"Silver Roars Higher as Short Squeeze Rocks the London Market"
Overdate
Posts: 7,191 ✭✭✭✭✭
Overdate
Posts: 7,191 ✭✭✭✭✭
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It's only just begun.......
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
“Without a central bank bid to anchor silver prices, even a temporary pullback in investment flows could trigger a disproportionate correction, as it would also unwind the London tightness that drove much of the recent rally.”
Rock on! RGDS!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
India's large role in the LBMA silver shortage
Does being a fiancial whiz with dollars make one an expert with gold?
Silver starts the week $1.20 in backwardation vs. Dec. futures.............
I knew it would happen.
Is anyone buying it? Sure doesn't appear to be unless one is selling well back of spot. Paper Gutter, Physical Gutter? Looks like its the paper for the win.
THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Still love her voice ❤️ 🤗
Lol, looks like a dude begging for gutter from the gutter. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Silver market is finally broken; great for holders of silver
India’s Largest Metals Refinery Ran Out of Silver for the First Time in History. Shortages hit London too.
When traders and analysts try to pinpoint the immediate cause of the silver crisis of 2025, they inevitably point to India.
Now let's wait for the COMEX to break. When that happens the party will likely end for silver ETF holders if their "silver" is held by a thirdd party. We know that JPM supposedly hold's SLV's silver (Blitz take note).
Does being a fiancial whiz with dollars make one an expert with gold?
Also believe India taking delivery for the upcoming festival season and solar projects is a big reason for the London storage, that plus silver being moved to US COMEX to avoid any potential tariffs earlier in the year. Figured I'd post a photo from inside the LBMA vault where there's 'supposedly' 24 1/2 tons of silver worth over $36B. If that is gutter I wouldn't mine rolling around in it.
The silver ETF's own over 80% of the inventory.
Each bar is ~ 60+ pounds of .999 and it takes 1,000 melted ASE's to form the bar.
Or 17,800 melted war nickels . . .
The price is doing nothing.....just sayin'.
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Those look like 1,000-troy-oz bars. How many are on each full pallet ? I think 30 bars, maybe more.
30 bars would be close to 1 ton. There is a lot more than 24-1/2 pallets shown. Is the photo real ?
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Awesome pic if real! Even if it's not, I dig it.
COPPER is gutter !
Was a photo on internet about the LBMA vault and associated value. But calculating it out, appears the article should have stated 245,000 tonnes (metric equivalent) to arrive at the close to $50 B value. Good catch. So should be around 245,000 pallets.
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Such articles are notorious for moving decimal places around. Reporters are not engineers.
But, anyway, the photo looks like maybe 200 pallets are visible. $36 billion worth of silver would be 1200 times what is shown. Could a warehouse have 1200 aisles just like that ?
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In high school, worked in the summer at a book depository right near the Jersey City entrance to the Holland Tunnel. It was probably equivalent to 3 or 4 blocks long and a block wide. There were a lot of deep rows to pick books for shipment to schools. Connected to the building were train tracks and truck loading docks. Envision something similar.
Not sure if the photo was at the beginning or middle of the row.