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Silver Price Watch

Smithys Bullion - FINE GOLD AND SILVER
It has definitely broken out of its ascending trend line, but that gap-up is concerning as these normally get filled down the chart track.Screenshot_20250909_182808_TradingView.jpg
 
the gaps in Pd and Pt had been covered in cfd prices charts
the gap on gold its still a hole up
gap in silver got a 50:50 chance of being cover ??
 
i have long abandon the idea of being covered for the last 25 years
they went belly up way faster than covering the gaps
mostly for listed companies...
may be gold is not the same, it has been the best performer beating almost all equities in the last 25+ years
 
Gold is overbought but the markets are just dismissing this. But we are not talking about gold! It is silver that is so undervalued that the markets are missing this . Gaps get filled, and then 2 more choke points before it will have its day
 
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STKR said:
Curious what that actually represents. Periods of -2% lease rates?
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I get what ur saying. Looking at the chart of lease rate u see points where the lease rate is in the negative. Eg, -2%

Seems a bit strange. Do they pay them to lease the Silver ? 😲

If I went to my local Bank & they said the interest rate is -2%, does that mean I have to pay them to take my money :unsure:
 
SKULL said:
I get what ur saying. Looking at the chart of lease rate u see points where the lease rate is in the negative. Eg, -2%

Seems a bit strange. Do they pay them to lease the Silver ? 😲

If I went to my local Bank & they said the interest rate is -2%, does that mean I have to pay them to take my money :unsure:
Click to expand...

I think that's exactly what it is, but is determined by available supply, demand, storage and delivery costs. Remember in 2020 when oil went into negative territory? They had to store it on tankers and the cost was significant.
 
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