@Mike59 said:
Comex just raised paper margin requirements for the second time in 2 weeks. First $22,000 and today $25,000. Trying to help “big Banks” cover their Short positions.
JMHO,
Mike
Isn't this done in volatile investments/securities to cover their backside if the underlaying investment/security tanks? This seems par for the course for any volatile asset. Every investment account I've ever had has had a schedule for the margin requirements for every security. The riskier the security, the less you can borrow against it... Right now, silver is high risk/high reward...
The increase is couched in the excuse that it's because of the risk but the understanding is that it is to reduce market activity by requiring more capital to speculate and cause people to close positions.
When a financial institution does not want to borrow someone money against a security there is a reason for it, and it isn't that the institution doesn't want to make money. This is no different than buying or selling options of Gamestop on margin. The house knows it's a very risky play and doesn't want to get caught holding the bag.
Given the manner in which margin is managed/controlled for all investments, I don't follow the logic that anything unusual is happening. Silver has been, and will be, very volatile for a while. In that environment the margin requirements are always tightened. Selling or buying naked calls/puts right now is between nuts.
@jmski52 said “The only fundamental regarding silver that I even question is the AI play.”
Yes, that’s an excellent point. It is unclear whether the current massive expansion of data and computing centers will continue. If it does, that will be one of the many factors in favor of silver.
@Higashiyama said: @jmski52 said “The only fundamental regarding silver that I even question is the AI play.”
Yes, that’s an excellent point. It is unclear whether the current massive expansion of data and computing centers will continue. If it does, that will be one of the many factors in favor of silver.
I think solid state battery tech is more of a factor. With Samsung getting involved in silver mining, it's clear that battery manufacturing is really worried/concerned about silver supply.
PS: I was somewhat unnerved and amused by some jaw-dropping errors I came across when I was playing around with one of the big AI tools yesterday.
However, this morning Google did a pretty good job and answering the question “what is happening in the silver markets today“
Google’s answer is as follows:
“The silver market today is experiencing significant volatility and a pullback after recent record highs, with prices sliding from over $80 down towards the $70-$75 range due to factors like profit-taking, increased margin requirements by exchanges, and hopes for a potential Russia-Ukraine peace deal, though strong underlying demand from industry (solar, electronics) and central banks, plus a persistent supply deficit, continues to support long-term bullish sentiment, with markets also watching for Fed minutes for rate-cut clues. “
@Higashiyama said:
PS: I was somewhat unnerved and amused by some jaw-dropping errors I came across when I was playing around with one of the big AI tools yesterday.
However, this morning Google did a pretty good job and answering the question “what is happening in the silver markets today“
Google’s answer is as follows:
“The silver market today is experiencing significant volatility and a pullback after recent record highs, with prices sliding from over $80 down towards the $70-$75 range due to factors like profit-taking, increased margin requirements by exchanges, and hopes for a potential Russia-Ukraine peace deal, though strong underlying demand from industry (solar, electronics) and central banks, plus a persistent supply deficit, continues to support long-term bullish sentiment, with markets also watching for Fed minutes for rate-cut clues. “
And no mention of China, the biggest factor in the current equation.
When gold and silver move together, it signals the coming end of fiat money.
@Mike59 said:
Comex just raised paper margin requirements for the second time in 2 weeks. First $22,000 and today $25,000. Trying to help “big Banks” cover their Short positions.
JMHO,
Mike
let' look at a hypothetical
the increase is 3,000. open interest is just under 150,000. 3,000x150,000 is 450,000,000. the conspiracy theory is that the run up and increased margin amounts are breaking the banks, plural. with more than one bank having less than 150,000 contracts: the feared amount spread across 3 is 150,000,000 each. more banks then your single bank doomsday hypothetical amount is even less. i don't think this is breaking anyone
@Mike59 said:
Comex just raised paper margin requirements for the second time in 2 weeks. First $22,000 and today $25,000. Trying to help “big Banks” cover their Short positions.
JMHO,
Mike
let' look at a hypothetical
the increase is 3,000. open interest is just under 150,000. 3,000x150,000 is 450,000,000. the conspiracy theory is that the run up and increased margin amounts are breaking the banks, plural. with more than one bank having less than 150,000 contracts: the feared amount spread across 3 is 150,000,000 each. more banks then your single bank doomsday hypothetical amount is even less. i don't think this is breaking anyone
Yes but you don't know how many participants are big banks and how many are small businesses or investors. In the past I have had to reduce my futures positions when this happened. A coin shop that's hedging their day's purchases may also have issues. A small silver miner might also.
As for the big guys, I have no clue how they manage their funds but having to allocate millions more for their metals trading desks may or easily could result in having to open smaller positions than they otherwise would have.
The effect and result isn't to "break" people but it changes market behavior which is the intent.
@Mike59 said:
Comex just raised paper margin requirements for the second time in 2 weeks. First $22,000 and today $25,000. Trying to help “big Banks” cover their Short positions.
JMHO,
Mike
let' look at a hypothetical
the increase is 3,000. open interest is just under 150,000. 3,000x150,000 is 450,000,000. the conspiracy theory is that the run up and increased margin amounts are breaking the banks, plural. with more than one bank having less than 150,000 contracts: the feared amount spread across 3 is 150,000,000 each. more banks then your single bank doomsday hypothetical amount is even less. i don't think this is breaking anyone
Yes but you don't know how many participants are big banks and how many are small businesses or investors. In the past I have had to reduce my futures positions when this happened. A coin shop that's hedging their day's purchases may also have issues. A small silver miner might also.
As for the big guys, I have no clue how they manage their funds but having to allocate millions more for their metals trading desks may or easily could result in having to open smaller positions than they otherwise would have.
The effect and result isn't to "break" people but it changes market behavior which is the intent.
this was in response to "raising margin to hurt the banks"
the more little people, the tiny bit less harm to big banks. that tiny bit helps my position: the increased margin won't slam a big bank into doom
Futures should primarily be a hedge, not speculative trading. Banks shorting futures, if proprietary, does not seem like a hedge, similar to rate swaps where that's their business of making loans. Banks don't mine silver nor produce products requiring silver.
I'm showing $72 in The Commonwealth, no $82 here. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
I'm showing $72 in The Commonwealth, no $82 here. RGDS!
You gotta quit looking at the spot/SLV paper prices. Paper is cheaper for a reason. In the real world here's what an ounce will cost you this afternoon from the cheapest bullion dealer I know of, bullionexchanges. com.
When gold and silver move together, it signals the coming end of fiat money.
I'm showing $72 in The Commonwealth, no $82 here. RGDS!
You gotta quit looking at the spot/SLV paper prices. Paper is cheaper for a reason. In the real world here's what an ounce will cost you this afternoon from the cheapest bullion dealer I know of, bullionexchanges. com.
They can ask what they want, doesn't mean they are selling anything. Reminds me of that clown selling morgans and peace on the Saturday morning infomercials. Constantly references eBay sellers Buy it Now ASKING prices and trys to spin it into that's what they are selling for. See here's a MS62 1921-P Morgan dollar with a buy it now asking price of $500 but I'm such a nice guy I am going to let you have it today for $250 and even spread it out over multiple payments. Scam. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
I'm showing $72 in The Commonwealth, no $82 here. RGDS!
You gotta quit looking at the spot/SLV paper prices. Paper is cheaper for a reason. In the real world here's what an ounce will cost you this afternoon from the cheapest bullion dealer I know of, bullionexchanges. com.
They can ask what they want, doesn't mean they are selling anything. Reminds me of that clown selling morgans and peace on the Saturday morning infomercials. Constantly references eBay sellers Buy it Now ASKING prices and trys to spin it into that's what they are selling for. See here's a MS62 1921-P Morgan dollar with a buy it now asking price of $500 but I'm such a nice guy I am going to let you have it today for $250 and even spread it out over multiple payments. Scam. RGDS!
huh? What on Earth .... What rubbish do you watch?
Another bubble imo. Remember 1980 and 2011. The local Sam Sloats was swamped with inventory when the bubble burst.
1979-1980 Bubble: Prices spiked dramatically from around $6 to over $48 per ounce (and as high as $50.50 intraday) due to an attempt by the Hunt brothers to corner the market, followed by a sharp collapse after regulatory intervention.
Decades of Stagnation: Throughout the late 1980s and 1990s, prices remained relatively low, often trading between $4 and $6 per ounce.
2000s Bull Market & 2011 Peak: A new bull market began in the 2000s, with prices breaking above $10 per ounce in 2006. The price nearly reached its 1980 peak in April 2011, hitting $48.46 per ounce, driven by safe-haven demand during the financial crisis and fears of inflation due to quantitative easing.
Recent Surge (2020s): After a period of decline and range-bound trading, prices surged again following the COVID-19 pandemic response and, more recently, due to strong industrial demand (especially in green energy/solar panels) and ongoing geopolitical concerns, reaching new nominal highs in late 2025/early 2026
fed's powell news is likely causing this and, while i'm in bubble watch, the implications of powell's forced removal are big. this is move up backed by news
On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June.
A market bubble is a rapid escalation of asset prices (like stocks, real estate, or commodities) far beyond their intrinsic value, driven by excessive speculation, herd behavior, and extreme optimism.
@dcarr said:
So they can do what they want, unlike the Hunt Brothers who were subjected to certain rules (and rules that >changed).
Yes, but just like a 9-inning baseball game can be an official game after 6 or 7 or 8 innings in the event of rain, the change on the Hunt's was within the rules and properly proscribed.
Comments
When a financial institution does not want to borrow someone money against a security there is a reason for it, and it isn't that the institution doesn't want to make money. This is no different than buying or selling options of Gamestop on margin. The house knows it's a very risky play and doesn't want to get caught holding the bag.
Given the manner in which margin is managed/controlled for all investments, I don't follow the logic that anything unusual is happening. Silver has been, and will be, very volatile for a while. In that environment the margin requirements are always tightened. Selling or buying naked calls/puts right now is between nuts.
The fundamentals haven't changed. The only fundamental regarding silver that I even question is the AI play.
I knew it would happen.
@jmski52 said “The only fundamental regarding silver that I even question is the AI play.”
Yes, that’s an excellent point. It is unclear whether the current massive expansion of data and computing centers will continue. If it does, that will be one of the many factors in favor of silver.
I think solid state battery tech is more of a factor. With Samsung getting involved in silver mining, it's clear that battery manufacturing is really worried/concerned about silver supply.
PS: I was somewhat unnerved and amused by some jaw-dropping errors I came across when I was playing around with one of the big AI tools yesterday.
However, this morning Google did a pretty good job and answering the question “what is happening in the silver markets today“
Google’s answer is as follows:
“The silver market today is experiencing significant volatility and a pullback after recent record highs, with prices sliding from over $80 down towards the $70-$75 range due to factors like profit-taking, increased margin requirements by exchanges, and hopes for a potential Russia-Ukraine peace deal, though strong underlying demand from industry (solar, electronics) and central banks, plus a persistent supply deficit, continues to support long-term bullish sentiment, with markets also watching for Fed minutes for rate-cut clues. “
And no mention of China, the biggest factor in the current equation.
When gold and silver move together, it signals the coming end of fiat money.
let' look at a hypothetical
the increase is 3,000. open interest is just under 150,000. 3,000x150,000 is 450,000,000. the conspiracy theory is that the run up and increased margin amounts are breaking the banks, plural. with more than one bank having less than 150,000 contracts: the feared amount spread across 3 is 150,000,000 each. more banks then your single bank doomsday hypothetical amount is even less. i don't think this is breaking anyone
The margin increase is definitely not breaking the big boys.
Loves me some shiny!
“Often wrong, but never in doubt.”
Yes but you don't know how many participants are big banks and how many are small businesses or investors. In the past I have had to reduce my futures positions when this happened. A coin shop that's hedging their day's purchases may also have issues. A small silver miner might also.
As for the big guys, I have no clue how they manage their funds but having to allocate millions more for their metals trading desks may or easily could result in having to open smaller positions than they otherwise would have.
The effect and result isn't to "break" people but it changes market behavior which is the intent.
this was in response to "raising margin to hurt the banks"
the more little people, the tiny bit less harm to big banks. that tiny bit helps my position: the increased margin won't slam a big bank into doom
Futures should primarily be a hedge, not speculative trading. Banks shorting futures, if proprietary, does not seem like a hedge, similar to rate swaps where that's their business of making loans. Banks don't mine silver nor produce products requiring silver.
I'm showing $72 in The Commonwealth, no $82 here. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
You gotta quit looking at the spot/SLV paper prices. Paper is cheaper for a reason. In the real world here's what an ounce will cost you this afternoon from the cheapest bullion dealer I know of, bullionexchanges. com.
When gold and silver move together, it signals the coming end of fiat money.
They can ask what they want, doesn't mean they are selling anything. Reminds me of that clown selling morgans and peace on the Saturday morning infomercials. Constantly references eBay sellers Buy it Now ASKING prices and trys to spin it into that's what they are selling for. See here's a MS62 1921-P Morgan dollar with a buy it now asking price of $500 but I'm such a nice guy I am going to let you have it today for $250 and even spread it out over multiple payments. Scam. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
huh? What on Earth .... What rubbish do you watch?
COPPER is gutter !
New ATH for silver. $84 coming.
don't count your 84s before they hatch
kitco session high 83.91
$84 is here.
Wow, 60x face. I remember 35x face on the 2011 run...
Wow!! Wonderful day in the neighborhood
MIKE B.
kitco session high exactly 84 - still waiting on front month futures 83.905
Another bubble imo. Remember 1980 and 2011. The local Sam Sloats was swamped with inventory when the bubble burst.
1979-1980 Bubble: Prices spiked dramatically from around $6 to over $48 per ounce (and as high as $50.50 intraday) due to an attempt by the Hunt brothers to corner the market, followed by a sharp collapse after regulatory intervention.
Decades of Stagnation: Throughout the late 1980s and 1990s, prices remained relatively low, often trading between $4 and $6 per ounce.
2000s Bull Market & 2011 Peak: A new bull market began in the 2000s, with prices breaking above $10 per ounce in 2006. The price nearly reached its 1980 peak in April 2011, hitting $48.46 per ounce, driven by safe-haven demand during the financial crisis and fears of inflation due to quantitative easing.
Recent Surge (2020s): After a period of decline and range-bound trading, prices surged again following the COVID-19 pandemic response and, more recently, due to strong industrial demand (especially in green energy/solar panels) and ongoing geopolitical concerns, reaching new nominal highs in late 2025/early 2026
https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm
fed's powell news is likely causing this and, while i'm in bubble watch, the implications of powell's forced removal are big. this is move up backed by news
When I came to this site the price of gold was only 3x what silver is now!
A lot has changed in 23 years.
A market bubble is a rapid escalation of asset prices (like stocks, real estate, or commodities) far beyond their intrinsic value, driven by excessive speculation, herd behavior, and extreme optimism.
This is no bubble. Not even close.
Just got this offer from Monument Metals. Txt only Sale. I feel like
I’m in the Twilight Zone.
Monument Metals
1 Oz American Silver Eagle BU (Dates of Our Choice)
As Low As
$92.54
MIKE B.
$86 is here.
is anyone who was waiting for the right price to buy still waiting to buy. LOL
When gold and silver move together, it signals the coming end of fiat money.
now that fed independence is threatened - the bubble view has changed to "run for your life"
$88+!
89
Yikes
COPPER is gutter !
Yes, but just like a 9-inning baseball game can be an official game after 6 or 7 or 8 innings in the event of rain, the change on the Hunt's was within the rules and properly proscribed.
no matter what the future holds it is apparent silver pricing it is different this time.
When gold and silver move together, it signals the coming end of fiat money.
COPPER is gutter !
$90 is here!
kitco session high 90.13
Very informative.
kitco almost 91 right now
kitco 91.41
There are decades where nothing happens, and there are weeks where decades happen.
COPPER is gutter !
A lot of doubters out there getting left behind.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Gold going to 6k 3 weeks from now. odds?
Collector, occasional seller
Trolls fully fumigated
Loves me some shiny!
“Often wrong, but never in doubt.”
ZSL should be ready for a reverse split soon, sub $3 currently
Someone suggested buying last week or so, that silver couldn't go higher. Was $14 in Nov and now $3. What is that 80% loss.