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+.