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Silver, Discussion
mullokintyre
post Posted: Sep 16 2020, 10:26 AM
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A most interesting take on the silver supply and demand price ratio.
From Voima gold

Every year the Silver Institute publishes silver supply and demand numbers that suggest the market is in a deficit or surplus, although there is no correlation between their “market balance” and the price of silver.
QUOTE
Investment decisions based on the Silver Institute’s supply and demand data can turn out badly.In a previous article we have discussed that gold trades more like a currency than a commodity. An approach of a gold market balance, which produces a surplus or deficit, is therefore not appropriate nor indicative of price direction. Because silver is both a monetary metal and an industrial commodity its supply and demand dynamics require special attention. My conclusion is that silver, just like gold, trades more like a currency than a commodity.

Silver Is a Currency
In ancient Sumer, roughly 5,000 years ago, silver was a unit of account, a medium of exchange for large purchases, and a store of value. Silver has been used as money in countless civilizations ever since. Because silver is durable and valuable very little gets lost. More than 90% of all silver ever mined is still above ground.

Since the 19th century silver is also being used for industrial applications. Currently, CPM Group estimates that half of all above ground silver is in industrial products, and the other half is in coins, jewelry, silverware and investment bars. The total above ground amount of silver For perishable commodities a market balance, calculated by subtracting demand from supply, is indicative of price direction. This is because annual production is far larger than above ground stocks. When wheat demand rises, wheat supply can’t be quickly expanded—as there are no vast stocks that can enter the market—and the price has to go up. The wheat market balance tells us if there is a surplus or deficit in the market that will either decrease or increase the price of wheat.For monetary metals, however, this approach is not suitable. The reason is the stock to flow ratio (STF), which is calculated by dividing above ground stocks by annual production. Silver’s STF is approximately 30. Annual silver mine production is 26,000 tonnes, and 800,000 tonnes of silver is in jewelry, coins and bars, which comprises the stock (at the right price this can enter the market as supply). For the sake of simplicity I choose not to count above ground silver that is in industrial products as stock.The above shows the difficulty for consultancy firms of presenting a market balance for what is chiefly a currency (monetary metal). My message is not that the Silver Institute’s reports are useless; they contain all sorts of valuable data. I’m just skeptical of any conclusion derived from a silver market balance—surplus or deficit. To me it makes more sense to focus on variables that also drive the price of gold—such as inflation, risk, and interest rates—to get a feel for silver sentiment.


The interesting point is that the supply of silver is huge if the price keeps going up.
At some price point, people holding silver in jewelry or investment form as ingots etc will bring it into the supply side.
The quoted supply demand figures are at best inaccurate, at worst downright misleading.
I had always simply looked at the published demand/supply figures to drive my investment.
Perhaps I have just been lucky in the past.
Mick




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mullokintyre
post Posted: Aug 31 2020, 09:08 AM
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Silver on the march again.
Was briefly above 28 early this A.m.
Just below it now.
Its leading ahead of gold for a change.
Mick



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early birds
post Posted: Jul 22 2020, 11:14 AM
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In Reply To: mullokintyre's post @ Jul 22 2020, 10:41 AM

wish you have more luck Mick.
i said long before [since GFC] i'm not focus on this sectors anymore. just try to translate something send to me by a fiend of mine whom worked at wall st for over 30 years. he seems king on this sector
not blame you guys does that as USA try to lead westen world to corner China, the physical war possibility is increased big time and money printing by all central banks are on the brink of our control
i focus on the other things like oil digital currencies and few other things .
hope you have good reward on this things!!



 
mullokintyre
post Posted: Jul 22 2020, 10:41 AM
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In Reply To: early birds's post @ Jul 22 2020, 10:21 AM

QUOTE
silver benefit from industrial use and expectation off oversea's inflation. expecting better than gold performance . but need to be cautious if the expectation of inflation going down then silver might underperform the gold!!


Silver is far more volatile than gild, but overall has underperformed gold for the last couple of years.
if you look at the gold/silver ratio chart, you can see that for the five years from early 2010 when it was 40, the ratio has doubled to 80's late last year, then in the early part of this year shot up to a peak of 120.
It is now back to the 80's level.
So silver could go higher if it was to revert to the long term trend of the mid 30's to mid 40's.
However, this recent meteroric rise is merely an opportunity to take profits as far as I am concerned.
I could be wrong, but hell, the profits in trading have been huge these past 18 months.
Mick




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early birds
post Posted: Jul 22 2020, 10:21 AM
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In Reply To: mullokintyre's post @ Jul 22 2020, 09:33 AM

http://finance.sina.com.cn/roll/2020-07-22...=none&tr=12

白银受益于工业品板块强势和海外通货膨胀预期,预计能继续获得比黄金更强的市场表现。需要注意的是,一旦海外通胀预期回落,白银将会跑输黄金。

================
silver benefit from industrial use and expectation off oversea's inflation. expecting better than gold performance . but need to be cautious if the expectation of inflation going down then silver might underperform the gold!!

hope it can help Mick!!




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mullokintyre
post Posted: Jul 22 2020, 09:33 AM
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What the hell is going on here?
Silver now sitting at $22.17!!!
Might have to take advantage of this craziness and offload some.
There will be a correction later on, when I can buy them back.
Mick



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mullokintyre
post Posted: Jul 21 2020, 10:22 PM
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Silver up by over a dollar to 20.95.
Not hanging around in that 20 dollar area to long.
US dollar tanking,
Just have to sit back and watch the action.
Have no idea where its all going.
Mick



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mullokintyre
post Posted: Jul 13 2020, 04:23 PM
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Silver back above 19.
The COTS just can't keep it down.
Keeps making higher highs and higher lows.
SVL and ARG both up big time.
Mick



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mullokintyre
post Posted: Jul 9 2020, 09:37 PM
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Silver has always been known for its antibacterial properties, but until recently no one actually knew the mechanism.
from Science daily

QUOTE
The antimicrobial properties of silver have been known for centuries. While it is still a mystery as to exactly how silver kills bacteria, University of Arkansas researchers have taken a step toward better understanding the process by looking at dynamics of proteins in live bacteria at the molecular level.

Traditionally, the antimicrobial effects of silver have been measured through bioassays, which compare the effect of a substance on a test organism against a standard, untreated preparation. While these methods are effective, they typically produce only snapshots in time, said Yong Wang, assistant professor of physics and an author of the study, published in the journal Applied and Environmental Microbiology.

Instead, Wang and his colleagues used an advanced imaging technique, called single-particle-tracking photoactivated localization microscopy, to watch and track a particular protein found in E. coli bacteria over time. Researchers were surprised to find that silver ions actually sped up the dynamics of the protein, opposite of what they thought would happen. "It is known that silver ions can suppress and kill bacteria; we thus expected that everything slowed down in the bacteria when treated with silver. But, surprisingly, we found that the dynamics of this protein became faster."

The researchers observed that silver ions were causing paired strands of DNA in the bacteria to separate, and the binding between the protein and the DNA to weaken. "Then the faster dynamics of the proteins caused by silver can be understood," said Wang. "When the protein is bound to the DNA, it moves slowly together with the DNA, which is a huge molecule in the bacteria. In contrast, when treated with silver, the proteins fall off from the DNA, moving by themselves and thus faster."

The observation of DNA separation caused by silver ions came from earlier work that Wang and colleagues had done with bent DNA. Their approach, now patent pending, was to put strain on DNA strands by bending them, thus making them more susceptible to interactions with other chemicals, including silver ions.

The National Science Foundation-funded study validated the idea of investigating the dynamics of single proteins in live bacteria, said Wang, an approach that could help researchers understand the real-time responses of bacteria to silver nanoparticles, which have been proposed for fighting against so-called "superbugs" that are resistant to commonly prescribed antibiotics.

"What we want to do eventually is to use the new knowledge generated from this project to make better antibiotics based on silver nanoparticles," said Wang.

All we need now is for someone to find a way for the silver ions to interfere with a Virus - particularly COVID 19.
Some work in this area has already been undertaken. see Antiviral Properties of Silver Nanoparticles on a Magnetic Hybrid Colloidquote]

QUOTE
Silver nanoparticles (AgNPs) are considered to be a potentially useful tool for controlling various pathogens. However, there are concerns about the release of AgNPs into environmental media, as they may generate adverse human health and ecological effects. In this study, we developed and evaluated a novel micrometer-sized magnetic hybrid colloid (MHC) decorated with variously sized AgNPs (AgNP-MHCs). After being applied for disinfection, these particles can be easily recovered from environmental media using their magnetic properties and remain effective for inactivating viral pathogens. We evaluated the efficacy of AgNP-MHCs for inactivating bacteriophage ϕX174, murine norovirus (MNV), and adenovirus serotype 2 (AdV2). These target viruses were exposed to AgNP-MHCs for 1, 3, and 6 h at 25°C and then analyzed by plaque assay and real-time TaqMan PCR. The AgNP-MHCs were exposed to a wide range of pH levels and to tap and surface water to assess their antiviral effects under different environmental conditions. Among the three types of AgNP-MHCs tested, Ag30-MHCs displayed the highest efficacy for inactivating the viruses. The ϕX174 and MNV were reduced by more than 2 log10 after exposure to 4.6 × 109 Ag30-MHCs/ml for 1 h. These results indicated that the AgNP-MHCs could be used to inactivate viral pathogens with minimum chance of potential release into environment.

Mick



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mullokintyre
post Posted: Jul 9 2020, 08:55 AM
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Silver approaching USD19 again.
Should be a good day for anything that has silver attached to it.
Bet those manuka shares rocket when they list Nip, pity you missed them.
Mick



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