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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.
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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.
 
rblong2us said:
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 …….
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If I thought the dollar is stable or i had a good alternative asset to purchase...I would convert some mostly just because this rise is uncomfortably steep....so my question I ask myself where would I put $ at..... and yes I believe there is some downside risk , there always is...maybe convert some to gold
 
Ttazzman said:
maybe convert some to gold
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.

Exactly what I've been thinking. I was talking with Bottom Feeder awhile back about my 100 oz silber bars. At the time there wasn't a big demand for 100 oz bars but the situation has changed. I've been saying for awhile I wish I had bought moar AU. I'm pretty heavy on AG so its looking better to maybe convert some of my 100 oz silber bars for a few oz's of fractional Yella stuff. It sure as heck is easier to store


.
 
I have 2 opportinities where I live:

1. Cash buyer for silver paying spot + $1.

2. Private individual will to swap two 1oz gold phils for 63 ounces of silver each 63-to-1.

Would anybody make a transaction?
 
Vichris said:
.

Exactly what I've been thinking. I was talking with Bottom Feeder awhile back about my 100 oz silber bars. At the time there wasn't a big demand for 100 oz bars but the situation has changed. I've been saying for awhile I wish I had bought moar AU. I'm pretty heavy on AG so its looking better to maybe convert some of my 100 oz silber bars for a few oz's of fractional Yella stuff. It sure as heck is easier to store
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Vichris said:
.

Exactly what I've been thinking. I was talking with Bottom Feeder awhile back about my 100 oz silber bars. At the time there wasn't a big demand for 100 oz bars but the situation has changed. I've been saying for awhile I wish I had bought moar AU. I'm pretty heavy on AG so its looking better to maybe convert some of my 100 oz silber bars for a few oz's of fractional Yella stuff. It sure as heck is easier to store


.
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I am thinking similarly......100oz silver bars for gold......if silver gets much higher 100oz bars will breach the reporting limit....which would in my opinion could be advantageous in the future to keep transactions under...but I haven't talked to my lcs yet to see where transaction levels would be as I dont want to give up big discounts
 
nickndfl said:
2. Private individual will to swap two 1oz gold phils for 63 ounces of silver each 63-to-1.

Would anybody make a transaction?
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.

I'm with Bottom Feeder & Ttazzman,.....Count me in here,.... If the trader would go for it, use a 100 oz bar (if you have one) plus two 10 oz bars and six rounds..... OR...... just try to use the largest bars you have as part of the transaction. If you HAD to do the deal in smaller sizes it still wouldn't be a deal breaker. There's my Two ¢

.
 
just to be clear ....i am not advocating for dumping silver......but moving to smaller unit sizes to keep out of future reporting requirements on sales.......IE a 100oz bar with silver at $100 would breach reporting requirements....and i certainly dont want to face the idea of gains taxation on a 100oz bar i paid $400 for ....even now it would be one bar and some smaller units so i would be faced with multiple transactions so it would need to be a structed deal with my lcs............................i am also comfortable with just swapping 100s for smaller silver units but going to gold would save some weight n space.........also it hurts to think about giving up some very old rare englehard bars

20181105_185933.jpg
 
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pmbug said:
as the real supply shock/squeeze has not happened yet IMO.
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I don't think so either. Been under production for years now.

I know you didn't watch it, and I realize you don't really like vids so much, (and that's ok) but that's what was being said in that vid that I posted in your other thread. That it's just getting started and that what we are seeing should run through next year and into '27.





We, as a society have been throwing silver into the trash for Decades.

At what price will silver start being reclaimed in the same manner as gold?
 
China silver is going to gap down. Fasten seat belts.
 
Joe King said:
You would trade rare Englehard bars based on the metal value alone?
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I would trade to the very best deal i could make........same as when i bought them.....i have never bought for the rareity or artwork on metal as a policy but i have always bought the most desirable items i could find at the time at the current metal value.....

what good is a big premium if you just have to pay it out in taxes later

point is if no premium could be gained i would trade more common versions first ....rarer or art type metal shines when prices are down

tossing in pics just for fun
 
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So how much of a difference is there between paper silver and actual metal? Or is that yet to be revealed?
 
Taz — that bull logo by Engelhard says that the bar was cast in Canada. Make it a ~little more rare that similar looking bars and around 15,000 of them were cast.
What is the back? Waffle or smooth? (waffle moar rare)
BF
 
Bottom Feeder said:
Taz — that bull logo by Engelhard says that the bar was cast in Canada. Make it a ~little more rare that similar looking bars and around 15,000 of them were cast.
What is the back? Waffle or smooth? (waffle moar rare)
BF
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Per All Engelhard, less than 15,000 of 'em made, too. I bet a bunch of those have been melted already.
 
Bottom Feeder said:
Taz — that bull logo by Engelhard says that the bar was cast in Canada. Make it a ~little more rare that similar looking bars and around 15,000 of them were cast.
What is the back? Waffle or smooth? (waffle moar rare)
BF
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bars were vacuum packed....front photographed.....and put into deep storage 30yrs ago......so pics are just pulled from old inventory on computer for now .....i know several are in the 10k or less ....and 15k or less groups .....think i have some 50ozers that would be under 5k mintage....didnt photograph anything smaller than that
 
I wouldn't be dumping silver just yet...

They're out of it as in they're begging for it.

People are waking up to the reality that fiat is losing value like holding sand.

They're JUST waking up to that reality....
 


How do you “blow up” the world’s entire corrupt financial system?

The “City of London” is no longer the cabal capital of the world’s financial system.

If you are following the SILVER price, it’s telling you that everything has changed.

There are those who thought this could never happen.
They are the same people, who are saying, “nothing is happening” and they also have no clue that everything has changed.

And if you think that Wall Street, will forever remain the cabal “center” of the world’s stock markets, you are mistaken.

A “new” market is opening in Texas and it will transform markets.

Decentralization.

Competition.

Two important safeguards, that are ALREADY being implemented.

Shanghai is competing with London and New York, for one of the most “valuable” and “leveraged” commodities on the planet.

SILVER.

The massive “leveraged paper” SILVER positions are being obliterated.

Derivatives.

They are blowing up the entire system.

Remember this term:

SYSTEMIC RISK.

This is the WEAPON being used to bring down the entire corrupt system.

“A significant portion of the derivatives market operates “outside of the public view.” Most derivatives are traded over-the-counter (OTC) as “private” deals between two parties, rather than on “public exchanges” like the New York Stock Exchange. These OTC contracts are “not publicly traded,” so no market price is available to validate their “theoretical valuation,” making it difficult to assess their true risk and exposure. This “lack of transparency” is a major challenge, as the pricing of OTC derivatives depends heavily on the inputs used, and their results can vary significantly based on assumptions. While exchange-traded derivatives (ETD) offer transparency and real-time pricing, the OTC market remains dominant and “largely unregulated,” contributing to concerns about “systemic risk.”

This UNREGULATED, PRIVATE market in SILVER is based on THEORETICAL VALUATION.

This GAME has been going on for a long time.
A corrupt manipulation of the entire system.

But then some huge things happened.
One after the other.

1) The leaders allied with Trump to destroy the system, began adding massive SILVER purchases, to go along with their massive GOLD purchases through their central banks.
Russia, China, Saudi Arabia and India.

2) Trump placed SILVER as a “critical mineral.” That made SILVER a strategic industrial commodity. That prioritized domestic mining production and enabled stockpiling.

3) JPM began dumping ALL of their short positions and for the first time in their history, went fully long on SILVER. As the largest holder of “physical SILVER” in the world (750 million ounces), they are no longer putting a ceiling on the price of SILVER.

4) JPM and other traders started demanding “physical delivery” on the COMEX, instead of cash.
SILVER starts flowing from London to New York.

5) Traders in Shanghai massively bought SILVER on Christmas Eve and Christmas. This completely decouples the physical price of SILVER from the manipulated paper price in the derivatives market.

Immediate PANIC ensues.

Big banks shorting SILVER are likely ALREADY broke.

This massive derivative SILVER market, is the TOOL to bring down the entire centralized and corrupt system.

SILVER is now on a trajectory towards real “price discovery,” as central banks compete with massive tech corporations to secure “physical SILVER” for the future.

That DEMAND from big money entities, is now driving the rush from “paper” into real physical SILVER.

Who knows where it finally tops.
 
Vichris said:
My 2¢,..... Its going to be either Someone Else ($75) or Viking ($65). If I was going to wager I'd say Someone Else.

I dunno,...... Maybe the banksters, will be able to suppress it enough to keep it under $70.

As long as Ttazzman doesn't win I'll be happy.....;):ROFLMAO::p
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At this rate it'll be the 'bug, easy.
 
LBMA spot/COMEX futures are chasing China (SGE/SFE).



LFG!
 
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