Silver price discussion and analysis

[finicky]

BML @ 0.44, up 17%
Gee wonder if they've got onboard themselves? They'd be the sticky investor types though.

WEEKLY

 

[greggles]

I should have known something was up when silver didn't re-rest US$35. Not even once. It never touched that level again. How odd is that? US$35 was a critical level for silver and it just sailed through on 5 June and never looked back. That was a very telling sign that something had changed in a fundamental way.

 

[mullokintyre]

Silver has been designated a "critical Mineral".
This may explain some level of the price movements currently sitting at $AUD 69.10 as I type.
It seems that silver hoarding may have already begun, according to Goldfix .
Mick

 

[frugal.rock]

@Sean K, no I'm in - but way past thinking about it anymore. Like more than a decade since I've had a flicker of interest.
Shouldn't try to spoil it for others I guess.

Interesting times.

 

[greggles]

I wonder what will happen to demand when the general public wakes from its fiat currency slumber.

 

[finicky]

Yeah he was pulling this stunt in the last silver rally that imploded like an chef's apprentice soufflé and I wouldn't be surprised if he was doing it in the early 2000s and even in 1980 from his crib.They were asking "when will everyone wake up" back then. To take it the other way, what's it tell you about the allure and recognition needed for fuelling a bull market when, with editing, you can find enough people who virtually don't know what silver is. He should try it with gold.

 

[mullokintyre]

Yeah he was pulling this stunt in the last silver rally that imploded like an chef's apprentice soufflé and I wouldn't be surprised if he was doing it in the early 2000s and even in 1980 from his crib.They were asking "when will everyone wake up" back then. To take it the other way, what's it tell you about the allure and recognition needed for fuelling a bull market when, with editing, you can find enough people who virtually don't know what silver is. He should try it with gold.

View attachment 209619

Missed the boat on STN, and on silver, you are slipping @finicky .
Mick

 

[finicky]

Seething at that last snide remark. Totally unnecessary, let's keep the discussion civil. Unconscionable mod reaction.

 

[greggles]

Yeah he was pulling this stunt in the last silver rally that imploded like an chef's apprentice soufflé and I wouldn't be surprised if he was doing it in the early 2000s and even in 1980 from his crib.They were asking "when will everyone wake up" back then. To take it the other way, what's it tell you about the allure and recognition needed for fuelling a bull market when, with editing, you can find enough people who virtually don't know what silver is. He should try it with gold.

View attachment 209619

Yes it's a stunt but it demonstrates public ignorance about the value of silver and is consistent with my experiences. I know almost nobody that owns physical silver in bullion form. But everyone loves cash. $1000 in cash five years ago is worth less than $1000 today. $1000 in silver bullion five years ago is worth over $2000 today.

Precious metals aren't on most people's radar even today. In Western countries I mean. Crypto is of course, but not silver or gold. I suspect one day that will change.

 

[Sean K]

Can someone please tell me the day before the music stops. Cheers.

 

[DrBourse]

Can someone please tell me the day before the music stops. Cheers.

View attachment 209727

@Sean K ,
IMO be careful, ST Inds are beginning to flatten out, and some are falling.
Smaller Candle may suggest Loss of Momentum.
I am out of SVL, and sitting on the sidelines for a bit.
Cheers

 

[mullokintyre]

IMO be careful, ST Inds are beginning to flatten out, and some are falling.
Smaller Candle may suggest Loss of Momentum.
I am out of SVL, and sitting on the sidelines for a bit.
Cheers

Apart from getting out of SVL completely, I also d=umped 40% of my cooking show stock, MKR.
Have sells in for a third of my other silver play, ARD.
Mick

 

[Garpal Gumnut]

Can someone please tell me the day before the music stops. Cheers.

View attachment 209727

Sorry couldn't help it. Crazy times now just like then.

gg

 

[ducati916]

It has gone pretty high, pretty fast, but...




For $320 you can buy cover for 1000 shares of SVL.

Simply bank the profit and hold your position or re-load even more shares.

Why lose your position when silver has only just started its run?


jog on
duc

 

[moXJO]

I've waited 20 years.... I can wait for another $10 to the price. Just need to keep an eye on the Usd/Aud $. Last time it killed the gains with the commodity run boost to the dollar.

 

[finicky]

Why does this remind me of silver investors?

 

[mullokintyre]

Why does this remind me of silver investors?

The rapture has been and gone, ya missed the boat.
Mick

 

[DrBourse]

View attachment 209730

@Sean K ,
IMO be careful, ST Inds are beginning to flatten out, and some are falling.
Smaller Candle may suggest Loss of Momentum.
I am out of SVL, and sitting on the sidelines for a bit.
Cheers

Talk about Ramping - Silver Soaring - NBL, that means Not Bluddy Likely (in the ST) ....


Most Silver Indicies & Stocks are having a ST Tank IMO....




Not sure yet what the next ST move will be, tomorrow, Friday 3/10/25 may provide more clues...
As I mentioned B4 - B Careful...

 

[moXJO]

Why does this remind me of silver investors?

After Finicky Silver shamed me I went and talked to a few silver dealers I knew to sell some.
Apparently theres a lot of silver being sold to dealers at the moment.
Usually dribble scare tactics and trying to rip me off at $1800 a kilo.
Smaller dealers tend to do this, shifty as used car salesmen. But they are good for street info trends.

Next went up to ABC bullion who I normally deal with. Line inside when I entered, but was out the street when I left.

Lots of middle eastern and jews, Asian, 1 or 2 Aussies. Guy before me was an aussie. It looked like he sold about a $million or more in gold before me. But it was a buying frenzy in there. Lots of people grabbing gold some getting silver. Looked about 10:1.
Lots of young people as well who were pretty confident.

I got around $2150 a kg locked in.
Lugging it there wasn't fun but I had business in the city anyway. Sold about a tenth of my holdings just to start shifting into something else.

 

[finicky]

After Finicky Silver shamed me I went and talked to a few silver dealers I knew to sell some.

Lol, but geez I hope that's not true. I'm quite sure you wouldn't make a decison based on that.

My unqualified opinion is to hold onto silver for those who've already bought. I'm a jaded +20 year silver bug, maybe I should stop sh*tg on it for fun.

P.S. Check out silverstackers when next thinking of selling. Peer to peer transactions, better prices for both parties without the middle-man.
Or ebay - harder and slower for lge amount.