Midnight to 6am - Overnight Spot Watchers Spot...

[Oddjob]

If there is a Ag price smack down.....then

 

[JohnnyBravo300]

I was just scrolling through a bunch of different etfs and just about every one is in a bear flag.
What's that mean? Strongest economy ever?

 

[Shaddam IV]

A very impressive Friday closing price indeed after a week of titanic struggles beneath the surface of the silver world.

 

[Oddjob]

Got to love the FUD gang on YT leading up to Friday US close that Ag was about to be smacked down.

 

[ozcopper]

The queue at ABC yesterday as taken by another member on here.

 

[Azure]

Yeah its good to see it heading to retesting the highs already.
I'm pretty sure the rebalancing windows of these large indexes has butted up against shorts covering, so not sure if this will actually provide metal to industry for their needs from stockpiles...
The recent changes to margins as well makes paper leverage want to unwind on both sides.
I did some further digging and some good definition and even better link to current action detailed below.

The Index vs. The Funds

• The Index: The Bloomberg Silver Subindex is a set of rules used to measure the performance of silver futures contracts. It is a reference point that investment products aim to match, but you cannot invest directly in the index itself. The annual rebalancing of the index is an adjustment to maintain target weightings, which in turn causes funds that track it to buy or sell silver futures to match the new allocation.
• The Funds: Financial institutions create various products to track this index. The most common vehicle is an ETF (Exchange-Traded Fund). These funds hold assets (like physical silver bullion or futures contracts) and issue shares that trade on stock exchanges like regular stocks.

Common Funds that Track Bloomberg Silver Indices
Examples of funds that track the Bloomberg Silver Subindex (BCOMSI) include:

• ProShares Ultra Silver (AGQ): A leveraged ETF that seeks to provide 2x the daily performance of the Bloomberg Silver Subindex.
• ProShares UltraShort Silver (ZSL): An inverse leveraged ETF that seeks to provide 2x the inverse of the daily performance of the Bloomberg Silver Subindex.

This is really worth the read.

https://bulliontradingllc.com/blog/bloomberg-commodity-index-rebalancing/

 

[Oddjob]

The queue at ABC yesterday as taken by another member on here.

View attachment 98880

FOMO is building again.

 

[gnik1]

FOMO is building again.

I was there. it was like that on Tuesday as well. I saw people with suitcases coming out

 

[Oddjob]

^^^^^^^^^
I saw these queues in back end of 2025...did you see the queue more weighted with non Anglo buyers?

 

[gnik1]

It was mixed bag would say it was evenly weighted. Think most of them thought the minimum postage of $50 a bit steep. Besides they want you to come in to temp you with all those shiney objects

 

[betterinvestmentthanshare]

https://twitter.com/x/status/2009652466221019567

 

[JohnnyBravo300]

Yeah hes high af.
Its never going below 50 again.

 

[whay]

I wouldn't pay an ounce of paper even at $40.00.

 

[JohnnyBravo300]

It might be building a bull flag or whatever right now but theres no sign of a turnaround yet.

 

[Michael Kay]

^^^^^^^^^
I saw these queues in back end of 2025...did you see the queue more weighted with non Anglo buyers?

looking at the pic, it seems like a mix of Anglo and non-Anglo. Stacking sees no race here it seems, but most stackers i have met f2f have been anglo