Q SLV but didn't hit my price, try again tonight

Awaiting the us fed to reduce their interest rate.

so many forecasts that silver will spring to $38 to catch up on gold.

let's see if it can break $35 next week.

buy physical silver if u can!

silver squeeze 2.0 on monday 31 march:
https://www.kitco.com/opinion/2025-03-25/ma...nks-hold-silver

https://worldofbuzz.com/influencer-casually...or-showing-off/

Date $/oz RM/g RM/$

29.03.25 3085 440.22 4.437 (trade tensions mount with apr 2 tariffs approaching; gold price record high $3086/oz, RM440/g)
20.03.25 3050 435.10 4.436 (fed rates unchanged, sees 2 rate cuts this year; US 10 yr yield drops to 4.246%; gold new high $3052/oz)
18.03.25 3015 430.80 4.443 (US airstrikes in yemen; US-Iran tensions; gold new record price $3015/oz, RM430.80/g)
11.03.25 2887 411.20 4.430 (retreat of US-EU equity markets; fed adopts "wait & see" for rate cuts; trump tariffs on china commence)
11.02.25 2919 419.60 4.458 (new trump tariffs on steel, aluminum; gold new high $2921/oz, RM419.8/g)
04.02.25 2817 403.70 4.456 (gold price hit new record high $2830/oz, RM407/g; tariffs on mexico, canada paused 1mth)
21.01.25 2722 392.00 4.477 (Trump2.0 inauguration, markets bracing for tariffs, bond yields falling, $ weakens)
10.01.25 2670 386.00 4.495 ("trump" inflation fears; china central bank continues buying bullion; incr in gold ETFs buying)
19.12.24 2603 376.90 4.503 (fed rate cut 25bps, signals slow down in 2025 cuts; DXY 108.1; carnage in disappointed equity markets)
08.11.24 2700 380.80 4.385 (fed rate cut 25bps)
07.11.24 2662 378.62 4.422 (trump win aftermath)

$3100, 3125 next.

gold shops have just incr 999.9 price to RM500/g.

good read:
Gold's Glittering Warning: When Global Tensions Reshape Economic Landscapes
https://www.kitco.com/opinion/2025-03-28/go...omic-landscapes
Malaysia's external balance faces headwinds, threatening ringgit — ANZ
https://theedgemalaysia.com/node/749714

An assassination was attempted on President Putin.

Gold may fly higher in pricing out of fear of war.

Source: DeccanHerald (URL: /world/assassination-attempt-on-putin-limousine-believed-to-be-among-russian-presidents-official-cars-explodes-3469399)

This post has been edited by Hastebreak: Mar 30 2025, 02:56 PM

Silver is relatively cheap, so it's gonna be quite some bars to lug home. Good things is thief won't be able to move much value 😙

Managed to buy some SLV 👍

Speculation of assasination.
Selamat hari raya pudin.

most silver bugs hv cried silver is the most depressed precious metal ever.

for every 1kg physical silver, there are like 370kg traded as paper silver.

the good news is becos the price isn't high, there's no reason to mine more quickly.

but as industrial use of silver in solar panels, EV, etc. incr, this will bring some balance eventually.

gold price:silver price ratio was about 10:1 some 40 years ago; now, it's 90.

u can buy 11g of gold or 1 kg of silver for the same money!

also, past records show silver is capable of spiking much higher than gold when it does.

so, let's hope it will eventually break $35, then onwards to 40, 50, 100...

This post has been edited by AVFAN: Mar 30 2025, 05:48 PM

if u have the time, watch these 2 long videos, highly educational, to me.

this analyst/trader shares a lot about the basics, the macro stuff, then the micro, the tech analytics.
key point: gold is at the start of current elliot wave3, forecast to hit 3100, dip with wave4 and then onwards to 3300 at wave5.
Where’s GOLD Headed in 2025?
https://www.youtube.com/watch?v=d9Q689pyVbs

comments from a veteran. he thinks the $ will be hugely depreciated in the next 10 years due to $37tril debt + >$100tril off balance sheet liabilities.
fiat currencies will all go down, depreciate. assuming RM remain stable to $, this guy is basically saying yr RM10 chicken rice rice will cost RM40 in 2035.
Why Gold Price Is Going MUCH Higher & Your Dollars Will Be Worth 75% LESS
https://www.youtube.com/watch?v=AV1GX_q7eSg

This post has been edited by AVFAN: Mar 30 2025, 06:24 PM

also for same value of investment, silver is so so heavy... how to keep 1 kg worth of gold in the form of silver, which is like 90kg...
have to be in paper form i guess.

v true... u can hide 1kg gold in yr home or keep at bank safe deposit box.

but how do u keep 90 kg of silver?!!

this is probably the reason BOE/LMBA allows no restrictions to hv 370x paper silver to be traded.

every time the price of silver rises a bit, a ton of shorts from jpmorgan, ubs will arrive to press it down... they win, make big money.

the unraveling will only come when the miners mine little + industrial uses incr big + investors/jewelers buy more physical silver.

central banks buy a lot of gold, not silver.

silversqueeze2.0 tmr will likely yield little results... may need to wait a couple more years.

while gold runs off to $3500?

$3,103.80 HIGH

I am expecting 3200 this week once china finish their long holiday

I see it hitting 3125 resistance, take a dip before running up again.

How will it perform during US day time?
I wish they just push it uuuuuuu.

gold encountered resistance at 3125-6.

will likely go sideways or dip a bit for 2-3 days.

the last 3 dips, it took only 3-4 days each time to run up again as bulls rushed in during dips.

most analysts & traders now point to 3300 by may-jun, 3500 by year end.

current sentiments are largely based on:

1. ukraine war/middle east tensions
2. trump tariffs/trade wars
3. central banks buying

until one or more of these narratives are no longer valid, i think we can expect gold to stay on course... 3500, 3800, 4000?!

one of the hot topics in the social media
India discontinued parts of its gold monetization scheme

U mean the gold sovereignty investment scheme?

total mess.