iShares Silver Trust (SLV)

[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

[Zardiw]

Has taken a lot longer than we thought.......but it IS coming......2024 is the year.....just too much bullshit in the world happening....

Z

[a false profit]

this is included in your post > $Gold Legal Tender GOD'S Real Money -
$GOD We Trust - Real Money - AU Safety 6000yrs . which god owns the rights to Gold ?

[a false profit]

https://www.zerohedge.com/political/fixing-fdrs-biggest-blunder-gold-standard-fiat-folly-and-back

[AlwaysRed]

Why silver will be $2080 before gold? LOL Gold is $2330.

That video was from 2 months ago and the guy is already wrong.

Nice post........

BTW, what kind of person likes and thumbs up their own posts?

[NYBob]

Hunt a director LT shareholder of the company -

HUNT BREAKS DOWN WHY SILVER WILL BE AT $2080 BEFORE GOLD SHOCKING MARKET ANALYSIS
Silver News Daily
3.46K subscribers

$HGLD & $PGDC With One Of The Richest Highest Grade Silver Mine On Earth -
Patagonia Gold & Silver Mines Hard Asset Safety Bargain --

https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf

https://investorshub.advfn.com/Patagonia-Gold-Corp.-HGLD-33022

https://patagoniagold.com/investors/photo-gallery/

https://www.patagoniagold.com

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172090585

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173324703

$Gold Legal Tender GOD'S Real Money -
$GOD We Trust - Real Money - AU Safety 6000yrs












https://www.kitconet.com/images/live/au0001wb.gif

https://stockcharts.com/c-sc/sc?s=%24SILVER&p=W&b=5&g=0&i=p88847633689&r=1712194893454

https://stockcharts.com/c-sc/sc?s=%24SILVER&p=W&b=5&g=0&i=p88847633689&r=1712194786158





$Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -[
Prayers TIA.

http://www.biblebelievers.org.au/monie.htm

https://www.usdebtclock.org/

https://stockcharts.com/c-sc/sc?s=%24USD&p=W&b=5&g=0&i=p09665864339&r=1712195150644

God Bless





Vikings - VALHALLA calling ( extended x 2 ) | 8D Audio 🎧

https://rumble.com/v4kd83n-live-viking-music-folk-nordic-pagan-slavic-ambient-fantasy-music-valhalla-r.html

[AlwaysRed]

Remember that you can SHORT AGQ as well. You simply sell shares short. People that are buying AGQ long are buying your shorts. When the price goes down You GAIN in AGQ and in ZSL if you bought ZSL long.

So I am sure a lot of that volume is shorts selling on the bid and longs buying the shorts. That is where the volume is coming from in AGQ. In ZSL it is simply people buying long. I have no idea why anybody would be shorting ZSL right now. Look at the chart. It is screaming buy. AGQ is screaming sell.

https://ih.advfn.com/stock-market/AMEX/proshares-ultra-silver-AGQ/chart

https://ih.advfn.com/stock-market/AMEX/proshares-ultrashort-sil-ZSL/chart

You don't even have to play ZSL if you short AGQ. You can do it either way. And there are other plays as well. But those 2 are my favorites because of the volume. You can play any amount of money you want and you can sell your shares immediately. Even if you want to move a million dollar position.

[Omar8]

The volumes of ZSL and AGQ...




Are significantly up compared to their averages, either direction this goes there will be some disappointed people for sure.

[AlwaysRed]

I WILL be revisiting this post. Of course.....

There are many that are watching and not commenting. There are many that have learned and are profiting from this deception. This SLV manipulation. To those that have learned from me and have profited. You are welcome. I find that the most gratifying thing.

I was once the manipulated. I was once the guy that believed that the metals would run. I was the guy screaming from the mountain tops BUY SILVER, BUY GOLD! THE COLLAPSE IS COMING! For like 7 YEARS. From about 2010 to 2017 I would say. I watched my portfolio go up and crash, go up and crash. Sideways for 7 years. I even started buying Gold and silver mining stocks. Because the metal salesmen told me to. And the only reason I am glad I did is because that is when I learned.

I saw the metals moving with the price of silver. I watched every other month the charts go up and down. Swing. Then it started to click. I then leaned about SLV futures contracts and the way SLV is used to control the market. I figured it out. Then I started to try to teach. And every metal bug is a fist fight. It was, and still is, like I was fighting myself from years ago. Collapse, metals are going to explode, 1000 dollar silver, silver shortage, this is the time, over and over again. The same story. And people fall for it again and again. Short memories I guess.

And you still see it. Like right now. When the price is allowed to rise prior to delivery months there is MASSIVE excitement in the metal community. The stackers start buying again. LOL, Yeah, at the top. The metal salesmen start sending out massive ads. I am getting them daily right now. I can't delete them fast enough.

The mania gets crazy. Like during the "Silver squeeze" attempt 4 years ago. YES that was 4 YEARS ago already.

EVERYBODY was screaming that this was the time. All the silver is out of stock. Blah blah blah. And look what happened then. Do you remember? It ran to 30. SMASHED back down to 20. How could that happen when all the metal salesmen were out of stock and Ebay was cleared out?

Is Ebay cleared out right now? Are the metal salesmen short metal supplies? Why are there so many metal salesmen ads right now wanting YOU to buy?

Is the metal predicament NOW worse than it was then during the "Silver Squeeze" attempt? And that wasn't my first silver squeeze party. I was around for the Max Keiser attempt in like '08 or whenever it was.

So what is different now?

Same excitement now. Same build up. Same parroting words. The same old people popping out from under their rocks. Chirping.

When you feel that excitement. When you see that happening. When you see those signals..........SELL!

[Zardiw]

2 Days in a row $SLV was up 4%.......that's a record I think.......willing to bet that this could be the start of a MAJOR run in Silver........

And it's about f*cking time..........lol



Z

[NYBob]

https://ih.advfn.com/stock-market/TSXV/PGDC/stock-price

https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
Bullish
BULLISH

[pack10]

Why are these prices inaccurate? They haven't been right for about three days. Does anyone know why?

Precious Metals
Silver
Futures and Options
GLOBEX CODE
SIK4
LAST
27.320
CHANGE
+1.397 (+5.39%)
VOLUME
134,805
Last Updated 05 Apr 2024 11:59:18 AM CT.Market data is delayed by at least 10 minutes

[pack10]

WOW!!, Seems our money system is so overwhelming many just can't understand how it works. Or is it that they are so invested in 1000 oz silver that that has altered their thinking. I'm over 70 and you have taught me the how's and whys of something I always knew was manipulated. So it just goes to prove you can teach an old dog new tricks, lol.
Over the last 2 and half years my trades have all been positive. Thanks.

[Princess17]

Thank you….. I did know
Mr Red is a know it all

[Princess17]

Wow you really think you’re supierior!!
Your NOT

[AlwaysRed]

Reading and comprehension is important:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173559480

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173508872

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173518612

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173039628

It's like kicking a dead horse around here. It's no wonder people think there are 26 genders and can't figure out what bathroom to use.

We are literally living in the movie Idiocracy!

Fiat fiat fiat. LOL. Stupid. The dollar is not simply printed up and dished out. Fiat is where a government simply prints currency and distributes it. If you think that is what the dollar is you are ignorant. 100%

https://moneyfortherestofus.com/285-money-is-debt/

"Despite being charged with managing the money supply, the modern Federal Reserve does not simply run new paper bills off of a machine. Of course, real currency printing does occur (with the help of the U.S. Department of the Treasury). However, the vast majority of the American money supply is digitally debited and credited to commercial banks. Moreover, real money creation takes place after the banks loan out those new balances to the broader economy."

I have been talking about this for YEARS on this very board and you STILL have not figured it out.

Discover what an IQ of 80 means:

https://iqtest.net/blog/iq-80

11%:

https://www.brain-testing.org/what-this-iq-means/80

I actually heard that the number is now 15%.

I believe it.

[a false profit]

I'm actually mentally handicapped positioned beside / compared to your ignorance as I believe the dollar is a fiat currency as in it's raw existence , in reality , is a piece of paper . it is paper . on it there are printed letters & numbers . it is a note issued by a central bank . every federal reserve note on earth can be destroyed / cremated , wiped from existence & eventually this will happen . after the NEXT ice age when the reset button gets pushed , the human race will disappear again & then reappear . gold will survive all of this & still remain available to the next chapter . then .......... human evolution will create fiat currencies , again . now I shall elevate my claim to be mentally handicapped on a extreme level & acknowledge other scams created by man such as every god currently known to man which of course includes the existence of religion , each & every religion consists of members who believe every religion except the one they've been brainwashed by is incorrect & my god can kick your god's ass . at what point does reality matter ? in one's mind you're able to believe anything one chooses to , influenced or not . pieces of paper are in fact evolving into nothing , only possessed through the existence of electricity & blind trust , similar to all of these letters I just generated to be displayed on a plastic panel dependent on electricity . I will end with this ......... CENTRAL BANK DIGITAL CURRENCY ( CBDC ) , so let's " go green " & stop killing trees to maintain a scam that can continue to evolve as intended . for now , gold will continue to increase in value , opposite any & all fiat currencies .

[Countmein]

I'm ignorant!!! I say our US dollar is fiat and has been for a very long time.
I also say that is going to change!

Count

[Countmein]

Ignorant????? who have YOU been listening too?

[Countmein]

Here is a partial definition of fiat money according to Investopedia ....... judge for yourself and make up your own mind !

What Is Fiat Money?
Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it.

https://www.investopedia.com/terms/f/fiatmoney.asp

Count

[Princess17]

What is it then?

[AlwaysRed]

There is no fiat. The dollar is not fiat. Anybody that says that the dollar is fiat is ignorant and has listened to too many metal salesmen.

[pack10]

Have you all noticed the price of silver today? It is bouncing around like I've never seen. From 27.32 to down .03 in a matter of minutes. Then
right back to 27.32.

What is this all about?

[Zardiw]

It's important to own Physical Silver......everything else is iffy in a crisis..............

Z

[Zardiw]

$SLV Chart from #DDAmanda - #1 Stock Screener :

Scans are preset but can be modified. Push a Button. Find Winners Early:



Z

[Tadaaa]

SPOT Silver readying to brake 27.00

[dws]

In the end, fiat is dead. Our metals are a store of wealth.

[pack10]

So true Red. Who in the world will buy silver at 1000 an oz? Dealers will only deal with their most biggest customers. In other words the average stacker will
be screwed!! And just think what items containing silver will cost! OMG, beyond 99% of the population.

I hope everyone realizes we are in a recession. Yes right now. No one is talking about it. But we are in one. Oil prices higher, housing slowing to a crawl,
interest rate still high. Come May the $hit is going to hit the fan, imo. Markets will adjust and go down. Current administration will panic and the fed will step in to lower rates.

Having said that, I see silver moving higher for the next 20 some days. Let's see if this works out. Buy high sell higher? Maybe! Or let it all play out!!

[Countmein]

Maybe a wee bit of sarcasm. Although he has been right up to this point. However, there are always two sides to every coin.
There is a elephant / elephants in the room not being discussed , ( the other side of the coin ) that could make a difference this time around........we'll have to wait and see how this plays out!
If not this time, it will happen eventually. It's almost as if it's all planned out to go this way isn't it ?

Count

[AlwaysRed]

LOL Squeeze?!?! Like the last one that they destroyed with the click of the mouse.

1000 dollar silver. Apparently you missed this post:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174100022

[BottomBounce]

What will Happen if a Squeeze Silver to $1000/oz & What will you do with all YOUR Silver?

$SLV