Silver Monitoring Thread £ (GBP) only.

[craig12]

already lower than last weeks close

[Shamatti]

Doing well today, 15p up already! Will the afternoon see it drop again? I'm not too sure!

[BaldyBob]

Regretting not putting in an order yesterday

[craig12]

ouch all this weeks gains nearly gone  back around the £10.83 figure

[HighlandTiger]

LOL, it seems when the price just scrambled over the £11 mark all the traders got a nose bleed and it's been downhill all the way since then.

 

£10.77 now. 

[Danny-boy]

Very interesting to watch.

I thought £10.50 was the bottom when we touched it, but seeing it drop back down so quickly makes me wonder if we might hit £9.XX sometime soon.

$80 a barrel oil is looking likely too, it's hovering just above now.

[HighlandTiger]

Very interesting to watch.

I thought £10.50 was the bottom when we touched it, but seeing it drop back down so quickly makes me wonder if we might hit £9.XX sometime soon.

$80 a barrel oil is looking likely too, it's hovering just above now.

 

Not a fan of graphs but I know the traders are, (and they are the sheep that create these crazy swings in prices) and looking at historical prices it seems that the £10 mark is a bottom point of some sort. If that gets breached then I think all bets are off and we are in new territory.

[Shamatti]

We are still up on the last week or two. I think every time it tries to recover someone slaps it down again. What we re seeing is the silver price trying to naturally recover, and the manipulators reacting to counter that. Fascinating.

 

I agree, I don't think we will see it drop below £10. I think it is trying to recover and soon it will have to.

[Shamatti]

£11 anyone?!

[Hillbilly Sheep]

Sorry for my ignorance, but what happened on the 28th May for the price to spike at £14 before going right back down again ?

[Danny-boy]

Sorry for my ignorance, but what happened on the 28th May for the price to spike at £14 before going right back down again ?

According to my chart, £14 was last October / November.

[Hillbilly Sheep]

I'm getting my info from here http://www.thegoldbullion.co.uk/silver-price-chart?t=1

[Danny-boy]

I'm getting my info from here http://www.thegoldbullion.co.uk/silver-price-chart?t=1

I must say, I don't remember that spike.

Maybe a glitch on the chart, my Kitco chart doesn't show it.

[Hillbilly Sheep]

Aye, checked other charts and they don't show it. Must be a problem with that sites chart.

[Lindeman]

Yup - looks like I blinked and missed the Au Ag bottom, with only a single sovereign purchased in last 2 weeks....and now painful to see it at £775+ again. I regret not getting the 1 oz lunar horse from Goldline when it was about £773, now it's over £800 again. Sometimes you have to tune out though and use £ for normal stuff instead!!! I made some share purchases recently, but mainly high yield stocks where I am not looking for high capital growth. All good. Think we will see some re-testing of the lows before the year ends! as the technical traders live by the charts, so there will always be another chance to buy. In the meantime - I may buy some bulbs for the garden...

[Shamatti]

I managed to grab about 27 ounces while it was at the bottom. Chuffed about that. Wishing it would stay down a bit longer as I need to grab some more stuff to be delivered to my new address. So if we could please have one more big dip in about 2 weeks time, that would be lovely!

[Pete]

Sometime in the distant past I was led to believe that commodities like PMs followed the stock market as if on the other end of a see-saw.

That would have seen a significant increase in gold and silver as stock markets have recently plunged by up to 10% but this hasn't happened.

Anyone know why PM prices remain depressed ?

Some analyists claim the stock market has merely "corrected" but as P/E ratios are not inflated I think the market is value right now so something is not right with the mix and I am convinced there are big moves ahead but in PMs or markets - I cannot tell.

[simon13]

Maple watch £12.86

[LongJohn]

Maple watch £12.86

 

And shipping starts on the 23rd October?  Never known STG to run out,

maybe Warren Buffett reinvested  what was left after selling his Tesco shares 

in Ag. 

[simon13]

I was thinking about some more brits, the funny horse privy mark ones.  I spent too much on whisky this month so I'm not getting any more silver unless I see a good drop.  I'll set my alerts for the high $16's

 

Its annoying that my alerts are in USD but I want to know the price of silver, GBP.  Anyone know a free texting service or app for the iphone?

[LongJohn]

I was thinking about some more brits, the funny horse privy mark ones.  I spent too much on whisky this month so I'm not getting any more silver unless I see a good drop.  I'll set my alerts for the high $16's

 

Its annoying that my alerts are in USD but I want to know the price of silver, GBP.  Anyone know a free texting service or app for the iphone?

 

I have the Kitco app on my Android phone and it allows me to

place a widget on my homescreen with Ag £ per Oz, not sure 

if it's available for Iphone though.

[simon13]

nope   stupid apple.

[LongJohn]

It would be in STG's favor, amongst other companies, to do an email alert based on a set

product reaching a maximum/minimum, as it would no doubt lead to more orders.

[simon13]

also set gold alerts for $1190 too.  We'll see who wins   My rule while not having a lot of spare cash is to buy low when my alerts are triggered... worked pretty well so far.

 

An official STG maple watch would put me out of business on this thread.

[Danny-boy]

nope stupid apple.

Kitco app is on iOS. I use it, it's good.