#silversqueeze

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Hard NOT to buy silver right now. I even went into my digs to buy more. I can't help but think we've hit rock bottom right now.
 
Anything can happen during chaotic liquidations. But if you can keep a straight head on you and examine your options you just might come out smelling like roses.
 
Voodoo said:
Anything can happen during chaotic liquidations. But if you can keep a straight head on you and examine your options you just might come out smelling like roses.
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Wise man. On 4 Apr 2025 we went under $30 so if you bought just a few months ago, say 100 oz, then you would have made a tidy profit. Nothing awestruck but for silver impressive. And now we are in a daily spiral up as the market starts panicking a bit and everyone wants the shiny and very useful metal. Of course with silver its a game of inches, like football. A little here and a little there and 10 years later, if you hold out and add to it, you'll end up smelling sweet.

Are there other and possibly better paying investments ? Of course there is. But theres also risk. Far more risk then opening your home safe and pulling out a stack you can choke an elephant with and rub your grubby little hands over.
 


July contracts expire Wednesday. From what I've been reading, the shorts want the price of silver below $35 at that point. The battle is on this week.
 
Just gonna post this here so I can remember. Will see what the numbers look like tomorrow. I'd say its the June contracts will go bye bye. But almost none left. Must be first day of delivery for July?

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I watched oil pop and all the geniuses said it was going to $90. I know you don't want to own any oil stocks right now. Gas was as low as $2.65 in Ft. Lauderdale today.
 
More evidence that the metal demand is All coming from Bankers and Industry while Retail is selling (cause they are Broke and Dumb). And people are going to end up even poorer.

 
Voodoo said:
Well I don't really see any change in the Monday numbers. They certainly did try a smackdown this morning. Couldn't even get a $1 with the FED speaking.

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It does look like a Lot of the July open Interest is rolling to Sep. Open interest dropped 71k to 52k with three trading days left. Still that 52k OI would be 261 Mil Oz.

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Unless your eating out of Alpo cans I think your nuts to be selling your silver. For the first part your going to get paid in what you were trying to avoid in the first place, and thats currency. But say even if Uncle Bud dies and leaves you his 50 year silver stack why sell a commodity that at least is going to hold, and probably go higher, for one that will only go lower ?

OK with Uncle Buds stack I'll sell and buy that new Harley.

Next up are five videos telling you why you should be buying junk silver. Ive stopped buying fancy coins myself, much as I like looking at them. Now I buy junk or 10 oz bars. I worked in a recycling plant and they would gobble up junk silver and stirling with both hands tho I couldn't remember what price vs spot. Still an interesting video.
 
UPDATE: CME COT report published yesterday. I've seen several people comment on the 76,756 short contracts for swap dealers (bullion banks) being largest on record. That's nice.

Total of all silver short contracts on the COMEX is now 158,296 representing the sale of 791,480,000 troy ounces (24,617.78 metric tons) of silver (in COMEX good delivery format bars).

The total global free float of vaulted silver in the COMEX + LBMA + SGE/SFE was ~634.495 million troy ounces at the start of June. I'd update this if the LBMA actually reported their vault stock more frequently than once a month.

There is not enough available silver stock in global trading exchange vaults to back all the COMEX short contract positions. When the long contract owners finally demand delivery, there is going to be an epic silversqueeze.
 
This video could have gone many places but probably best in the silver thread. I saw this article on ZeroHedge and knew it was likely a big deal but couldn't read through it. I don't love giving the bankers more room but I guess we will see.

 
Bix is tunnel visioned on silver, but I suspect the Fed's 5.5T lifeline is likely to help them survive an implosion of the commercial (and possibly residential) real estate market(s).
 
pmbug said:
Bix is tunnel visioned on silver, but I suspect the Fed's 5.5T lifeline is likely to help them survive an implosion of the commercial (and possibly residential) real estate market(s).
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The scary part is that probably doesn't even come close to filling all of their gapping giant smoking crappola of a balance sheet.
 
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