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LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!

 
Don Draper from Nantucket
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04/15/2021 12:55 AM

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LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
[link to www.zerohedge.com (secure)]

The London Bullion Market Association (LBMA) has just published a new report titled “Silver Investment 2021: Report” which looks at recent developments in the investment silver sector.

Social Media Storm becomes Folklore

There then follows an entire section of the LBMA report titled ‘The Social Media Storm”, which begins:

“The events of late January/early February this year have almost become folklore in the silver market. It is worth recalling how this emerged and its impact on retail buying even after the social media storm faded.”

For obvious reasons, the LBMA would like to have people believe that the #silverSqueeze has faded. If anyone wants to check on Twitter and Reddit, they will, however, see that this is not the case. The LBMA / Metals Focus then show their hand by dismissing the existence of a bullion bank short position in silver.

"Buoyed by this success, social media discussions soon focused on silver, and in particular longheld conspiracies that financial institutions were holding significant short positions."

Not content with hurling conspiracy theory accusations against anyone mentioning the Wall St silver short position, while trying to pretend the frenzy has faded, the LBMA report then doubles down, referring again to both in the same sentence:

"Although the silver price achieved a six-year high of $30.10, the social media frenzy quickly faded – dynamics in the silver market are quite different to those behind the GameStop trade. In essence, there were no massive short positions in silver to force out.

But then the social media frenzy was seemingly back:

“As the social media frenzy was picked up by the mainstream media, silver benefited from widespread news coverage, particularly in the US.”

“As dealer inventories were depleted the emphasis shifted to silver coin and bar manufacturers. Although many fabricators quickly ramped up production, three issues emerged –

a) lockdown restrictions affected how much the manufacturers could respond to the jump in demand, c) the increase in retail sales was so great that delivery lead times grew, ..added to concerns about a shortage of silver, which further boosted sales, c) US Mint gold and silver Eagle coin minting scaled back due to switch of production to new design.”

“As a result, February and March 2021 have seen retail silver investment demand remain exceptionally strong in the US.”

Conclusion

This new silver report published by the LBMA is indeed a strange report, discussing as it does the fact that if inflows into SLV and the other ETFs had continued , "it would only have been a matter of weeks before London’s existing [silver] stock was used up". And its a far cry from LBMA CEO Ruth Crowell on 8 February, telling NASDAQ that there were 'healthy' silver stocks in London.

Equally strange is the LBMA acknowledging the power of the social media buying frenzy in silver (cue memes of silver back Ape 'frenzy'). Which would make a good story that the report was written by Metals Focus, and published by the LBMA intern when the rest of the LBMA staff was out to lunch. Stranger things have happened.

On a serious note, it's increasingly obvious that those few days in late January and early February when there were huge inflows into SLV and when the silver price hit $30, terrified the powers that be within the bullion banks and within the central banks that the silver market was about to explode. Which is why the silver price was not allowed to rise any further and which is why the CFTC and US Treasury was monitoring the action closely.

It should also give hope to the #SilverSqueeze movement that the LBMA thinks they have 'faded' and gone away. Because, as Sun Tzu once said on the art of war, "Appear weak when you are strong, and strong when you are weak".
PLATA BITCHEZZZZZZ



The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
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04/15/2021 03:52 AM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
Cool story.

That's about all it is. A story.
Kriegswichtiger Arbeiter

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04/15/2021 04:30 AM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
Phyzz to the moon, let's burn the rest.
Anonymous Coward
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04/15/2021 09:52 AM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
The Wall Street Silver Reddit group racking'em & stacking'em
Don Draper from Nantucket  (OP)

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04/15/2021 10:04 AM

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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
Cool story.

That's about all it is. A story.
 Quoting: Anonymous Coward 77045257


blah, blah, blah!
PLATA BITCHEZZZZZZ



The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
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04/15/2021 10:09 AM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
Manipulated to hell and back. If something stops the manipulation silver will go through the roof.
Anonymous Coward
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04/15/2021 10:17 AM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
Manipulated to hell and back. If something stops the manipulation silver will go through the roof.
 Quoting: Anonymous Coward 77634297


They've been manipulating the price of silver for over 100 years. In the past 50 years through the future's market.

No one knows what the true price of silver should be, as determined by an open and fair market.
Anonymous Coin
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04/15/2021 10:28 AM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
They can move fed funds in like air, you won't see it or hear it except in the data, the price of silver will not reflect the davaluation of the dollar, because credit is more mutable than silver or any metal. All credit washes into a perfect basin, and I can lift a thousand tons of credit with my finger. Credit more powerful to evil, than metal is to good.
Anonymous Cred
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04/15/2021 10:30 AM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
Well when I say metal is less powerful to good than credit is to evil, I mean gold and silver, but lead, and metal primers, are the most powerful metal of all, only if held by people wil;ling to use them. In the closet or the basement that shit'll just be used by the enemy. But if you took your steel and lead out to the voting booth, as you can see, they're gonna call you names anyway, but yeah, the future knows what metals can trump credit. Oh also, credit flies around the world, while good money is a nation item.
Anonymous Coward
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04/15/2021 10:38 AM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
You want the truth about the silver market?
Check out Australian economist John Adams exposing the fraud and manipulation:


[link to twitter.com (secure)]
jlee2027

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04/15/2021 10:42 AM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
Manipulated to hell and back. If something stops the manipulation silver will go through the roof.
 Quoting: Anonymous Coward 77634297


They've been manipulating the price of silver for over 100 years. In the past 50 years through the future's market.

No one knows what the true price of silver should be, as determined by an open and fair market.
 Quoting: Anonymous Coward 76760905


This is a very important post. mash4077-salute
M R E

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04/15/2021 11:16 AM

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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
bump
would rather have it & not need it then need it & not have it
darth

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04/15/2021 11:26 AM

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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
The current lower price for silver is an opportunity.

Texmetals dot com still has coins in stock. Premium is not that bad.

Keep stackin'!

The silver squeeze will continue.

I am betting that the big players manipulated the price down so they could stock up. Without silver, there are no cell phones, TVs, electric cars, etc.
Terp

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04/15/2021 11:52 AM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
When the shoe-shine boy is telling you to buy gold and silver = SELL!!!

(and that's not happening yet, btw)

.
Anonymous Coward
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04/15/2021 11:57 AM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
The current lower price for silver is an opportunity.

Texmetals dot com still has coins in stock. Premium is not that bad.

Keep stackin'!

The silver squeeze will continue.

I am betting that the big players manipulated the price down so they could stock up. Without silver, there are no cell phones, TVs, electric cars, etc.
 Quoting: darth


They’re completely out of all American silver Eagles including monster boxes
Don Draper from Nantucket  (OP)

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04/15/2021 12:02 PM

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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
The current lower price for silver is an opportunity.

Texmetals dot com still has coins in stock. Premium is not that bad.

Keep stackin'!

The silver squeeze will continue.

I am betting that the big players manipulated the price down so they could stock up. Without silver, there are no cell phones, TVs, electric cars, etc.
 Quoting: darth


hesright
PLATA BITCHEZZZZZZ



The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Don Draper from Nantucket  (OP)

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04/15/2021 12:03 PM

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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
When the shoe-shine boy is telling you to buy gold and silver = SELL!!!

(and that's not happening yet, btw)

.
 Quoting: Terp


No right now they are neck deep in the stock market telling you to buy game stop stocks!


epiclol
PLATA BITCHEZZZZZZ



The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
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04/15/2021 12:56 PM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
LOL, they are still trying to sell people on the SLV ETF, "OMG, if people had continued to buy the SLV ETF then we'd REALLY be in trouble!"

No... If people continue to stack physical silver, THEN the shorts are in trouble. At some point the rubber hits the road. And that point is when the manufacturers that need silver need to start buying from investors who have accumulated physical.

And for that to happen, for people to sell their 'stock' of physical silver, the price would have to be substantially higher. Plus take into account that pretty much everyone paid a very healthy PREMIUM for physical, that they would expect to get back.

I mean... How is there even a premium for physical? Doesn't that on its own tell you something is f***y?
Anonymous Coward
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04/15/2021 02:01 PM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
[link to www.zerohedge.com (secure)]

"Although the silver price achieved a six-year high of $30.10, the social media frenzy quickly faded – dynamics in the silver market are quite different to those behind the GameStop trade. In essence, there were no massive short positions in silver to force out.
 Quoting: Don Draper from Nantucket


Get it?

"Although the silver price achieved a six-year high of $30.10, the social media frenzy quickly faded – dynamics in the silver market are quite different to those behind the GameStop trade. In essence, there were no massive short positions in silver to force out.

bert-TIAll

#Silversqueeze = FAIL
Anonymous Coward
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04/15/2021 02:03 PM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
I got my horse ready, waiting for the cry, "SILVERTARDS, WE RIDE!"
Anonymous Coward
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04/15/2021 02:10 PM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
I got my horse ready, waiting for the cry, "SILVERTARDS, WE RIDE!"
 Quoting: Anonymous Coward 77333689


seal
Anonymous Coward
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04/15/2021 02:11 PM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
Sell all your metals before the fall.
nacho daddy

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04/15/2021 02:21 PM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
Who would pay over $8 premium for silver American Eagle?
I thought long and hard about jumping into silver but...

I think what people don't realize is that with all the manipulation, the government will dictate the value and tradability of silver and gold if things go bad.

People seem to think there will always be coin shops that will give them a fair price. If the economy crashes, it will be every man or woman for themselves and you may be offered pennies on the dollar.

Streetcorner exchanges will pop up and a black market economy will emerge. Or, the government can outlaw ownership as they did with gold back in the 30s.

If this is combined with food shortages and a collapsed economy, few will even want PMs as has happened in Bosnia during their war, according to Selco Begovic.
[link to www.theprepperdome.com (secure)]
The day the soldiers stop bringing you their problems is the day you stopped leading them.
They have either lost confidence that you can help them or concluded that you do not care.
Either case is a failure of leadership.
Mustydog

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04/15/2021 02:48 PM

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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
I heard that you will poop silver nuggets if you ingest large quantities of Coloidal silver.

drevil

Last Edited by Mustydog on 04/15/2021 02:48 PM
Anonymous Coward
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04/15/2021 03:00 PM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
I'd be looking under the couch for change to trade in for silver, and selling anything you can part with on Ebay.

The premiums will rise so fast quickly it won't matter what the paper price is, watch Eagles be $100 in a few months and the silver price still be kept below $30.

If they bottleneck government mints, all that will be sold basically is proofs and collectables and what's on Ebay and other sites will have ridiculous markups like copper.

I'd imagine much of the market will go to individual to individual as no one wants to trade in silver at a pawn shop for spot price when individuals are paying $10-15 over spot. Plus bartering, which is why it's good to have both eagles and Constitutional ("junk") silver.

I've heard pawn shops give warnings in the past week, that they can't hold onto it anymore, even if they get in 1000's of ounces it's gone by the end of the day, people are calling in from all over the US hunting it.
Don Draper from Nantucket  (OP)

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04/15/2021 03:04 PM

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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
I'd be looking under the couch for change to trade in for silver, and selling anything you can part with on Ebay.

The premiums will rise so fast quickly it won't matter what the paper price is, watch Eagles be $100 in a few months and the silver price still be kept below $30.

If they bottleneck government mints, all that will be sold basically is proofs and collectables and what's on Ebay and other sites will have ridiculous markups like copper.

I'd imagine much of the market will go to individual to individual as no one wants to trade in silver at a pawn shop for spot price when individuals are paying $10-15 over spot. Plus bartering, which is why it's good to have both eagles and Constitutional ("junk") silver.

I've heard pawn shops give warnings in the past week, that they can't hold onto it anymore, even if they get in 1000's of ounces it's gone by the end of the day, people are calling in from all over the US hunting it.
 Quoting: Anonymous Coward 78991752


hesright
PLATA BITCHEZZZZZZ



The Rolling Stones said it best...

"What's confusing you is the nature of my game"
GLP Effect

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04/15/2021 03:05 PM

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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
I got my horse ready, waiting for the cry, "SILVERTARDS, WE RIDE!"
 Quoting: Anonymous Coward 77333689


seal
 Quoting: Anonymous Coward 77953639


dance
Pray this prayer to blind Satan:
[link to flameoflove.us (secure)]
Anonymous Coward
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
Cool story.

That's about all it is. A story.
 Quoting: Anonymous Coward 77045257


Right. I got silver. I don't even look at the price anymore. It hurts my wittle feelings
Anonymous Coward
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04/15/2021 03:08 PM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
i read on GLP that it's written in the fucking USA constitution, that there's specifically nominated, declared what's the price of GOLD-SILVER ratio compared to dollar

anyone knows more about it?

this is just criminal, because it would mean the Government and the Financial Institution have been treasonous since like ever
Anonymous Coward
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04/15/2021 03:30 PM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
Cool story.

That's about all it is. A story.
 Quoting: Anonymous Coward 77045257


I just bought 20 ounces from my regular dealer and he said he's having no problem getting material except from govt, mints.
Destin-Toulouse

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04/15/2021 03:40 PM
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Re: LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears...HUGE NEWS!!
Silver hard to source and mints halting or limiting production.

In other news, spot price expected to drop 25%-50% in the next several days.

Now, in our feel-good segment, please go and get your vaccine!
Gilles Héjaune





GLP