What is next for silver?

[modofantasma]

Place your guesses

[silvergaga]

£18.01

[theman73]

£18.01

[MonkeysUncle]

Down for now. It's edging towards where I might even buy some. Up longer term.

[MBTPSilver]

I think we could see a bit more strength in the pound the next few weeks if the new Brexit deal goes through, and some of the recession narrative starts to dissipate a little bit, Budget maybe helps out with energy bills etc. So my vote is down for now. Might even top up a bit more if we hit £16.50 or lower.

[theman73]

1 hour ago, MBTPSilver said:

I think we could see a bit more strength in the pound the next few weeks if the new Brexit deal goes through, and some of the recession narrative starts to dissipate a little bit, Budget maybe helps out with energy bills etc. So my vote is down for now. Might even top up a bit more if we hit £16.50 or lower.

I really don't think silver price is related to UK, JP Morgan have more influence on silver price than entire Uk...

Don't understand me wrong but UK is just a small country near Europe, 

''65 countries have claimed independence so far'' there were times when UK was a global power but not anymore.

Labour said yesterday that UK will sleep behind Romania in a few years...

Edited February 28, 2023 by theman73

[Fenlander1]

Based on the booming solar industry and its projected increase. Silver being a component within that industry combined with a downturn in mining due to increased costs, silver has to see a big increase within the next year.

[MackWhite]

Hope it's allowed, worth listening 

 

[Bigmarc]

12 minutes ago, MackWhite said:

Hope it's allowed, worth listening 

 

Just googled who miles Franklin is, apparently an Australian feminist writer. 

[MackWhite]

https://www.milesfranklin.com

Andy is watching closely BRICKS nation's development and interest in precious metals and report on them. As well as commenting on collapse of dollar. He adds to discussion things like belt and road initiative 

Edited February 28, 2023 by MackWhite

[MBTPSilver]

1 hour ago, theman73 said:

I really don't think silver price is related to UK, JP Morgan have more influence on silver price than entire Uk...

Don't understand me wrong but UK is just a small country near Europe, 

''65 countries have claimed independence so far'' there were times when UK was a global power but not anymore.

Labour said yesterday that UK will sleep behind Romania in a few years...

This is intended for UK only price, regardless of the main silver price in dollars. So assuming that the dollar price stays flat, and the pound gets stronger, silver is lower here.

In reality though of course, no, the pound could get stronger or weaker, but it will all mainly depend on what happens to silver globally.

[modofantasma]

So far since the post started we had a bit of a rally to £17.67 but now back below £17.... And so it continues

[Zeuk]

2 minutes ago, modofantasma said:

So far since the post started we had a bit of a rally to £17.67 but now back below £17.... And so it continues

To the moon (when its midday)

[modofantasma]

1 minute ago, Zeuk said:

To the moon (when its midday)

Silver getting a hiding today almost 5% down in dollar terms. GBP down Vs the dollar too which has shielded pound holders a little from the full brunt of it

[theman73]

20 minutes ago, modofantasma said:

Silver getting a hiding today almost 5% down in dollar terms. GBP down Vs the dollar too which has shielded pound holders a little from the full brunt of it

Same ol same old plus a sinking currency 

[silvergaga]

Gold/Silver ratio is 1 to over 90 now. The banksters are really battling to lower the gold price, and using weak old silver to try and keep the gold price from flying. They are getting desperate now. They are fighting a losing battle though. PM's will win in the end. Strong dollar eh?  Pigs are still flying all over the place. GBP price not varying that much. I still think we will get a new all time high gold price in the UK before the end of March.

[theman73]

23 minutes ago, silvergaga said:

Strong dollar eh? 

Yes, but JP Morgan loves easy money

[HillWalkerDundee]

Just read an article by arch ramper, though very knowledgeable, Keith Neumeyer who reckons that silver mines and processors will be bought up by EV manufacturers in order to secure supplies and to improve margins. Apparently, a Tesla car has a kilo of silver in it. Over time, he reckons that the restricted supply will result in a $150 per ounce price.

[MonkeysUncle]

Similar price thoughts here:

https://www.kitco.com/news/2023-03-08/Silver-price-to-rise-1-000-as-gold-hits-5k-by-2027-governments-to-debase-their-currencies-Rob-McEwen.html

[samj89]

Going to £14 in the next few months then It will be a buy 

[samj89]

12 hours ago, MonkeysUncle said:

Similar price thoughts here:

https://www.kitco.com/news/2023-03-08/Silver-price-to-rise-1-000-as-gold-hits-5k-by-2027-governments-to-debase-their-currencies-Rob-McEwen.html

Believe it when I see it. Heard the same old for 15 years 

[HillWalkerDundee]

13 hours ago, MonkeysUncle said:

Similar price thoughts here:

https://www.kitco.com/news/2023-03-08/Silver-price-to-rise-1-000-as-gold-hits-5k-by-2027-governments-to-debase-their-currencies-Rob-McEwen.html

The economic theory is sound enough but paper silver equates to fiat money, it bears no relationship to fundamentals and dilutes the underlying asset.

[samj89]

Tesla has more like 1 ounce of silver. Copper is good enough to use as a substitute and much cheaper 

[theman73]

6 minutes ago, samj89 said:

Tesla has more like 1 ounce of silver. Copper is good enough to use as a substitute and much cheaper 

Silver's conductivity and corrosion resistance make it necessary for conductors and electrodes; nearly every electrical connection in an EV uses silver and, in total, the auto sector uses 55 million ounces of it annually.

This is for 2021

[Bigmarc]

I thought silver was only used at point of contact when switching, like buttons, relays and other contact points. Because it doesn't oxidize it makes an ideal light contact conductive material. All hard wire points are ok with copper. Unfortunately I think Tesla is mostly touch screen unless they use silver solder which may happen in the future. 

Boron seems to be used a lot. Did try and find a company a while back to maybe invest in but not much luck.