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Silver starting to move

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

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Re: Silver starting to move

Postby Cu Penny Hoarder » Fri Jul 11, 2025 3:31 pm

Silver $39.20. :thumbup:

$50 now a mere $11 away! :clap:

Why are you gentlemen here so lackadaisical?
Time is precious, stop wasting it.
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Re: Silver starting to move

Postby 68Camaro » Fri Jul 11, 2025 3:55 pm

Cu Penny Hoarder wrote:Silver $39.20. :thumbup:

$50 now a mere $11 away! :clap:

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I wonder if a lot of the larger holders of silver that used to post are no longer active.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.
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Re: Silver starting to move

Postby pmbug » Fri Jul 11, 2025 4:16 pm

Cu Penny Hoarder wrote:Why are you gentlemen here so lackadaisical?


Image
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Re: Silver starting to move

Postby Cu Penny Hoarder » Fri Jul 11, 2025 9:02 pm

pmbug wrote:
Cu Penny Hoarder wrote:Why are you gentlemen here so lackadaisical?


Image


As in deliberate? :P

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

Postby 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"
And of course, the biggest signal is the futures and spot prices moving up strongly on a Friday.
The journey of a thousand miles begins with a single step. -Lao Tzu

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Re: Silver starting to move

Postby 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 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.
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Re: Silver starting to move

Postby 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

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Re: Silver starting to move

Postby pmbug » Mon Jul 14, 2025 6:55 am

Spot over $39 this morning.
The journey of a thousand miles begins with a single step. -Lao Tzu

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Re: Silver starting to move

Postby 68Camaro » Mon Jul 14, 2025 9:37 am

pmbug wrote:Spot over $39 this morning.


Touched it, didn't last long. Still well above 38, and Feb futures are over 40, so solid promise.
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.
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Re: Silver starting to move

Postby pmbug » Mon Jul 14, 2025 10:15 am

Yeah, Mr. Slammy yet lives.
The journey of a thousand miles begins with a single step. -Lao Tzu

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Re: Silver starting to move

Postby silverflake » Mon Jul 14, 2025 7:58 pm

Re: Cu Penny Hoarders comment "The excitement of the past years of Realcent seems to have left the building", I hear ya. I gotta admit I am excited but have not been posting much here lately. I remember the 2010-11 run up this board was HOT! I wish I knew how to drum up some more young blood (I was the "youngster" back then, I joined in 2010, I was 42).

Regardless, the recesses of my mind keep waiting for the smack down. Maybe it won't come. Time will tell.

Keep stacking. Or get ready to sell?
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Re: Silver starting to move

Postby thecrazyone » Thu Jul 17, 2025 7:50 am

Saw this as of this AM

https://www.kitco.com/news/article/2025 ... undeclared
Author: Bring CHANGE Into Your Life (A Truly Easy Investment Tool)
https://www.amazon.com/Bring-CHANGE-Int ... 1077276869
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Re: Silver starting to move

Postby 68Camaro » Thu Jul 17, 2025 8:25 am

thecrazyone wrote:Saw this as of this AM

https://www.kitco.com/news/article/2025 ... undeclared


That's interesting; I had missed the Russia announcement from last year.
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.
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Re: Silver starting to move

Postby franklin » Thu Jul 17, 2025 11:57 am

APMEX is having a recurring flash sale with 3 different items every hour and one is at spot. Currently spot item is bag of 90% quarters/dimes.
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Re: Silver starting to move

Postby Cu Penny Hoarder » Thu Jul 17, 2025 2:23 pm

franklin wrote:APMEX is having a recurring flash sale with 3 different items every hour and one is at spot. Currently spot item is bag of 90% quarters/dimes.


Much better deals out there now. LCS' are cheaper... many are selling 90% under spot now. I have enough, don't need/want anymore.
Time is precious, stop wasting it.
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Re: Silver starting to move

Postby franklin » Thu Jul 17, 2025 2:51 pm

LCS' are cheaper... many are selling 90% under spot now

Not around here.
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Re: Silver starting to move

Postby Cu Penny Hoarder » Thu Jul 17, 2025 3:26 pm

franklin wrote:LCS' are cheaper... many are selling 90% under spot now

Not around here.


The guy in Spring Hill FL. Fast forward to 3:20... selling 90% for $1 below spot.

https://youtu.be/xQaLtnnW_w0

You're welcome! 8-)
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Re: Silver starting to move

Postby 68Camaro » Thu Jul 17, 2025 4:42 pm

Silver clawed back over 38 even with the dollar up (though it dipped down to help out).
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.
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Re: Silver starting to move

Postby pmbug » Thu Jul 17, 2025 4:52 pm

The Apmex lightning sale has had some interesting deals (they change every hour). At least one offering every hour will be silver at spot.
The journey of a thousand miles begins with a single step. -Lao Tzu

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