ProShares Ultra Silver (AGQ) Options

dont hear it much today, breaking above 32 silver is huge, it blasted off and held high 33s. rock on silver surfer

up 13.13% today. this is my fav silver Invesment next to physical...u go silver surfer.

Been hearing "charts don't matter" for 50 years on everything from soybeans to tulips but psychology has proven that charts always matter. Be happy that a spike to $50 (or more) is finally (it appears to me) upon us.

Charts don't matter when with a click of a mouse they can dump a billion dollars worth of SLV into the market.

I think you and I agree mostly but "cup and handle" chart formation suggests a massive move coming on silver.

Silver delivery contracts are set up to 1 year in advance. Once the deliveries are due. They have to be filled at contract prices.

If the delivery contracts were set 1 year ago, what was the price of the contract? How can a contract that was created at 28 dollars an ounce be filled when the price of silver is 37? Who takes that loss?

https://www.cmegroup.com/markets/metals/precious/silver.settlements.html

You can see that currently there are contracts being made for Dec of 2025 at a settle price of 33.16. When Dec of 2025 gets here and the contract needs to be filled, what happens if the price of silver is at 37 dollars? Or 50 dollars?

What tools do the bankers have at their disposal to control the price of silver prior to deliveries to lower the price of silver to the contracted price so it can be bought off the market and distributed to the contract holder?

Does SLV and GLD have anything to do with the pricing of silver or gold?
Can SLV and GLD be used to manipulate the price of the metals?
Who created SLV and GLD and why?
How much SLV and GLD is there?
How is SLV and GLD created?

If Sony creates a contract for 100 million ounces of silver on Sept 7th at 28 dollars per ounce of this year for delivery on Sept of 2025. The bankers need to buy the silver from the market in 1 year to fill the contract.

100,000,000 mil ounces X 28 dollars per ounce = 2.8 billion dollars.

If the price of silver appreciates to 37 dollars by Sept of 2025 the bankers will need to spend 100,000,000 X 37 = 3.7 billion dollars to buy the silver to fill the contract.

That almost a 1 billion dollar loss.

Who takes that loss?

How can that loss be prevented?

Why does the price of silver always go down just prior to delivery months?
Which months are delivery months?
What is the manipulation tool they use to SMASH the price of silver down to contracted prices?

What does a chart have to do with anything I am explaining?
Why has the price of silver been sideways for 20 years?

I will see you back here in 3 months.

This chart in gold shows that the breakout occurred long ago in gold.

$GOLD | Point & Figure Chart | StockCharts.com
https://stockcharts.com/freecharts/pnf.php?c=%24gold,p

This point figure chart shows a triple top breakout yesterday. A very bullish chart formation

$SILVER | Point & Figure Chart | StockCharts.com
https://stockcharts.com/freecharts/pnf.php?c=%24silver,p

I agree that they are manipulated but that is true in other sectors of the market as well. I believe we are going to have a weaker dollar and that will continue to contribute to metals appreciation.
I have used TA for 50 years and it has worked well for me. It has been especially helpful in defining the bull market in gold which has been ongoing. It is also signaling to me a monster up move in silver. $37 first, consolidation then test of $50.
I will see you back here in 3 months and we will see how accurate I am. Today silver closed at $31.63.

SLV and GLD are a manipulation tool that controls the prices of the metals. Technical analysis doesn't mean anything in a manipulated market.

The true prices of gold and silver should be significantly higher than they are now. And the reason they are not is due to market manipulation.

That manipulation will not top any time soon. Charts are meaningless.

I get mine from technical analysis.
The weakness in the dollar will contribute, the disparity in the good/silver ratio will contribute.
I was an investment advisor from 1974 to 2005. Not only metals but all forms of investments.
If you have been 20 years, you have done well. Gold is up 700% but silver is only up 400%. It has had spikes to $50 but has given up the ghost.
I believe both metals are in the midst of a bull market but silver's chart has just broken out of sn 11 year high whereas gold did it seclveral months ago.
We shall see if I am right, I am betting a hefty bet on it between agc, ag, nem, and several junior silver stocks.

Too funny.

I've been "waiting" for 20 years. How long have you been in the metal markets?

Do you have any idea what effect SLV and GLD have on the price of silver?
Do you know why silver has been sideways for 20 years?
Do you understand the pricing mechanism for silver and gold?
Do you understand what this page means?:

https://www.cmegroup.com/markets/metals/precious/silver.volume.html

Where do you get your information about silver and gold? Metal salesmen?

$GOLD | SharpCharts | StockCharts.com
https://stockcharts.com/sc3/ui/?s=%24GOLD&a=1789818879&p=M&yr=20&mn=3&dy=10&id=p12003808567


Gold has broken out to all time highs. Silver has not even tested 1980's high $50. It is so extremely undervalued compared to gold and it has industrialized use.
Tick tock

Wait.....

lol

Silver is about to breakout above $32.
$33 print will be a quadruple top breakout on point and figure chart. Blue skies. $50 by March which will translate to___ . ($80, 90?) Agq.

50 basis point interest rate cut from the Federal Reserve $AGQ

Its still heavily manipulated by banks

silver demand outstripped supply in 2023, for the fifth year in a row. The deficit was just over 142 million ounces. And the forecast for 2024 indicates that the annual production shortfall will nearly double to 265 million ounces. $AGQ

Precious Metals Are A Decentralized Alternative to Central Banking $AGQ

looking ahead heatmap, XAG 30 is up to bat.

https://www.cmegroup.com/tools-information/quikstrike/open-interest-heatmap.html

CME is not about physcal, its about synthetic futures and trades. silver very soon will do backwardation, then its game over while the hords try to get silver out of their contracts.

Pack10,


Another big drop....will be interesting what happens before May. Could be demand isnt strong and they are pushing those back ? Will be very interesting what happens to the last 11,000 something contracts for May.

https://www.cmegroup.com/markets/metals/precious/silver.volume.html

I wonder how much control they actually have this go around? The last two days this month could be very exciting!!

Pack10,




Seems the number of contracts are shrinking before May Is here...


https://www.cmegroup.com/markets/metals/precious/silver.volume.html

And to think we still got 12 trading days to go in April. We'll see what happens in these next twelve days, but I haven't changed my position.

At some point, barring any serious world event, we'll see huge dumping to fulfill these contracts which will lower the pps.

Pack10,




It got close yesterday before the smackdown. I think it was $29.77...I can't believe they let it go that far.

Ugh

add another zero on that next year. its about 2 years late, but im pretty sure this is the real deal about to happen, its a super cycle that comes around a couple times in a lifetime. we are in the last 6 years of the 30 year cycle on silver and gold, its at the optimism phase of the biggest up wave in the cycle. Silver should easily do 10x from here, and i am truly being super conservative, possibly 30x. hang on and watch, u will never see anything like it in your lifetime. I can prove it with data all day long but dont take my word for it, just watch.

Based on how silver has shot up since the first of this month I would say we have a very good chance of going higher. $28 / 30 seems obtainable.

It is only the 3rd of April and we have already reached $27+

Pack10,




Really think $30/ ounce ?

Not done yet!!! Here comes $30.00

Once again silver today is moving up!!! $27 oz by week end, or today?

Dollar didn't move much at all yesterday and the first half hour of trading was much higher? That was a mystery to me.
Again today , pre market it was higher than now. I sold into that market. Will it move higher, sure looks like it will to me, but
will it do it without the dollar going down? Free Range silver. What will make it go higher?

Red may know or have an idea. Maybe something as simple as nothing to hold it back and many buyers. The MANIPULATORS

Will silver keep moving higher ?



Maybe $26 spot price is coming ?

AlwaysRed,





I think the chart shows something but not what he thinks or wants others to believe. It's obvious the price is capped off and thats as far as they will let it go, at least for now.

But if silver gets to $22 I will back the truck up with AGQ again and do what I just did not too long ago !

Right now still waiting on a spike in silver if it gets over $25 again I will look at adding to my small position of ZSL. Not sure if we will get $26 silver, but still weeks before MAY

Metal salesmen selling metal. Charts don't matter in a manipulated market.

Interesting video...






Since it wait time for May deliveries, here is something to look at.....I do agree with the back the truck up if $22 or less happens...

Should move a little soon....




I think this flat line on silver price should move one way or the other in a few days if not sooner....

Pack10,


"As we been saying WE'LL see over the next 4 weeks or so. Could be a wild ride come May!!"


I think it will be very interesting until May.

I do think they have this capped at a certain price was it under $26 ? I wanted to build a position starting at $26 but couldn't help myself when silver spot spiked that day over $25.5 and I nibbled on some ZSL, at first I thought I was too early but it seems ok now after how this week ended.

We could brainstorm the possibilities........ will we be in a range bouncing up and down within maybe a $1 for next 4 weeks ?

You got it. Still many questions. When the fed announced rates, dollar went down, silver went racing higher.
Yesterday, dollar goes back up and silver goes down?
Maybe I should say Free range dollar. LOL

As we been saying WE'LL see over the next 4 weeks or so. Could be a wild ride come May!!

While silver is arguably the most undervalued commodity of all, it continues to be the most manipulated market as well.

Pack10,




What a change from the way yesterday ended and to how today went. It sure seemed like AGQ was going fly but instead it went the other way.

Waterfall chart today!! ZSL gains 6% today.

Thanks for a look back to last year.

Still learning, still have many questions, my limit order hit yesterday, sold half. Seems silver is in free range but watching pps today someone stepped in and
smashed the price down.
Going forward watching the dollar and May contracts.
Thanks for your expertise!!

Were Yellen's comments just noise!!

AlwaysRed,


"Remember this wont last. They have their finger on the button. But we are getting closer to short time."


Don't know if they will do like last year, they didn't bump it up the spot price of silver to $26 until the end of April beginning of May, but just before it did that it linger sideways for about a month, maybe they will do the same again ? Not sure where they will cap it off for a sideways movement if it does do that ?

A lot of positive on message boards and yt videos.....people getting excited but what does it do just let people down over and over....a lot of contracts in May.

I am proud of you guys. You are caught on. You understand.

https://www.marketwatch.com/livecoverage/fed-meeting-dow-futures-steady-ahead-of-monetary-policy-update/card/fed-maintains-forecast-of-three-rate-cuts-in-2024-E4DklW3cFdY12pqViYdZ?mod=home-page

Weaker dollar = higher metal prices.

Remember this wont last. They have their finger on the button. But we are getting closer to short time.

Today is Fed day. Will the Fed decision effect the dollar? Silver should trade higher, maybe 10% .

ZSL will become attractive if we see 27/28 silver. I'll buy in stages, three maybe four times.

GLTY

Pack10,



"We'll see what happens over the next couple of weeks. I thought silver would go to the $27 / 28 range as well."


It's still a while before MAY, I'm hoping your $27/28 is right I'm waiting for a better price on ZSL. Hoping another jump higher is coming soon.

Didn't think it was enough of a move to matter. World currencies are totally complicated, imo. Why and how they move up and down seems a mystery to me.

Thanks for your response. We'll see what happens over the next couple of weeks. I thought silver would go to the $27 / 28 range as well.