Silver Monitoring Thread £ (GBP) only.

[Paul]

I'm confuzzuded

[HonestMoneyGoldSilver]

There's a reason why it keeps bouncing off $32 and change

The 14 day 70% RSI is right around that level and we saw what happened last week (it went to $32.63 then reversed to just above $30)

 

Still a way to go to book $30, don't get carried away. The 1-month low is sitting at $26.05 and we need that to be $30+, which requires consolidation. As is my usual mantra, slow but steady. Getting hotter than $32.50 or breaking the yearly high of $32.63 is likely to result in a reversal until after we consolidate

[theman73]

2 hours ago, Paul said:

£50oz . . . . . . any day now 

Soon

 

[ant1882]

£25.09

[Thelonerangershorse]

Just went to Atkinsons to get a more accurate price, How shiny are those Perth Mint proof coins.😀

[Stacktastic]

very good interview! 
 

 

[ant1882]

£25.14

[Roy]

'In gold we trust, own silver we must!'

Maloney et al.

[bobski]

Current Price

£25.18

Live Change

0.03% £+0.01

Live high £25.19

 

Live low £25.17

[bobski]

Current Price

£25.20

Live Change

0.27% £+0.07

Live high £25.23

 

Live low £25.12

[bobski]

Current Price

£25.27

Live Change

-0.06% £-0.02

Live high £25.32

 

Live low £25.27

[FriedrichVonHayek]

Shanghai Silver

29 May 2024 

AM USD 35.77

PM USD 36.39

[silvergaga]

18 minutes ago, FriedrichVonHayek said:

Shanghai Silver

29 May 2024 

AM USD 35.77

PM USD 36.39

Still $4 ahead of us, I'm off to China to sell some of my stack.

[HerefordBullyun]

 

[Gruff]

1 minute ago, silvergaga said:

Still $4 ahead of us, I'm off to China to sell some of my stack.

 

21 minutes ago, FriedrichVonHayek said:

Shanghai Silver

29 May 2024 

AM USD 35.77

PM USD 36.39

It's a huge arbitrage opportunity if you're able to stack and ship and sell in those quantities off the LBMA etc..

[katyc]

7 minutes ago, Gruff said:

 

It's a huge arbitrage opportunity if you're able to stack and ship and sell in those quantities off the LBMA etc..

This has to affect the west eventually. It's all moving to the East at an insane rate. 

Apparently they can't get hold of silver coins in china. All shops sold out and it's not stopping any time soon.

[FriedrichVonHayek]

8 minutes ago, Gruff said:

 

It's a huge arbitrage opportunity if you're able to stack and ship and sell in those quantities off the LBMA etc..

Over 70,000 ounces of Silver left Bullionvault's Zurich vault a couple of days ago.

No idea if that's a lot in the grand scheme of things. 

[HerefordBullyun]

They can have my 500oz at £1000 an oz.....

[Gruff]

18 minutes ago, FriedrichVonHayek said:

Over 70,000 ounces of Silver left Bullionvault's Zurich vault a couple of days ago.

No idea if that's a lot in the grand scheme of things. 

In term of the OTC market from the LBMA and the contracts that are fulfilled there, then no. Like the Comex, the OTC is per contract (5,000oz). Last week there were days where they were completing over 1,000 contracts, so over 5,000,000oz's
But for an individual, if you have that to move and sell there, that is a lot, that's still over $2million

[katyc]

 

[ArgentSmith]

23 minutes ago, HerefordBullyun said:

They can have my 500oz at £1000 an oz.....

Try eBay 😁

[Chronos]

5 hours ago, HerefordBullyun said:

They can have my 500oz

Reported for bragging.

[Dom]

Just a lil reminder of where we're headed folks. Keep calm and stack on. History doesn't repeat but it definitely ryhmes!

[timsk]

UBS raises silver prices forecast. Here's the new target

UBS has revised its silver price forecasts upward, citing strong industrial demand and potential supply constraints. They now project silver to reach $34 per ounce by September, $36 per ounce by the end of 2024, and maintain that level through March 2025. Additionally, they introduced a new target of $38 per ounce by June 2025. This outlook is supported by increased industrial demand, particularly from the photovoltaic sector, and anticipated supply challenges, including mine shutdowns in Peru. UBS predicts a significant under supply in the silver market for the year, contributing to further price appreciation.

[Russell]

I am still buying as much as I can.   I hear some people are selling thinking this is a blip like usual and it is going back down but as I have said forever and a day Silver is way under valued even at $50 per ounce so I keep adding.