flower-shilling

Silver Price Watch

Smithys Bullion - FINE GOLD AND SILVER
The USD will be rejected outside, and all the Green notes will flood back in causing high inflation
 
It's looking like we might have another stab at the $32's in the short term fingers crossed. But the resistance in this area is strong. It needs to break and use the 32 as a support and if it can do this POS could have a full-blown breakout to all-time highs. The blue dotted line is resistance that needs to be broken and then used as support SILVER_2024-12-03_16-53-53_57f50.png
 
$33 by next tues is what my charts are saying. When i say charts its actually an arrangement of wet loose leaf lipton tea, but you cant ignore the signs.
 
ABC Bullion spot is $1.28 over actual spot right now. It's usually 25-30 cents. This happens occasionally and I wonder how much extra $$ they make from unsuspecting customers who don't reference the actual spot price.

Screenshot_2024-12-12-10-43-33-58_40deb401b9ffe8e1df2f1cc5ba480b12.jpg
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www.bnnbloomberg.ca

Trump Tariff Risk Roils Gold, Silver as New York Prices Jump

Premiums for gold and silver futures in New York swelled as traders weighed the possibility of precious metals being included in sweeping tariff measures proposed by US President-elect Donald Trump.
www.bnnbloomberg.ca www.bnnbloomberg.ca
By Jack Ryan, Sybilla Gross, and Yvonne Yue Li
Bloomberg News
Wednesday, December 11, 2024

Premiums for gold and silver futures in New York swelled as traders weighed the possibility of precious metals being included in sweeping tariff measures proposed by U.S. President-elect Donald Trump.

Gold futures for delivery in February traded as much as $60 an ounce, or 2%, over spot prices in early London trading, while silver futures were more than $1 an ounce, or 3%, higher.

The price moves have been fueled by short covering by banks and funds who are buying Comex futures and selling contracts in London, said Nicky Shiels, head of metals strategy at MKS Pamp SA.

New York futures typically trade in lockstep with the London spot price, with many banks and traders arbitraging between the two markets via what is known as the "exchange for physical," or EFP.

"If some market participants believe that there is a non-zero probability of tariffs affecting gold, silver, and copper imports, then it makes sense to cover any short EFP positions," said John Reade, a strategist for the World Gold Council.

"It might cost a little money to do so, but the potential cost of not doing so is enormous," Reade said, pointing out that traders would risk losing nearly $300 per ounce of gold if 10% tariffs were enacted, far in excess of the potential profits to be made if precious metals are exempted from the measures. ...
 
Markets Getting Set for Trumps inorguralisation It will not be a pretty picture as vampires will be out looking for blood when he gets in. I like Trump but he is also a scary man with Musk beside him. To much power. Scary
 
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Silver Soul said:
Markets Getting Set for Trumps inorguralisation It will not be a pretty picture as vampires will be out looking for blood when he gets in. I like Trump but he is also a scary man with Musk beside him. To much power. Scary
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Historically, Gold and Silver generally pull back in December and rise in January. I doubt Trump has anything to do with it
 
I'm talking about the tariffs he may impose on precious metals and the impact it would have on them, and it has everything to do with him as he is the one threatening the tariffs ;)
 
Silver Soul said:
I'm talking about the tariffs he may impose on precious metals and the impact it would have on them, and it has everything to do with him as he is the one threatening the tariffs ;)
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Referencing the silver market, or just markets in general?
 
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