Silver Monitoring Thread £ (GBP) only.

[HerefordBullyun]

9 minutes ago, Minimalist said:

Whats the point though? Bart Chilton done nothing, the laws protected the Banks when he was investigating them. What is honestly the point in all of this. Its a crime against humanity. We are forced into stacking because of a bunch of sc*m. 

Yeah doesnt help when the chair of the CFTC is ex goldmans gensler is a joke. 

[Rains]

I've yet top view the links above but my understanding so far is that Silver is being manipulated by  banks to keep it at a lower value then its actually worth. this is going to be a interesting rabbit hole 

[HerefordBullyun]

3 minutes ago, Rains said:

I've yet top view the links above but my understanding so far is that Silver is being manipulated by  banks to keep it at a lower value then its actually worth. this is going to be a interesting rabbit hole 

As you are a newer member I would look at the videos of significance thread  I created . lots of interesting knowledge that will take you even further down thr rabbit hole of globalism, control of people and control of currencies...

 

[Gruff]

2 minutes ago, HerefordBullyun said:

As you are a newer member I would look at the videos of significance thread  I created . lots of interesting knowledge that will take you even further down thr rabbit hole of globalism, control of people and control of currencies...

 

Didn't even know that existed. I'll have a butchers myself!

[HerefordBullyun]

1 minute ago, Gruff said:

Didn't even know that existed. I'll have a butchers myself!

Ive just put it imy sig block but it answers a lot of questions.

[sixgun]

Maguire has talked about a lot of shorts in the market. Big shorts by Bank of American and CITI in addition to others.
The weekly $26.225 Fibo he says is the capitulation point of over 1 billion oz. of short silver positions we get through this and they will capitulate.

[sixgun]

5 hours ago, GoldFort said:

I want to get some silver bars, but I’m unsure what to get.

 

either britannia 1oz, 1oz bar, 50g bar, 100g bar. What brand should I go for and how much should I look to spend on each weight?🤔

If you are buying more than a few coins i would get yourself a silver premium membership on the forum and buy silver from here. The Ukrainian event and the reaction of the West to it is pushing up oil prices and that pushes up metals prices. Then there is the flight to safety that happens at times like these. 

[Gruff]

So silver, like all commodities flies on opening, then gets slammed, whilst the rest of the commodities maintain their gains overnight. Have you seen UK Nat Gas futures  up 57% this morning.. soon it won't be a choice to heat your home. Not sure how well silver burns...   

[sixgun]

It is not really amazing how i now see so many silver bulls appearing in the media after coming out of some hidden crevice of the woodwork - not amazing b/c there wannabees always turn up to the party. Some people have been patiently waiting and eating the leftovers and supping the dregs from last time and the time before that and the time before that.....

[James32]

Just broke the £20 mark

[Gruff]

10 minutes ago, James32 said:

Just broke the £20 mark

Yep, the Comex traded nearly 500 million ounces of paper yesterday to keep the price where it was. It will be interesting to see what happens today.
Similarly just over 460 million ounces of gold paper traded yesterday as well 

Pressure is well and truly on for these banks now. Look at how nickel has nearly broken the markets  

[SilverDrum]

13 minutes ago, James32 said:

Just broke the £20 mark

It's because i sold. The market's only go up after i have sold, so you can thank me. Sold some gold it went up. I sell silver it goes up 🤣

[James32]

Just now, SilverDrum said:

It's because i sold. The market's only go up after i have sold, so you can thank me. Sold some gold it went up. I sell silver it goes up 🤣

Yeah happens to me too lol, I could put an end to it all though, by buying something 😅 

[Rains]

4 minutes ago, Gruff said:

Yep, the Comex traded nearly 500 million ounces of paper yesterday to keep the price where it was. It will be interesting to see what happens today.
Similarly just over 460 million ounces of gold paper traded yesterday as well 

Pressure is well and truly on for these banks now. Look at how nickel has nearly broken the markets  

Is that A average amount of Paper transfers or abnormal ? 

[Gruff]

5 minutes ago, SilverDrum said:

It's because i sold. The market's only go up after i have sold, so you can thank me. Sold some gold it went up. I sell silver it goes up 🤣

What a legend taking one for the team! Thanks, I'll buy you a pint at some point if it's still affordable  

[silversky]

So is nickel currently suspended?  Looks like they're trying to work out which shorts to burn before setting the market live again.

[sjhdesmond]

1 minute ago, Gruff said:

What a legend taking one for the team! Thanks, I'll buy you a pint at some point if it's still affordable  

Please do, that will lower the price of beer.

[Gruff]

3 minutes ago, Rains said:

Is that A average amount of Paper transfers or abnormal ? 

It used to be well above average, but the market swings of the last month have meant that if you just look at the last 5 weeks trading data it doesn't look that out of character. 

https://www.cmegroup.com/markets/metals/precious/silver.volume.html
https://www.cmegroup.com/markets/metals/precious/gold.volume.html

 

As you can see from the gold it is about equal from the 24th Feb, that was an attempt to desperately get it back below $1900.
But when you think that the physical out the ground amount of silver is only 1 billion ounces, give or take 10%, to trade half a years mining capability inside a day is insane. 

There are other factors as well, this is a massive over simplification of a system designed to be too complex for 99.9% of the people on this planet to understand. Obfuscation is the name of the game  

[HerefordBullyun]

7 minutes ago, Gruff said:

What a legend taking one for the team! Thanks, I'll buy you a pint of milk at some point if it's still affordable  

Fixed that for you

[Gruff]

Just now, HerefordBullyun said:

Fixed that for you

Aaah, see that's where the mistake is.. just have your coffee black...   

[HerefordBullyun]

1 minute ago, Gruff said:

Aaah, see that's where the mistake is.. just have your coffee black...   

Ive no choice Bulls dont produce milk!

[Rains]

11 minutes ago, Gruff said:

It used to be well above average, but the market swings of the last month have meant that if you just look at the last 5 weeks trading data it doesn't look that out of character. 

https://www.cmegroup.com/markets/metals/precious/silver.volume.html
https://www.cmegroup.com/markets/metals/precious/gold.volume.html

 

As you can see from the gold it is about equal from the 24th Feb, that was an attempt to desperately get it back below $1900.
But when you think that the physical out the ground amount of silver is only 1 billion ounces, give or take 10%, to trade half a years mining capability inside a day is insane. 

There are other factors as well, this is a massive over simplification of a system designed to be too complex for 99.9% of the people on this planet to understand. Obfuscation is the name of the game  

Thanks for taking the time to share this unbelievable Numbers

[silversky]

Anyone think it will exceed last years supply shortage panic by the end of the month?  I honestly cant imagine that the supply issues are any better than back in Jan 2021.  If we think back to the weekend of the spike high, dealers stopped selling over that weekend because of fears of supply shortage.  I'm not sure, but the pressure now seems far more likely to cause supply shortage and it's two pronged this time.  Geographical supply due to politics, as well as energy price squeezes on mining output.

Curious to know where and when people think this move is going to top out?

[Gruff]

1 minute ago, silversky said:

Anyone think it will exceed last years supply shortage panic by the end of the month?  I honestly cant imagine that the supply issues are any better than back in Jan 2021.  If we think back to the weekend of the spike high, dealers stopped selling over that weekend because of fears of supply shortage.  I'm not sure, but the pressure now seems far more likely to cause supply shortage and it's two pronged this time.  Geographical supply due to politics, as well as energy price squeezes on mining output.

Curious to know where and when people think this move is going to top out?

I think there is a lot more at play now. The global markets are in the toilet to say the least. There is liquidity issues in the banks more so than a year ago, stock markets I think from memory were lower than they are today, but the trend line was up. Whereas most market are on the verge or technically in a bear market after shedding 15-20% from their highs. And then there is the whole globalisation or retreat from that to a more locally focused supply chain to ensure survival.
I think the dam wall has too many leaks in it to fix at this point. I think when this breaks the markets will shutdown and no one will know the price for a good long time. It we look back tot he tin crisis of 2015, tin was suspended from the LME for 4 years. Imagine silver and gold being suspended on the Crimex for that long.  Every country in the world would probably resemble some 80s African third world country. 

I know that sounds overly downcast and negative, but I'd rather prepare for this and end up with a better result

[Gruff]

I'll hasten to add that I'm not a negative Norman, I'm a realist and see the BS for what it is. Most if not all the members of this forum stack incase the above negative outcome or something that marginally resembles it happens as a way to preserve wealth and to future proof a little of the unknown ahead of us.