Will the Gold Rush Persist

[lousylah]

https://www.reuters.com/world/china...alate-silver-scales-all-time-peak-2025-10-13/

A quote from the article specific to this thread subject

Steady central bank purchases, firm ETF inflows, U.S.-China trade tensions and the prospect of lower U.S. interest rates are providing structural support for the market

There isnt an equivalent force on the sell side to match the collective CenBank buying/hoarding (they wont be selling). Therefore the downside is protected (prices wont crash 20% for example).

I placed a watch tag on silver prices. Saw the 1yr and 6mts charts,

You may be right about upside potential based purely on charts, but I'm not familiar with the price movement indicators. What should be watched?

Another quote from the same article :

Technical indicators show both are overbought, with the relative strength index (RSI) at 80 for gold and 83 for silver.

so starting a fresh position now (from zero) in either gold or silver (physical stacking or via ETF) is not ideal. Technically speaking both are due for a correction - in days? In weeks? In months? No one knows.

any correction for gold should be gradual (as i explained above) but silver will be comparatively more “drastic” (up to 5%?).

silver (london benchmark) is currently on short squeeze which analysts thought would have eased last week but continues spiking even now (!!). My personal view is the squeeze wont ease completely until middle next week :
US long weekend yesterday, fomo flows into SLV trust, india diwali demand while physical bars from NYC/shanghai will take time to arrive so LDN will pay any price to secure bars needed to maintain 1:1 matching (thus the current squeeze).

therefore be patient and dont FOMO if you are currently on zero metals exposure - a correction is due soon (after next week is my view)

 

[Lighthand]

https://www.reuters.com/world/china...alate-silver-scales-all-time-peak-2025-10-13/

A quote from the article specific to this thread subject

Steady central bank purchases, firm ETF inflows, U.S.-China trade tensions and the prospect of lower U.S. interest rates are providing structural support for the market

There isnt an equivalent force on the sell side to match the collective CenBank buying/hoarding (they wont be selling). Therefore the downside is protected (prices wont crash 20% for example).


Another quote from the same article :

Technical indicators show both are overbought, with the relative strength index (RSI) at 80 for gold and 83 for silver.

so starting a fresh position now (from zero) in either gold or silver (physical stacking or via ETF) is not ideal. Technically speaking both are due for a correction - in days? In weeks? In months? No one knows.

any correction for gold should be gradual (as i explained above) but silver will be comparatively more “drastic” (up to 5%?).

silver (london benchmark) is currently on short squeeze which analysts thought would have eased last week but continues spiking even now (!!). My personal view is the squeeze wont ease completely until middle next week :
US long weekend yesterday, fomo flows into SLV trust, india diwali demand while physical bars from NYC/shanghai will take time to arrive so LDN will pay any price to secure bars needed to maintain 1:1 matching (thus the current squeeze).

therefore be patient and dont FOMO if you are currently on zero metals exposure - a correction is due soon (after next week is my view)

Thanks. I don't have any silver holdings of either physical or ETF, but I do hold gold in certificate and ETF mainly for hedging purposes.

I'll trust more experience ones regarding silver cause I've never held this metal before.

 

[bakuten]

The premium they impose on their products are higher and unattractive bid-ask spread, thats all I can remember

That's why they have product while other places around the world no more product or are unable to hedge due to not being liquid enough.

The spread is just a hidden market pricing mechanism....think of the premium + spot = real world physical pricing for retail.

The real metal will go to where it is loved most.

 

[bakuten]

https://www.reuters.com/world/china...alate-silver-scales-all-time-peak-2025-10-13/

A quote from the article specific to this thread subject

Steady central bank purchases, firm ETF inflows, U.S.-China trade tensions and the prospect of lower U.S. interest rates are providing structural support for the market

There isnt an equivalent force on the sell side to match the collective CenBank buying/hoarding (they wont be selling). Therefore the downside is protected (prices wont crash 20% for example).


Another quote from the same article :

Technical indicators show both are overbought, with the relative strength index (RSI) at 80 for gold and 83 for silver.

so starting a fresh position now (from zero) in either gold or silver (physical stacking or via ETF) is not ideal. Technically speaking both are due for a correction - in days? In weeks? In months? No one knows.

any correction for gold should be gradual (as i explained above) but silver will be comparatively more “drastic” (up to 5%?).

silver (london benchmark) is currently on short squeeze which analysts thought would have eased last week but continues spiking even now (!!). My personal view is the squeeze wont ease completely until middle next week :
US long weekend yesterday, fomo flows into SLV trust, india diwali demand while physical bars from NYC/shanghai will take time to arrive so LDN will pay any price to secure bars needed to maintain 1:1 matching (thus the current squeeze).

therefore be patient and dont FOMO if you are currently on zero metals exposure - a correction is due soon (after next week is my view)

So far for silver. London physical market still looking very tight. Physical silver lease rates have reached 100% per annum basis. Basically metal owners are not willing to lend their silver to shorts even at 100% p/a interest.

So for the short term....can see silver keep on climbing until this physical silver logistics issue in London can be settled.

 

[lousylah]

The premium they impose on their products are higher and unattractive bid-ask spread, thats all I can remember

Indeed if you do your research and DYODD, there are other bullion shops with better deals but then again most of them are even smaller or newer than BS.

Aiyo even SG mint, people complain. Cannot tahan, just queue and buy at UOB - remember to keep the receipt, pouch and seal!

 

[lousylah]

That's why they have product while other places around the world no more product or are unable to hedge due to not being liquid enough.

The spread is just a hidden market pricing mechanism....think of the premium + spot = real world physical pricing for retail.

The real metal will go to where it is loved most.

They indeed have a very diverse product range - be it metals, refiners, designs, weights, limited mintage, etc.

They even buy/sell non-IPM (gst free) products on GMS basis which most other bullion shops avoid. This is good if one’s family (parents, grandparents) have been stacking or gifted metals from decades back bought from gold shops, sg mint, etc (before IPM act) and looking to liquidate/encash them due to current ATH prices.

UOB will not take because the teller/banker isnt equipped nor trained to verify metal and fineness (unlike the uncles/aunties at neighbourhood gold/pawn shops).

 

[Lighthand]

Well.. Gold went pass the USD4100 mark...

The timing tracked quite beautifully with our dear Mr. T's latest remark (he changes tunes faster than I do my laundry).

 

[uponly]

Well.. Gold went pass the USD4100 mark...

The timing tracked quite beautifully with our dear Mr. T's latest remark (he changes tunes faster than I do my laundry).

>4.2k.. lmao

 

[lousylah]

Another CenBank to add gold to its reserves…

https://www.bloomberg.com/news/arti...s-with-boe-to-store-gold-it-seeks-to-purchase

…once again, its hard to have an equivalent force/magnitude on the sell-side to compete

 

[tomicaguy]

By Nov, USD5000.

 

[Lighthand]

By Nov, USD5000.

If more CenBanks jump on the band wagon, 5k by Nov is very likely.

T-bills are really getting from bad to worst.

 

[Lighthand]

https://www.channelnewsasia.com/wor...wer-grab-over-rare-earth-export-curbs-5404666

Wah! Really play very big now... using the "decouple" word now.

Are they insane? The turmoil would be unbelievable if really happen.

Looks like don't need to wait until Nov, maybe gold will hit 5k within the next few weeks.

 

[lousylah]

Retail fomo is heating up. Various bullion shops are doing brisk business. Can see older folks needing help from shop staff for account opening and online ordering at the terminals - overhear few customers asking about silver kilobars and how to bring home

even at sg mint they have to put out a laptop for uncles/aunties to order the lion bullion.

maybe another indicator metals due for correction? Beyond technicals like RSI

oh you guys should check out the stock prices of pawn shop chains on SGX

 

[Shahmatt]

between 2000 and 2015 it increased by 4x

We can maybe expect the same this time around.... as a minimum.

 

[bakuten]

https://www.channelnewsasia.com/wor...wer-grab-over-rare-earth-export-curbs-5404666

Wah! Really play very big now... using the "decouple" word now.

Are they insane? The turmoil would be unbelievable if really happen.

Looks like don't need to wait until Nov, maybe gold will hit 5k within the next few weeks.

This Eric guy breaks it down very well what has been happening and is still ongoing in London....and what it could evolve into....now just see how the elites decide nia.

 

[Tee_bag]

Where is a good place/shop to sell Gold or Silver?

I know bullionstar and goldsilvercentral...
Any others?

 

[fire]

Where is a good place/shop to sell Gold or Silver?

I know bullionstar and goldsilvercentral...
Any others?

Google and see where offer the best buy back prices...

 

[lousylah]

Where is a good place/shop to sell Gold or Silver?

I know bullionstar and goldsilvercentral...
Any others?

GSC takes a haircut if the coins/bullions not bought from them. Otherwise their spread indeed one of the best for shop-based.

there are many (new and old) shops now, dont want advertise else get ntuc points - so you go google.

if you dont mind, got buyers on carou too offering spot, even spot+. Not for everyone as some might worry for safety.

last one will be pawn shops - standalone or chains. Around hdb or your closest mall, so its convenient. Be prepared for sh*t prices though.

 

[bakuten]

CME has raised margin requirements for both gold and silver futures effective now.

seems like tonight should be quiet comparatively to the past few weeks.

 

[Lighthand]

The push to 4.5k is happening now. I know this sounds sad but I sat in front of my computer screen with KFC last night just to watch the push/pull drama