Silver

[noirua]

 

[noirua]

 

[noirua]

December 2021

 

[Sean K]

Silver looks like it might have found a bottom during this consolidation period. Silver normally lags gold in a PM bull market. Just need to find a decent silver stock or two!

 

[Sean K]

Silver looks like it might have found a bottom during this consolidation period. Silver normally lags gold in a PM bull market. Just need to find a decent silver stock or two!

View attachment 137657
View attachment 137658

Silver is following.

 

[Garpal Gumnut]

Silver is following.

View attachment 138794

It's a dart pick.

Anything with silver in the name.

SLR

SVL

gg

 

[greggles]

What's the best way to profit from a spike in the silver price? My research has led me to the conclusion that we are likely to see US$40+ silver this year.

 

[greggles]

Silver industrial demand continues to increase each year and with solar panel and EV production forecast to increase substantially in the coming years as the world weans itself off fossil fuels, can silver mine production keep up with the increasing demand?

Add into that unprecedented geopolitical tensions, rampant inflation, the devaluation of fiat currencies and the ever increasing cost of mining silver and it's hard to avoid the conclusion that the silver price is heading for some long overdue gains.

 

[Sean K]

This might be a bit too bullish, but would be nice if you owned silver.

 

[wayneL]

This might be a bit too bullish, but would be nice if you owned silver.

I'm adding a few small parcels to my base position on silver... It wouldn't surprise me to see it go quite a bit lower but I've got a fair bit of pad... and some powder.

I really do subscribe to the theory that silver is going to go ape shytt at some stage so want to be in it with a reasonable position.

When to back up the truck?

<18 or there abouts and I'm going all in... Unless the opposite happens and I get bitten by FOMO LoL

 

[Captain_Chaza]

Looks like Silver has been oversold and even seems to have reversed last night in NY

I am all set with TMZ
Not quite a Truck load but Lots and Lots
I even entered her in the ASF May 22 Comp


I remember the Silver Squeeze when the Hunt Brothers cornered the Silver Market
I don't think anyone would do this again



But saying that
Elon Musk might try to shore up his LITHIUM holdings

 

[Sean K]

Looks like Silver has been oversold and even seems to have reversed last night in NY

I am all set with TMZ
Not quite a Truck load but Lots and Lots
I even entered her in the ASF May 22 CompView attachment 141215


I remember the Silver Squeeze when the Hunt Brothers cornered the Silver Market
I don't think anyone would do this again

View attachment 141216

But saying that
Elon Musk might try to shore up his LITHIUM holdings

The brightness of your charts scare the blighty out of me, Capt.

 

[divs4ever]

can't find a suitable ( for me ) silver ( primary product ) miner ( aka a PROFITABLE silver miner ) , looks like i have to rely on my coin and 'scrap silver ' collections , and my gold and base metal miners ,

far from ideal , but am unwilling to throw cash at any 'brownfield ' silver projects ( although i keep an eye on SVL )

 

[Sean K]

can't find a suitable ( for me ) silver ( primary product ) miner ( aka a PROFITABLE silver miner ) , looks like i have to rely on my coin and 'scrap silver ' collections , and my gold and base metal miners ,

far from ideal , but am unwilling to throw cash at any 'brownfield ' silver projects ( although i keep an eye on SVL )

There's hardly anything in Australia, the geology's just not right for some reason. Just about everything else, but not silver. Need to go to Mexico. I've been searching for a while and the ones that do have some silver are really small players, but if silver takes off they may too. Looking at the ETF SLV in the US as the solution.

 

[divs4ever]

There's hardly anything in Australia, the geology's just not right for some reason. Just about everything else, but not silver. Need to go to Mexico. I've been searching for a while and the ones that do have some silver are really small players, but if silver takes off they may too. Looking at the ETF SLV in the US as the solution.

geology or another factor , take for example the Bowden's project ( now the SVL asset ) i held both KCN and RCO early in that discovery process ( RCO had a royalty deal on the discovery )

even without the ( subsequent ) deep drilling it was fairly obvious Bowden's was a good find even as an open-cut project , but even now about a decade later it isn't producing silver ( profitably )

i didn't like the structure of commodity ETFs ( any of them ) but i veer strongly to the 'buy and hold ' side of town while the commodity ETFs seem more suitable to traders

BUT that isn't all bad i was a paper boy in the mid/late 1960's and selling up to 2000 papers a week gave me plenty of chances to keep aside the sixpences and threepences that were older ( SOME silver content ) a little later they had the round 50 cent pieces ( so i kept them aside as well )

my parents complained my school-work was suffering , but then maybe it all worked out OK , eventually .

IMO for silver to take off the current system has to break , JP Morgan for one just ridicules the regulators anytime it wants to

silver ( and gold ) will most likely have to become ( accepted as ) real money again , and that will mean many governments will be broken by the paradigm shift ( because current governments rely on trust , and currencies are a promise to pay given by the government )

and this situation is NOT impossible in my lifetime ( although most governments will fight tooth and nail to avoid it )

 

[signalFollower]

with the Gold to Silver ratio knocking on the door of 93x I have been increasing my exposure to silver, but not via bullion at the moment more indirectly

SVL - silver speciifc late stage explorer
ETPMAG - ETP tracking AUD spot price
AAU - (over 9m oz of silver in its near term project)

anyone else ?

 

[signalFollower]

and confirmed again tonight, AUD Silver back to pre-covid levels in the low $27 range

also I'm showing a projected 40x Gold to Silver ratio price for Silver at current price of gold, which calculates Silver would be around $42.50 AUD

Interesting ...

 

[bluekelah]

More than half of silver DEMAND is for industrial use, 1/4 for jewellery, both very economic activity dependent. With global recession worsening with rate hikes into 2H2022. I can only see Silver going to covid lows ~$23AUD, maybe even overshoot lower and stay there for a while much like the post 2011 commodity boom where silver did nothing for years as economic growth was flat. Supply side theres plenty being mined and also recycled.

Factor in some inflation 22.50-25AUD would be a lower range that silver could settle in for the coming year/years.

 

[mullokintyre]

Whatever the use for silver, the bottom line is that paper derivative market has long been divorced from the practical realities of the physical market.
From The evil Murdoch Empire

At the end of June, the amount of silver held in London vaults hit a six-year low, reflecting almost insatiable demand for the precious metal from investors and industry.
Silver vault holdings in London hit 997Moz (31,023t) at the end of Q2 – the lowest total since November 2016.

It also stands in sharp contrast to the record reporting high of 1,180Moz (36,705t), which occurred in June 2021, Metals Focus says.

​

“This represents a drop of 15% or 183Moz (5,683t),” it says.

“This in turn reflects the ongoing strength of physical silver demand.

“That may sound counterintuitive, given how the silver price has performed recently, but in our view this is the result of a mix of quite different drivers.”

Metals Focus points to a recovery in the behemothic Indian market (mostly jewellery) and surging industrial demand for the recent drawdown, but the popularity of physical silver (and gold) among investors has also been at unprecedented levels for more than two years.

In March, Metals Focus said Western silver demand was already close to its record highs, with many coin and bar fabricators near full capacity.

Perth Mint’s general manager of minted products, Neil Vance, says its silver coins/bars have been on allocation since April 2020 “and are still on allocation to our distributors today”.

“We have been selling every single physical silver coin and bar we can make for over two years now,” Vance told Stockhead.

“It has been an incredible surge in demand, and it fits in with a lot of the thoughts around precious metals – which is that in times of uncertainty, people move to a safe haven.”

Why is silver more popular than gold?​

While physical gold is also very popular, silver is winning the race for investor hearts.

Vance says silver is a far more affordable product for retail investors to start a precious metals portfolio with. Perth Mint has silver products that go from 0.5oz all the way up to 1kg.

“In the last 12 months Perth Mint sold 981,000oz gold,” he says.

“At the same time, we sold 17.8Moz silver.”

But the silver price is down in 2022. What gives?​

Metals Focus is forecasting a physical silver market deficit of 72Moz (2,224t) for 2022.

But demand for physical silver belies the pricing action, which has seen it lose ~16% in value this year.

It was selling for ~$US19/oz as of Thursday morning.

SVL has gone from a low of 12.5 ton June 30 to a high of 20 today.
Money for jam.
Mick

 

[greggles]

I'm surprised that silver has gotten down to as low as ~A$26.20 earlier this evening. I wonder what the AISC per ounce is for the lowest cost silver producers? The recent silver bear market feels overdone.

There must be a bounce soon surely? The gold/silver ratio is currently 95, which is historically very high.