Silver Price Watch

[pmbug]

This is the kind of shit I like to understand. ...

You can see the CFTC's Commitment of Traders (COT) report here:

CFTC Commitments of Traders Long Report - Other (Combined)

This is the viewable version of the most recent release of the Other disaggregated long form futures only commitments report.

www.cftc.gov

Scroll down a little bit to find the Silver data. In the table, you can see the long and short positions for Swap dealers. I see 80,128 short and 27,804 long for a net short position of 52,324. Each contract represents 5,000 troy ounces, so the net short position is 261,620,000 troy ounces.

 

[STKR]

You can see the CFTC's Commitment of Traders (COT) report here:

CFTC Commitments of Traders Long Report - Other (Combined)

This is the viewable version of the most recent release of the Other disaggregated long form futures only commitments report.

www.cftc.gov

Scroll down a little bit to find the Silver data. In the table, you can see the long and short positions for Swap dealers. I see 80,128 short and 27,804 long for a net short position of 52,324. Each contract represents 5,000 troy ounces, so the net short position is 261,620,000 troy ounces.

Thank you. I am aware of the COT reports, I was more referring to it being translated to the amount of $$ it made the shorts go underwater. It seems significant but it really isn't when you consider the trillions of dollars being printed (or even missing). This was a recent topic of interest to me because I recall all the claims of "buy silver, crash JPM" and the more recent arise of WallStreetBets and WSS. It would appear the paper markets weren't of any interest (except PSLV and others alike) and the physical market was where the real damage would be done.

When I first began looking at the COT reports and uncovering how the COMEX and CFTC operated, I realised that eventually the fundamentals would overwhelm the paper markets and it would all become irrelevant. That's why I've put more interest on the aboveground stockpiles side of things to try to gauge how long we have left. overall, I'm far more dedicated to understanding vaulting data than anything related to the paper markets but it is interesting to gauge market sentiment and get an insight to the desperation of the shorts as time progresses.

 

[Administrator]

45 year cup and handle formation. We're nearly there boys.

 

[STKR]

45 year cup and handle formation. We're nearly there boys.

View attachment 14430

Buying at the low of this pullback could be the buy of the century in Silver...

 

[alor]

the FINAL last chance to buy them is waiting ahead
may its a 32

 

[Kooka30]

45 year cup and handle formation. We're nearly there boys.

View attachment 14430

I heard that this is the largest Cup & Handle formation ever recorded.

Let's hope that it portends to the largest move up in price that Silver has ever recorded.

Hi Ho Silver

 

[Kooka30]

@Kooka30 this is the first time I've heard Andy speak about evidence (although anecdotal) of silver in a tomahawk cruise missile. As far as he's concerned there's 13-14kgs of confirmed silver in each one. It's actually not that crazy when you think about it. I've never looked up what a tomahawk cruise missile looks like and they're absolutely fkn massive. Essentially an unmanned jet aircraft with a serious business end.

View attachment 14424


View: https://youtu.be/de0H2zj4ixM?feature=shared

I was looking back for something & saw this post on the " Tomahawk "

I have read a number of articles over the las few yrs that speculate that the said Tomahawk Missiles have a Silver content of approx 15 Kg. Read up on the missiles construction & it's shear size. I don't find it implausible that a Tomahawk Missile has that much Silver content.

Given that Silver is the Best conductor of electricity & it's other properties, totally believable speculated Silver content.

 

[pmbug]

China (SFE/SGE) seems to be holding the line. NYC/London appear to be trying to entertain Mr. Slammy.

 

[STKR]

I don't trust this rally if you can call it that.

My instinct is another dump. View attachment 14439

Yes, I think the same. But a dump to where? $37.20 or beyond? $37 looks to be a good place for support. The weekly charts reveal potential for a rapid correction but I'm sceptical. What pisses me off is if we correct further there's absolutely no justification for it besides market intervention. It's the opposite of the plunge protection team - The Free-market rejection team. It also annoys me this is exactly what they want to achieve - frustrating market participants.

 

[STKR]

USA wants a tariff war! China knows how to bleed Americans into submission. China has been trading for thousands of years and has the power to tell Trump to fark off.

It must be so easy knowing leaders will change every few years. China has always played the long game. China will either be victorious or just move their goalposts to fight another day.

 

[Kooka30]

Yes, I think the same. But a dump to where? $37.20 or beyond? $37 looks to be a good place for support. The weekly charts reveal potential for a rapid correction but I'm sceptical. What pisses me off is if we correct further there's absolutely no justification for it besides market intervention. It's the opposite of the plunge protection team - The Free-market rejection team. It also annoys me this is exactly what they want to achieve - frustrating market participants.

Totally with u mate. Silver is in a 6 year structural supply deficit. How the fuck can the price be going DOWN !

This straight up price management.

But they have the money, so u have to work with it.

 

[STKR]

I have it for about $36.50 and if that fails 1 dollar below $35.50. I would like to say that any newbies who come to this site and don't know how the markets work or charts that this pullback is solid and a necessity for the next pos next leg up. To ATH.

I mean sure, but usually the continuation of a strong uptrend isn't typically stopped in its tracks after two green candles. The weekly and monthly charts are all screaming this is just the beginning, but the daily and hourly say it can go any way. We're right at the cusp of Find Out after months of Fucking Around. Silver is such a retarded beast. $35 doesn't even look that stable if it decides to turn around and test that support. If we don't get a continuation of the trend in the next couple of weeks we really want it to trade sideways into the $36 realm or it could spell bad news. As we've seen time and time again in the past $5 dumps in a week is a common occurrence when they want to force their will.

 

[STKR]

Hmmm your candles are in overbought territory. I have proven that to you a few times already. Read them your way
My candles are 38 sideways as I have said. The rest well market rules

RSI is good. They can trade outside the Bolinger bands without a reversal. It's just an indicator and that by itself isn't anything to go off. I'm not sure what you mean by "proven to you already". Every chart you share is Heikin Ashi, which comes with its own disadvantages.

 

[STKR]

^^^ Your charts are primitive to me. Sorry I do not want to be mean to hurt you in saying that I'm far from it.

They are literally live charts. Real-time price action and candles. And why would you think that would hurt me? Even Heikin Ashi is dependant on live charts. Every trader EVER utilises live charts. It's a weird thing to say.

 

[STKR]

Hmm. yes but it is the way you read the candles. That is where the money is. Every trader has their way, so time to bow out now in respect.

Fair enough. Appreciate your perspective regardless.

 

[STKR]

Yes grasshopper you will learn and don't be so assertive. Suck it up sunshine.

Lol You must be drunk or something. Silver has corrected 40c to an area that I agreed it looked like it was going to. You make it really difficult to be likeable at times

 

[STKR]

Really! Stop being a baby.

Do you ever read what you write? Just some random trolling jabs with no purpose. You're not always like this either, sometimes you have decorum - hence why I think you've been hitting the bottle. If this is sober you, then you can shove it. Careful you don't choke on your words.

 

[STKR]

The point here being can you predict a pos movement like i have done over the month as I have done?

Come on i dare you to take that on

This is really cute btw. The only prediction I've made prior to this was that I expected heavy shorting from the commercials right at that point of the breakout. Turns out, that was 100% correct. I never stated it wouldn't breakout, I merely stated there was a predictable pattern during these times.

This is literally the first time I've made a prediction via chart analysis, and that's based on the Weekly and monthly chart looking like it's ready for another push. You are to the contrary (apparently).

Careful being on your high horse there mate reading the tea leaves. It can be a long way down from the top when you think your shit don't stink. Especially if you're on the Dutch courage and have the face the music of a tarnished reputation in the morning.

 

[STKR]

What ... foolish words from a Jealous compatriot? Come on now this forum is not about your harsh words. This is the second time you have attacked me for nothing i have done wrong. So be very wary of your words. Chill.

You're digging your own grave here, mate. You don't get a free pass with being a condescending troll with me. You're placing yourself into a category all on your own. Well done

 

[STKR]

I thought you didn't drink. Hmmm. May I ask you what is your problem with me? Is it that i challenged you on your charts? That by the way suck and shows no information Other than a trend line
come now little one. Breathe and relax

Again, do you not read what you write?

Yes grasshopper you will learn and don't be so assertive. Suck it up sunshine.

In what frame of mind does someone make a comment like that? You can pretend all you want but I see it for what it is.

Hang on what? That comment needs to go to the admin.

Go hard.