Silver Monitoring Thread £ (GBP) only.

[Chronos]

44 minutes ago, Bratnia said:

so the sand pit is progressively growing to a more decent amount (hopefully quarter of a mill+ come next April).

Reported for bragging.

[bobski]

Current Price

£22.41

Live Change

0.16% £+0.04

Live high £22.42

 

Live low £22.37

[bobski]

Current Price

£22.52

Live Change

-0.05% £-0.01

Live high £22.53

 

Live low £22.47

[bobski]

Current Price

£22.57

Live Change

0.24% £+0.05

Live high £22.57

 

Live low £22.50

[bobski]

Current Price

£22.70

Live Change

0.16% £+0.04

Live high £22.72

 

Live low £22.66

[katyc]

 

[Petra]

36 minutes ago, katyc said:

 

🤔😮just seen this on another thread🤔🤔😮🤷🏼‍♂️😁

[katyc]

7 minutes ago, Petra said:

🤔😮just seen this on another thread🤔🤔😮🤷🏼‍♂️😁

May have been me. I posted it on the gold and the silver thread as it's relevant to both 😁

[Petra]

7 minutes ago, katyc said:

May have been me. I posted it on the gold and the silver thread as it's relevant to both 😁

🤔🤔….

[Paul777]

£21.65 😁

[Silfrfish]

£21.19! 
 

Someone’s hidden my truck keys though 😨😂

[SovereignBull]

9 minutes ago, Silfrfish said:

£21.19! 
 

Someone’s hidden my truck keys though 😨😂

Think it must be with the money I have left to invest! 

[Stacktastic]

Can anyone sum up whats happening and why - I have been busy and not paying attention. 

Having said that I told my group yesterday that it will most likely get smashed down today. 
After all these years watching the charts its so predictable at times.  

Whats the resistance levels in £ as i wanted to make some purchases. 

[stefffana]

1 hour ago, Silfrfish said:

£21.19! 
 

Someone’s hidden my truck keys though 😨😂

At £20.73/oz is £666/kilo!😮😮😮

 

[theman73]

4 minutes ago, Stacktastic said:

Can anyone sum up whats happening and why - I have been busy and not paying attention. 

Having said that I told my group yesterday that it will most likely get smashed down today. 
After all these years watching the charts its so predictable at times.  

Whats the resistance levels in £ as i wanted to make some purchases. 

Men in suits making a shitload of money betting against the market, the moffos paying the price?

We really don't need markets, they are useless for us.

[Stacktastic]

2 minutes ago, theman73 said:

Men in suits making a shitload of money betting against the market, the moffos paying the price?

We really don't need markets, they are useless for us.

Great as that was exactly my guess also - I said yesterday that this does not add up.
Also they probbaly knew about the jobs numbers ahead of time & knew people would go to safety only to get the rug pulled.  

Am i correct in that assumption as it looks very controlled and simple - pump it up get the cash in then rinse all the retail speculators. 

[theman73]

Just now, Stacktastic said:

Great as that was exactly my guess also - I said yesterday that this does not add up.
Also they probbaly knew about the jobs numbers ahead of time & knew people would go to safety only to get the rug pulled.  

Am i correct in that assumption as it looks very controlled and simple - pump it up get the cash in then rinse all the retail speculators. 

Computer say Yes

[modofantasma]

The US economy reaches Superstar Status

https://www.theatlantic.com/ideas/archive/2024/06/us-economy-excellent/678630/

Dare I ask but.... Are things just too rosy in the world for silver price to push for a new high? 

[bobski]

Current Price

£21.18

Today Change

-1.53% £-0.33

Today high £21.51

 

Today low £20.86

[Bratnia]

On 05/08/2024 at 20:59, modofantasma said:

The US economy reaches Superstar Status

https://www.theatlantic.com/ideas/archive/2024/06/us-economy-excellent/678630/

Dare I ask but.... Are things just too rosy in the world for silver price to push for a new high? 

At some point (from the article)

Quote

From the end of 2019 to the end of 2023, U.S. GDP grew by 8.2 percent—nearly twice as fast as Canada’s, three times as fast as the European Union’s, and more than eight times as fast as the United Kingdom’s.

will flip. Exodus out of the US Dollar and US assets, businesses preferring to list elsewhere ...etc. The considerably stretched US elastic will snap back. Fundamentally why a global stock index fund should be preferred over just a US stock index fund. When that occurs, gold and silver in USD may very well rise, a lot. A relatively depreciating dollar however is a rise in other currencies, where gold/silver may decline in price.

I envisage that the flip will be more of a rapid rather than progressive transition a.k.a. US stocks taking big/rapid hits, perhaps even halving or more in a single year. Stocks tend to take the stairs up, elevator down. What may transpire is a transition to where after that the US Dollar is no longer seen as the safe haven, instead gold being preferred i.e. after large declines the US could remain down, enduring multiple 'lost decades'. It's financial weaponising (Russian sanctions) haven't gone down at all well with the rest of the world.

A factor is that the US has transitioned to where many rely upon stocks for their pensions, reduced collective insurance to put the onus upon individuals. When that falters many may endure great hardship. Sadly much the same trend is rising here in the UK, self insure your health care costs, pension, etc. individually becomes more of a lottery.

The 2008/9 financial crisis was largely a consequence of banks gameplay of heads they win, tails the taxpayer bails them out. After that came up tails things transitioned to where states started playing the same gameplay, but where WHEN they lose ... there's no one to bail them out. States are playing the stock markets, have the benefit of insider information, but where for each winner there has to be a loser. The US is masterful at that insider trading however sooner or later that will misfire.

[Gruff]

1 hour ago, Bratnia said:

banks gameplay of heads they win, tails the taxpayer bails them out

I prefer the term: Privatise the profits and socialise the losses

[Chronos]

Capitulation: Yen Plunges, Nikkei Soars After BOJ's Uchida Says "Will Not Raise Rates When Markets Are Unstable":

https://www.zerohedge.com/markets/capitulation-yen-plunges-nikkei-soars-after-bojs-uchida-says-will-not-raise-rates-when

[Roy]

I bought silver! 😇

Well, an ETF 😂

[Chronos]

Edited

Edited August 7 by Chronos

[HerefordBullyun]

 

Just now, HerefordBullyun said:

 

This was made 3 months before black Japan monday