Silver Price Watch

[STKR]

Lots of selling going on. We're currently at $22.14 USD and dropping. I've maintained a lot of faith in the $21 level being a solid support. Currently, around $21.40 is where the support level is strongest.

I'm wondering if we'll see premiums increase if supply is limited but prices drop. Looking around at the available options to park your $$, Silver is looking great and extremely undervalued by comparison.

I don't think we'll break the $21 level. If we do, I don't think it will be long. I reckon it'll be short and sharp like we saw in March 2020.

What do you think?

 

[66rounds]

bring on the 100:1 GSR so i can load up again!

If i can find any damn physical at that price

 

[Administrator]

bring on the 100:1 GSR so i can load up again!

If i can find any damn physical at that price

If it gets there I might load up too.

What are retail supply levels like at the moment?

 

[STKR]

Holy crap! ABC Bullion have their own 1oz Eureka round listed as "pre-order", with collection/delivery after 31/07/22.

Pay now and collect in 200 days?!

 

[STKR]

Silver has had a nice little bump up.

Silver up
AUD/USD down
Bitcoin down

Happy days!

 

[adze67]

Interesting chart action 

 

[STKR]

$34 Silver and rising...

It's crazy how quick silver can move!

We are currently at $24.50 USD.

Next major resistance is around $25.50.

Then it's $28. If we break through $30, we could see $50 USD silver in no time...

This year just feels extra exciting. Remember the run from $8-$50 in 2011 took 3 years. I think the 2020 lows was our 2008, except the fundamentals for silver now are much better than they were back then.

 

[STKR]

This is HUGE! ABC Bullion has every silver product listed as "pre-order". All of their bars became unavailable today:

https://www.abcbullion.com.au/store/silver

 

[Silver Soul]

^^^ Waiting for the sheep to panic to take advantage of premiums.

 

[STKR]

What's interesting is the last time ABC had all of their products listed as "pre-order" was March 2020. Shortly afterwards they focused on producing 10oz and 1kg bars only.

It raises questions as to WHY. What's causing all this? In 2020, we saw the global markets collapse driving the price down so far that people jumped on the opportunity to buy silver and created a physical shortage of investment grade bullion, exacerbated by the inability to replenish stocks due to the lockdowns and boarder closures.

Why can't they produce their own products? Their 1oz Eureka round went offline months ago. Now all of their bars are offline, too. This will be an interesting development to watch.

I think ABC is becoming the canary in the coal mine in this instance.

 

[STKR]

Silver is PUMPIN'

 

[adze67]

 

[STKR]

So, I read a comment from someone who recently contact ABC Bullion. ABC told them they've seen a massive influx of new customers flooding in and are having manufacturing delays with their bars.

Another post was showing Swan Bullion was out of Gold.

Shit is heating up real fast.

 

[Silver Soul]

POS footprint in USD since 1803. The Early years step-ups seem to be around the war years. Fugknows what the gap-up was between 1803 and 1909  Interesting chart  anyways

 

[Silver Soul]

POS looking very bullish. If Midterm resistance is broken @ $26 we might get a nice run  8)

 

[STKR]

The trend is definitely UP! Weekly and monthly charts look fantastic for a big run up in price.

BTW - when I see POS, I don't instantly think Price of Silver  ;D

 

[Silver Soul]

POS just needs to bust that red band. Bloody red tape again 

 

[belever]

Would it be possible to have a gold and silver price chart link on this forum?

 

[Silver Soul]

Why not download the Tradingview app. It has real-time streaming for silver and gold including many other market tickers, and a very powerful charting software to play with for free. I don't use it as a trading platform yet as I have others, so I don't use any of their paid subscriptions just use it for bloody good charts 

 

[alor]

11/5/2022 silver $21.27
after 11 days of red (19 Apr - 3 May 2022)