SILVER is an Eastern Bought Powder Keg Readying to Blow
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- Опубліковано 25 кві 2024
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SUBSCRIBE to Our Channel: ua-cam.com/users/sdbullion?s... There is no first quarter on record with this size of Indian silver import throughput, following the nation's record-breaking over 76 million oz silver bullion import month of February 2024.
India continued pulling silver bullion float off the world market to the tune of nearly 28 million ounces last month, March 2024.
About half of the Indian silver import demand for March 2024 came through lower-duty UAE grain trade. My assumption is all of that is heading towards new green energy initiatives in batteries and solar demand inputs, helping to subsidize the effort to build an allegedly cleaner energy grid.
So, a large portion of this record Indian silver demand is not driven by store-of-value demand but rather by an emerging industrial powerhouse ramping up its silver inventory levels while spot prices are relatively still cheap.
To put this record size near 123 million ounces, the Indian market has imported through the first quarter of 2024. Think of it this way.
India, in the first quarter of this year, 2024, has imported as much silver bullion as the US Mint struck and sold off in 1 oz American Silver Eagle bullion coins in 2019, Covid 2020, 2021, 2022, 2023, and through Q1 2024 combined.
All this we covered this week.
It is basically the underlying silver market in the East at the moment.
A systemically mispriced powder keg market is waiting to explode in higher spot prices based on uber-bullish factors building.
The silver and gold spot price markets finally had a large selloff in price this week.
The spot gold price closed this week just under $2,350 oz, while the spot silver price closed the week above $27 oz.
The spot gold-silver ratio, which we will focus on to conclude this bullion market update, finished this week at 85.
Buckle in and get position-ready. When the pathetic $30 oz silver spot TAMP resistance price passes into support, the ride will still get windy and funner.
That will be all for our weekly SD Bullion Market Update.
And as always to you out there, take great care of yourselves and those you love.
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Absolutely I like it.!
Don’t forget the big fat elephant in the room regarding silver consumption, the US military. They are using more silver than solar and batteries combined, they just don’t report it. Their consumption has been hidden for years, thats the real reason Yellen went to China to beg them to stop producing solar panels. In reality, they just want it all for missiles, bombs, torpedoes and the like. Nothing but a bunch of liars in the US government.
Greatly appreciated 👍
Yeah and Friday nights are a great time for releasing it. I'm not sure why but I dig Friday night.
Yes !!!🌎🗿™️
India has most of the world's gold. Of course they want the silver too. They might make a few solar panels with it but I'm guessing this is hoarding before the great rug pull....I mean reset. It's a lot easier to store than oil and it represents energy and wealth simultaneously. I can't think of any promise to pay better than silver.
the UAE-INDIA lowering silver duty agreement through 2031 AD says otherwise,
India is a growing industrial powerhouse and they will need tonnes of silver bullion for industrial inputs to do so
Well India of China or this Commie U.S regime is getting mine. Well hidden
Thanks for clarifying 2031 AD
I disagree with quote that India hold largest Gold reserve, its USA for sure...
China pushing Gold reserve up fast, elites must know more then we do...
Maybe WW3 is unavoidable, maybe greatest crash off economy on the corner?
@@toningtony8411 lol
Health...and silver.. is Wealth
Great update James. The India silver numbers are staggering. With mines only producing about ~800 million ounces annually, if India continues buying at these levels they will soak up over half of the newly mined silver.
👍🏼👍🏼
Great video I just wonder why I watch videos on something I’m already buying with two hands 🙌
The real question that everyone should be asking is: who is supplying all this silver and gold to these countries and corporations??
very poorly run mining companies that are short the metal.
China bought and owned the LBMA. They are pricing the metals higher than here in the west causing an arbitrage. This encourages people to sell to them through the LBMA!
CANADA
BTO BTG
These weekly updates are incredibly beneficial. We appreciate them James and SD Bullion. Thanks
My mailman thinks I buy lots of bearings online.
He may be buying bearings too 😀
Green energy batteries
In March of this year, 14,000 solar panels were destroyed by a hail storm in Nebraska. The demand for Silver used by the solar power industry will be much bigger than most people realize. Most figures given are counting on the solar farms not being destroyed by simple weather patterns.
Great presentation tonite; Asia is a hungry Dragon. Thanks for all your time and effort, much respect & love❤
Namaste from India :) New stacker from april 2024. Inspired by channels such as yours.
I wish I could also buy from your site :)
Absolutely love the design of silver eagles. Here the designs are also unique, with designs on gods and goddesses mostly, As we use silver in our prayers, festivals and marriages. Would love tonhave a conversation with anyone wanting to chat :)
Thanks James. As always, an excellent week wrap up. 👍👍👍
India is like a sleeping giant. Electrifying, upward mobility,
self banking with
silver/gold.
It looks like the snow ball is rolling, getting bigger, getting faster.
Have you ever been there?
They eat poop
They eat 💩
One of their delicacies is eating 🐄 💩
There was a great article in WSJ about A/C demand in India and China. Just that demand over the next decade is going to provide plenty or room to install more and more solar (esp India)
When i see the millions of ounces these countries are buying i think my stack is so small....lol. im at about 120 pounds....😅
Troy Pounds or Imperical?
That’s a pretty reasonable amount
Thats huge!
"The reluctant Silver Whale" 😂
Epic stuff James may your silver strand never be broken.
Wait!
Wait until I get to a lousy 1000 ounces.
372 isn’t cutting the mustard.
$30 an ounce silver, I think it is just over the horizon!
Over $30.00 on 5/17/24
James... thanks for the Deeper Dive on G&S. 🙏
Well done. It's interesting to see Asia get "into" silver now! Chinese couldn't care less about silver when I was there over a decade ago. I told the Chinese Mining Bureau that silver would become most important due to the technology explosion ahead. It took longer than I would have guessed, but once turned on, it would be nearly impossible to turn off. Thanks, James--
I "smashed" the "like" button like you said to, and now it's broke!😁
To the moon🎉
Let's just get past $30
Well, if gold is going to the moon, silver is going to Mars.
Thanks James, patience is the play.
But yet somehow, Silver has a problem trying to climb... Why is that?
Silver's price should not be tied to the paper market where they don't even have anywhere near 1oz of silver per share.
Great video.. Thank you for sharing.. Love SD Bullion !!
thank you James! great interview with Charlotte btw! the FDIC fund covers something like 3% of bank deposits, so that is not a reason to keep funds in banks...u will be bailed in via the Frank Dodd act.
Here’s a wild theory.
Market Caps matter.
This spike in silver price happened right when BTCs market cap overtook silvers.
So it could be a matter of future potential ROI of silver vs BTC has flipped on a market cap level.
Wrong, it's going for sale to military industrial complex.
Actually, you sir are wrong! The silver supplies in the ground in Mexico are currentlt declining and expected to run out by 2026!
USGS projected reserves and it seems everyone is running around claiming this means Mexico runs out by 2026:
pubs.usgs.gov/periodicals/mcs2022/mcs2022-silver.pdf
Come back in 2027 and MX will still be there with Peru, bet.
According to Bix Weir the American mint has stopped making silver eagles.
You can't make them if you don't have the metal.
Lots of silver in Mexico is known but not economic to mine at these prices, but if we get into a price channel in the 40s rather than the 20s you’ll see lots of mines opened that are just as profitable or more than today’s mines. Impact silver (ISVLF) has lots of silver never mined and part of a huge deposit(s) known since the Aztecs. This stock is a prime candidate for an easy 10x.
Solar is unbelievably awesome once you actually start using it. you will want to get the batteries and go off grid for sure.
To what extent will the Shanghai exchange be incentivized to suppress silver prices for their own profiteering schemes?
Good question; I recently saw rumors in the tin there is a 90% stranglehold of Chinese interest from a whale trader. Ridiculous concentration. I have not heard anything other than Western Bank derivative desks on the massive short side for PM derivatives thus far.
@@sdbullion Are you saying Chinese are the ones who control the price of silver? Not Western Banks?
Thank you James. You are on the "Never Miss" List for me.
I hope silver continues to go lower in price.
Excellent report 💯
love my weekly SD Bullion commentary. thanks to all the team over there. Im looking at the Cocoa chart and seeing future silver . please someone tell me I'm wrong.
What does he mean 80% depleted by 2026? Can anyone explain this please?
The inference he was making was that Mexico is running out of silver reserves in the ground (not true), and also politically, they may be shutting down many open pit mines (TBD politically soon, unlikely though)
This silver powder keg has so far had a 44 year old fuse, will I die of old age first or, see silver do anything?
Green deals ramping up silver ❤
2x more silver in new solar panels 👍👍👍
I know that the professionals have a greater understanding of what is happening but I think that it’s not just a central bank issue but a individual issue as well. Those of us who are stacking are on the same page as the central banks.
THANKS JAMES ...GREAT NAME BTW..LOL
tx
I agree with that assessment. Crypto col
Green deals ramping up silver ❤
The old argument wrt real rates no longer applies because the rate of debasement is far higher than the reputed real interest rate.
Thank You James ! 🤓
Hi Ho Silver away! 🐎
Silveeeeee
How will I get my first ton of silver or gold bought with this current price of eggs?
How many chickens can I buy with an ounce of gold?
How many eggs to sell to get an ounce of gold?
Which comes first, the egg or the gold?
Decisions, decisions!
What do I do?
Both
You can get just as many chickens with an ounce of gold as you could 500 years ago.
❤ SILVER & GOLD ❤......🤩🤩 RUN BABY RUN 🤩🤩
More like a ballon exploding.
balloon (spelling), not sure what you mean though
@@sdbullionballon (in dancing) the ability to appear effortlessly suspended while performing movements during a jump. 🎉🎉😂😂
Thanks James.....Lick a Morgan and pet your dog!
Dog passed away a year ago RIP, and I would never lick a dirty 90% Morgan
Algo comment
Silber wird 100% im dreistelligen Bereich liegen- nächsten 25 Monate 🎉
Dude, what did I say about playing the recording of the monster box winner? 😉 If it ain't me, let's move on.
🌎🗿™️
Black rock silver and silver viper worth a investment have a look
Anyone supporting black rock or it’s subsidiaries are supporting the elites who are globalists and want to own everything and for you to rent it from them. They are destroying personal ownership! Support for them is a direct disregard for HUMANITY!
I would NOT buy anything that is affiliated with black rock. They are trying to buy up everything to the point that the common person will not be able to afford to buy anything. They want to own everything and you own nothing and you will have to rent from them. This company is an elitist weapon for the destruction of PERSONAL OWNERSHIP!!
Nice job phamacist
Penant formation on Gold/Silver ratio and it is also a triangle. My target is below. Wave 1 at 30 to 120 =90 God knoa hoq lowi t qill go..just ask the Chinese.