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Silver Price Watch

Smithys Bullion - FINE GOLD AND SILVER
I remember having a bit of a debate with Bron Suchecki over at SS long ago (Bron was an analyst at ABC Bullion) and he claimed there is no silver held by governments anymore. From my understanding, the US held like 10 Billion Oz's when they signed the coinage Act in the 60's. President Johnson at the time said that treasury held a lot of silver and it would be used to keep the price inline with the value of the coins (in an attempt to deter people hoarding silver coins). So back in the 60's, using physical stockpiles was definitely on the table to manipulate the price. It would be fair to assume the US government, or at least entities in control of the US financial system, are the ones intervening in the market. I would expect there's a way such information like silver stockpiles/reserves would be obtainable through a FOI request to the right department.

I am yet to encounter anyone who has any information on this. I recall seeing a letter relating to the US military buying silver, as their strategic reserves were non-existent. @pmbug was this you that brought this to our attention? Given you are an extremely good investigator when it comes to Silver related information, I would be grateful for your input on this. It would be so good if we could find data on silver stockpiles outside of the LMBA and COMEX to get a gauge of what we were working with.
 
STKR said:
... I recall seeing a letter relating to the US military buying silver, as their strategic reserves were non-existent. @pmbug was this you that brought this to our attention? Given you are an extremely good investigator when it comes to Silver related information, I would be grateful for your input on this. ...
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Fza_rL9XsAABaPu


www.pmbug.com

Silver might 10x within the next 3 years

Sounds crazy, right? Maybe it is. Maybe it isn't. I'll explain my thinking and you decide... Four Years of Structural Deficit Draining Vault Inventories Silver has been in a structural deficit for the last four years. Demand (mostly industrial, investment demand is fairly insignificant in...
www.pmbug.com www.pmbug.com
 
pmbug said:
Fza_rL9XsAABaPu


www.pmbug.com

Silver might 10x within the next 3 years

Sounds crazy, right? Maybe it is. Maybe it isn't. I'll explain my thinking and you decide... Four Years of Structural Deficit Draining Vault Inventories Silver has been in a structural deficit for the last four years. Demand (mostly industrial, investment demand is fairly insignificant in...
www.pmbug.com www.pmbug.com
Click to expand...
Yes, thank you. I think uncovering the seemingly secret stockpiles would be a huge breakthrough for the serious stacker. We could then get an estimate of when we'd expect to see a real shortage. If there were a 20 Billion oz stockpile somewhere (which I'm sure there isn't), I would rethink the volume of my stack.

I find it extremely fascinating that nobody has gone down this path to investigate where this silver is actually coming from. The numbers don't add up. The silver cannot be solely coming from transparent silver holdings like SLV, COMEX OR The LBMA.
 
STKR said:
Does anyone actually know where the silver is coming from to continuously top up the COMEX and LBMA inventories, and meet market demand when we're in a deficit? It seems nobody knows. ...
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That's what I've been asking.

www.pmbug.com

Silver Presents the Magical Metal Mystery

By all accounts, silver has been in a structural deficit, with global demand exceeding global production, for over four years now:Silver saw its fourth year of a major deficit in 2024 as a slight 2% rise in supply and 3% dip in demand still meant a shortfall of around 150Moz (4,600t). Above...
www.pmbug.com www.pmbug.com
 
pmbug said:
That's what I've been asking.

www.pmbug.com

Silver Presents the Magical Metal Mystery

By all accounts, silver has been in a structural deficit, with global demand exceeding global production, for over four years now:Silver saw its fourth year of a major deficit in 2024 as a slight 2% rise in supply and 3% dip in demand still meant a shortfall of around 150Moz (4,600t). Above...
www.pmbug.com www.pmbug.com
Click to expand...

Indeed you have. Barely anyone gets to this stage where they realise there's a mystery stockpile somewhere. Let's put our minds together... How would one go about uncovering such a stockpile. Would the treasury need to disclose a stockpile? What other department within the US could be in control of such a thing? And would a FOI request be fruitful?
 
The West Point Bullion Depository was once referred to as the "Fort Knox or Silver" because it housed most of the US silver stockpiles. Between fort Knox and West Point Bullion Depository, this is the most likely place silver would be stored by the US. It's just amazing that you can't find any data.

I wonder if the stockpiles are held by private entities; such as those behind the federal reserve. In this case, the US wouldn't need to declare their silver holdings, whilst the stockpiles could remain secret and be put to work.

Who has the most to lose from Silver going mainstream? Why does the price need to be suppressed? The most obvious take on this is to preserve faith in the fiat system. The powers behind the Federal Reserve would be my best guess. There has to be a way of discovering what, where, who and how much.
 
@pmbug if you find ANY information on current stockpiles held by the US, I would be extremely grateful for your input. Even if it's simply bread crumbs. Everything I've read about Fort Knox claims they don't store silver. The West Point Depository only claims they store enough silver to meet the coinage demands of the mint. The lack of information and transparency is suspicious...
 
I predict over the next few years we are going to see silver slammed down to unbelievable lows, followed by an absolute unleashing of the silver price.
 
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