Silver Price Watch

[alor]

hope for lower and break down usd 20.51

 

[alor]

every dog has its day, silver break lower like this dog https://vt.tiktok.com/ZSdEddeAf/?k=1

 

[STKR]

I didn't think we'd see sub $30 AUD silver.

 

[alor]

spot will be below aud 30.00 today, premiums may not reduce much

 

[STKR]

We're nearing a 91:1 GSR. We mine it at 7:1 and it's not like demand for silver isn't high and trending upwards.

 

[alor]

18 Mar 2020 GSR was 125, now near 90.55
back to 20 Mar 2020 was $12 Silver
back in 3 Nov 2009 was $8.50 Silver
will be looking at $16 Silver as the new bottom

 

[STKR]

[youtube]https://youtu.be/UIrkjnVheDs[/youtube]

 

[alor]

seems like a taking to the silver bottom is coming again for ane more time (2 wks to 2 mths)
https://sgd.indigopreciousmetals.com/bullion-products/silver/silver-coins/1-oz-uk-britannia-999-fine-silver-coin-2022.html
premium looks like the distance between the sky and its reflection

 

[Aurora et Luna]

.

 

[alor]

premium increase is faster than the price increase!

 

[alor]

another try to 16.00 silver

 

[shinymetal]

I was going to make a post along the lines of
?will the US smash the silver price while a lot of the world is on holiday for the queens mourning.?
but I got distracted by something or other and never did.
I could have made an accurate prediction!

 

[alor]

 

[alor]

silver that we thought to be so volatile is actually much more stable than oil

 

[STKR]

Lots of coins suddenly going on pre-order at ABC over the weekend. Britannias aren't due to come back until the very end of November.

 

[STKR]

Bit of a bump up tonight!

 

[shinymetal]

Today is a good day,
See how the rest of the week goes before I get overly excited.

 

[STKR]

Yeah, the monthly charts look like it could bump up to $21.60 - $22.50 and turn around to continue its downward trend... But who doesn't love a side of hopium with their PM's!?!

 

[shinymetal]

I've been saying $18 low for a while, it went just under that at so I'm calling it, for what that's worth.
Coming out the the March 2020 dip I called $30 as the high and was right about that so I've been right before.

 

[STKR]

You may be onto something. The next couple of months will reveal what direction we're heading. It will be exciting if we do see a reversal. This forum has never seen a silver bull market, so it will be a great time to do some marketing and giveaways  ;D

All I can say is: I'm glad we didn't order the Silveroos rounds this week!