Wallstreetbets eye up SLV

[DBCooper]

Well lads and ladies

my bank of Scotland online share dealing has stopped me buying into  SLV or PSLV as of this afternoon ! saying that they no longer allow trading in them , but they did let me execute a sizable buy order for First majestic silver just now. 

and most of the dealers in the UK are out of stock or not selling silver right now .

me thinks some thing major is afoot hold on tight lads  here we go !

regards

DB

Edited January 31, 2021 by DBCooper

[CadmiumGreen]

Good job APMEX...guess this is another way of going about this...

[Robda1986]

6 minutes ago, Pipers said:

Looks like here we go again. 

IMO Silver will go to 45-1 silver/ gold

44:1 is easier to work out exchanges at 10oz = sov, 5oz = half sov 1/4 oz =12oz and so on 

[Pipers]

8 minutes ago, DBCooper said:

Well lads and ladies

my bank of Scotland online share dealing has stopped me buying into  SLV or PSLV as of this afternoon ! saying that they no longer allow trading in them , but they did let me execute a sizable buy order for First majestic silver just now. 

and most of the dealers in the UK are out of stock or not selling silver right now .

me thinks some thing major is afoott hold tight lads  on here we go !

regards

DB

Chards said they are taking orders

sorry just noticed you are from the US

 

Edited January 31, 2021 by Pipers
mistake

[Pipers]

2 minutes ago, Robda1986 said:

44:1 is easier to work out exchanges at 10oz = sov, 5oz = half sov 1/4 oz =12oz and so on 

Yeah you are right, 

I was thinking more of aroung the $40 mark and gold not moving.  Then moving forward fom there. 

[Silversavant]

5 minutes ago, Pipers said:

Chards said they are taking orders

 

Think this was to do with shares and not physical  (not Chards doing shares, DBcooper)

Edited January 31, 2021 by Silversavant
Wasn't clear

[silversky]

3 minutes ago, Pipers said:

Chards said they are taking orders

 

The question is really whether the European and American dealers are taking orders.  

[Drifty]

3 minutes ago, silversky said:

The question is really whether the European and American dealers are taking orders.  

We won't know until market opens tonight. Lots of videos about american dealers and people being unsure if they are stopping orders to wait until market opens and making more money from the expected price rise on opening or if they are completely out of stock.

I don't know if it's the same over here. I tried to put some funds to buy some coins from Royal Mint but the payment wouldn't go through on RM's end.

[silversky]

I just stuck 1000 Britannias into the cart on the GS.BE website to see if they are selling at bulk.  Seems they are but something odd happened.  Prior to putting them in the cart, their page said they are selling for US $32.53.  But immediately I put them in the cart the price jumped to $32.80. 

[Pipers]

Yeah, it will be a big ask to move silver, though i can see a snow ball effect happening, the public its easier with silver as it is very easy to buy.  If the dealers get big orders then thats when the silver price will move.    

 

[SilverMike]

I know its only an indication, but pushing at a major resistance https://ftx.com/trade/SLV/USD

i wonder if there is more going on than we think hedgefund vs hedgefund vs hedgefund... be interesting to watch tonight

[Pipers]

2 minutes ago, silversky said:

I just stuck 1000 Britannias into the cart on the GS.BE website to see if they are selling at bulk.  Seems they are but something odd happened.  Prior to putting them in the cart, their page said they are selling for US $32.53.  But immediately I put them in the cart the price jumped to $32.80. 

Standard order for some that a couple of years back 😀

[Paul]

In the "out of hours" market on Bullionvault (vaulted physical metals)

The dollar $ price for silver is currently $2+ from what spot was on when it closed out Saturday

What is there to expect when Asian markets open later??

[silversky]

And the price per ounce has just risen again to $34.08  Either there are buyers buying or they're getting nervous.

[motorbikez]

54 minutes ago, DBCooper said:

Well lads and ladies

my bank of Scotland online share dealing has stopped me buying into  SLV or PSLV as of this afternoon ! saying that they no longer allow trading in them , but they did let me execute a sizable buy order for First majestic silver just now. 

 

 

You are taking a massive risk buying when the market is closed, First Majestic closed at 23.07 CAD could be anything tomorrow when markets open. I hope you put a limit order in or could  cost you.

[MrFreezerrr]

1 hour ago, silversky said:

I just stuck 1000 Britannias into the cart on the GS.BE website to see if they are selling at bulk.  Seems they are but something odd happened.  Prior to putting them in the cart, their page said they are selling for US $32.53.  But immediately I put them in the cart the price jumped to $32.80. 

I’ve been following the prices on GS this evening and they are gradually rising. Silver 1 oz Kangaroo went from 26,05€ to 27,31€ in matter of hours. I’m also noticing rising changes in lots (if not all) of other silver coins. I don’t think it has anything to do with the shopping cart.

[Silversavant]

Same on ebay, snagged a couple of britannias earlier, would not be surprised if the vendor decided not to post tommorow.

[DBCooper]

30 minutes ago, motorbikez said:

 

You are taking a massive risk buying when the market is closed, First Majestic closed at 23.07 CAD could be anything tomorrow when markets open. I hope you put a limit order in or could  cost you.

yeah 

Limit order in place 

not my first rodeo

Regards 

DB

[Paul]

Atkinsons Uk

Purchases paused now until tomorrow morning

Probably "everything out of stock", "web site upgrade" or "staff training" if silver goes daft through the night  

[Spark268]

and its not possible to get bars of any size for love or money from any dealer !

has any one been following Roman Manly's posts on the GLD ETFs? 

[MancunianStacker]

6 minutes ago, Spark268 said:

and its not possible to get bars of any size for love or money from any dealer !

has any one been following Roman Manly's posts on the GLD ETFs? 

I just know PSLV is physical silver. 👍🏻 

So if I had to choose it would be that one 

[Chrissyblards1]

7 minutes ago, Paul said:

Atkinsons Uk

Purchases paused now until tomorrow morning

Probably "everything out of stock", "web site upgrade" or "staff training" if silver goes daft through the night  

They had some for sale till 15.45ish. Then went to call for details. 😂 got me a tube of kangaroos for £698 just before lockdown for market expectations/evaluations. 🤔

[Spark268]

Agreed, I would trust the Sprott vehicle also. 

According to its ETF page, its currently trading at a discount to spot? https://sprott.com/investment-strategies/physical-bullion-trusts/silver/net-asset-value-premium-discount/#

[Silversavant]

3 minutes ago, MancunianStacker said:

I just know PSLV is physical silver. 👍🏻 

So if I had to choose it would be that one 

 

[Robda1986]

"Unprecedented silver demand forcing bullion deals to stop taking orders before market opens | Kitco News" https://www.kitco.com/news/2021-01-31/Unprecedented-silver-demand-forcing-bullion-deals-to-stop-taking-orders-before-market-opens.html