Realcent.org

pennypicker wrote:Once it breaks above $30 and STAYS above $30 then it will get my attention after 13 years of drought......
....and by the way "The Honeymooners" the best sitcom of all time!

Lemon Thrower wrote:Silver starting to move now - $28.36

Recyclersteve wrote:P.S. The silver ETF is up 11.3% since this thread was created. That is pretty darn nice IMHO. So I don’t buy the premise that it isn’t moving.

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While technicals are turning bullish for silver, Daniel Ghali, senior commodity analyst at TD Securities, said he expects fundamental factors will create a long-term uptrend for the white metal.
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“Silver markets may be set up as the most exciting trade in the energy transition theme across the entire commodities complex today,” Ghali said in his latest research note. “The energy transition is this decade's investment zeitgeist, and implications for silver are often overlooked.”
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Ghali noted that this growth in demand and significant underinvestment in mine supply has created a “universally-recognized structural deficit.” Ghali added that this fundamental imbalance has been largely ignored as markets have focused on massive above-ground stocks instead.

However, Ghali said markets have misjudged just how much silver is available, and this depleted reserve will squeeze prices higher.

“For many years, market participants could safely assume that the behemoth stockpile of above-ground silver would be sufficiently large to satisfy any reasonable scale of demand growth,” Ghali said. “Today, we believe this assumption could potentially be challenged within the next 12-24 months.”

Ghali said that industrial demand, driven by the green energy transition, has completely transformed the silver market. He noted that in 2019, there were expectations that it would take about 165 years to deplete the stockpile of silver.

Ghali said his new two-year target could be accelerated if investors jump back into the market.

“The potential ETF buying activity associated with a typical Fed cutting cycle could dramatically shorten this time span. This poses a significant liquidity risk for silver markets, and makes a legitimate case for a potential #silversqueeze on the horizon,” he said. “Pressure release valves could eventually help the missing silver make its way back to markets, but necessitate higher prices in order to do so. This is an extreme upside convexity trade that is severely underpriced.”

India's silver imports surged by 260% in February to a record high, as lower duties encouraged large purchases from the United Arab Emirates (UAE), government and industry officials told Reuters, adding they were on track to increase by 66% this year.

Higher demand in India, the world's biggest silver consumer, could support global prices trading near their highest in three years.

India imported a record 2,295 metric tons of silver in February, up from 637 tons in January, said a government official, who declined to be named as he was not authorised to talk to the media.
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Chirag Thakkar, CEO of Amrapali Group Gujarat, a leading silver importer, said the industry had replenished stocks in January and February after having depleted them in 2023.

"Indian imports are cyclical in nature. In one year, imports may be very high, and then the following year they may fall. Since imports fell in 2023 after record buying in 2022, we can expect imports to pick up in 2024," Thakkar said.

India's imports could rise to 6,000 tons in 2024, from last year's 3,625 tons, driven by robust demand from the fabrication and solar industries, he said.
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Lemon Thrower wrote:

Recyclersteve wrote:P.S. The silver ETF is up 11.3% since this thread was created. That is pretty darn nice IMHO. So I don’t buy the premise that it isn’t moving.

Lol I created the thread and I did note that it is now finally moving. But there was a significant lag between Bitcoin's move, Gold's move, and then finally silver's move. The former have even hit ATH's this year; silver has yet to do so.

Silver always responds a little slower than gold but this time it was a lot slower.

I might take some profits here and switch into Bitcoin.

Cu Penny Hoarder wrote:
Silver thread, but you can't help yourself from shilling bitcoins.

This site is turning into a crypto pumper site. Sad.

Cu Penny Hoarder wrote:

Lemon Thrower wrote:

Recyclersteve wrote:P.S. The silver ETF is up 11.3% since this thread was created. That is pretty darn nice IMHO. So I don’t buy the premise that it isn’t moving.

Lol I created the thread and I did note that it is now finally moving. But there was a significant lag between Bitcoin's move, Gold's move, and then finally silver's move. The former have even hit ATH's this year; silver has yet to do so.

Silver always responds a little slower than gold but this time it was a lot slower.

I might take some profits here and switch into Bitcoin.

Silver thread, but you can't help yourself from shilling bitcoins.

This site is turning into a crypto pumper site. Sad.