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Something is seriously breaking tonight.. Shanghai silver price is $82.00. That’s an unheard of spread of eight dollars… We need to organize a pity party for the likes of JP Morgan, and Bank of America..

Also even if gold does break it isn’t going to stop growing demand of the metals..

It might be beyond reverting this time because there was less demand last time.

I think silver, platinum and palladium are reverting to their traditional relationship to gold. If gold doesn’t break, the others may have a long run.

I don’t see how the large players will touch the Crimex for metals after this. The projected default is the end of Q1 2026.

I think the silver in any ETF, especially SLV is at risk of confiscation.

I’m a little surprised gold hasn’t started to see a bigger bid, platinum and palladium seem to be benefitting.

ferret – I’ll post the video about Salt Lake if I can find it.

Tough time of the year for a crisis.

This kind of action in the futures market may be unprecedented. The general public doesn’t appear to be buying yet which signals a top is near. Open interest indicates the top is much further up.

Look for the rules to change soon. A default is imminent on the crimex if they don’t change the rules. This is the mother of all short squeezes.

This market has gone too far without a correction. It tried to sell off a few times but the buying was just too much. If your playing on margin, you may be front and center in a bloodbath.

Gotta eat my turkey sandwich now.

rno

getting down close to 60:1

we are living in interesting times.

Bet Trump won’t be happy about that. But they are opening a new refinery at Salt Lake in 2026, maybe that’s why the old one is closing? I got some Johnson Matthey 5kg bars back in ’01 for AUD1,476. I think there are still a couple in “deep storage”.

We were looking for a source for prices in the Shanghai spot market.

Almost has made back all the margin increase…….

https://www.netdania.com/comodities/gold

Click on instrument and scroll down to silver

62.19 the spike low support level, in the Au/AG ratio …. gets taken out, like it was not there.

Gold up 43.10
Silver up $2.68

I’m having trouble posting the video from my iPhone. Looks like they shutdown the Johnson Matheny refinery in Salt Lake City. Big problems for silver supply.

Can’t find a time that SMM opens on 26th Dec, but it isn’t a holiday.

If anyone has a solid source, feel free to share.

Kitcco has $73.55 up $1.70

Looking good.💪

‘..they can’t take my physical..’

Bearing down on $73.

I wonder what the phyzz price looks like in Shanghai?? Looks like $77.20

https://goldsilver.ai/metal-prices/shanghai-silver-price

I’m wondering how long before they’ll be raiding the local dealers? They are still offering below spot on all silver I’ve seen.

Santa’s in the house! Wooohooo!!!! Bugs won!