Silver bullion price, What is going on

Housebear51

On the 24hr gold site it shows silver halved and fell all the way down to about 6 or 7 quid. Then doubled and bounced up again.

What the hell is going on.

How the hell can they get away with this, half the price buy like crazy then when everyone else notices put the price back.

Where the hell are the regulators?:mad:

turbobob

Have you checked that the data source is right? Doesn't look like the price halved to me?

Housebear51

Its still showing the drop. 24hgold.com

Something is very wrong the 5 day silver GBP chart is flat but the longer term charts show the big drop today then back up.

snowqueen555

where do you buy your silver?

Housebear51

I try and buy 2nd hand in the private market because there is no vat.

citykid5

Housebear51 wrote: »

I try and buy 2nd hand in the private market because there is no vat.

have you tryed bullion vault?? that way you can take advantage of the fluctuations?

turbobob

Housebear51 wrote: »

Its still showing the drop. 24hgold.com

Something is very wrong the 5 day silver GBP chart is flat but the longer term charts show the big drop today then back up.

Looks like a data glitch to me.

Housebear51

Lots of people talking about it on another forum, is it real?

www. 24hgold.com/english/interactive_chart.aspx?cmp1=SILVER&cmp2=GOLD&title=SILVER+/+GOLD

Housebear51

http://www.24hgold.com/english/interactive_chart.aspx?cmp1=SILVER&cmp2=GOLD&title=SILVER+/+GOLD

turbobob

Housebear51 wrote: »

http://www.24hgold.com/english/interactive_chart.aspx?cmp1=SILVER&cmp2=GOLD&title=SILVER+/+GOLD

If you adjust the scale to 1 month, you can hover the mouse over each point and see that yesterdays closing price was dramatically lower than the previous days price. Also todays open was similar to yesterdays close. I could see the same thing on the silver spot price chart (on that site). It doesn't look right, doesn't appear on any other source, or that sites own intraday charts.

Try this (under currency choose XAG/USD for silver) - http://www.fxstreet.com/rates-charts/live-charts/ It shows todays low as $17.4480

Housebear51

citykid5 wrote: »

have you tryed bullion vault?? that way you can take advantage of the fluctuations?

Trouble is its a different market to real silver bullion.

There are 2 markets the paper and the real.

Supply of paper is plentiful. Demand is going down.

Supply of real silver is scarce. Demand is a lot.