Silver Price Watch
- Thread starter STKR
- Start date
I've updated the numbers through the end of January:
Silver Demand Drivers (and vault totals)
Update (see post #68 for last month):LBMA - As at end August 2024, ... There were also 26,245 tonnes of silver (a 1.4% decrease on previous month)... SLV report for 6 September claims 363.01 mtoz vaulted in London. That leaves a total of ~480.78 mtoz of silver in the London vaults not owned by...www.pmbug.com
Amazing. You do excellent work reporting on this topic, and I, for one, greatly appreciate your efforts.
We're starting to see some cracks on the physical supply side and your reportings really show this.
Do you ever think about what a world facing a physical silver shortage would look like? With so many critical industries dependant on the commodity, what would the knock-on effects be when it becomes scarce or unavailable? I'd imagine it could get pretty chaotic; A commodity that directly or indirectly impacts every industry imaginable becomes unobtainable by at least one company within the manufacturing and supply chains.
In an ordinary world, I wouldn't consider confiscation a reality. But in a crisis setting, where the "solution" to the problem is having your citizens surrender their Silver, I could absolutely see that happening. I think China has been strategically promoting Gold and Silver to it's Citizens for this very reason. I think they know exactly what's coming and they've been positioning themselves to come out on top ever since they banned silver exports and made private ownership legal again.
What I find fascinating, is we stack silver for a variety of reasons; many of which are financially motivated ... but Silver could very well play a major role in bringing a super power to its knees. While we obsess over the price and seek validation for our investments, Silver could possess a power greater than anything our modern world has seen.
Thanks!
I've been thinking about it for over a decade. It wasn't until recently that I started to think I would actually see it manifest in my lifetime though. It looks like we are at the beginning stages of seeing it play out.
I think we see some dislocations in the paper markets with large price movements and some large players getting blown up. Price will see some violent moves and eventually find an equilibrium where price dampens industrial demand. It's going to have to play out that way because there just isn't enough production to meet current demand and available stock for recycling is limited. Eventually, price will be the only pressure release left to the market.
It may be that we see the market evolve into something unrecognisable. There's indicators that what's left in these 'Transparent Silver Holdings' may be all there is. I think SLV and the COMEX have been fed the remainder of the US treasuries undisclosed reserves for the past two decades, and the treasury withdrew from their direct intervention (via government sales) in 2015. If we're seeing a 100 Moz evacuation from the LBMA, COMEX and SLV in just a month, I can only imagine how long we have left before they're holding no cards at the table at all.
Yes, short-term swings are nothing to sniff at, as the Middle to longer-term rise has been a gold stacker's dream....and gained about $500 in the past 2 months..not too shabby
Buckle up, everyones realising adolph trump is a technocrat simp. He will turn your 'dry powder' into nothing but social credit, if his oracle overlords dont deem you worthy of their temple.
With his selected potato head comin in hot just in time every aussie should be burying their metals.
With his selected potato head comin in hot just in time every aussie should be burying their metals.
It's only just the beginning, it's still just over half of USD all time high, and once it goes through that the moon is the limit.
If they lose control of the manipulation it wont get slammed back down after it goes up either. Hopefully.
It's gunna be awesome.
If they lose control of the manipulation it wont get slammed back down after it goes up either. Hopefully.
It's gunna be awesome.
Forget about your USD charts as these do not apply to metals dynamics. The USD is on a lifeline. It is also literally surviving
Jeez, what timeframe is that chart in ?
I know the USD will go away or change drastically from what it is now, but it hasn't collapsed yet.
It's a 3 month chart
I have no idea what I'm doing with charts, those bands are highs and lows averages.