iShares Silver Trust (SLV) News

India took delivery of 47 mil oz

Alwaysred,




102 contracts left for month, do you think a pull back before month's end ?

https://www.cmegroup.com/markets/metals/precious/silver.volume.html

Silver Use in India Solar Projects Is Skyrocketing https://www.moneymetals.com/news/2024/01/26/silver-use-in-india-solar-projects-is-skyrocketing-002955 $SLV

Gold price to surge to $10k under Harris administration - Peter Schiff $SLV

Gold ATH:

Read my posts and you'll have all your questions answered.

How come silver is not following gold and making all time highs?

Zero Hedge

The Silver Institute expects silver demanded by 5G to more than double, from its current ~7.5 million ounces, to around 16Moz by 2025 and as much as 23Moz by 2030, which would represent a 206% increase from current levels. $SLV

Count

I agree w/ you. All good points. I too believe in having physical silver and gold at all times...now more than ever.

I especially like the junior miners.

I have often thought about picking up some mining shares. And then I see some of the podcasters talk about when this whole thing blows up ( riggers gone ) and metals reach their true value, all the countries with precious metals will probably nationalize their mines! Makes sense to me. They will keep their assets in their own country. Which to me says you better have your silver in hand before that takes place because silver will be reserved for industry.
Mexico, which is the number one producer of silver is already talking about keeping their silver in Mexico
On the other hand, if silver and gold is allowed to be traded on the open market, lots of money could be made in mining shares.
Good luck whatever you decide to do! Myself, I'll stick with physical in hand when this blows up!

Count

Do you have any evidence that there is going to be a peak in silver production? Do you know that there is an explosion in demand?

Can you provide any evidence from anywhere other than metal salesmen?

Isn't the price of silver manipulated?

Where are you getting your propaganda....I mean statistics?

Silver: The Unsung Hero Of The New Economy

https://www.zerohedge.com/commodities/silver-unsung-hero-new-economy

Silver will be considered the best trade of this generation. Silver production peaks in the next few years while demand explodes via new technologies. It's a simple equation of demand eclipsing supply.

Bear in mind however, that commodities will likely take a moderate hit in the coming recession. There will likely be great opportunities for significant investment positions in the coming months.

I especially like the junior miners.

"There’s no shame in being wrong about anything and it’s understandable why so many people have such high hopes about BRICS, but it’s better to be aware of the facts and temper expectations than to be unaware of them and inevitably become deeply disappointed once reality hits. "

https://www.zerohedge.com/geopolitical/russia-chinas-us-provoked-payment-problems-caught-most-brics-enthusiasts-surprise

"The metrics are familiar yet compelling enough to repeat. The greenback comprises just under 60 percent of global currency reserves, according to the IMF. That is down from about 70 percent in 2000, but still well above any competitor. The euro is next, with about 20 percent, followed by the yen and the British pound. The yuan has 2.6 percent of the total. In terms of trading, the US dollar appears almost untouchable, accounting for one side of 88 percent of all transactions in the US$7.5 trillion-a-day foreign exchange market."

https://www.taipeitimes.com/News/editorials/archives/2023/08/25/2003805243

https://finance.yahoo.com/news/us-dollars-dominance-secure-brics-090821646.html

"While efforts to move away from the dollar have, in some sectors, gained traction, the rhetoric around de-dollarization is, in many ways, more about performative politics than serious policy. To make the yuan more attractive, Beijing could loosen its capital controls or move away from a surveillance state model, but it shows little signs of doing so. The European Union could boost the euro if it were to create the kinds of capital markets that drive the U.S. financial system, but it hasn’t. These moves would be beneficial to Chinese citizens and Europeans alike. But for now, the dollar remains the most trusted, and in many ways most efficient, currency for not only the United States but most of the world. And while BRICS may have the desire to build a new international financial system, the global economy that has allowed the emerging markets to emerge over the last 25 years was built on the dollar."

https://foreignpolicy.com/2024/06/10/brics-currency-dollar-yuan-united-states-economy/



Funny how the metal salesmen say Brics Brics Brics.....And what is their solution? Buy metal!

I can't even imagine an event that would destroy that means of control.
Enter Brics..............These countries are so sick and tired of the US controlling commodities pricing not to mention the sanctions.
You have to believe that there have been a whole host of things taking place since at least 2016 and I'm a firm believer.
We'll find out soon enough.............Brics has their big meeting in Russia on Oct 22nd I believe.
At any rate, silver will soar eventually...........once they run through their slush fund of silver they've been digging into.

Count

I shared it to reiterate that again not all is that it seems. Not only do the bankers own all the debt based currencies, but they also created, own and control all the cryptos. And they use them to help the dollar.

If there is any new system put into place, it will be them that control it. Russia, China, USA Israel, Iran, Japan, etc. All of the countries are all controlled by the same bankers and systems.

If crypto is being used to supplement the dollar in the background. It is the bankers that are controlling it.

And they mention it is the ETF's that control the prices, just like SLV and GLD.

They can control the price of BTC just like they do gold and silver with SLV and GLD. They can use crypto/Bitcoin to hide dollar inflation, and ditch dollars. Then control the price of BTC with the ETF.

Using the BTC ETF they can put the price of BTC wherever they want it. Just like silver and gold with SLV and GLD.

Since the creation of GLD and SLV the bankers have had no fear of the price of silver and gold. Their supposed to be competition to the dollar, but they are so easily controlled. Biz knows it, he just wont say it. Because he is so invested in silver. He is indeed a metal salesman. His subscribers will tell you so. And he has a paid subscription. How many paid subscribers will he have left if he admits that the bankers have total control and there is nothing anybody can do about it? His lively hood depends on the charade.

Silver, gold and now Bitcoin are under total control. There are endless digits. There are more digits than physical. I can't even imagine an event that would destroy that means of control.

I enjoyed the video. Have to admit I know very little about bitcoin. Interesting some of the connections being made. We'll have to see how it all plays out I guess.
Bottom line.............anything the gov has a hand in is going to turn to shit.
I'm a huge private rights guy as I would assume a large segment of the populace is as well . Going to be a hard sell to get everybody on board with cbdc.
I suppose they could try and force it on all of us. I'm old enough I probably won't have to worry about it but I do worry about my kids / grandkids.

Count

https://odysee.com/@UnlimitedHangout:a/Solari-Whitney-Webb---Mark-Goodwin:2

This guy is from the UK



Count

Time to wake up folks!
This is a very informative video on Brics



Count

The post that I just made PROVES that Bix is WRONG! He says that the Dow, oil, interest rates, etc don't effect the price of silver. Um.....WRONG BIX!

Look at the charts.

The price of silver will ever only be where they allow it.

LOLOL!



Count

LOL!

https://www.bullionvault.com/silver-price-chart.do

https://www.marketwatch.com/investing/index/dxy?mod=home-page

https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx&mod=home-page

https://www.marketwatch.com/investing/index/djia?mod=home-page

https://www.marketwatch.com/investing/future/cl.1

ISM Services PMI rises to 51.5% $SLV

Nice watching.

703X5000=3,515,000 ounces X 29 = $101,935,000 still to deliver during the month of Sept.

Remember that last delivery month at the end of the month they smashed the price down to fill the last of the deliveries. The end of July they got it down sub 28 to 27.50 - 27.75.

The beginning of Aug crash in the price of SLV was due to the market crash.

Look at the 3 month chart here:

https://www.marketwatch.com/investing/index/djia?mod=home-page

1Qtr chart here:

https://www.bullionvault.com/silver-price-chart.do

The reason that the 2 dollar smash happened Aug 4th happened partly because people were pulling their money out of the market and piling into SLV and GLD to "hedge" However when you buy SLV and GLD you are creating SLV and GLD. The more GLD and SLV there is the less value it has. The price whet down. Just like COVID when the price of SLV when down to 12. LOL 12! How can that be if the metals are a hedge against uncertainty. I'm teaching people why. And have been for years.

SLV and GLD is the manipulation tool.

I expect the price of silver and gold to stay low until those contracts are filled. It's still over 100 mil that the banks have to deal with. And the banks despise the color red.

Now remember the metal salesmen are going to start to get loud again. Its coming over the next few months. They do it every cycle. They get people to fall for their tricks. And believe me, the lemmings will be on the board full force. "this is it" they'll say. "This is the time" "Its crashing" "The whole system is dying" "Buy your silver now before its too late" "50 dollar silver" on and on and on.

So here it is. Look at this historical deliver chart:



Delivery months are as follows:

March
May
July
Sept
Dec

The metal salesmen always parrot that between Oct and March it is the best time for the silver price. And it is. And here is why. There are 3 months in between delivery months instead of 2. If the banks don't need to deliver for 3 months, they can allow the price to rise higher before smashing again before deliveries.

The metal salesmen make it seem like the sky is falling and that the system is collapsing. They stir up interest and demand. The price of silver may even go to 35. People will be excited. They'll be on the board posting like crazy. They'll be showing all their evidence and metal salesmen videos. And then when Dec delivery month gets here..........The price goes down faster than my ex wife on a first date. And the biggest rise is usually between the Dec and March delivery months.

But they'll be on here telling me I'm and idiot and I have no idea what I'm taking about as usual.

If you really look at that delivery chart you can see that since 2020 the average DEMAND for silver delivery has gone down. And so has the open interest. Once again supporting the fact that silver demand is LOW. Contradicting once again the metal salesmen's beliefs.

Facts trump propaganda and disinformation.

AlwaysRed,



"4553 contracts to fill by the end of Sept.

I am not sure how much of that is physical or paper and I do not know how much more will be moved to Dec as the demand for silver is so low."


https://www.cmegroup.com/markets/metals/precious/silver.volume.html

It looks like they did deliver a bunch yesterday. 3830 of them(19.15 million ounces !) and now left with 703. Now this drop in price on Friday was for that I suppose, does that significant drop mean the Bottom of the range is looking better since it looks like a bunch got delivered in the mid/upper $28 range I assume from the drop need yesterday ? Is 703 a lot left to deliver and what price might be need to get those filled ? Let's wait to see.

Alwayred,



"4553 contracts to fill by the end of Sept.

4553 X 5000 = 22,765,000 ounces of silver.

27,765,000 X 29$ per ounce at current prices = $660,185,000 dollars worth of silver needed to be delivered by the end of Sept.

I am not sure how much of that is physical or paper and I do not know how much more will be moved to Dec as the demand for silver is so low."


That number was been dropping significantly in last few days. Will be interesting what it is tomorrow.

Replying to this post that was left in June. $50.00 silver by Sept. Ummmm.........Metal salesmen will get you every time. I can show you videos just like this one from 1 year ago, 5 years ago, 10 years ago and 20 years ago. Are our memories so short? Why do we constantly fall for the same old stories?

Here is where we are at.

https://www.bullionvault.com/silver-price-chart.do

Sub 29 silver.

https://www.cmegroup.com/markets/metals/precious/silver.volume.html

4553 contracts to fill by the end of Sept.

4553 X 5000 = 22,765,000 ounces of silver.

27,765,000 X 29$ per ounce at current prices = $660,185,000 dollars worth of silver needed to be delivered by the end of Sept.

I am not sure how much of that is physical or paper and I do not know how much more will be moved to Dec as the demand for silver is so low.

I am still trying to figure out this new channel. Is it 26 - 30? Is it 26 - 32? I t looks like they capped it at 30 for this run. It is going down pretty quickly due to the fact that they need to fill physical contracts over the next 30 days. How low will they get it?

NEVER trust a metal salesman..........

Markets Firmly Expect The Fed To Cut Interest Rates On September 18 $SLV

Gold Rush in India: Duty Cut Ignites Massive Buying Spree https://jpost.com/business-and-innovation/precious-metals/article-815319 $SLV

thought this would be higher today after powell speech??/ no??

thought this would be higher today after powell speech??/ no??

One kilo for each battery from what I'm reading!

Count

silver

Silver set to soar on Samsung’s solid-state battery breakthrough


Moass on deck

Amen brother !!

Count

"Paper money eventually returns to its intrinsic value --- zero."
Voltaire (1694-1778)

All-time gold highs and not a peep from main stream media! Government doesn't want you owning gold or silver, don't even want you thinking about it. You have to be a gold and silver bug or watch people like Andy Schectman and Bix Weir to even know what is going on.
Our current Fiat currency ( like all Fiat systems has in the past ) is coming to an end. Gold and silver continue to be the only real money.
Everything else is just unicorn fart dust!

Count

It's paper silver. Technically worthless. Should be zero

Gold record highs. Just a matter of time before this rips over $100

BRICS: Another Country Announces Its Ditching US Dollar for Oil Trade

https://watcher.guru/news/brics-another-country-announces-its-ditching-us-dollar-for-oil-trade

Count

Standing for delivery. Such a beautiful thing!
Thank you China and India.............since you've been standing for delivery I'm always green !

Count

I agree, but it just doesn't seem to effect the price much if any.

Last week someone told me their were lines outside a coin dealership waiting to get in to buy silver.

funny thing the price was going down. And went down further the next day. As I've stated in a number of posts, our Gov't won't
let the price of silver raise in an election year.

"Silver is used in semiconductors, consumer electronics, automobile electronics and infrastructure hardware, which would all benefit from the penetration of a #5G ecosystem, given the necessity of higher-density infrastructure for good signal coverage" $SLV

Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi https://cnbc.com/2024/04/16/gold-is-shining-bright-like-a-diamond-and-could-hit-3000-says-citi-.html $SLV

https://talkmarkets.com/content/commodities/why-precious-metals-are-set-to-shine-gold-and-silver-on-the-rise?post=457595

Nobody

Who truly believes these government data releases?

up strong today always green $SLV

U.S. labor market pulled back from the brink last week. Initial claims for state unemployment benefits fell by 17,000 claims to a seasonally adjusted 233,000 for the week ending August 3, the Labor Department announced. $SLV