Silver Monitoring Thread £ (GBP) only.

[HerefordBullyun]

https://i.redd.it/pn52uysl2kvd1.jpeg

[Zhorro]

16 minutes ago, theman73 said:

Was pushed up on Friday by the same US market.

Or they were unable to stop it going up.

[theman73]

1 minute ago, Zhorro said:

Or they were unable to stop it going up.

They were alone, all other markets were closed.

 

Edited October 21 by theman73

[Chronos]

Update for G**d and Silver:

https://www.lewrockwell.com/2024/10/alasdair-macleod/update-for-gold-and-silver/

[MBTPSilver]

Can it hold above £26 for the close tonight? A week above £25 would be nice to see anyway.

[silverspeed]

45 minutes ago, MBTPSilver said:

Can it hold above £26 for the close tonight? A week above £25 would be nice to see anyway.

It’s going to struggle I think, if it holds above £26 this week then it solidifies its gain for the short term. A correction would be due, but metals can go mental without big pull backs. Example: gold 

[Chronos]

The Silver Squeeze Has Officially Begun:

https://www.zerohedge.com/precious-metals/silver-squeeze-has-officially-begun

[CANV]

I love solver as stuff.  Especially old American c**p.   But I think this price drive might move on up.  Gold has gone. The plebs might pile,in 

[gji25]

Maybe gold is now for the peasants 🤣

[bobski]

Live Silver Price UK in GBP per Ounce

Ag

Current Price

£26.14

Live Change

0.11% £+0.03

Live high £26.16

 

Live low £26.08

[bobski]

Live Silver Price UK in GBP per Ounce

Ag

Current Price

£26.23

Live Change

0.01% £+0.00

Live high £26.24

 

Live low £26.21

[bobski]

£26.27

[Chronos]

3 hours ago, gji25 said:

Maybe gold is now for the peasants 🤣

Maybe.

Reported.

7 hours ago, CANV said:

I love solver as stuff.  Especially old American c**p.   But I think this price drive might move on up.  Gold has gone. The plebs might pile,in 

They might.

Reported.

[silverspeed]

Is anyone keeping an eye on copper? I await the new stacking bars and rounds when things get silly. 

[Earthmetal]

41 minutes ago, silverspeed said:

Is anyone keeping an eye on copper? I await the new stacking bars and rounds when things get silly. 

I believe copper will replace silver in the low price collectible market.

[ZRPMs]

48 minutes ago, silverspeed said:

Is anyone keeping an eye on copper? I await the new stacking bars and rounds when things get silly. 

I've got some. 

[Earthmetal]

There is precedent. Throughout history over the world copper has replaced silver numerous times as a currency metal. 
Even the last thirty years has seen both copper, and nickel, being replaced by near-worthless steel as a currency metal in British coins.

Those actions are physical evidence of copper appearing to 'move up' (actually inflation moving most other things down). This further elevates silver, and further elevates gold. 
The people who were hoarding pre-1947 coins in 1948 are like people hoarding copper now.

[HerefordBullyun]

15 minutes ago, ZRPMs said:

I've got some. 

Id cash that in and buy silver with it... Some bloke did it on wall street silver and got a pretty penny for it...

[ZRPMs]

4 minutes ago, HerefordBullyun said:

Id cash that in and buy silver with it... Some bloke did it on wall street silver and got a pretty penny for it...

I must have about 16k ounces of the stuff now in the shed 🤣🤣🤣 One of these days I'll load the tuck up and trade it in for a quintuple sov and put it in my pocket or 114 ounces of silver on the back of the truck.

[timsk]

For those of you who are not into Technical Analysis (TA)- or are simply non believers - the chart below illustrates what those of us who do pay attention to TA are focusing on. The horizontal teal coloured line is the previous major high from Sept' 2012 at $35.00. (NB: This chart is monthly - i.e. each bar represents a whole month - and is in $USD not £GBP.)

The probability of a rebound off this line is high, IMO - but don't get despondent about that. It's likely to be short term profit taking which will drive price lower to enable the big players (and us?!) to buy back in at a cheaper level. If/when price is able to push through the $35.00 resistance zone and stay above it, then this is an indication that the market thinks this is fair value and will look to test higher levels. Price should then continue to rise until significant selling pressure takes place. It's anyone's guess as to where this will happen.

The point of this post is don't be surprised to see price loitering around the $35.00 for some time: it's unlikely to simply power through it as if it was nothing of significance. It's highly significant. Also, a note of warning: could resistance at $35.00 hold to create a double top and then price tanks back down to $22.00 or lower? Yes, it's possible. That said, as things stand, the chart is very bullish and a move higher is much more likely, IMO. Just my £0.02p worth; others may have a very different view.

[ZRPMs]

Seems very diverse this thread today 

7 minutes ago, timsk said:

For those of you who are not into Technical Analysis (TA)- or are simply non believers - the chart below illustrates what those of us who do pay attention to TA are focusing on. The horizontal teal coloured line is the previous major high from Sept' 2012 at $35.00. (NB: This chart is monthly - i.e. each bar represents a whole month - and is in $USD not £GBP.)

The probability of a rebound off this line is high, IMO - but don't get despondent about that. It's likely to be short term profit taking which will drive price lower to enable the big players (and us?!) to buy back in at a cheaper level. If/when price is able to push through the $35.00 resistance zone and stay above it, then this is an indication that the market thinks this is fair value and will look to test higher levels. Price should then continue to rise until significant selling pressure takes place. It's anyone's guess as to where this will happen.

The point of this post is don't be surprised to see price loitering around the $35.00 for some time: it's unlikely to simply power through it as if it was nothing of significance. It's highly significant. Also, a note of warning: could resistance at $35.00 hold to create a double top and then price tanks back down to $22.00 or lower? Yes, it's possible. That said, as things stand, the chart is very bullish and a move higher is much more likely, IMO. Just my £0.02p worth; others may have a very different view.

 we're on about candles now

[theman73]

Not a single gold pushers apologies for demonised silver for such a long time.

[ZRPMs]

4 minutes ago, theman73 said:

Not a single gold pushers apologies for demonised silver for such a long time.

I'm sorry silver did nothing for so long. Although I've never demonised silver or pushed gold. I've taken the p!$$ a little 

[Bratnia]

16 minutes ago, ZRPMs said:

I'm sorry silver did nothing for so long. Although I've never demonised silver or pushed gold. I've taken the p!$$ a little 

Yeah! I tend to say wee when sliding gold

[Chronos]

£26,55