silver short squeeze

The silver market was always going to be too big for them to make any real impact unfortunately.
 
Slam said:
Some food for thought:

What's stopping any bullion smelter or processor from buying a 5000oz contract off Comex take delivery. Break down the silver to 1oz blobs or 1kg bars an flip it all at cost + small premium.

Rinse and repeat and bust the Comex over the last 10 years? Surely someone would have done it by now?

Unless the Comex has been playing dirty and refusing delivery or those short aren't supplying to the Comex but forcefully settling in cash.
Click to expand...


Why because 99% of physical silver is "priced" from Spot but has nothing to do with Comex...... Very unlikely a refiner or Smelter buy from source ie mine if they are looking for 5000oz since this is nothing

Much like Australian LPG Gas price is based on Singapore Sweet Oil Futures +- BTU Thermal +- LPG Premium or Discount, the gas never goes anywhere near Singapore but to China. Korea and Japan
 
Last edited:
sgbuyer said:
AG has gone nuts. Silver goes up 10%, AG’s up 40% pre-market. :eek: PAAS’s only up 17%. Should have bought more PAAS.
Click to expand...

Sold my PAAS, almost same price I bought last week! No point holding a silver stock unless can make at least 30-40%. :D
 
bubblebobble2 said:
I’d settle for 20-25%!
Click to expand...

Yes, it went up nearly 20% earlier in the week. If I sell on Tuesday, I can get a free coin. Too volatile so I'm out. Also concerned about talks on a Feb stock market correction.

Anyways, got a bar over the weekend, not looking back. :)
 
Last edited:
alor said:
many dealers have this
We are currently experiencing high demand for physical silver products.
APMEX
Money Metals
lol
Click to expand...
Being a baby stacker, I look at that and wonder if it is:

1) always delayed as a marketing technique to drive desire for the product
2) really in high demand
3) some other reason
 
They only make money as they sell so delaying wouldnt help them. They want turnover as fast as possible and to make their money.
It's just low supply and high demand right now imo.
 
norman_h said:
Being a baby stacker, I look at that and wonder if it is:

1) always delayed as a marketing technique to drive desire for the product
2) really in high demand
3) some other reason
Click to expand...

transportation is a problem during covid, so they can not so easily orders from everywhere
when price drop too fast, big buyer can single handedly clean out the limited supply
no its not marketing, just describe whats going on
high demand ? may be not...as some other supplies are available
premiums differentials are everywhere
 
JohnnyBravo300 said:
They only make money as they sell so delaying wouldnt help them. They want turnover as fast as possible and to make their money.
It's just low supply and high demand right now imo.
Click to expand...

There is supply but depends on what do you want(coins or bars) and how many oz's?
 
True, limited supply I meant. Lots of stuff sold out here in the US and it's really dried up. Not sure about other places.

The past few years there was tons of anything you wanted at any time it seemed.
Just seems dry out there.
 
Lots of market manipulation going on, they play both directions. A market analyst recently made a very good comment. It's not important to get it right all the time, just "diamond hands". He makes a very good point. What he is trying to say is, don't bother with the daily price fluctuation, however volatile it is.
 
I always keep an eye on ABC Bullion and their silver offerings. Their Eureka round has been listed as "pre-order" for about 6 weeks now, and when I just checked, the Eureka round isn't even listed anymore.
 
66rounds said:
https://www.abc.net.au/news/2021-09...s-world-s-most-efficient-solar-cell/100476152


And it contains no silver
Click to expand...
Ouch. Lets start stacking copper!!!! :D:D:D

OMG - 1Kilogram (kg) AUD12.569
https://www.marketindex.com.au/copper

I can't imagine bullion sellers will be selling 1kg copper bars for $12! Needs to be at couple of hundred before copper market price would mean anything. There are some pretty copper rounds out there https://www.jmbullion.com/copper/copper-rounds/ but the price is not related any sort of "spot" value.

eg 1Kg = 32.1507 Ozt s
so each coin would be worth AUD 0.39
JM Bullion set them for as low as AUD 2.41 (USD 1.75)
Markup is AUD 2.02 or 518% premium...

So, while it is great value to buy any metal made into such a fine coin for 1.75 it is not for metal value. :p

Sorry for the massive offtopic ramble.
 
Last edited:
Aurora et luna said:
Currently, scientists at the University of NSW have reduced the level of silver usage way below 1 gram of silver per panel!
It's so minuscule, I don't want to depress Silverstackers by telling them how little is used!:(
Click to expand...
I don't understand why big names keep pushing the green revolution to defend silver at this point.
 
You must log in or register to reply here.
Back
Top