Silver Price Watch
- Thread starter STKR
- Start date
I'm wondering how much free float is left in London. SLV has added a massive 500 metric tons to their London holdings over the last two days (reducing LBMA's free float). COMEX has also been adding to their vault stock. PSLV recently added ~80 metric tons to their vaults. All that silver has to come from somewhere....
As expected, my price target has been hit. The anticipated decline that follows is here as well. A healthy drop from this point would be beneficial for the POS to move forward. It needs a good dump, a nice consolidation period and then the moon.
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Are you talking to me? I think the physical market, which underpins the paper markets, is getting very tight. I don't believe that the LBMA has much free float left. As such, the paper markets are getting closer to a real squeeze. I don't think there is a lot of runway for actors to short the market presently. I think the actors wanting to force options to expire worthless yesterday afternoon already shot their load over Friday and Monday. If I'm correct, silver probably goes sideways for a week or so and then resumes upward momentum. I'm terrible at the crystal ball game though, so DYOR - I'm not offering trading advice. I'm a simple stacker waiting for the physical price discovery jubilee to crush the paper markets.