iShares Silver Trust (SLV)

[Countmein]

Thanks Bob. right back at you 1078

[Princess17]

Loads of paper today. Rigging at is best

[DarkPool]

Lol well over 30 buddy. Try to buy an ounce of physical. Let me know where you find it for $25

[Copilotdog]

Silver will not touch $30 till maybe after the elections. Count on it going back to $25.50 short term.

[DarkPool]

East’s gonna be controlling golds price shortly. They really like silver. Cheapest hard asset on the planet. Not much longer.

[DarkPool]

Physical well over $30 on its way to $50 quickly.

[DarkPool]

Hey old man you that blind to see the gig is up. You stuck in a box or you paying attention what's happening in the world. All I'm gonna say. It's not worth my time. Just keeping watching. This paper cons going to zero. Physicals about to go ham. Their little corruption on Friday did nothing. That's telling. Time will tell. Talk to you in December

[BottomBounce]

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

[Princess17]

Umm because you hold it nobody else

[AlwaysRed]

How?:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173363378

[BottomBounce]

Physical Bullion Silver is a Decentralized Alternative to Central Banking $SLV

[BottomBounce]

BRICS: Analyst Predicts US Dollar Crash Similar to Roman Empire’s End
https://watcher.guru/news/brics-analyst-predicts-us-dollar-crash-similar-to-roman-empires-end $SLV

[AlwaysRed]

You are right. :

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

With a click. Or AI, Or an algo.

Whatever they do, they did it. Almost 2 dollars down in a day. And we are still 2 weeks away from the beginning of May.

VERY nice entry in ZSL. Better than mine. You could possibly double.

Almost 4 million shares of ZSL traded yesterday. LOL 4,000,000 X 12 = 48,000,000

Only 48 million dollars.

But don't forget the shorts in AGQ at 38 bucks. 4,589,951 volume yesterday in AGQ. 4,500,000x38=171,000,000. 171 million dollars worth of AGQ traded yesterday.

And if AGQ goes from 38 to 25.............

Of course ZSL is still the better play.

But the point here is, look at the amount of money being made in silver. I've been at this awhile. Longs buy and hold. And as I mentioned earlier. You can trade a LOT of money. You don't have to worry about not being able to get out of your position. The volume is there. With the click of a mouse, you can trade a house.

[Omar8]

Always Red


"Let's see how much SLV they used to do that tomorrow:"


I believe it was around 230,000.....I think when it reach near $30....many jumped also, they figured the ride wasn't going go much higher. I did pick up some ZSL in the $11.70 range...

[Princess17]

WT heck why are you quizzing people

[AlwaysRed]

Hey new guy. Can you explain the mechanics of the silver market for us?

Why is the price where it is?
How did the price drop by $1.50 today so far?
What controls the price of silver?
Who owns the most physical silver?
What is the CME?
How do the SLV futures markets work?
How many ounces of silver per contract?
Is their an algo that controls the price of silver?
Who created the algo? When?
Does the dollar affect the price of silver?
Who controls the dollar? What is the dollar?
Is the dollar fiat? Or is it backed?
Why does the price of silver and gold move EXACTLY the same way?
Do you have any original thoughts or do you parrot your favorite metal salesmen?
Does the number of paper contracts per ounce of physical matter?
Does SLV matter?
Who controls how much SLV is in the market?
How much SLV is there?
Does the price of SLV affect the price of silver?
Why has silver been sideways for 20 years?
Isn't silver supposed to be a hedge for inflation?
Why isn't silver going up the same pace as inflation?

[Princess17]

Maybe in the 1800’s to early 1900’s

[DarkPool]

Worth zero. How many paper claims per ounce? Lmao lot more paper then physical.

[AlwaysRed]

Is physical one days pay for a dime? 1/10th of an ounce of silver?

Historically one days pay was worth one dime.

Is that the case?

Why not?

Here are 1 ounce rounds for 30 bucks. Is 3 bucks a days pay?

https://www.providentmetals.com/1-oz-999-fine-silver-rounds-our-choice.html

[Princess17]

Physical is not 26
Paper is 26

[AlwaysRed]

Why is physical only 26?

[Princess17]

It’s like a ticker tape parade today
So much paper

[Princess17]

Not for long

[DarkPool]

Not really. Where you getting physical less that $26

[AlwaysRed]

Physical price is dictated by SLV

[DarkPool]

Papers worth zero anyway. Physical price says it all

[pack10]

Yes, that is the link that was referenced. Sure looks like we're all in for some huge moves the likes which we haven't seen in many years.

[Princess17]

I don’t feel sorry for them

[AlwaysRed]

Here is an article you may be interested in:

https://renaissancemen.org/2022/01/28/review-of-teds-800m-silver-short-claim-by-boa-new-evidence-from-occ-sheds-light-on-the-discussion/

But always keep in mind that that NONE of these investigators ever talk about SLV. They only talk about physical, leased physical, naked shorts and shorts. And using PHYSICAL to manipulate the market. Also using shorts. They NEVER talk about SLV being used to control the price of metals.

SLV is an open ended fund. They can create quadrillions of ounces of silver with the click of a mouse. THAT is how they control the price of silver.

Also remember that the largest holders of physical metals are the banks themselves. If the banks start to have balance sheet issues for whatever reason:

Hint hint:

https://www.marketwatch.com/story/bank-of-americas-paper-loss-on-its-bond-portfolio-reaches-110-bln-and-outpaces-other-banks-report-75f1b1f3

So if the banks start to have issues......They can offset those balance sheet issues with an increase in metal prices. They own and control the world. The control all the metal prices. They are the largest holders of metals in the world. They can manipulate and do whatever they want with the price to achieve whatever goals they want. They have their finger on the button. And they know when they are going to push it.

Like the dollar smash they just achieved:

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

Do you think they did not profit from that 1 dollar smash? They play both sides. They hold all the physical and they control the pricing mechanism! LOL

Who lost the most from that 1 dollar smash? The banks or the longs that are excited and buying into the mania?

[pack10]

Thought you might know? I heard BOA has lost over 4.8 billion on silver contracts just this week. The article said this information was on this site
https://www.occ.gov/publications-and-resources/tools/occ-financial-institution-search/index-occ-financial-institution-search.html


I've looked all over this site and haven't found anything? Maybe a wild goose chase, or is there something to it.

I also remember reading awhile back that for every dollar silver went down one of the big banks who trade futures made a billion dollars?


Just think its only the 12th of April


Just read your last post. With losses that huge it stands to reason these banks are going to knock
the price down

[AlwaysRed]

In the last 25 minutes they smashed the price of silver by over 1 dollar

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

Let's see how much SLV they used to do that tomorrow:

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

Hearts are breaking.......

[Tadaaa]

Volume is WOW this first hour !!

[AlwaysRed]

From 2013 to 2020 they kept silver in the 14 dollar to 20 dollar range:

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

7 YEARS!

Then since 2020 they have kept silver in the 20 dollar to 26 dollar range. There have been a few anomalies where it went to 28 and 30 dollars. And currently.

Could this be a time where they allow the price to rise a little? I'm not sure. I'm not in control. They are. And I have proven that. Whatever is happening, they are allowing it to happen.

As for 3 dollars not mattering.....

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174223803

"95,935x5000=479,675,000 ounces of silver to be delivered by the end of May."

If those contracts were created even at 26 dollars, let's look at what this will cost the big bullion banks.

479,675,000 ounces x 3 dollars. The difference between 26 dollar contracted price and current 29 dollar silver they will need to pay for physical prior to delivery.

479,675,000 ounces x 3 dollars=$1,439,025,000. That is a 1 1/2 BILLION dollar loss.

If the contracts were set at 23 dollars per ounce, double that loss. 3 BILLION.

Those are real losses. How does that effect the bottom line of JP Morgan?

Where does the money come from to cover those losses?

I think that this is why they stopped disclosing the settle prices for contracts. They don't want us to know what the contracts were set at.

I know for a fact that what is happening, whatever that is, is being allowed to happen. The market isn't magically getting out of control. They have the power to SMASH the prices.

Remember, if they are selling shorts into the market right now, if the longs are buying all the shorts they are selling. Once they SMASH the price of silver lower. They will PROFIT off the backs of longs. Why wouldn't they sell short if they know they are going to smash the price. They have the power to do that. You have all seen it! For decades.

Obviously, with inflation where it is at, the cost to mine has gone up. Eventually it becomes unprofitable to mine with increasing costs of machinery, equipment and gas. They will continue to want their mining companies to profit as well. So they need to allow some increases in the price of metals to compensate. When they allow these rises and for how much......I have no idea. They are in control, not me.

But it is fun to watch the metals move. I have been involved in the metal markets for nearly 20 years, and it isn't because I hate metals. I understand the fundamentals of metals. I understand the history of metals. I understand the economics of metals. I understand the value of metals and where that value comes from. However, I also understand how and why they have manipulated metals for so very long.

[dukelasilvertbird]

Thanks Red, appreciate your time on the board.

[Zardiw]

My $SLV 26 / 26.5 Calls are up huge.........WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

Z

[Omar8]

AlwaysRed,


"The have not yet used nearly the power they can."


Why do you think it is they haven't used their powers yet ? Why let it run up to over $29 which is $3 higher than 1 year ago peak ? If they need to get it lower for May ? Is 3 plus dollars nothing to them ?

I'm impressed it has went this high, regardless if they use their power or not it seems a pull back should be coming soon, I imagine with $30 some might be thinking the ride is about end and get out. But who knows maybe this time it's different ?

What it does seem like to me they maybe letting silver bump up some maybe the new range is being set ?

[AlwaysRed]

Here is what I am seeing.

Right now they are using about 180,000 contracts of SLV to control the price of silver:

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

Those bars are rising. They are using more and more to control the price daily. Imagine if they weren't what the price would be.

I want to use a comparison.

Here are the numbers during the last "Silver Squeeze" in 2020:



The daily average was around 200,000 for almost a month and at its peak it was 400,000 contracts in one day.

The have not yet used nearly the power they can.

There are 95,935 contracts due by the end of May:

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

They are moving a lot back to July. However they still have to deal with 95,935. Which is 95,935x5000=479,675,000 ounces of silver to be delivered by the end of May.

The price of silver throughout May of last year was between 23 and 26 dollars. So if the contracts were created last year for delivery in May of this year, they will want to get the price of silver as close to 23 and 26 dollars by the end of may.

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

I know it is exciting right now. And I assure you they are far more concerned with the price of silver than gold. They can let gold rise. They aren't using gold in consumer goods.

And it does not look like they are focusing on gold at the moment either:

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

But they will have to deal with the silver price.

The fact is that right now they are creating and settling contracts for Sept of '25 at 30 dollars:

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

March of '25 at 29.50

When they settle contracts they are legally binding.

They have to fill those orders. So if the settle price last year was between 23 and 26 dollars. And they have to buy that silver to fill the contracts. They don't want to pay more than the contracted price for silver. So I am expecting that throughout the month of May we will see the price of silver between 23 and 26 dollars.

May 2nd 2023 26 dollar silver
May 22nd 2023 23 dollar silver.

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

[dukelasilvertbird]

Hay Red, when is the expected crash to fill the contracts. Read all your posts,thanks! I'm a old hippy. Timothy Leary said it best~~tune in~turn on and drop out. Appreciate your. reply. Duke. Sorry meant to be sent to red

[a false profit]

https://www.zerohedge.com/markets/von-greyerz-gold-silver-are-entering-their-exponential-phase

[Princess17]

So funny now they do 10:30 slams

[Zardiw]

NEVER keep your Gold/Silver in a bank.........the godernment will probably steal it like they did in the 1930's.........OH......you didn't know that?.......go look it up.......they paid people like $15/oz or something.......then a few weeks later they pegged the price at $35......STOLE the GOLD basically

Z

[Zardiw]

Keep it......it will come in handy soon is my guess.........

Z

[JohnnyBlaze]

I know I was banking on it continuing to go to $50 last run up and was buying physical silver like crazy

[BottomBounce]

Gold Price Forecast – Expert Predicts $10,000 Gold and $300 Silver
https://www.fxempire.com/forecasts/article/gold-price-forecast-expert-predicts-10000-gold-and-300-silver-1382665 $SLV

[Zardiw]

I hear ya.......I had a bunch more than now back in 2021........blew it on a stock.......lol

I hocked it.......my theory was when Silver went to $50/$100 I could sell some and get my silver out of hock........be like buying it at $25 when it was $100.....problem was it never really moved........lol

Z

[JohnnyBlaze]

I’m hoping so, been stacking silver and safe is pretty full

[tootalljones]

This analyst provides 3 different methods under which silver should be 300 to 330 bucks an ounce. Right now, not at some point in the future.
https://www.kitco.com/news/video/2024-04-05/silver-supply-crisis-what-s-next-peter-krauth

[Princess17]

So true

[BottomBounce]

No bank is safe, implosion coming: 'Every single bank is insolvent' — Lynette Zang
https://kitco.com/news/article/2024-04-08/no-bank-safe-implosion-coming-every-single-bank-insolvent-lynette-zang $SLV

[Zardiw]

Here's my method for checking if there's any Silver shortage.......I keep track of this:

Right now it's at 684 - 30.38.....and here's a history of it:

Silv: 684, 623, 626, 660 -- Prices: 30.38, 26.05, 27.22, 28.16

SO, the number has actually increased.......and the price also

Silver 1oz Coins available now:

https://www.jmbullion.com/search/?q=#/?_=1&filter.instock.low=1&filter.instock.high=1&page=1&resultsPerPage=60&filter.metal_type=Silver&filter.product_type=Coin&filter.weight=1&sort.price=asc

Z