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My spot chart says $51.75 Silver this AM
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<p>[QUOTE="GoldFinger1969, post: 26484151, member: 73489"]But is it ? Could be...but also delivery could be made through production, institutional sales, retail selling, etc.</p><p><br /></p><p><b>It's VERY RARE to find a short situation in any market -- or one of these "short metal, long paper" situations -- that leads to a rocket move up.</b> Usually, they tend to fizzle out. These situations tend to be the NORMAL position not an abnormality that automatically leads to a rocket move up. Same thing with contango and backwardation which can persist for long periods of time and/or fizzle out.</p><p><br /></p><p><b>The silver "deficit" can persist for many more years....resolving itself bit-by-bit over time.</b> I don't know. But not only do we need to see this "short covering" but we need to see it in a quantifiable time frame. If silver doubles in price in 5 or 7 or 10 years, that really doesn't help us here in October 2025, right ?</p><p><br /></p><p><b><span style="color: #0000ff">A situation like Gamestop (GME) is a 1 in 10,000 anomaly.</span></b> Perfect situation....like a non-HR hitter hitting 2 Home Runs in one game because he just happened to be facing the 1 pitcher his swing levels out against and can drive the ball. Then he goes another year and a half without a HR. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 26484151, member: 73489"]But is it ? Could be...but also delivery could be made through production, institutional sales, retail selling, etc. [B]It's VERY RARE to find a short situation in any market -- or one of these "short metal, long paper" situations -- that leads to a rocket move up.[/B] Usually, they tend to fizzle out. These situations tend to be the NORMAL position not an abnormality that automatically leads to a rocket move up. Same thing with contango and backwardation which can persist for long periods of time and/or fizzle out. [B]The silver "deficit" can persist for many more years....resolving itself bit-by-bit over time.[/B] I don't know. But not only do we need to see this "short covering" but we need to see it in a quantifiable time frame. If silver doubles in price in 5 or 7 or 10 years, that really doesn't help us here in October 2025, right ? [B][COLOR=#0000ff]A situation like Gamestop (GME) is a 1 in 10,000 anomaly.[/COLOR][/B] Perfect situation....like a non-HR hitter hitting 2 Home Runs in one game because he just happened to be facing the 1 pitcher his swing levels out against and can drive the ball. Then he goes another year and a half without a HR. :D[/QUOTE]
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My spot chart says $51.75 Silver this AM
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