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Silver Price Watch

Smithys Bullion - FINE GOLD AND SILVER
STKR said:
Beautiful. There's something powerful about a random sharing information that aligns with someone within your circle.
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Yeah it was great because it was just random. I had no plan to actually talk to her about Gold/Silver, but she was genuinely interested so a great conversation.
 
pmbug said:
The dinosaurs at the LBMA finally published their monthly vault stock total for the month of June. The LBMA's free float is has shrunk ~14.2 mtoz (~441.7 tonnes), slightly exceeding the net increases to the COMEX and SGE/SFE for the month. The total global free float silver stock across the COMEX, SFE/SGE and LBMA at end June/start July is ~630.925 mtoz ( 3.57 mtoz less than at end of last month).

As a reminder, per the latest COT report, as of June 24, there were 152,545 short contracts on the COMEX representing the sale of 762,725,000 troy ounces (23,723.4 metric tons) of silver. COMEX has sold ~131.8 mtoz (~4099 tonnes) more paper silver than currently exists as free float in global vaults.
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View: https://x.com/pmbug/status/1942565796154122488


Number crunching with citations to sources posted here:

www.pmbug.com

Silver Demand Drivers (and vault totals)

Same microcosm is happening to platinum now and is a much smaller market. The other thing about silver is it is not as popular overseas because of higher taxes than gold. If the Europeans removed VAT (20%) and/or sales tax on silver it would be a great place to store wealth, but the overall...
www.pmbug.com www.pmbug.com
 
Reference - I use " MarketWatch.com " for pricing & in $ USD

Just my opinion, but looking at the 5 day chart I see a concerted effort to get Silver back below $37 ( say $56 AUD ) I then look at longer term charts to get more perspective.

I was alerted to concerted moves quite a while back by some posting's by Very Keen followers of Silver pricing. The concerted moves so often come at particular times in the market trading cycle. When markets are normally quiet & thin, certain trading can have an outsized effect on price movements.

As the cycle moves forward other see these moves & might conclude Eg, that price is down significantly, maybe it's not actually a time to buy ?

Just my opinion, but keeping a sharper eye on some of the timing of moves in the market trading cycle does allude to some concerted activity.
 
Nice silver chart for you all. ... tell me what do you see? I know what the outcome of this chart formation is. Anyone want to have a go?

Screenshot_20250710_205839_TradingView.jpg
 
Although it looks good, these are the exact times where they slam the price. Their favourite tool is frustrating investors and ending the frenzy before it begins. Next week by the looks of things, too.
I'll be surprised if they let this one run TBH.
 
The AUD/USD chart and it looks good to hit .70c within the next few months. That would suck the life out of silver in AUD. We kind of need a push in price just to remain where we are.

This is prime intervention time right here.
 
Reference is MarketWatch.com in $ USD Silver continuous contract

Looking at the chart.

Price ran up to about $37.11 then pushed back below $37

Price quickly spiked to about $37.46 then smacked back down below $37

Price paused a short time & then just ran nearly straight up to just above $37.80

As I post this Price is steady around the $37.80 mark

Hi Ho Silver 😆
 
Reference is MarketWatch.com $ USD Silver continuous contract.

If silver closes todays Trading & the weeks Trading well above $37 +, that will give a good psychological anchor into next week.

If $37 + can be maintain thru till the end of the month, then a base for further advances will look very good.

HI Ho Silver 😆
 
Reference - MarketWatch.com $ USD Silver continuous contract

Hi Ho 😆

Silver has just broken thru $ 38

Short squeeze is ON ! I have been watching this for 1/2 Hour - Damn it's just gone $38.12 & going.

There must be some people out there sweating bullets ATM 😂
 
Reference - MarketWatch.com $ USD Silver continuous contract

Silver spiked to $38.26

Settled back to $38.15 area. If Silver can hold this $38 + to finish the day & week out.

This will be a strong psychological boost into next week.

I think it will be a very stressful weekend for those Banks holding HUGE amounts of Shorts Paper Silver.

Fuckem :ROFLMAO: I hope they bleed to death all the way to $50 USD
 
Yeah, I'm expecting an effort to get the price below $38 USD

A close above $38 is not a good look for the shorts.

I'm watching now & the price just got pushed below $38

Still got a lot of time for this to play out. An interesting night ahead.
 
STKR said:
Although it looks good, these are the exact times where they slam the price. Their favourite tool is frustrating investors and ending the frenzy before it begins. Next week by the looks of things, too.
I'll be surprised if they let this one run TBH.
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Respect the reply. What I was looking for from people heres, reply was the short-term cup and handle on the chart. It did what I expected it to do.
 
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