Member Info for Sharpey

Let's see what happens in Shanghai in a few hours. People can trade funny paper all they like. Shanghai is where it's at! Just out of interest, anyone know if Fres can sell via Shanghai? It would make sense to by-paas NY and London if Shanghai will buy at a much higher price.

This is a great day for those that didn't get shaken out the tree. The shysters have tried to manipulate the silver price with a ferocious and coordinated attack. They failed. Still above $100 which most people predicted we'd only reach by end of the year, and it isn't even February!

GLA holders. DYOR. AIMO.

Has anyone ever seen days of -20% spread? A clear sign of manipulation. Why would people tell an auction they're prepared to sell something for less than what someone would pay for it!

As per usual, London traders don't understand the future earnings of Fres, sell in the morning, then Yanks who get it get to their desks 2:30pm London time and buy, buy, buy. It's why so many firms are moving listings from London to NY!

Be the bigger man!

@notlonggone - this is a UK website for a UK stock. Please don't bring divisive US political language here!!!

Has anyone seen a -19% spread? Yes MINUS!!! 🙌🚀🤯

Silver now close to no change on the day. Same every day: Silver gets hammered when NY opens; then Fres gets hammered afternoon GMT; then NY attacks runs out of steam; then Shanghai opens where silver that is actually used gets traded and the price explodes up. FRES should recover tomorrow on the back of a stabalised silver price, it's now $110 so hardly a crash. Everyone was questioning whether it could get over $100 by year end; it isn't even February yet!!!

Thanks @notlonggone

Lots of articles about silver predicting a crash due to too low a ratio with gold and peak use by China. See here https://www.businessinsider.com/silver-price-today-record-high-china-demand-price-forecast-2026-1

But this is b**locks imo! Any basic research will show solar panel production in China has not peaked! Even in the US where Trump is trying to kill renewables to please his fossil fuel backers solar is booming. The banks and the elite are trying to force panic selling because they'll shorted silver. Don't give them what they want. It'll cost you!!!

GLA, DYOR, AIMO!!!

Yanks really trying to push silver down. But still up over 2%. Given over 220 working days a year I'll take even an average of 2% a day rise in silver price over the year.

Given Shanghai is more representative of the real price due to trades their actually reflecting people wanting to buy silver for a purpose, not just paper contracts, I expect the next Shanghai trading session to bump silver up a lot before the London opening. Then off to the races again for FRES!!!

Anyone more bullish than me at $200 an ounce by year end?

I might have to revise UP my $200 an ounce end of 26 price prediction!

From Reuters:

"BofA strategist Michael Widmer estimates that a fundamentally justified silver price is around $60 with demand from solar panel producers probably having peaked in 2025 and overall industrial demand under pressure from record-high prices."

https://www.reuters.com/world/india/gold-silver-platinum-extend-recordsetting-rally-2026-01-23/

From Google AI:

"Potential Losses: Some, often unverified, reports suggest that for every $1 increase in the spot price of silver, Bank of America could lose upwards of $800 million due to its derivative positions."

You have no agenda Michael with your talking the price of silver down 🤣🤔😲

This is profit taking. They'll be people waiting for years to sell at £40. Once they've all cashed in this will 🚀🚀🚀

Yanks understand the true value of this, hence the jump when they get to their desks.

Silver goes down 1.5%, FRES goes down 3%. Silver price goes up 3%, FRES up 1.5%. Absolute joke. The market will only start to price this fairly when they see cold hard numbers in a financial update.

Silver up 40% in a month, FRES only up 22%. Same old, same old!

Silver up 20% in a week. Fresnillo up 4%. 🤔

We'll see $100 an ounce by end of Jan then $200 an ounce by end of year. IMO, DYOR, GLA 🚀🚀🚀

Maybe. But I'm confident current prices should get us to £4bn profit. And now the silver price is up 13% in a week, does anyone really think we'll still be at these prices by the end of the year??!!