Silver Monitoring Thread £ (GBP) only.

[katyc]

3 minutes ago, Darr3nG said:

Can't wait...

Plenty of a different type of Smack in NY at the minute by the look of things.... San Fran and L.A. too.... (more reason to stack that silver with the way the world is going!)

Edited December 1, 2023 by katyc

[Darr3nG]

1 minute ago, katyc said:

more reason to stack that silver

You lost me at silver...

What do you mean, this isn't the Gold thread?

[HonestMoneyGoldSilver]

14 minutes ago, katyc said:

+ Crossbows

£19.95.... Hovering below the £20 today. Who's expecting a Friday smackdown?

Keep talking, your reverse psychology is working!

[katyc]

2 minutes ago, HonestMoneyGoldSilver said:

Keep talking, your reverse psychology is working!

Last month the rally was down to war fears (not the kind of rally we want). This week's rally is more enjoyable!

[silversky]

Weekly chart here.  Bit of a fight going on after the US open, but back on the rise again after us miserable Brits took it down this morning... 

I think it'll close above the big Two Oh, posting a strong bullish candle and leading to a test of the May highs pretty shortly.

[silversky]

2 minutes ago, katyc said:

Last month the rally was down to war fears (not the kind of rally we want). This week's rally is more enjoyable!

Ceasefire over, broken by Hamas refusal to release further hostages...  South Gaza next in the sights...  But the likely hood of spread to the rest of the region is now seen as low.  Others don't have the stones for it basically.  I don't think any of the PM rise now is related to mid east tensions.  It's back to financial forces.

[Bigmarc]

28 minutes ago, katyc said:

Crossbows

You can buy a solid silver one

[katyc]

1 minute ago, Bigmarc said:

You can buy a solid silver one

With onion shaped knobs. What more could a girl want?

[silversky]

Just now, katyc said:

With onion shaped knobs. What more could a girl want?

Looking at it, I thought that a better description would be bell shaped ends.  But what do I know?  

[Earthmetal]

9 minutes ago, katyc said:

With onion shaped knobs...

It'll end in tears...

[theman73]

1 hour ago, katyc said:

Although none of us will time it perfect, we'll likely fare better than those who are blindly investing.

Well well well the hope is not dead, keep going, you are in the right direction.

[gji25]

1 hour ago, katyc said:

+ Crossbows

£19.95.... Hovering below the £20 today. Who's expecting a Friday smackdown?

 

[HonestMoneyGoldSilver]

We're still up in USD but GBP has strengthened by 0.47% vs the USD, so it looks like we're a few pennies down on silver in GBP

GBP to USD | British Pound Advanced Charting - WSJ

 

[CANV]

As an Englishman. Sterling doesn’t strengthen,  the dollar weakens.   

[gji25]

Looks like silver could go to the moon before man/woman does 😀

[HonestMoneyGoldSilver]

[silversky]

8 minutes ago, HonestMoneyGoldSilver said:

For once the big trading smash event was primarily in Gold.  Silver wasn't at a crucial triple top, so less stops to go hunting for.

[Roy]

Did you know that if you had sold your average British house in late 2004 and bought silver, just regular bars of silver, you could now sell that silver and buy 6+ average British houses?

 

[Upsidedown]

Just now, Roy said:

Did you know that if you had sold your average British house in late 2004 and bought silver, just regular bars of silver, you could now sell that silver and buy 6+ average British houses?

 

Christ. I hope that's not true.

I'm actually gutted 9 year old me didn't buy any silver

[Roy]

1 minute ago, Upsidedown said:

I'm actually gutted 9 year old me didn't buy any silver

Silly boy 😆

[Roy]

3 minutes ago, Upsidedown said:

Christ. I hope that's not true.

Actually, it's a stat from 2010 and may not be true today...although silver is around the same price today that it was in 2010.

I guess house prices may have changed proportionally/ Maybe @HonestMoneyGoldSilver knows? 👍

[Upsidedown]

1 minute ago, Roy said:

Maybe @HonestMoneyGoldSilver knows? 

@HonestMoneyGoldSilver always knows

[HonestMoneyGoldSilver]

1 minute ago, Roy said:

Actually, it's a stat from 2010 and may not be true today...although silver is around the same price today that it was in 2010.

I guess house prices may have changed proportionally/ Maybe @HonestMoneyGoldSilver knows? 👍

Well in 2004 silver traded between £3-4, so silver is up by a factor of 5-6.5 since then

The cost of the average house in 2004 was around £152K and in 2023 it's around £291K

Maybe you would get 3+ new houses not 6+. Still interesting though

[Roy]

2 minutes ago, HonestMoneyGoldSilver said:

Maybe you would get 3+ new houses not 6+. Still interesting though

It is.

I cherry picked the dates of course, but if you sold your house and bought @  Brown's Bottom, how many houses would that afford you if you sold today (another extreme)?

@HMGS, I cannot research as quickly as you!

Edited December 4, 2023 by Roy

[HonestMoneyGoldSilver]

Just now, Roy said:

It is.

I cherry picked the dates of course, but if you sold your house and bought @  Brown's Bottom, how many houses would that afford you if you sold today (another extreme)?

 

6+ if the price of the average house hadn't almost doubled since then