Contest Guess the Spot Price Silver on December 30, 2025 (Guesses due before Dec 8)

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I have two ideas. One, there is someone with a lot of money that wants to buy a lot of silver. Now. Or maybe some short sellers have finally realized that their guaranteed income has now turned into a grenade in their ass, and they need to clear now before it goes off.
 
Bullion banks are no longer shorting the shit out of silver as physical stocks are becoming constrained.
 
chieftain said:
Can someone offer an explanation as to how/why the price is moving by whole percentage points. I'm at a loss, I figure price discovery has kicked in at some point, but this is nuts.
Click to expand...
I wonder the same. My low guess was serious. Long-term devalued dollar is a given, but this? If this is speculation we should all be selling silver and waiting for the pullback or trading into gold. Even at 65:1.
 
It isn't speculation. I have been documenting the vault stock story all year in the demand drivers thread. Here's the summary:

pmbug

Silver Timeline

global free float 2025.webp


  • ~2020: Silver begins a structural supply/demand deficit where mining production + scrap recycling < industrial demand. The structural deficit begins draining existing vault stocks from the LBMA et al
  • 2021: The US military begins sourcing silver from the public markets as the Defense Logistics Agency (DLA) runs out of their surplus silver stock
  • July 2024: India enters the chat:
    • Silver spot price begins ~93% correlation with INR/CNY currency pair. This might be reflective of India facilitating a Russian oil for Chinese silver trade
    • India...
  • Thanks
  • Applause
 
I was looking at the long term chart for silver and by any chart thinking, this is waaay beyond any previous activity, even the Bunker-Hunts in 1988 and the spike in 2011, when I bought my pile of silver 🙁

Caution screams gtfo but it’s a lot more fun being in on the madness than it would be as an observer and I’ve spent so many years in the negative on the silver purchases that I actually don’t care if it suddenly drops bigly.

Maybe if / when I’ve doubled my original silver purchase value, I should sell half ……..
 
Until industrial demand wanes, the silver train will keep chugging.
 
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