flower-shilling

Silver Price Watch

Smithys Bullion - FINE GOLD AND SILVER
I dont much like the guy, and its largely propaganda....however....listening to the guy on monkeyworx channel tracking military/intel assets (where possible) in the sky is as good an analysis of price movements as any.
Its the barbarians method of payment and they are running the show now. Our crumbs of their cake will taste good too....if we live to taste them. Thats a shite anal ogy there but i tried.
 
$62 an Oz is nice to see but we still need to be very aware of just how undervalued that is. Gold creeps up a few hundred $$ in a matter of days whilst silver pushes $3-4. When Silver's true value is realised, we'll see $30-$40 moves in the price. This is just the beginning and we're not even close to a true shortage in supply. We'll look back at these times and say "remember when silver was under a hundred $"... "And milk was under $10"... 😆

In a time when the world's currencies are simultaneously entering the early stages of hyperinflation, we must be realistic of what $62 actually means. It's peanuts. $62 buys you F all in today's world. This is still $25 Silver in 2018's buying power.
 
pmbug said:
Back in December/January, when the first round of Trump tariff fears hit the market (before it was clarified that gold and silver bullion were to exempt), EFP spreads blew out and metal flowed heavily from London to New York.

Tariff fears (and EFP spreads) eased on April 2 when exemption policy was clarified. Metal still flowed into COMEX vaults, but LBMA claimed that their vaults were no longer seeing outflows.

Today their isn't any tariff fear driving the metals, but the silver EFP spread is blowing out again. This should encourage bullion banks to move physical metal from London to New York again.

Additionally, the SGE (China) premium to London is also on the rise again albeit less dramatically than the COMEX futures-London spot EFP spread. This should also be encouraging metal to flow from London to China.

It remains an open question as to just how much is left in the well (LBMA vaults). If you trust in their overall vault stock total published once a month number, they claimed to have ~4,642 metric tons of silver free float available at the start of August.

However, SLV and other ETFs have been reporting large increases (over 2,700 metric tons total) to their vault stock this month which is typically just a book entry change of ownership of metal in the London vaults (ie. they have likely been eating at the LBMA's free float all month).

Reports of silver imports from Switzerland appear to be almost two orders of magnitude less than what the ETFs were eating (just ~48 metric tons in July).

The LBMA is due to publish their once a month stock report in a few days. I will be amazed if their report doesn't reflect a drain on the available free float.

It really seems like circumstances are pointing to the LBMA running out of available silver stock in the very near future.
Click to expand...


View: https://x.com/pmbug/status/1962519448620761401
 
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