vand

I wouldn't get too attached to the charts right now when the market is so volatile and there is a high probability that the price moves in a wide enough range to satisfy both bulls and bears!
Charts aren't infallible; only a few days ago I believe you were predicting a pullback which never materialised..
 

I wouldn't get too attached to the charts right now when the market is so volatile and there is a high probability that the price moves in a wide enough range to satisfy both bulls and bears!
Charts aren't infallible; only a few days ago I believe you were predicting a pullback which never materialised..
 

Looks like wonga was right all along

What an incredible run silver has been on. It's not impossible that it could take out its ATH this year.
On 15th December 2015, Silver bottomed at £9.07, having lost 69% of its value from a peak of £29.26  and needed a 223% rise to get back to its all time high.
Today, silver has climbed 132% off its low, and now stands 28% from its all time high, needing another 39% to get back to that price. 
 
 
 

Gold COMEX (Dec'20) (@GC.1:CEC:Commodities Exchange Centre) 
  + WATCHLIST *Data is delayed | USD Extended Hours | 7:00:00 PM EDT Volume       UNCH (0)       Last Yield Close | 10:25:58 AM EDT Volume 2064.1001  +43.1001 (+2.1326%)

Silver and gold are going up in all currencies, not just GBP.... price action does not reflect news. Price action foreshadows trends and front runs events that eventually make the news.
The secular driving factors are the same as they have been for the last 2 decades - unsustainable increases in national debt and central bank policy that increases the risk of systemic failure.  We had a cyclical breather between 2011 - 2015 while technologies like cloud and shale oil offered temporary respite, but these have been overwhelmed by the ongoing tide of government profligacy.
Nobody said that the progress has to happen in a straight line or at a constant pace. That would be too easy.  We've had slow, stuttering periods.. now we're in the middle of an accelerated period. Roll with the punches and keep a long term perspective.
 

Silver and gold are going up in all currencies, not just GBP.... price action does not reflect news. Price action foreshadows trends and front runs events that eventually make the news.
The secular driving factors are the same as they have been for the last 2 decades - unsustainable increases in national debt and central bank policy that increases the risk of systemic failure.  We had a cyclical breather between 2011 - 2015 while technologies like cloud and shale oil offered temporary respite, but these have been overwhelmed by the ongoing tide of government profligacy.
Nobody said that the progress has to happen in a straight line or at a constant pace. That would be too easy.  We've had slow, stuttering periods.. now we're in the middle of an accelerated period. Roll with the punches and keep a long term perspective.
 

You return at an interesting time sir, I hope you have been keeping well 

Silver and gold are going up in all currencies, not just GBP.... price action does not reflect news. Price action foreshadows trends and front runs events that eventually make the news.
The secular driving factors are the same as they have been for the last 2 decades - unsustainable increases in national debt and central bank policy that increases the risk of systemic failure.  We had a cyclical breather between 2011 - 2015 while technologies like cloud and shale oil offered temporary respite, but these have been overwhelmed by the ongoing tide of government profligacy.
Nobody said that the progress has to happen in a straight line or at a constant pace. That would be too easy.  We've had slow, stuttering periods.. now we're in the middle of an accelerated period. Roll with the punches and keep a long term perspective.
 

Silver and gold are going up in all currencies, not just GBP.... price action does not reflect news. Price action foreshadows trends and front runs events that eventually make the news.
The secular driving factors are the same as they have been for the last 2 decades - unsustainable increases in national debt and central bank policy that increases the risk of systemic failure.  We had a cyclical breather between 2011 - 2015 while technologies like cloud and shale oil offered temporary respite, but these have been overwhelmed by the ongoing tide of government profligacy.
Nobody said that the progress has to happen in a straight line or at a constant pace. That would be too easy.  We've had slow, stuttering periods.. now we're in the middle of an accelerated period. Roll with the punches and keep a long term perspective.
 

^ ^ ^ For Posterity.
We're going higher still. Sit on it and do nothing. Yes there will be pullbacks. Who cares.
 
Remember this immortal passage from Reminisences:
 

^ ^ ^ For Posterity.
We're going higher still. Sit on it and do nothing. Yes there will be pullbacks. Who cares.
 
Remember this immortal passage from Reminisences:
 

As we hit new highs, I am putting out another reminder - do not sell your metals. 
The bull market is now transitioning from its early adoption phase to its main phase. This will last for years during which time the gain in PMs will be in multiples. Those with patience to ride the long term bull market will be rewarded with real gains in the hundreds of percentage points - those so greedy to bag quick profits will be left behind at some point when the market takes off higher and they never manage to get back in.
Do NOT dance in and out of your main position. Trying to time the market is how people miss out of life-changing bull markets. The time to consider selling is still years away.

20 quid silver 👌

A plea to you all: sit on your hands.
We stand on the breakout of what will very likely be one of the greatest bull markets of our lifetime. Think about what has happened over the last 10 years: unprecedented level of stimulus into a monetary system that is no longer fit for purpose. This is much worse than the abuse of the system that drove the prior PM bull markets of 1971-1980 and 1999-2011. 
The fallout from this crazy experiment will drive the price of gold by similar factors over the next decade, just as it did during the previous bull markets. Bull markets always run longer and further than nearly all their early adopters think is possible.
PMs will be valued many multiples higher in the years to come. Scoot on over to a "mainstream" investment site like MrMoneyMustache or MoneysavingExpert and gold doesn't even figure on the radar. They are ALL about passive index funds and chasing the stock market. They worship VTSAX. If you are lucky you might find someone holding 20% bonds. They won't even look at gold until it has at least doubled from current levels, and even then they will be some of the earlier adopters. 
There will come a time to sell your PMs and buy something that is better value, but that time is still years away. It will be when everyone thinks it is a good time to be overweight on gold, when Dow/Gold is somewhere between a half to a quarter of its current level.

Another friendly bump, just in case anyone is tempted.
Yes, gold has just taken out its old USD highs. So what? The inflation adjusted equivilent would be about $2300 compared to its 2011 price. The Dow/gold adjusted price would be $4400.
If we are truly in a secular bull market then gold will easily take out both those targets.
 
 

Ouch! Hard correction now incoming.

Another friendly bump, just in case anyone is tempted.
Yes, gold has just taken out its old USD highs. So what? The inflation adjusted equivilent would be about $2300 compared to its 2011 price. The Dow/gold adjusted price would be $4400.
If we are truly in a secular bull market then gold will easily take out both those targets.
 
 

Felix Dennis - great quote

Another friendly bump, just in case anyone is tempted.
Yes, gold has just taken out its old USD highs. So what? The inflation adjusted equivilent would be about $2300 compared to its 2011 price. The Dow/gold adjusted price would be $4400.
If we are truly in a secular bull market then gold will easily take out both those targets.
 
 

Another 54.5% needed to reach the ATH. That may seem silly, but it an awful lot closer than when it needed to move by hundreds of percent back when nobody but us contrarians were backing the truck up.
 
Its a question of when, not if.

Another 54.5% needed to reach the ATH. That may seem silly, but it an awful lot closer than when it needed to move by hundreds of percent back when nobody but us contrarians were backing the truck up.
 
Its a question of when, not if.

Another 54.5% needed to reach the ATH. That may seem silly, but it an awful lot closer than when it needed to move by hundreds of percent back when nobody but us contrarians were backing the truck up.
 
Its a question of when, not if.

The GBP all time high of £29.16 suddenly doesn't seem like an impossible pipedream.
Sure, we are still some 39% away for that level, but silver has now done +97% since its late 2015 bear market low.  We all know how volatile silver can be -  another 39% can happen faster than anyone thinks.