Silver Monitoring Thread £ (GBP) only.

[HonestMoneyGoldSilver]

4 hours ago, MBTPSilver said:

A really good week for silver, up nearly 5% vs gold's 0.6%. Could see some movement in either direction at lunchtime when the BoE decision is announced.

The Chinese are still infatuated with gold but the recent margin restrictions on the Shiffy (SHFE) have redirected some of the attention from gold to silver and other base metals. Silver is a vital strategic resource, the optimal solution for all electronics including solar panels, batteries, military technologies, etc. There is silver in every electronic device in your home from light switches to your dishwasher. The big surprise with silver is how long its taken to see any significant price action. Silver should have been well north of $30 in 2023 and while it did approach that in 2024, it was slapped down hard at the $30 level. It will be interesting to see what happens if/when silver gets close to $30 again like it did on Friday 12th April, almost exactly a month ago

Anyway, as you pointed out and continuing the trend throughout 2024, silver is outperforming gold:

[gji25]

On 30/04/2024 at 09:04, timsk said:

For those who are rootin' for silver to 'go to da moon', what they don't want to see is for price to plunge through the key £20.85 level and to close below it. This would be a bearish sign. What they want to see is for price to 'bounce' off this level and close above it. If (big if!) this happens, then price should move up to test April's high at just shy of £24.00. A close above this price level would be extremely bullish. Until then, we might well see some messy sideways price action for the next week or two until either the bulls or the bears take control and push price decisively in one direction or the other.

Needless to say, this is just my personal analysis with lots of ifs 'n buts, others may have a very different view.

ive seen more movement in a tramps vest

 

Edited May 9 by gji25
typo

[Chronos]

Hedge Fund Boss Loses Legal Fight Over 2,364 Silver Bars Found In WWII Shipwreck:

https://www.zerohedge.com/commodities/hedge-fund-boss-loses-legal-fight-over-2364-silver-bars-found-wwii-shipwreck

[bobski]

[Chronos]

£22,55

[bobski]

Current Price

£22.61

Live Change

-0.04% £-0.01

Live high £22.62

 

Live low £22.61

[bobski]

NOICE

[bobski]

Current Price

£22.61

Live Change

0.08% £+0.02

Live high £22.63

 

Live low £22.57

[Petra]

🤔😮upwards and onwards today……🤔but how high🤔

[James32]

£22.82

[bobski]

1 minute ago, James32 said:

£22.82

Lovely 

[Petra]

🤔after a bright start no doubt will end today as usual at a disappointing level…🤔

[James32]

Just now, bobski said:

Lovely 

I thought the night shift was over 😆 

[FriedrichVonHayek]

Shanghai

10 May 2024 

AM USD 31.73

PM USD 31.73

[theman73]

14 minutes ago, James32 said:

£22.82

Muy bien amigos

14 minutes ago, Petra said:

🤔after a bright start no doubt will end today as usual at a disappointing level…🤔

Not today

[silvergaga]

Up 8% in a week, great stuff.

[Happypanda88]

Silver up 16% in 12 months.

Has it beaten inflation yet ?

Edit: the price was around £15.80 in 10/09/2022 (the last post) so silver spot price up by about 44% since then.

 

 

Edited May 10 by Happypanda88

[James32]

£22.94

[bobski]

Live Silver Price UK in GBP per Ounce

Ag

Current Price

£22.55

Live Change

0.00% £0.00

Live high £22.55

 

CLOSED

[Gruff]

 

 

[FriedrichVonHayek]

The Chinese are still applying pressure to the Western Bullion markets.

 

Shanghai
13 May 2024
AM USD 31.10
PM USD 31.41

The Shanghai price for Silver is around £25.08

Edited May 13 by FriedrichVonHayek

[bobski]

Live Silver Price UK in GBP per Ounce

Ag

Current Price

£22.48

Live Change

-0.05% £-0.01

Live high £22.50

 

Live low £22.48

[Gruff]

7 minutes ago, FriedrichVonHayek said:

The Chinese are still applying pressure to the Western Bullion markets.

 

Shanghai
13 May 2024
AM USD 31.10
PM USD 31.41

The Shanghai price for Silver is around £25.08

 

4 minutes ago, bobski said:

Live Silver Price UK in GBP per Ounce

Ag

Current Price

£22.48

Live Change

-0.05% £-0.01

Live high £22.50

 

Live low £22.48

Good arbitrage between the two. ~10%

[bobski]

4 minutes ago, Gruff said:

 

Good arbitrage between the two. ~10%

I know what arbitrage is with regards to sports betting. I don't speak stockbroker/economist, unfortunately Squire

[FriedrichVonHayek]

7 minutes ago, Gruff said:

 

Good arbitrage between the two. ~10%

You would think even when you factor in transportation costs a refinery would easily make at least 7% by shipping it to China.