re: Silver Bugs thread: Silver up 12% for the week on Black Friday started the journey

Refinery bottlenecks further crushing supply

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Will the Venezuelan news have any effect on prices or nah?

Didn’t save it but I read a post on X this morning while I was in the deer stand and it showed a confirmation from Grok that a bunch of silver had been shipped out of Venezuela to China & Russia recently before we took out Maduro. They were celebrating that the bankers wouldn’t be getting it.

Seems to me like if we had confiscated any it would have gone into the sovereign wealth fund or government funds and not to the bankers anyway.





More importantly heads up, Asian Guy is saying he has sources from the big banks that there will be a major forced sell off starting this coming Thursday and going through next Wed (1/8-14) that will cause a big price drop to the COMEX spot.


Fundamentals haven’t changed however so it should recover and go to new highs afterwards later in January to February.


I managed to find some dry powder so I’m going to wait until Friday or early next week and try to buy the dip.

Not Financial Advice

AG:

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From the comments

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Grok on beginning of year commodities index rebalancing when I prompted it:

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The **Bloomberg Commodity Index (BCOM)**, a major benchmark tracked by around $109 billion in assets, undergoes its annual rebalancing in **early January** each year. This process adjusts commodity weights based on production, liquidity, and performance from the prior year. For **2026**, silver's current weighting in the index has risen to about **9%** due to its strong outperformance in recent years (including massive gains in 2025). However, the target weighting for 2026 is just under **4%**. ### Key Details on the Rebalancing - **Rebalancing period**: Typically a five-day roll window, occurring from approximately **January 8 to January 14, 2026** (exact dates can vary slightly based on trading days). - **Impact on silver**: Index-tracking funds will need to sell silver futures contracts to align with the lower target weight. Estimates from analysts (including TD Securities and JPMorgan) suggest this could involve forced selling of **over $5 billion** in silver futures, equivalent to roughly **9–13%** of total open interest on the Comex silver market. - **Price implications**: This technical selling pressure often creates short-term downward volatility, especially in lower-liquidity post-holiday periods. Analysts have warned of potential "dramatic repricing lower" for silver, with greater impact expected this year compared to prior rebalancings due to silver's outsized gains. Similar (but less severe) selling is anticipated for gold. Other major commodity indices like the **S&P GSCI** also rebalance annually in January (often overlapping the same window), but the BCOM adjustment is the primary driver highlighted for significant silver selling pressure in 2026. This is a mechanical, flow-driven event rather than a reflection of changing fundamentals, and historical patterns show price impacts often fade by late January once the flows are absorbed. Silver's long-term outlook remains supported by industrial demand and supply deficits, but traders should monitor volatility around mid-January.

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Be cool if the $70 range was the new floor

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Be cool if the $70 range was the new floor

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$70 has been a full tilt firewall during the previous rigging sessions to end 2025.

If JPMC dumps as much paper silver as AI baw talks about it may not hold but at that point the paper market may finally lose the last bit of confidence. I'm headed to my favorite coin shop in the 512 to see if they have moved to SHFE or are still using the KITCO/CME price.

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Should I dump those 35 shares of ET and buy more SLV shares?

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If you are going to buy an ETF that is supposed to get you exposure to silver at least get PSLV from Sprott. They are at least a trustworthy custodian where SLV has JPMC aka the biggest crooks in the world as custodian.

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I have 35 shares of Energy Transfer (ET)

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I have ET and love it. Got in aboot $13. Dripping the divvy and one day, my daughter will own ET.

I bought 1000 PSLV today.

Edited to put the right symbol.

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Be cool if the $70 range was the new floor

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I take that back.

Be cool if Silver goosed past $100 and never looked back.