfair and transferwise I think I'll stick with PayPal/cards. I may be being over cautious.

Edited September 25, 2014 by Helping Hands

[ukstack]

will we see it go back over £11 this week or will it go under the 10.50 

[silversword]

Guessing it will stay more or less steady. I think anything within the £10.50 - £11.00 range still represents a very good price.

[FTYBR]

Although there'll generally be plenty of availability for us peasants in coins etc., the Shanghai exchange inventory is getting emptied. For those of you who don't know, Shanghai exchange is an actual physical silver (delivery) market - the only one. Comex/SLV are all paper contracts (delivery in cash settlement)

This time last year, inventory stood at 462,000kg. It's now 93,300kg.

As I understand, there's about 1 or 2 months left of physical silver. Once that's gone.... (Anyone's guess but I think it might be massively bullish in dollar terms).

Now down to just over 80,000kg (about 58,000 kg taken in last month). Next few months could be interesting

[craig12]

Guessing it will stay more or less steady. I think anything within the £10.50 - £11.00 range still represents a very good price.

thats some spread , im sure you,ll be correct

[LongJohn]

I predict the silver price will drop by about 10p on the ounce.... shortly after I click confirm on my next STG

order, I base my opinion on historical experience! Nice to feel I influence the silver price, although who'd

have thought 25 Maples could have that much effect. 

[simon13]

Maple watch. £12.78

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[simon13]

Oh, alert triggered at $17.18!

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[UKSILVERCOINS]

Spot £10.63 and dropping.. GSR 70

[simon13]

I'm in London this weekend and was going to stop by HGM for gold. Can't resist low silver. Going to hold for a little bit and see.

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[simon13]

I think Long John just ordered.

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[LongJohn]

I think Long John just ordered.

 

Sorry guys, should have given advanced warning! 

[crazy hippo]

dipped as low as 10.57 just now... watch it fall...

Glad i just started stacking.