Been reading comments from other pundits/analysts that say similar things. Silver looking like it is ripe for a squeeze like Nickel had recently. Not much resistance left after $50. etc.

Back in December/January, when the first round of Trump tariff fears hit the market (before it was clarified that gold and silver bullion were to exempt), EFP spreads blew out and metal flowed heavily from London to New York. Tariff fears (and EFP spreads) eased on April 2 when exemption policy was...

JPow appears to have punched the local ceiling in gold and silver with his dovish speech at Jackson Hole this morning.

dualstow wrote: ↑Thu Aug 14, 2025 8:18 am What is depicted on the yellow cap, by the way?

https://en.wikipedia.org/wiki/Don't_Tread_on_Me

https://en.wikipedia.org/wiki/Gadsden_flag

Donald Trump will issue an executive order “clarifying” the US’s stance on gold bar tariffs, after a ruling that a widely-traded form of the precious metal is subject to levies sent shockwaves through the bullion market. “The White House intends to issue an executive order in the near future clarif...

The US has slapped tariffs on imports of one-kilo gold bars, in a move that threatens to upend the global bullion market and deal a fresh blow to Switzerland, the world’s largest refining hub. The Customs Border Protection agency said one-kilo and 100-ounce gold bars should be classified under a cu...

Silver looking ready to pop this morning...

Mr. Bateman strikes again (he bought 12.69 million ounces between December and March - physical, not paper):

seajay wrote: ↑Sun Jun 22, 2025 7:24 am There's around 500 ounces of silver in each Tomahawk missile. ...

Maybe. That's just a rumor and it's been disputed.

https://www.pmbug.com/threads/al-jazeer ... lver.2693/

I expected deleveraging for the industrial demand. I'm no expert though and the dynamics of the silver market seem to be changing. Maybe the physical market (underpinning the paper derivatives) really is tighter than we know.

Silver has been showing surprising strength in the face of war news and potential disruptions with oil and the global economy. I'm not complaining at all, but honestly, I rather expected this Israel-Iran conflict to cause a sell off in silver. That hasn't happened and I have to think that is really ...

pmbug wrote: ↑Mon Jul 01, 2024 11:38 am...
There is a decent chance that silver will outperform gold over the next 3-5 years IMO. $.02 FWIW

2025 has brought a sound money legislation landslide. Several states passed or almost passed legislation to establish gold and silver as legal tender and to develop payment rails for using them as a parallel currency. I reviewed the legislation for bills in AR, MO, FL and TX in the article linked be...

It's happening! HB1056 just passed the Texas House and now awaits Governor Abbott's signature. Awesome!

Bold emphasis is mine: ... While gold prices are driven by many factors, investors showed high demand for gold as a safe haven asset and, at the beginning of 2025, a notable preference for gold futures contracts to be settled physically. These dynamics hint at investors’ expectations that geopolitic...

China is driving the gold bus, not US retail.

I had some fun this morning...

I watched it happen in real time. Most of the peeps that started it are all people I follow/interact with.

The leaders of the squeeze ... Some peeps on X proposed the idea and other peeps said, "yeah, let's do it". Its a viral thing without any real "leader" or organizer. Here are the reasons I invested close to a billion dollars in precious metals over the past six months—including ...

Thanks! They are crude (my photo editing skills are amatuerish) but get the point across.
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This tweet includes video from CNBC TV18 (India) talking about #silversqueeze:

I wrote an article this morning about the silver market and the nascent #silversqueeze 2.0 effort:

https://www.pmbug.com/threads/silver-sq ... esis.8137/

... There's more gold vaulted in London ... London claimed 8,477 tonnes at the start of March. The LBMA doesn't offer any breakdown on how much of that is actually unencumbered and available to the market (not owned by ETFs, central banks, bullion banks, etc.). The LBMA's technical default with T+6...

COMEX delisted four gold futures contracts. It looks like they don't want the physical gold flowing out to China/SGE and/or back to London/LBMA. The competition for physical gold is tightening up.

... I wanted to check the price of gold and then the bid / ask as of the same time for an American Eagle and Maple Leaf ... Apmex used to advertise their buyback price for bullion items. These days, I think almost all bullion dealers tell you to call them for their buyback prices. I know there are ...