$50 now a mere $11 away!
Why are you gentlemen here so lackadaisical?
Silver starting to move
32 posts
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Re: Silver starting to move
by Cu Penny Hoarder » Fri Jul 11, 2025 3:31 pm
Silver $39.20.
$50 now a mere $11 away!
Why are you gentlemen here so lackadaisical?
$50 now a mere $11 away!
Why are you gentlemen here so lackadaisical?
Time is precious, stop wasting it.
- Cu Penny Hoarder
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Re: Silver starting to move
by 68Camaro » Fri Jul 11, 2025 3:55 pm
Cu Penny Hoarder wrote:Silver $39.20.
$50 now a mere $11 away!
Why are you gentlemen here so lackadaisical?
I wonder if a lot of the larger holders of silver that used to post are no longer active. We can all name several of those.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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68Camaro - Too Busy Posting to Hoard Anything Else
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Re: Silver starting to move
by pmbug » Fri Jul 11, 2025 4:16 pm
Cu Penny Hoarder wrote:Why are you gentlemen here so lackadaisical?
The journey of a thousand miles begins with a single step. -Lao Tzu
You can find me ranting at clouds on pmbug.com.
You can find me ranting at clouds on pmbug.com.
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pmbug - Penny Collector Member
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Re: Silver starting to move
by Cu Penny Hoarder » Fri Jul 11, 2025 9:02 pm
pmbug wrote:Cu Penny Hoarder wrote:Why are you gentlemen here so lackadaisical?
As in deliberate?
The excitement of the past years of Realcent seems to have left the building.
Silver at a 13 year high is a major event. It certainly took long enough!
I guess it's like 68 said, many members from the old days are gone; they lost interest, sold their Au/Ag/Cu a while ago, or they died (RIP).
Time is precious, stop wasting it.
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Re: Silver starting to move
by pmbug » Sat Jul 12, 2025 7:29 am
I for one am excited. It looks like the silversqueeze that I've been anticipating since May of last year is finally starting to happen. The signs are everywhere:
- EFP spreads starting to blow out again
- lease rates blowing out again
- SLV share lease rates blowing out again
- SLV inventory being drawn down (presumably from folks redeeming borrowed SLV shares)
- PSLV premium to NAV tightening
- scarcity of 1,000 toz LGD bars available for retail consumption (Perth Mint hasn't sold any to the public in months)
- COMEX swap dealer (bullion bank) short position blowing out
- COMEX deliveries in 2025 are a large increase over 2024 - across all months - not just "delivery months"
The journey of a thousand miles begins with a single step. -Lao Tzu
You can find me ranting at clouds on pmbug.com.
You can find me ranting at clouds on pmbug.com.
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pmbug - Penny Collector Member
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Re: Silver starting to move
by 68Camaro » Sat Jul 12, 2025 11:32 am
Kitco reported on opinion by TD Securities:
"In June, when silver crossed $35 an ounce, commodity analysts at TD Securities said that $50 had become a viable target.
TDS analysts added that higher prices may be the only factor capable of meaningfully addressing the growing supply deficit.
“Our estimates of LBMA silver’s free float now stand at their lowest levels in recorded history,” they wrote in a Thursday note. “With only ~155 million ounces of silver freely available for purchase, the market structure is critically challenged. Silver’s illusion of liquidity tells us the market will only rebalance through some form of a squeeze on physical.”
"In June, when silver crossed $35 an ounce, commodity analysts at TD Securities said that $50 had become a viable target.
TDS analysts added that higher prices may be the only factor capable of meaningfully addressing the growing supply deficit.
“Our estimates of LBMA silver’s free float now stand at their lowest levels in recorded history,” they wrote in a Thursday note. “With only ~155 million ounces of silver freely available for purchase, the market structure is critically challenged. Silver’s illusion of liquidity tells us the market will only rebalance through some form of a squeeze on physical.”
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
-
68Camaro - Too Busy Posting to Hoard Anything Else
- Posts: 8593
- Joined: Thu Dec 30, 2010 6:12 am
- Location: Disney World
Re: Silver starting to move
by pmbug » Sat Jul 12, 2025 12:41 pm
LBMA free float is closer to 148M toz than 155M.
The journey of a thousand miles begins with a single step. -Lao Tzu
You can find me ranting at clouds on pmbug.com.
You can find me ranting at clouds on pmbug.com.
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pmbug - Penny Collector Member
- Posts: 332
- Joined: Sat Dec 10, 2011 4:00 pm
- Location: Uncle Scrooge's Vault
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