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I posit that it is irrelevant as long as the demand vectors remain disjointed. Should silver revert to a monetary metal (ie. demand driven by the same channels that drive gold demand), I would expect the mining ratio to gain relevance as a determining factor rather than a simple observation. A...

Price is a function of supply *and* demand. GSR does not express any market dynamic between gold and silver demand. Gold demand is monetary and jewelry. Silver demand is mainly industrial (currently).

So there is a 17 year old kid that is part of the silversqueeze community on X. During the "squeeze" at the end of April, he sat on the sidewalk across the street from the CME (which operates the COMEX where gold and silver futures are traded) and displayed a homemade sign. The CME group...

I'm still learning. View: https://www.youtube.com/watch?v=A-xXZq-5Hz4

FWIW, I saw Lenny36's post on X asking about channels to reach more Aussie silver stackers and I mentioned Silveroos to him. I know nothing about his issue with Maronan Metals.

Looks like something someone created on their computer. Any idea where the image originated?

Updated for April: https://www.pmbug.com/threads/silver-demand-drivers-and-vault-totals.6364/post-132125

@STKR - why not pick up the phone, call ABC and ask them why they charge an outsized premium vs. competitors and see what they say?

View: https://x.com/perthmint/status/1919899819008537080 No, that didn't clarify the issue ..

Yes, but some nights more than others. I think I average around 6 hours a night these days. I'd like to sleep more, but once I'm awake, I'm awake. Thanks! I'm definitely open to the possibility that I could be wrong for reasons/facts that I'm not aware of. Part of the reason I engage the...

I distilled the 2,000 ton silver mystery issue into an article: https://www.pmbug.com/threads/silver-presents-the-magical-metal-mystery.8183/

USD $3307 presently.

The LBMA, COMEX and SFE/SGE have strict requirements on the specifications (dimensions, purity, and/or mint/refinery) for the silver bars they accept and trade. This is the issue with 1,000 toz "London Good Delivery" (LGD) bars. PSLV supposedly vaults most of their LGD silver in Bank of Canada...

I really wanted to do the analysis and post an update last Monday, but I was working at a client's site (out of town) and didn't have a chance until today. Cheers

I updated my silver vault analysis (LBMA, COMEX, SFE/SGE). Numbers don't make a lot of sense and I suspect someone is lying... https://www.pmbug.com/threads/silver-demand-drivers-and-vault-totals.6364/post-129903

https://www.miningweekly.com/article/perth-mints-march-gold-sales-hit-4-month-high-silver-up-48-mm-2025-04-02

CME raised margins on COMEX futures by 7% and China didn't trade last night (holiday), so relatively illiquid demand coupled with tariff exclusion news deflating tariff risk.

Yes, that's the gist of it. However, Trump's tariff announcement specifically excluded bullion. The tariff risk that was driving the "EFP premium" or "London/NY spread" (COMEX futures - London OTC/spot) has collapsed and turned negative again (for silver, gold is still positive). That is...