Silver Is On A Tear Today

The fact that we are not trading in the $40's right now after that maneuver is astonishing. This proves to me, that this Silver market is not a speculative bubble and is running off of pure fundamentals, exactly what we want.
The same maneuver stopped the 2011 silver run instantly and ended the entire ralley as prices collapsed 30% do to people being forced to sell.

 

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I just watched a 17m video on YT to understand the this MN position eye opening still two more cards that CME can play but can be one shooting themselves in the foot very easily.My silver like many here is in a physical form not on paper and you are correct ETR unlike 2011 the floor is of sound structure..

 

I just wish my crystal Ball would have told me not to diversify Back in 2012 when I started my major collection. I should have just bought all ASE instead of Maples and Pandas and such. I do see a few that are out performing like englehard, and kooks and Kolas and such.

 

What is the difference between an ASE, Maple, Pandas, etc ?

I know some have posted that silver is silver so generic silver rounds/bars basically trying to get as close to spot as possible ?

I only ( with a few exceptions) buy US Silver. ASEs, and most of my coin collection is precious metal based for older circulated coins going back to the 1700s. Of course copper for certain specific coins but I've always liked to have US silver, gold, platinum.

 

Just as a ballpark.....how much over the spot price of silver are RAW ASEs...Maple Leaves....Pandas.....and others ?

What about GRADED/HOLDERED coins in 69 and 70 grades ?

 

Where's the announcement ?

 

Classic sign of the late stages of this move.

A blow-off top around $75 would not be unexpected.

 

I'm not sure what you are saying here, Gilbert.

What do you mean by "influence" ? What is the "outmaneuvering" you reference ?

Why do you dislike the American CME ?

 

there is a youtube channel that reviewed it; I believe a 10% increase in contract costs.
The announcement requires a website subscription to see it .. at least that's what I saw (or didn't see)

 

Assuming this site is on the up and up, it was a 10% increase in requirements, effective Friday:

https://thedeepdive.ca/comex-silver-margin-requirements-rise/

Seems like a fairly... marginal increase.

 

Other than the 10% higher maintenance costs, the rules include Trading Halts (from 2015 Rules)



plus other info
https://www.cmegroup.com/content/dam/cmegroup/notices/clearing/2025/chadv25-370.pdf

 

Everywhere (site quotes) I look, spot silver is over $62 today. It seems to be holding.

 

They don't announce such things publicly and for good reason. The CME & COMEX issues an alert to traders directly. X and Reddit have traders displaying the actual alerts. This dastardly deed forced all to sell who couldn't afford the requirements. The good news is the sell orders were mosty being bought.
This move shows desperation and major liquidity problems.I wouldn't be surprised if silver breaks 65 by Monday.

 

None of the sites I use (Kitco, coinflation, silverprice) ever report any price changes between about 5PM Eastern Fridays and 5PM Eastern Sundays. I didn't think there were any public trading venues that reported prices on Saturdays.

 

During the 2011 silver price run-up and subsequent drop, the CME Group (which operates the COMEX exchange) hiked margin requirements five times over a period of just eight trading days in late April and early May.
These changes were made in a series of steps between April 25 and May 5, increasing the margin requirement by a total of approximately 84% to mitigate risks associated with extreme price volatility. The hikes were a significant factor in sparking a sharp decline in silver prices from their record high of around $49.51 an ounce on April 28.
A sixth increase in margins occurred later in September 2011, also following a period of high volatility.

 

The game is rigged that's why we stack.

 

pretty soon the US Mint is going to have to make an ATE .. American Tin Eagle.
But even Tin is hitting records highs of $50,000 a metric ton / $1.19 per ounce.

 

Margin requirement increases, as I understand it, are basically saying "You know all that gambling you've been doing on price moves with borrowed money? Back it down some."

Yes, changing the rules in the middle of the game seems crooked. But the whole game seems pretty shifty to me. I guess I'm just simple-minded, but to me prices should be determined by people buying and selling actual goods, not speculators gambling (with other people's money) on future price moves.

 

It's also done because an illiquid security is rising very rapidly and they don't want to get caught holding the bag. It was also disclosed that this type of change can be imposed at ANY time when you signed the brokerage agreement documents.

Theres's nothing nefarious about it, that's my point. And it will NOT move silver up or down for any material lengtht of time.

 

Underspot! Lets say to buy a maple today it will cost you around $68.65 . Buy back if you can find a buyer $56.17 It should be worth around 62.00 Lets say you buy a panda every year like I did I paid maybe up to 4 to 6 bucks over spot to buy. $55.45 buy back and again they are looking for $68.80 or so .. Now eagles $ 57.67 How ever my LSC told me in a stable market he would pay spot And to buy a eagle from dealer over $69.00. I guess when I bought this silver it was around 14 to 18 spot and on special deals eagles were about $16. to $20 maybe but a panda would be 22- 24 bucks. The maples followed close to ASE to buy I guess maybe I expected my pandas would out perform and I would get the same back for a maple as a ase. Being they are all 1 ounce of silver.