SILVER decision time

Silver Fut fell 14% in 1 hour

Anyone aware why all of sudden crash in silver and gold… any back channel deals between US and Iran ? But US market also falling :roll_eyes: what’s going on

Up above the world so high, like a Silver :2nd_place_medal: in the sky :joy: up again to 4 lakhs+

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Anyone bought the dip. I plan to buy the dip long time. But couldn’t press the buy button :confounded:

May be today it etf is 10 percent lower. To the extent of 50 percent of qty i sold yesterday.

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Silver etf? No plans as of now. Was riding waves in Jan Silver Fut.

No. Futures.

jan expired right? How to rollover? Premium is very high.

What specific etf? Any idea why TATSILV is trading at huge discount(7% to iNAV last close) compared to peers?

Correct. In Jan, Feb Silver fut and March Gold Fut. First wave in Jan I was in Gold Feb fut.

Everything is for a reason. I don’t try to break my head on such things.
Also mcx silver is overpriced compared to dollar. Even there I won’t break my head to find out why. Price depends on demand and supply and i will respect that.

How is it overpriced though? It’s futures right. It’ll always trade at a premium.

USD price into exchange rate. This will give you price per ounce. One Troy ounce is 31.1 grams. So convert price per gram. Then multiple with 1000 grams to calculate cost of 1kg. Now am too lazy to proceed further to show calculation. Will use chat gpt. :grin:

After this value add interest at 7 to 8 percent per annum to adjust to future price.

Are you gonna press the button today?

I did at the top :sob:

Damn. We are clearly opposite to each other. May be we can trade with each other. Are you profitable overall? :thinking:

Overall this FY NIFTY yes. Commodities also huge yes. But if it drops another 10% or so, I may not be, unless I at least reduce my positions.

FOMO Investor yesterday silver buyer

Silver investor VS TV Anchor

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Then we shouldn’t trade against each other. :rofl::rofl:

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Why? I’m barely positive in NIFTY. I’m sure you’re hugely positive and silver is in LC :sob:

But still positive. So if i trade with you, then i will be in negative. I am having decent positive for now.