Silver starting to move

[Cu Penny Hoarder]

2 consecutive days over $34

$50!

Then in 30 minutes... like magic... all the way back down to $48.50 area.

Blatant price smash down/manipulation. Even a blind man can see it.

[Silver4face]

2 consecutive days over $34

$50!

Then in 30 minutes... like magic... all the way back down to $48.50 area.

Blatant price smash down/manipulation. Even a blind man can see it.

Coinflation is showing $50.22 right now. Or is the $48.50 a prediction for later in the day? If so, I won't dispute it because I/we see smashdowns frequently. In fact, there was a brief smashdown earlier this week.

[68Camaro]

Typo? I don't see that it went much below 50, 49.85 ish

[Cu Penny Hoarder]

Typo? I don't see that it went much below 50, 49.85 ish

Live futures chart here...

Type in symbol "SI"

https://www.investing.com/charts/futures-charts

[68Camaro]

Futures doesn't always count toward spot, but I get your point about a smackdown.

[68Camaro]

Now there is a smack down in spot.

USD rise is assisting the smackdown. It's up 2% over the past several days, and half percent today. I don't that sustained long-term. That accounts for much of the gold smash, and silver is always multiples of a gold smash.

[Silver4face]

Now coinflation is showing silver at 48.83. That's a big smashdown from 50.92. Roughly four percent, maybe more because the day is not over yet.

[pmbug]

Silver’s falling , but not because new supply showed up.

What’s really happening is liquidity breaking before inventory does.
Dealers and funds are being forced to dump paper positions to meet margin calls. Futures are falling faster than spot, so the gap keeps widening even as both drop.
The link between COMEX and LBMA is jammed — credit’s pulling back and no one’s stepping in to arbitrage.
It looks like a price crash, but it’s actually a funding squeeze.
And the irony? This kind of flush only makes the next squeeze worse. When the selling stops and real metal bids return, there’ll be fewer shorts, less liquidity, and no buffer left to contain the move

https://x.com/SunilRe89392848/status/19 ... 4349192653

[68Camaro]

Silver’s falling , but not because new supply showed up.

What’s really happening is liquidity breaking before inventory does.
Dealers and funds are being forced to dump paper positions to meet margin calls. Futures are falling faster than spot, so the gap keeps widening even as both drop.
The link between COMEX and LBMA is jammed — credit’s pulling back and no one’s stepping in to arbitrage.
It looks like a price crash, but it’s actually a funding squeeze.
And the irony? This kind of flush only makes the next squeeze worse. When the selling stops and real metal bids return, there’ll be fewer shorts, less liquidity, and no buffer left to contain the move

https://x.com/SunilRe89392848/status/19 ... 4349192653

Makes sense

[Cu Penny Hoarder]

Silver’s falling , but not because new supply showed up.

What’s really happening is liquidity breaking before inventory does.
Dealers and funds are being forced to dump paper positions to meet margin calls. Futures are falling faster than spot, so the gap keeps widening even as both drop.
The link between COMEX and LBMA is jammed — credit’s pulling back and no one’s stepping in to arbitrage.
It looks like a price crash, but it’s actually a funding squeeze.
And the irony? This kind of flush only makes the next squeeze worse. When the selling stops and real metal bids return, there’ll be fewer shorts, less liquidity, and no buffer left to contain the move

https://x.com/SunilRe89392848/status/19 ... 4349192653

Interesting. Thanks Bug!

[mtalbot_ca]

Silver is produced in most circumstances as a bi-product of base-metal mining. Silver needs to hit the Moon in terms of price to be a real incentive to those mines. I believe there are only 5 or 6 silver-ore mines in the world. Unlike gold, only 20% of the silver ever mined is still available as a secondary source. For gold it is much higher %.

[TXSTARFIRE]

Coinflation shows $49.28 now.

[68Camaro]

If I had to bet (and I'm wrong all the time), I suspect we will see the overnight price recover $50+.

[Lemon Thrower]

$51

[68Camaro]

Yeah, its repeating the pattern that others (pmbug, who has pulled from still others) have been promoting, which is western shorts having to sell to cover, and buyers in the east taking it and pushing the price up overnight (our night). After midnight a fast rise back to 51 by London open, then the price crashed as sellers flooded the market. According to the theory, this continues until short capitulation. Will be an interesting day, into Monday. How long will it take to clear out the debris? Maybe not long.

[franklin]

I have a gun show this weekend. Might substitute some Buffaloes in my case instead of selling old knives.

[pmbug]

We are on the precipice of the real silversqueeze. This is just the beginning stages. Physical scarcity is finally going to assert dominance over the paper derivative markets.

[Cu Penny Hoarder]

We are on the precipice of the real silversqueeze. This is just the beginning stages. Physical scarcity is finally going to assert dominance over the paper derivative markets.

The CME margins were increased yesterday on both gold and silver.
Gold increase: +5.8%
Silver: +9.3%

That was the main reason for the sell off yesterday.

TPTB are very desperate to keep the price of PMs down. Long term, their tricks aren't working as well anymore.

[shinnosuke]

I have a gun show this weekend. Might substitute some Buffaloes in my case instead of selling old knives.

Please let us know how it goes. Do you have a website for your knife business? Do you ever handle Ruffin Johnson products?

[franklin]

I have a gun show this weekend. Might substitute some Buffaloes in my case instead of selling old knives.

Please let us know how it goes. Do you have a website for your knife business? Do you ever handle Ruffin Johnson products?

I will advise. No, I just have a lot of Case knives I inherited and have bought since I was in 6th grade (many moons ago) as well as some German steel like deer foot knives with corkscrews (some of the sharpest metal I have ever handled).
I might take some 100 oz Mathey bars I have since if I sell them back to Apmex or SD, I will get spot minus 3 or so.

Edit: no website and have never heard of the knives you mentioned.

[shinnosuke]

Mr. Johnson lived near us when I was a kid. He made some great knives.

[Recyclersteve]

I’ve created a separate thread dedicated just to silver finally hitting $50/oz.

Please share any pertinent war stories there. Thx.

[68Camaro]

Did you get a blessing from the OPer of this thread to bypass his thread? I'm more inclined to remain with this thread, which has been discussing the rise well before 50 and no reason that can't continue to happen after 50.

[coindood]

Did you get a blessing from the OPer of this thread to bypass his thread? I'm more inclined to remain with this thread, which has been discussing the rise well before 50 and no reason that can't continue to happen after 50.

+1

[Recyclersteve]

Did you get a blessing from the OPer of this thread to bypass his thread? I'm more inclined to remain with this thread, which has been discussing the rise well before 50 and no reason that can't continue to happen after 50.

I did NOT ask for or get permission. I just figured that a thread with the magical figure of “$50” in it might attract some attention.