Silver Monitoring Thread £ (GBP) only.

[Stacktastic]

12 minutes ago, James32 said:

It's 2024, who the **** is going to mine it at sub £15 oz?

Its all manipulated & if one sector goes through the roof then the other goes down etc. 
Silver also is an industrial metal so will suffer if we hit a recession/depression or major economic shiite storm. 

As we saw in 2021 - if enough people decide to buy or sell it can make it move - regardless of what miners are doing. 
Its idiots on smartphones following wall street bets or maybe hedge funds. 

One things for sure banks have been buying record amounts of gold, which points towards them hedging for some reason. 
They have not (as far as I am aware) been buying record amounts of silver.

It was options expiry on the 22nd that caused this dip in price I would say?  
Dont know if thats been discussed on here or not as im taking a bit of a break from it all. 

Edited April 24 by Stacktastic

[katyc]

16 minutes ago, Stacktastic said:

Starting to wonder if we will see sub £15 again now?? 

I've just done a bit of sick in my mouth

(goes to check there's any brandy in the house)

Talk below £20: REPORTED

[Roy]

4 minutes ago, theman73 said:

Why £25?

They are selling at that here 😊

[Stacktastic]

9 minutes ago, katyc said:

I've just done a bit of sick in my mouth

(goes to check there's any brandy in the house)

Talk below £20: REPORTED

is this an in-joke now?  

I still think it can and might tank given the right circumstances.
£15.27 ideally LOL. 

Gold - dont think so (unless Klaus Swabb washes up on a beach anytime soon). 

Edited April 24 by Stacktastic

[Paul]

Speaking as an old bitter and twisted stacker, even when silver went sub £10 the price of an actual physical 1oz delivered isnt much less than today,it hasn't  deviated too much at all to be fair.

If I had my stacking life again, play the silver percentages on bullionvault/gold money/ETF

Physical in UK = dead duck for common bullion

[theman73]

26 minutes ago, Roy said:

They are selling at that here 😊

How many are selling at that price? 10? 20?

The forum is a closed market, more of a PM fun club.

The real price of the secondary market is made by the dealers pre-owned offer and eBay.

What we see here for sale right now is a limited old stock sold by the stackers cashing in the profit. 

Britannia KCIII under £27 it's a bargain at this spot price. 

[Roy]

1 minute ago, theman73 said:

The forum is a closed market, more of a PM fun club.

I like that! Long may it reign 😊

So £25 pp is a bargain?

[theman73]

4 minutes ago, Roy said:

So £25 pp is a bargain

Definitely yes.

[ZRPMs]

49 minutes ago, Stacktastic said:

is this an in-joke now?  

I still think it can and might tank given the right circumstances.
£15.27 ideally LOL. 

Gold - dont think so (unless Klaus Swabb washes up on a beach anytime soon). 

Totally agree. I don't see gold going back to £15.27 either. (even if Klaus get's his beach time)

[HerefordBullyun]

5 hours ago, ZRPMs said:

Too much meat on my bones to be accused of being a vegan. Or cyclist for that matter.

So basically you like polishing one’s trumpet furiously and bacon sandwiches like 99.9 of white middle aged brit men then

[katyc]

1 hour ago, Stacktastic said:

I still think it can and might tank given the right circumstances.
£15.27 ideally LOL. 

Doesn't it cost nearly $20 just to mine an oz of silver? + minting, transporting, VAT etc....

I just can't see it happening. But if it does, I'll be backing up the truck. BEEP BEEP!

[katyc]

Just now, katyc said:

Doesn't it cost nearly $20 just to mine an oz of silver? + minting, transporting, VAT etc....

(Reported self for mentioning USD in a GBP thread)

[Darr3nG]

2 minutes ago, katyc said:

I'll be backing up the truck.

The mining truck or the transport truck?

[Chronos]

7 minutes ago, katyc said:

(Reported self for mentioning USD in a GBP thread)

Reported you for good manners.

[katyc]

12 minutes ago, Darr3nG said:

The mining truck or the transport truck?

The micro truck at the front as I've spent up this month....

[HerefordBullyun]

8 minutes ago, katyc said:

The micro truck at the front as I've spent up this month....

If that's your first world problem on the micro side. You've never seen me in the shower and reported just incase your curious about a fat pot belly eyed mirco middle aged lunatic who smells of twiglets and wee...

[stefffana]

27 minutes ago, HerefordBullyun said:

If that's your first world problem on the micro side. You've never seen me in the shower and reported just incase your curious about a fat pot belly eyed mirco middle aged lunatic who smells of twiglets and wee...

@katyc can't see your comments, I am sorry to tell you, mate. She blocked you long time ago I'm afraid...

 

 

[bobski]

£21.83

[Gruff]

2 hours ago, katyc said:

(Reported self for mentioning USD in a GBP thread)

Altruistic of you to fall on your own sword 

[bobski]

£21.77

[bobski]

£21.81

[Petra]

🤔😮as per the other lot…. we’re in a dip, best you🐳🐳get buying and selling😮🔥

[andyaclean]

/

Edited April 25 by andyaclean

[Petra]

£22.16 … going up

Get buying 🔥🔥

 

[HonestMoneyGoldSilver]

6 hours ago, Petra said:

£22.16 … going up

Get buying 🔥🔥

 

£21.93 ... going down

Get buying 🔥🔥

(My guess is we close above £22, there's an outside chance we get to around £22.40 and break $28 for the third time this month, to be sure, to be sure, to be sure)