Silver Price Watch

[Silver Soul]

DXY getting thumped. Good for PMs but beware the Friday night blues

 

[STKR]

She looks rediculous sandwiched between other precious metals.

 

[Cleaned.Slice]

It actually makes no sense that silver is double digits.
That's why I own it.

 

[alor]

for sanity sake, I have to count in ounces, best is kilos
they are the same as carrying big water melons for kilometers

 

[Silver Soul]

My sanity is glued to you bro. I love watermelon

 

[Silver Soul]

Are we ready for the Friday night dump? Sure i am

 

[alor]

oil should gap up $40 soon...

 

[Silver Soul]

oil should gap up $40 soon...

This is not good for anyone. Russia will love it

 

[STKR]

So we may have a record number of short contracts from the commercials banks this month.

 

[STKR]

Oh, and I can't help but feel like silver is going to be absolutely slammed at some point later in the year. Most likely after some event that impacts the world's economy. I just feel it in my bones. Good idea to have some cash ready.

 

[pmbug]

An unwinding of the Yen carry trade could force a lot of selling across markets.

 

[STKR]

@pmbug So I sent out a few emails asking about aboveground silver Stockpiles. I didn't receive any responses until now. This was from Sound Money Defence:
--------------
Thank you for your email. I apologize for the delay in my response.

Unfortunately I do not have this information, but I would think someone like the Silver Institute might: https://silverinstitute.org/. They publish a lot of research pertaining to silver, so this might be a good place to start.

Please let me know if you have any other questions. Thanks again for your email and your interest in sound money!

Best,
Jp

-------

So that's a bit of a dead end but I'm grateful for a response. This might sound strange but I get the feeling they know more than they're letting on...

 

[STKR]

I must admit, that looks pretty nice. Almost a $10 USD move in less than 2 months. Considering the spot price dipped to $11.60 in 2020 and traded organically at $13-$14 in 2018, that's pretty significant.

 

[pmbug]

... This was from Sound Money Defence: ... Best, Jp

JP Cortez is a good dude. Mises fellow. I've (DM) chatted with him a few times. He's focused on lobbying efforts to get rid of taxes on gold and silver in (USA) State legislatures. He's not really a market analyst.