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Silver Price Watch

Smithys Bullion - FINE GOLD AND SILVER
The surge in gold and silver has been impressive—gold is up over 46% year-to-date, trading around A$5,740 per ounce (using an AUD/USD rate of ~0.676, as of October 3, 2025), while silver’s climbed nearly 50% to about A$71 per ounce. This rally is driven by structural factors: persistent inflation, heavy central bank buying (especially from emerging markets), a weakening U.S. dollar against rising U.S. debt, and geopolitical tensions boosting safe-haven demand. Silver’s industrial demand—solar panels, EVs, electronics—adds extra fuel to this bull market, which still has room to run.
Long Forecast
A$78.49 (~USD $53.10)

Copper's riding the same electrification and supply crunch wave as silver, but with even more industrial torque—think EVs, renewables, data centers, and AI wiring gobbling up 1.2M+ tonnes by year-end. It's up a blistering 25% YTD to around US$5.03/lb (or A$7.44/lb at ~0.676 AUD/USD) as of October 3, 2025, hitting over A$14,800/tonne after Grasberg mine chaos in Indonesia wiped out 591,000 tonnes of supply through 2026.

mining.com
That's flipped the market from surplus to a 400,000-tonne deficit this year, per Benchmark Minerals, with central banks and green tech hoarding keeping the fire lit.

mining.com
Disruptions like floods and strikes are the spark, but the real fuel? China's grid spend (up 20% to $400B+), EV boom, and U.S. tariffs front-loading imports—500,000 tonnes/month vs. a 70,000 norm.
 
We did get there before frid close?
Usually with weeks like the one ahead i wont look for a few days. Going sideways at 46-48 for a month could be the best thing ever!
 
I'm still a Q plan truster,
Q said "Gold shall destroy the FED."
It's just a matter of watching it unfold.
 
If I could put in a request?

Spot to stay static until the end of the year?

I would like to catch up a bit.... Plus I found some pieces I really would like to add to my stack for purely the joy of owning them
 
Nugget said:
If I could put in a request?

Spot to stay static until the end of the year?

I would like to catch up a bit.... Plus I found some pieces I really would like to add to my stack for purely the joy of owning them
Click to expand...

I'll forward it to the commercial shorts... Although they seem to be having a hard time lately 😆

It's funny how $20 was once cheap, then $50 was once cheap... $75 might be the new cheap in a few months.
 
I note that there was a lot of Buybacks on BN this morning - a LOT - but by this evening not so much
 
production for smaller items will get suspended in particular gold
later silver delays as well, wait list etc
hope there is no special taxes on them
force conversion for online account type ???
 
ozcopper said:
Once the mania truly starts, PMs will have waiting lists for delivery!
Click to expand...
So, so true!
Been tracking this silver bull and it’s still warming up, not frothing yet. Spot’s at $48 USD/oz ($73 AUD) as of Oct 6—up 50% YTD from 2024 lows, smashing the 10-year high of $35, with the gold-silver ratio squeezing from 80:1 to 60:1 as silver starts outperforming.
 
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