Silver Monitoring Thread £ (GBP) only.

[gji25]

 

[Chronos]

[bobski]

Current Price

£24.50

Live Change

-0.03% £-0.01

Live high £24.51

 

Live low £24.50

[Thelonerangershorse]

Back above £25 for the weekend close?

 

[bobski]

Current Price

£24.65

Live Change

0.09% £+0.02

Live high £24.66

 

Live low £24.63

4 hours ago, Thelonerangershorse said:

Back above £25 for the weekend close?

 

That's my hope

[ccfcpaul]

9 hours ago, Thelonerangershorse said:

Back above £25 for the weekend close?

 

Not with the standard Friday dump it won't!

[HonestMoneyGoldSilver]

Crazy vol in the crypto silver market this week. It is unnatural to have regular daily/weekly swings of greater than +/- 5%. Something seriously fishy is going on

We just lost $30 again after being at $31.50 last night, let's hope we can reclaim and close the week above $30

[MBTPSilver]

US non-farm payroll numbers came in hot at 13:30, so that was that dip. Not sure about the rest, very volatile.

[FriedrichVonHayek]

30 minutes ago, HonestMoneyGoldSilver said:

Crazy vol in the crypto silver market this week. It is unnatural to have regular daily/weekly swings of greater than +/- 5%. Something seriously fishy is going on

We just lost $30 again after being at $31.50 last night, let's hope we can reclaim and close the week above $30

I believe it's the Chinese Dragon Boat Festival on Monday, which is a public holiday.

I would imagine that's why it's dropped, as the bad actors in the West are at the market controls until Tuesday.

[katyc]

China announced they bought zero gold in May. First time in 18 months they've not bought. This news is why gold and silver are being battered as we speak.

[gji25]

5 minutes ago, katyc said:

China announced they bought zero gold in May. First time in 18 months they've not bought. This news is why gold and silver are being battered as we speak.

Did you hear it on the Bbc ? there buying more than ever at these prices

Edited June 7 by gji25
info

[katyc]

6 minutes ago, gji25 said:

Did you hear it on the Bbc ? there buying more than ever at these prices

I'd rather s**t in my hands and clap than watch the BBC News

Appx 26 mins in:

 

[katyc]

In a nutshell; they're having a break from the high prices "for now"

Edited June 7 by katyc

[gji25]

Just now, katyc said:

In a nutshell; they're having a break from the high prices.

But there not high prices. Hence there buying more than ever via shadow banking

[katyc]

Just now, gji25 said:

But there not high prices. Hence there buying more than ever via shadow banking

They are at all time highs.

The news is the reason gold and silver prices has slumped. I'm just letting people know.

[PercyItsGreen]

The usual Friday drop..... Seems like another pattern emerging here🤣

[HonestMoneyGoldSilver]

On 30/05/2024 at 08:12, FriedrichVonHayek said:

Another solid finish in Shanghai.

Shanghai Silver

30 May 2024 

AM USD 36.08

PM USD 35.46

Where are you getting these figures and what do they say right now? Are these spot prices or futures?

[FriedrichVonHayek]

34 minutes ago, HonestMoneyGoldSilver said:

Where are you getting these figures and what do they say right now? Are these spot prices or futures?

They are the fixes from Shanghai.

https://www.bullionstar.com/charts/silver-price-today

[Shinus73]

8 hours ago, MBTPSilver said:

US non-farm payroll numbers came in hot at 13:30, so that was that dip. Not sure about the rest, very volatile.

You’re absolutely right - non farm payroll day has been the most volatile day for precious metals prices for as long as I can remember. No other explanation needed for today’s drop.

[ccfcpaul]

Looks like it might be a busy weekend for dealers

[gji25]

9 hours ago, katyc said:

They are at all time highs.

The news is the reason gold and silver prices has slumped. I'm just letting people know.

$2,426.53 is the ath for 2024 as it stands. $2,292.60 is the price now.

oops  wrong thread

Edited June 7 by gji25
info

[katyc]

27 minutes ago, gji25 said:

$2,426.53 is the ath for 2024 as it stands. $2,292.60 is the price now.

oops  wrong thread

I'm confused there's debate about the info I shared:

China halted buying gold in May. That announcement caused a drop in price. It's reported they halted because price was very high by April, hence they bought none in May. I shared that info. If it's true or not, who knows - I take everything in the media with a pinch of salt. I shared the info because it was relevant to the convo.

Then non farm payroll data came out. Battered the price even waaaaay more.

Or @James32 sold his stack.

It's just another her typical  Friday in the PM world 🍻 

Edited June 7 by katyc

[Roy]

I'll drink to that! 🍻

It's just another her typical  Friday in the PM world 🍻 

Oh, you have been too! 😂

Edited June 8 by Roy

[gji25]

pmt world

[katyc]

19 minutes ago, gji25 said:

pmt world

Change your tampon then