[Omar8]

It's only a guess...





I do think it goes lower, they might play with it sideways for a while....

[pack10]

This is the article I was referring to

https://www.kitco.com/commentaries/2023-08-11/Silver-deficits-don-t-exist-and-other-silver-myths.html

Just my opinion, last year the Ev was sucking up many tons of silver for their vehicles. Today, sales are
way down. That has to have an effect?

Many are now saying sub $20.00 on silver prices. This could mean mid teens for SLV

[pack10]

Kudo's Omar, you are correct. check out an excellent article on silver myths on the Kitco site. This writer never mentions Ev's, which are big users of silver. He spells out many other reasons for the decline. It's worth the read for everyone.

I spent some time this weekend looking over many articles, general consensus, price is going lower. Industrial demand is way off. Much more supply than we are led to believe.

How low will it go?

[Omar8]

Don't know but another flash sale....




this time 5 ounce bar for around $125( Golden State Mint)....if they though silver was going up why the push ? If silver is flying out the door why the flash sales ? I don't know I'm sticking price going lower....they wanting me to know the sale is over tonight.

[AlwaysRed]

I see the 730 smashes are back

[pack10]

Volume @ 105,000. Wild ride today

[pack10]

You could very well be on to something. Or, these outfits just have excess supply that they want to move.

[Omar8]

Pack10,




"I have never gotten an email from any metals outfit. What are you saying?


I was saying that it seems for me, I am getting emails from the likes of SD Bullion,SilverTowne,APMEX and Golden State Mint it seems daily. I don't recall getting this until lately. These are some I have bought from through the years. Just seems odd that they are showing stuff like FLASH sale kind of emails. I think they have a surplus they are wanting to get sold before price drops ? Maybe they have a better knowledge of things ? I don't know just seems odd all of sudden getting from these almost daily with "deals" when I didn't use to.

I am also trying to look at the chart on SLV, just looking at last few times silver in recent past it went below the 200 moving average and when it did break down below 200 it seems 1/2 time it went several dollars below the 200 moving average but 1/2 time it was just barely below. So which will it be this time ? I don't know which it will be this time ?

[pack10]

They've already bought much of the LIT, Manganese, cobalt, an other battery making material.

Where did they buy all this gold. The prices haven't moved all that much? Could be a false flag.
Then again their goal is to control the world.

[pack10]

I have never gotten an email from any metals outfit. What are you saying?

You know from my previous posts where I intend to start buying. Remember last year?
I believed there was a shortage. We were being told demand outstripped supply. Now I'm not sure if there is one. I remember someone stating
an Ev has about a kilo of silver in it. If that is a fact, then it stands to reason why the metal is falling
Also, a year or so ago silver bars were in short supply. Now, not the case.

I mostly buy local. He has very competitive prices, with a number of different 10oz and kilo bars.

[Omar8]

Pack10,


"As I stated earlier this could be some kind of ride for the next couple of months. Wonder how these sales people feel about it? They have product to sell, which is going down in value. "


I get emails now it seems daily about silver on sale by several online sellers. I think we go lower. But it's just a guess.

[BottomBounce]

China buys 23 tonnes of gold in July, analysts say PBOC is just getting started
$SLV

[BottomBounce]

Moody’s cuts ratings of 10 U.S. banks and puts some big names on downgrade watch https://cnbc.com/2023/08/08/moodys-cuts-ratings-of-10-us-banks-and-puts-some-big-names-on-downgrade-watch.html $SLV

[pack10]

Just a thought on silver in general.

The EV market is tanking. People who bought have done so and losses in this market are growing.
Last week Ford reported huge losses across all of their Ev products. I'm sure everyone is experiencing
this problem. So the question I have, how is this effecting the price of silver?

Just a thought, but I can't believe we are having shortages.

[pack10]

Yes, I will. Thanks

As I stated earlier this could be some kind of ride for the next couple of months. Wonder how these sales people feel about it? They have product to sell, which is going down in value.
Just checked with my local dealer and they have Kilo / 10 ounces bars in stock. No surprise.

If it dips below $20.00 I'm making a quick trip and buy a few.

[AlwaysRed]

You know that is coming due to Sept deliveries on the horizon.

Watch here:

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

Watch those SLV futures volumes.

They're pretty high right now, 80,273 is pretty high. However, as Sept approaches you will see well over 100,000. That will be a sign that they are SMASHING the price to fulfill contracts.

[pack10]

We're in the buy range. Time to nibble.

Lets let it get alittle closer to $20

[Omar8]

200 day moving average on SLV ?



I wonder if they are trying to get it below that ? Maybe trigger more selling ?

[pack10]

Taking profits on ZSL would be my move. It is really confusing to say which way the pps is going to move.
I'm struggling between buying the new Morgan / Peace dollars, or SLV. If it does get to $20 maybe a couple of Kilo bars.

[Omar8]

Pack10,


"In the mean time I think it will move lower. How much lower????"

I am thinking low for the year ? Maybe being too greedy. I did buy a bunch of ZSL when silver spot was over $24 and some at $25....doing real good right now on my position of ZSL but think they might be about to get spot to near $20....just guessing who knows ?

[AlwaysRed]

Yeah, I posted your link. I meant to say that you predicted that it "Wasn't" going much higher. Sorry about that. Typo.

[pack10]

this is what I said on the 17th

I don't see the price going much higher than it is. It will work its way back down to $20.00.

Not much going on till mid August,imo.

Many of the silver sales people have been pretty quiet the last few weeks. Nothing to hype I guess.

I do know the coin dealers, the ones that deal in slabbed coins are going crazy discussing the low mintage numbers on the silver eagles. Maybe a buy of a green monster box would be a good move at these prices. Could a person even get one?

In the mean time I think it will move lower. How much lower????

[AlwaysRed]

Pack10 predicted on 07/17/23 when silver was 25 that it was going much higher:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172361852

His prediction is looking pretty good.

The issue is that there are so many variables.

SLV is fixed. I've proven that. It isn't going to go to 50 or 100 or 1000 dollars.

It is managed with a computer algo that has it controlled.

Here is the main thing lately:

https://www.marketwatch.com/story/gold-prices-slump-as-global-bond-yields-rise-u-s-dollar-strengthens-5efd6b50?mod=mw_quote_news

GLD and SLV are controlled in the same manner.

The volume has also been pretty high in the SLV futures markets:

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

They are moving a lot from Sept to Dec right now.

All the while they are creating new contracts at whatever the price if silver is at now for delivery in the future.

Usually off delivery months they allow the price to rise a little. It seems the dollar strengthening is helping control the price of SLV.

Hey, at least you guys are watching and see the game they are playing. Your guess is as good as mine. This market certainly is not trading freely. It is totally controlled.

Just be careful listening to what the metal salesmen say. They will say whatever they need to to sell metal.

[Omar8]

AlwaysRed,


"Next deliveries are due in Sept.

I still say we should see 26-28 over the next few weeks.

We'll see......... "


From your experience and where we are in this month, does it still look good for $26-28 ?

[Omar8]

Pack10,



" Silver sales people are pretty muted at the moment. "


I keep getting sale ads from some of them.

[pack10]

This might be the most interesting time to watch SLV in history. The way the world is going we might see the Saudi's making a move for using their currency. Been hearing this said for many years, I'll point out. Silver sales people are pretty muted at the moment.

I still think the trend is down maybe 5 / 10%.

[AlwaysRed]

Dollar down:

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

Market up:

https://www.marketwatch.com/

Silver up:

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

[pack10]

a year ago we were being told the industrial uses of silver was rising much faster than production. As I looked around it sure seemed that that was a true statement. But look at what has happened since then. Yea, U know it did go up, but not the $30 / 50 /100 an oz that many thought it would.
So where's the catalyst? it's in the hands of many of the big banks that trade the huge contracts.

It becomes a buying opportunity when the pps drops to $20 and under.

[BottomBounce]

This Catalyst is VERY Bullish for Silver = America’s credit rating got downgraded $SLV

[AlwaysRed]

Dollar up:

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

Silver down:

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

Market down:

https://www.marketwatch.com

Silver down

[BottomBounce]

U.S. credit rating downgraded. Bullish on $SLV Long Term and September silver was up $0.204 at $24.53.

9 Reasons Why Gold Will Soon Replace Treasuries as Ultimate Store-of-Value Asset https://www.investing.com/analysis/9-reasons-why-gold-will-soon-replace-treasuries-as-ultimate-storeofvalue-asset-200640578

[AlwaysRed]

All July contracts have been filled:

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

I don't see any more interest rate hikes in the near future, there is nothing that should stop the price of silver from rising for the next few weeks.

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

Next deliveries are due in Sept.

I still say we should see 26-28 over the next few weeks.

We'll see.........


BTW, for those paying attention, Where did those 7:30 AM smashes go over the last few weeks? Watch the trends. There are clues........

[AlwaysRed]

I know a guy on the SLV board that has been saying this for years.

SLV and GLD are not the metals. They are tools for manipulation. They are the tool they use to manipulate the prices.

[GOLDBUFFALO]

Here is why you dont buy this POS SLV ... (from zerohedge)

SLV ETFs to perpetuate the following scams:

(1) Bankers have maintained much higher physical gold and silver inventories in London and New York than would have been possible had they never invented the GLD and SLV (to back fraudulent derivatives trading in these markets that suppress global gold and silver prices), as purchases of GLD and SLV ETF shares do not shrink global physical gold and silver supplies on the basis as claimed in their prospectuses;

(2) The creation of the GLD and SLV ETFs enabled bankers to enhance the fraud of fractionally-physically backed gold and silver derivatives trading in New York and London, one of which I discuss in the above article, with full credit to the late Adrian Douglas of GATA (the Gold Anti-Trust Action Committee) for the discovery of devious transactions called EFPs (Exchange of Futures for Physical). Bankers essentially used EFP transactions to pass off paper GLD ETF shares as “physical gold” to close out futures positions, enabling paper shares to settle paper gold futures transactions. Bankers also allowed EFP transactions to settle silver futures contracts. It is self-evident why EFP transactions would be negative for gold/silver prices (for further explanation of how EFP transactions work, if you need it, click the above article link); and

(3) Though I have no proof of this and this is pure speculation, I believe that bankers use perhaps a considerable percentage of the $67B that has flowed into both the GLD and SLV ETFs to short gold and silver in the derivatives and futures markets, thus preying on the naivete of GLD and SLV investors to manipulate prices of GLD and SLV in the exact opposite direction desired by buyers of GLD and SLV.

[a false profit]

https://www.zerohedge.com/news/2023-07-28/millennials-then-genx-and-baby-boomers-contribute-most-gold-price-suppression

[a false profit]

LoL ! that'll happen ........... not . I do believe you're responding to a " chat bot " .

[AlwaysRed]

Rate increase, dollar up

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

Silver down:

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

[AlwaysRed]

They are already moving Sept deliveries back to Dec, March and May:

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

Demand for physical for the corporations must be very low. They are really moving things back.

Watch that dollar index and how it is affecting the price of silver:

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

I still think we are going up from here for the next few weeks. Then they will have to get the price back to settle prices for Sept deliveries.

[AlwaysRed]

I will absolutely be revisiting this post.........

[BottomBounce]

Expectations that July will be the Federal Reserve's last rate hike in its most aggressive tightening cycle have emboldened hedge funds to jump back into the gold market $SLV

[BottomBounce]

$SLV $60+ by end of year.

[a false profit]

this isn't that scary though , I have no idea what it is , but I think I like it yep .................https://www.zerohedge.com/political/watch-air-force-head-declares-support-demi-genders soon Pootin will be the King of earth thanks to the pussification of former bad assess .

[AlwaysRed]

This is the CBDC stuff I was talking about:

https://thepeoplesvoice.tv/wef-young-global-leader-admits-global-elites-ultimate-goal-is-cbdc-under-the-skin/

How can the people rise up to stop this from happening?

What if they cause a crisis, and then step in with the solution, and that solution is CBDC. This is the way they do things. Problem, reaction solution. They cause a problem and they are the ones with the solution.

What if you can't eat without the use of their CBDC? It could be starve or use their CBDC.

Private corporations and NGO's like the WEF or even the UN. Ever hear of agenda 21 or Agenda 2030? They don't hide their goals:

https://sdgs.un.org/2030agenda

[Princess17]

Well that doesn’t sound promising….actually pretty scary