don't need a list from day 1 to day 2. the uses and pressures have been there before september
from september through today, nothing has changed from 42 to 72 to make it rise that %age
and, in fact, we had this silver shortage at te lbma causing upward pressure "draining the vaults." the problem is that is over. lmba vaults amounts are rising again
retail overwhelmed refiners with 90% and other coin silver plus sterling. however, that is obviously clearing up, but not so much as to have alloyed silver be bought and sold a lot closer to spot (the bst doesn't have the volume to influence the lbma). the spreads are ridiculous and it is because the amount of selling and the greatly reduced demand
where are all those solar farms built in the last year and planned for 2026? we know more about datacenters. where is the satellite image of that manhattan-sized solar farm in china? anyone reckon it uses 300 million ounces of silver? how much silver would something like to have -used already- and not in the last 3 months from 42 to 72.
yo can list lots of things but from sept to dec it went from 42 to 72 on -no new news-
i don't see anything new causing silver usage to rise 130% in 2025
Has anyone said that demand increased by 130% in 2025? I don't recall anyone saying that.
Demand is definitely increasing but I don't believe that demand is required to increase by 130% in order for the price to increase by 130%. What makes you think it does?
can you name any??
There's more than one reason why the price has risen by 130% and demand is only one of them.
Q: Are You Printing Money? Bernanke: Not Literally
There's more than one reason why the price has risen by 130% and demand is only one of them.
pure speculation from 42 to 72 at least. silver chart is screaming bubble and demand hasn't increased in that percentage from september through now. it's going up on -no new news-
Markets are forward thinking, not retro in nature. The news about silver is sinking in around the world.
Russia has included silver in its 2026 plan for acquisition. China has decided to restrict silver exports while buying up dore' bars from all over South America on the cheap. India has just announced that silver can be used as collateral and has also been taking in large quantities for their own solar production. The US has designated silver as a strategic mineral - critical in both electronics and weapons. Samsung has a silver intensive new battery that's more efficient for EVs and production is scheduled for 2026 to accommodate 2027 vehicles, and they've bought themselves into a mine. Apple's products are price inelastic and require silver no matter what. Am I leaving something out? Probably.
Nothing happens overnight and all of these things are additive. This isn't about "nothing happening between 42 and 72". It's about the collective realization that silver is going to stay in short supply because production increases don't just happen at will. Yeah, you haven't even seen what volatility really means yet, but we aren't going to see a sustained crash in the price.
If you really think it's a bubble, go ahead and short it. I'm sure that you'll find takers for the other side of that trade.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
Markets are forward thinking, not retro in nature. The news about silver is sinking in around the world.
Russia has included silver in its 2026 plan for acquisition. China has decided to restrict silver exports while buying up dore' bars from all over South America on the cheap. India has just announced that silver can be used as collateral and has also been taking in large quantities for their own solar production. The US has designated silver as a strategic mineral - critical in both electronics and weapons. Samsung has a silver intensive new battery that's more efficient for EVs and production is scheduled for 2026 to accommodate 2027 vehicles, and they've bought themselves into a mine. Apple's products are price inelastic and require silver no matter what. Am I leaving something out? Probably.
Nothing happens overnight and all of these things are additive. This isn't about "nothing happening between 42 and 72". It's about the collective realization that silver is going to stay in short supply because production increases don't just happen at will. Yeah, you haven't even seen what volatility really means yet, but we aren't going to see a sustained crash in the price.
If you really think it's a bubble, go ahead and short it. I'm sure that you'll find takers for the other side of that trade.
@jmski52 said:
Markets are forward thinking, not retro in nature. The news about silver is sinking in around the world.
Russia has included silver in its 2026 plan for acquisition. China has decided to restrict silver exports while buying up dore' bars from all over South America on the cheap. India has just announced that silver can be used as collateral and has also been taking in large quantities for their own solar production. The US has designated silver as a strategic mineral - critical in both electronics and weapons. Samsung has a silver intensive new battery that's more efficient for EVs and production is scheduled for 2026 to accommodate 2027 vehicles, and they've bought themselves into a mine. Apple's products are price inelastic and require silver no matter what. Am I leaving something out? Probably.
Nothing happens overnight and all of these things are additive. This isn't about "nothing happening between 42 and 72". It's about the collective realization that silver is going to stay in short supply because production increases don't just happen at will. Yeah, you haven't even seen what volatility really means yet, but we aren't going to see a sustained crash in the price.
If you really think it's a bubble, go ahead and short it. I'm sure that you'll find takers for the other side of that trade.
.
Also, Saudi Arabia bought a bunch.
.
Saudi Central Bank buys $40 million in SLV and silver miners
@jmski52 hit the nail on the head, Markets are forward looking, so if silver demand went up increasing multiple %'s the past few years they are looking 3-5 years down the road and making their bets now.
@MsMorrisine said:
i don't see anything new causing silver usage to rise 130% in 2025
can you name any??
Yes, my brother is working at a bussiness that provides different alloys to all kind of manufacturing places, led is not used anymore due to regulations and hundred if not thousands of tones of silver are used instead, at an international level.
@jmski52 said:
Markets are forward thinking, not retro in nature. The news about silver is sinking in around the world.
Russia has included silver in its 2026 plan for acquisition. China has decided to restrict silver exports while buying up dore' bars from all over South America on the cheap. India has just announced that silver can be used as collateral and has also been taking in large quantities for their own solar production. The US has designated silver as a strategic mineral - critical in both electronics and weapons. Samsung has a silver intensive new battery that's more efficient for EVs and production is scheduled for 2026 to accommodate 2027 vehicles, and they've bought themselves into a mine. Apple's products are price inelastic and require silver no matter what. Am I leaving something out? Probably.
Nothing happens overnight and all of these things are additive. This isn't about "nothing happening between 42 and 72". It's about the collective realization that silver is going to stay in short supply because production increases don't just happen at will. Yeah, you haven't even seen what volatility really means yet, but we aren't going to see a sustained crash in the price.
If you really think it's a bubble, go ahead and short it. I'm sure that you'll find takers for the other side of that trade.
.
Also, Saudi Arabia bought a bunch.
.
Saudi Central Bank buys $40 million in SLV and silver miners
@jmski52 said:
Markets are forward thinking, not retro in nature. The news about silver is sinking in around the world.
Russia has included silver in its 2026 plan for acquisition. China has decided to restrict silver exports while buying up dore' bars from all over South America on the cheap. India has just announced that silver can be used as collateral and has also been taking in large quantities for their own solar production. The US has designated silver as a strategic mineral - critical in both electronics and weapons. Samsung has a silver intensive new battery that's more efficient for EVs and production is scheduled for 2026 to accommodate 2027 vehicles, and they've bought themselves into a mine. Apple's products are price inelastic and require silver no matter what. Am I leaving something out? Probably.
Nothing happens overnight and all of these things are additive. This isn't about "nothing happening between 42 and 72". It's about the collective realization that silver is going to stay in short supply because production increases don't just happen at will. Yeah, you haven't even seen what volatility really means yet, but we aren't going to see a sustained crash in the price.
If you really think it's a bubble, go ahead and short it. I'm sure that you'll find takers for the other side of that trade.
.
Also, Saudi Arabia bought a bunch.
.
Saudi Central Bank buys $40 million in SLV and silver miners
Saudi Central Bank buys $40 million in SLV and silver miners
Fools, I suppose. Lol
>
If Saudi bought $30 MM of SLV at around $32 per share, why would they be fools when it more then doubled in 6 months.
Because dcarr thinks anyone who buys SLV is a foolish idiot.
.
Saudi Arabia, as a large purchaser of SLV, can theoretically take delivery of physical silver from SLV. Small-time chumps can never get actual silver out of SLV.
Saudi Arabia wants to continue to be a major player in the energy sphere once crude oil is no longer a thing. Silver is important for energy generation and transmission, and electronics.
I suspect that what has been happening is that Saudi Arabia has been taking physical delivery from SLV, and SLV was required to allocate (buy) physical silver for that.
if they want to take delivery, they can buy futures contracts and take delivery or hit up someplace with a seat on the lbma
goig through slv to get it is a lot of trouble comparatively
.
Is it harder for a large purchaser to get physical silver out of SLV, or is it harder to get that physical silver out of COMEX ?
(this is an actual question since I have never done either).
you go through a major brokerage that not only trades futures but also allows them to go into "take delivery." at that point it is up to the buyer and seller to make arrangements among themselves - no broker.
i have read a story in the late 90s to early 2000s of an individual that did this. i can't recall whether it was delivered by armored car or he went to the storage facility, but the overall process read like what would happen if someone had a wholesale order from a major dealer like apmex. there are hoops, but easily jumped through. however, 25+ years later,... anything change? and the costs were slightly lower than actually going through a metals broker.
if they want to take delivery, they can buy futures contracts and take delivery or hit up someplace with a seat on the lbma
goig through slv to get it is a lot of trouble comparatively
Exactly. It's like 1 million oz. But he "suspects"...
There's probably more than 1 million oz available on Ebay right now
Lol
.
How much work would it be to go buy 1 million ounces on eBay ?
PS:
Sometimes, all it takes to move markets significantly is a fringe buyer taking up a moderate amount.
.
I suggest you start by talking to the CPT. THKS!
P.S. APMEX could also help fulfill your request. GD LCK!
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?
if they want to take delivery, they can buy futures contracts and take delivery or hit up someplace with a seat on the lbma
goig through slv to get it is a lot of trouble comparatively
Exactly. It's like 1 million oz. But he "suspects"...
There's probably more than 1 million oz available on Ebay right now
Lol
.
How much work would it be to go buy 1 million ounces on eBay ?
Easier than SA exchanging the etf for physical. But since you are highly qualified to speak on these matters, we'll defer to your "suspicions". Lol
.
So you are saying that it is not easy for a big player to get physical silver out of SLV.
It would take at least 1,000 of the biggest eBay lots to reach one million ounces.
This is all accurate and a big part of what is happening now. In regards to them attempting to suppress the price, I think they have been trying, but it is now beyond their control and it is no longer working. Large companies and countries are trying to stock up ahead of time because they know that everything is in short supply. A lot of this news is now recently coming to the forefront due to the recent reclassification to strategic metal, not only in the USA, but other countries as well. Some larger companies are going straight to the mines and also purchasing deco in attempt to get ahead of game.
if they want to take delivery, they can buy futures contracts and take delivery or hit up someplace with a seat on the lbma
goig through slv to get it is a lot of trouble comparatively
Exactly. It's like 1 million oz. But he "suspects"...
There's probably more than 1 million oz available on Ebay right now
Lol
.
How much work would it be to go buy 1 million ounces on eBay ?
Easier than SA exchanging the etf for physical. But since you are highly qualified to speak on these matters, we'll defer to your "suspicions". Lol
.
So you are saying that it is not easy for a big player to get physical silver out of SLV.
It would take at least 1,000 of the biggest eBay lots to reach one million ounces.
.
They are retail investors, not authorized participants.
And yes, even something extremely difficult is easier than something impossible.
Samsung silver batteries are in testing and production is slated to start in 2027. @pcgscacgold said:
Samsung's new battery technology uses 1 kilogram of silver per car. That will be interesting to watch unfold.
>
One kilogram of silver per car = 32.1507. troy ounces x $100 (?) = $3215.70 per battery!!!
@jmski52 said:
Saudi can take delivery if they want, and they probably will as soon as their BRICS vault is up & running. Most SLV holders can't take delivery.
SA doesn't want to be storing metals. They are savvy investors, and they cash settle.
Their SWF is $1 trillion so that $40 MM is about 0.004% allocation.
@jmski52 said:
Saudi can take delivery if they want, and they probably will as soon as their BRICS vault is up & running. Most SLV holders can't take delivery.
SA doesn't want to be storing metals. They are savvy investors, and they cash settle.
Their SWF is $1 trillion so that $40 MM is about 0.004% allocation.
.
You can't make a solar panel or car battery using "paper".
Saudi Arabia might be interested in stockpiling some physical silver.
How do you know that they are not ?
PS:
If, as you claim, the previosly-announced Saudi Arabia silver purchase is only 0.004% of their Sovereign Wealth Fund, then they have a lot of room to buy more.
So the Suppressors and Conspirators and folks who wanted the price lower now all of a sudden just reversed their position ?
Apparently, JPM started closing their short positions back in April.
SA doesn't want to be storing metals. They are savvy investors, and they cash settle.
Their SWF is $1 trillion so that $40 MM is about 0.004% allocation.
They are building a vault in SA as part of the BRICS in conjunction with the Shanghi Cooperation Agreement. Saudi is de-dollarizing. You think that allocation is going to stay at 0.004%?
Q: Are You Printing Money? Bernanke: Not Literally
Open short interest declined from over 22,000 contracts in April to around 6,000 in October. "Somebody" took it in the shorts. Question is - which of our favorite megabanks are now insolvent?
Q: Are You Printing Money? Bernanke: Not Literally
Anyone hoarding silver for many years knows who controls extreme hikes and when it falls it is fast, in my opinion for people that have been hoarding for years this is the perfect opportunity to SELL and come back later. Of course just an opinion from a buyer who started when silver was $5.00 and seen many extremes.
JMO
AL
PS for anyone hoarding large amounts I truly hope I am wrong and remember history provides knowledge and doing your own research and not listening to people like me is your best bet.
if they want to take delivery, they can buy futures contracts and take delivery or hit up someplace with a seat on the lbma
goig through slv to get it is a lot of trouble comparatively
But the futures contract has a end date, which can be rolled, and they have to find a seller to agree to make delivery. For SLV, the SA can cancel/sell the SLV at any time when it it most beneficial and their broker will guarantee to make delivery. Disagree its easier with a future contracts. Most futures contracts are closed out and cash settled.
@jmski52 said:
Open short interest declined from over 22,000 contracts in April to around 6,000 in October. "Somebody" took it in the shorts. Question is - which of our favorite megabanks are now insolvent?
where is this open short interest information published?
@jmski52 said:
Open short interest declined from over 22,000 contracts in April to around 6,000 in October. "Somebody" took it in the shorts. Question is - which of our favorite megabanks are now insolvent?
Comments
Hunting $72 for Christmas??
Only thing I can think of is perception.
Increased solar power for 1. I read that China finished a solar field the size of Manhattan that you could see from space.
.
I knew it would happen.
don't need a list from day 1 to day 2. the uses and pressures have been there before september
from september through today, nothing has changed from 42 to 72 to make it rise that %age
and, in fact, we had this silver shortage at te lbma causing upward pressure "draining the vaults." the problem is that is over. lmba vaults amounts are rising again
retail overwhelmed refiners with 90% and other coin silver plus sterling. however, that is obviously clearing up, but not so much as to have alloyed silver be bought and sold a lot closer to spot (the bst doesn't have the volume to influence the lbma). the spreads are ridiculous and it is because the amount of selling and the greatly reduced demand
where are all those solar farms built in the last year and planned for 2026? we know more about datacenters. where is the satellite image of that manhattan-sized solar farm in china? anyone reckon it uses 300 million ounces of silver? how much silver would something like to have -used already- and not in the last 3 months from 42 to 72.
yo can list lots of things but from sept to dec it went from 42 to 72 on -no new news-
i don't see anything new causing silver usage to rise 130% in 2025
Has anyone said that demand increased by 130% in 2025? I don't recall anyone saying that.
Demand is definitely increasing but I don't believe that demand is required to increase by 130% in order for the price to increase by 130%. What makes you think it does?
can you name any??
There's more than one reason why the price has risen by 130% and demand is only one of them.
I knew it would happen.
pure speculation from 42 to 72 at least. silver chart is screaming bubble and demand hasn't increased in that percentage from september through now. it's going up on -no new news-
Markets are forward thinking, not retro in nature. The news about silver is sinking in around the world.
Russia has included silver in its 2026 plan for acquisition. China has decided to restrict silver exports while buying up dore' bars from all over South America on the cheap. India has just announced that silver can be used as collateral and has also been taking in large quantities for their own solar production. The US has designated silver as a strategic mineral - critical in both electronics and weapons. Samsung has a silver intensive new battery that's more efficient for EVs and production is scheduled for 2026 to accommodate 2027 vehicles, and they've bought themselves into a mine. Apple's products are price inelastic and require silver no matter what. Am I leaving something out? Probably.
Nothing happens overnight and all of these things are additive. This isn't about "nothing happening between 42 and 72". It's about the collective realization that silver is going to stay in short supply because production increases don't just happen at will. Yeah, you haven't even seen what volatility really means yet, but we aren't going to see a sustained crash in the price.
If you really think it's a bubble, go ahead and short it. I'm sure that you'll find takers for the other side of that trade.
I knew it would happen.
And besides all of that, the price isn't being suppressed anymore.
And the newest generation of solar panels is more efficient and uses more silver to accomplish that.
I knew it would happen.
.
Also, Saudi Arabia bought a bunch.
.
Saudi Central Bank buys $40 million in SLV and silver miners
Fools, I suppose. Lol
https://www.kitco.com/news/article/2025-08-25/saudi-central-bank-buys-40-million-slv-and-silver-miners-its-not-what-you
Knowledge is the enemy of fear
@jmski52 hit the nail on the head, Markets are forward looking, so if silver demand went up increasing multiple %'s the past few years they are looking 3-5 years down the road and making their bets now.
>
If Saudi bought $30 MM of SLV at around $32 per share, why would they be fools when it more then doubled in 6 months.
Yes, my brother is working at a bussiness that provides different alloys to all kind of manufacturing places, led is not used anymore due to regulations and hundred if not thousands of tones of silver are used instead, at an international level.
Saudi Central Bank buys $40 million in SLV and silver miners
Because dcarr thinks anyone who buys SLV is a foolish idiot.
Knowledge is the enemy of fear
Saudi can take delivery if they want, and they probably will as soon as their BRICS vault is up & running. Most SLV holders can't take delivery.
I knew it would happen.
.
Saudi Arabia, as a large purchaser of SLV, can theoretically take delivery of physical silver from SLV. Small-time chumps can never get actual silver out of SLV.
Saudi Arabia wants to continue to be a major player in the energy sphere once crude oil is no longer a thing. Silver is important for energy generation and transmission, and electronics.
I suspect that what has been happening is that Saudi Arabia has been taking physical delivery from SLV, and SLV was required to allocate (buy) physical silver for that.
.
$40 million of slv is nothing
if they want to take delivery, they can buy futures contracts and take delivery or hit up someplace with a seat on the lbma
goig through slv to get it is a lot of trouble comparatively
.
Is it harder for a large purchaser to get physical silver out of SLV, or is it harder to get that physical silver out of COMEX ?
(this is an actual question since I have never done either).
.
you go through a major brokerage that not only trades futures but also allows them to go into "take delivery." at that point it is up to the buyer and seller to make arrangements among themselves - no broker.
i have read a story in the late 90s to early 2000s of an individual that did this. i can't recall whether it was delivered by armored car or he went to the storage facility, but the overall process read like what would happen if someone had a wholesale order from a major dealer like apmex. there are hoops, but easily jumped through. however, 25+ years later,... anything change? and the costs were slightly lower than actually going through a metals broker.
Exactly. It's like 1 million oz. But he "suspects"...
There's probably more than 1 million oz available on Ebay right now
Lol
Knowledge is the enemy of fear
.
How much work would it be to go buy 1 million ounces on eBay ?
PS:
Sometimes, all it takes to move markets significantly is a fringe buyer taking up a moderate amount.
.
I don't that is going to be the last large purchase of silver that Saudi is going to make, if they haven't already.
Silver is getting tight in London again and December is a big delivery month in Comex.
I knew it would happen.
.> @dcarr said:
Easier than SA exchanging the etf for physical. But since you are highly qualified to speak on these matters, we'll defer to your "suspicions". Lol
Knowledge is the enemy of fear
I suggest you start by talking to the CPT. THKS!
P.S. APMEX could also help fulfill your request. GD LCK!
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 agree. i'll skip industry change from sept to now, and ask what news is there of such massive 70% percentage change for 2026?
-no new news- definitely not news looking for 70% more consumption in 2026
what news is there of such massive 70% percentage change for 2026?
no new news- definitely not news looking for 70% more consumption in 2026
You were talking about 2025, now you are talking about 2026? It doesn't matter - the factors are still the same.
I posted the factors above. Scroll up.
I knew it would happen.
.
So you are saying that it is not easy for a big player to get physical silver out of SLV.
It would take at least 1,000 of the biggest eBay lots to reach one million ounces.
.
This is all accurate and a big part of what is happening now. In regards to them attempting to suppress the price, I think they have been trying, but it is now beyond their control and it is no longer working. Large companies and countries are trying to stock up ahead of time because they know that everything is in short supply. A lot of this news is now recently coming to the forefront due to the recent reclassification to strategic metal, not only in the USA, but other countries as well. Some larger companies are going straight to the mines and also purchasing deco in attempt to get ahead of game.
how do you know?
how do you know?
Look at the price. Short positions are being closed, losses taken.
I knew it would happen.
They are retail investors, not authorized participants.
And yes, even something extremely difficult is easier than something impossible.
Knowledge is the enemy of fear
Why is this always the assumption? I have short positions on most all of my holdings and do not incur losses even in bull markets.
Knowledge is the enemy of fear
Samsung has a silver intensive new battery that's more efficient for EVs and production is scheduled for 2026 to accommodate 2027 vehicles....
Samsung silver batteries are in testing and production is slated to start in 2027.
@pcgscacgold said:
Samsung's new battery technology uses 1 kilogram of silver per car. That will be interesting to watch unfold.
>
One kilogram of silver per car = 32.1507. troy ounces x $100 (?) = $3215.70 per battery!!!
So the Suppressors and Conspirators and folks who wanted the price lower now all of a sudden just reversed their position ?
SA doesn't want to be storing metals. They are savvy investors, and they cash settle.
Their SWF is $1 trillion so that $40 MM is about 0.004% allocation.
.
You can't make a solar panel or car battery using "paper".
Saudi Arabia might be interested in stockpiling some physical silver.
How do you know that they are not ?
PS:
If, as you claim, the previosly-announced Saudi Arabia silver purchase is only 0.004% of their Sovereign Wealth Fund, then they have a lot of room to buy more.
.
.
Then you must be perfectly hedged and your net loss (as well as your net gain) is zero.
If so, what is the point ?
.
So the Suppressors and Conspirators and folks who wanted the price lower now all of a sudden just reversed their position ?
Apparently, JPM started closing their short positions back in April.
SA doesn't want to be storing metals. They are savvy investors, and they cash settle.
Their SWF is $1 trillion so that $40 MM is about 0.004% allocation.
They are building a vault in SA as part of the BRICS in conjunction with the Shanghi Cooperation Agreement. Saudi is de-dollarizing. You think that allocation is going to stay at 0.004%?
I knew it would happen.
.
I could envision that some large silver "shorts" were FORCED to capitulate.
.
Open short interest declined from over 22,000 contracts in April to around 6,000 in October. "Somebody" took it in the shorts. Question is - which of our favorite megabanks are now insolvent?
I knew it would happen.
Anyone hoarding silver for many years knows who controls extreme hikes and when it falls it is fast, in my opinion for people that have been hoarding for years this is the perfect opportunity to SELL and come back later. Of course just an opinion from a buyer who started when silver was $5.00 and seen many extremes.
JMO
AL
PS for anyone hoarding large amounts I truly hope I am wrong and remember history provides knowledge and doing your own research and not listening to people like me is your best bet.
But the futures contract has a end date, which can be rolled, and they have to find a seller to agree to make delivery. For SLV, the SA can cancel/sell the SLV at any time when it it most beneficial and their broker will guarantee to make delivery. Disagree its easier with a future contracts. Most futures contracts are closed out and cash settled.
where is this open short interest information published?
below it total open interest on a daily basis
My neck hurts
That would show up in the 8K.
for silver futures there, april open interest on the plateau ranged from about 115,000 to 125,000