u/DartVod

I think it's becoming more and more apparent that we cannot predict anything silver-wise in the current macro-environment.

People that are launching predictions are either fooling themselves or fooling others.

Best we can do now is read into the movements we see in different mediums that are influencing silver and share strictly what we are observing.

And I think people who track all these things influencing silver and choose to share that insight with us are doing us a great service, but they should stop short of making predictions.

Also, I would encourage people to not gatekeep knowledge. Some people might have insights that to them are easily accessible/digestible and might be tempted to think everyone else has the same insight and there's no point in sharing those insights.

Let me tell you that there are many people who are new to silver or might not have as much time to search for insight, or might not even know what to look for.

I think sharing insights, engaging in constructive debates is a net positive, it's just that we should avoid making predictions, cause some people might make financial decisions based on those predictions.

And please don't pretend you guys have never made financial decisions based on predictions you've red on Reddit or some other form, we all did it.

I don't have the authority to ask anything of anyone, but I think being mindful of the things we say and how it could influence people's lives is the right call.

P.S. I'm still hoping for SILVER TO THE MOON, but there's a difference between what we are hoping will happen and what we reasonably think will happen.

P.S. 2 Haters can choke on my... Well, you know what 😅

https://preview.redd.it/f8tgt6o9d42h1.png?width=949&format=png&auto=webp&s=631024976714339587be5987f85ba487ff2609ae

Not just the precious metals, but everything is going down. Is this part of normal market swings or is it the beginning of a global recession?

Registered inventory hasn't flinched for the past 20 days, and if we look at the past 30 days, it actually went up by around 5 million ounces. The OI for June has stopped growing and is now declining. Industrial demand for silver is also declining. I keep searching for reasons to hope, but I can't find much. Does anyone have any facts to prove me wrong? And I mean facts, not conspiracy theories, cause I hope we are all reasonable adults here.

Monday I replied this to someone who wanted to buy silver mid-rally, my comment was downvoted and some dumbass left a mean comment in response. What I said:

You missed this train bro. I would wait for a correction if I were you.

I was talking from experience, cause I myself got burnt pretty bad when I bought the top in January and learned the hard way that you should never buy when the rally had already started, you just accept that you missed that train and wait for the correction, that's when you buy. Buy the dip, sell the top, simple rule.

u/fake_review I hope you listened to me then and abstained. If you want to be bullish, now is a better time to buy. There's no guarantee that a new rally will start any time soon, but we all know buying silver is a gamble. For some it's a short term gamble, for others a long term one, but a gamble nonetheless.

And for those who downvoted and disrespected me, maybe stop being so hot-headed. Just because someone is stating a fact you don't like, doesn't mean that person is your enemy or that you should dismiss or disrespect them.

Have a nice weekend everyone and let's pray silver fares better next week! P.S. We might have failed this week but I haven't given up on the idea of manifesting silver over 90$, MIND OVER MATTER!

I am still bullish on silver, but I'm a little bit worried that we had 22 million oz stand for delivery in May and almost none of that left the vaults, although we are halfway through May. That basically means the industrial users ratio amongst those contracts holders was insignificant and most of those who stood for delivery were speculators (and by speculators I mean anyone who doesn't buy silver as a prime resource for production) and this cannot be healthy. A market that is being held together solely by speculators is very unstable.

What do you guys think? Where are the industrial users? Where are the jewlers? Are they bypassing COMEX? And if so, how could that not be bad for us since spot price is set through COMEX? I suppose most of you are buying silver in the hopes of selling it at a fat profit at some point in the future, maybe some of you even need to sell pretty soon to cover expenses, so I'd say let's cut the BS, we all care about spot price, just pretending we don't doesn't help our situation.

Come on guys, we gotta manifest harder, I can't do all the pushing by myself. Today we push through the 80s and reach 90$/oz. WAAAAAAAAAAAAGGGGGGGH!!!!

Given that the OI for June keeps going up as we approach the first notice day, do you guys think there's a chance of seeing 20 million oz stand for delivery in June? The OI for June is currently at around 13 million oz, we have 7 millions to go to reach 20 millions. I don't think a significant number of the contracts will be rolled over to July, cause why would you buy contracts for June, a dead month, only to roll them over to July? If you were planning to roll it over to July, wouldn't you have bought for July in the first place? Who buys contracts for a dead month only to roll them over? Seems unlikely to me. If you are a speculator, you usually buy for an active month and roll them over to another active month.