ProShares UltraShort Silver (ZSL) Options

Good call on the reverse split!! I give credit when due!!

i think we should be. with our newly elected president it will be hard for silver to sustain these levels.

Anyone else buying ZSL ?


I got a little yesterday....or is it silver to mid 30s and beyond ?

3 years? We'll see a reverse split in a year spike and then decend over a decent period of time again

Thanks Red. That is just what I was thinking. Means May will be a so,so month. June, will be another repeat of April. I'm sticking with my price target and still feel it could be a bit lower come June. 100 million of real silver,

No bank is safe, implosion coming: 'Every single bank is insolvent' — Lynette Zang https://kitco.com/news/article/2024-04-08/no-bank-safe-implosion-coming-every-single-bank-insolvent-lynette-zang $ZSL

I am glad that you guys are now watching and paying attention. I have been watching these for nearly 10 years. You guys are surprised that they are moving contracts forward, but they do this every other month like clockwork. I am sure they leave the actual physical deliveries for last.

We'll see how this plays out for the rest of the month. Maybe this is the time that they let the SLV price rise a little. Maybe the new range will be 25-30. I do not know. But one thing I am certain of, they are in control of the price and will not let it get out of control.

Wherever they want the price, that is where it will be.

They have not been using much in terms of contracts to smash the price lower:

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

The last real volume was on the 12th and it has been going down since. And the open interest line is falling.

Perhaps this down move won't be as large as usual. All we can do is watch and try to figure out what the channel will be. They may still smash it down. But as you say, there are not many contracts left to fill for May. 750x5000=3,750,000 ounces at 26.50 = 99,375,000 dollars worth of silver. So we are still at 100 million dollars worth of silver that needs to be delivered for May.

Pack10,




Down to 750 contracts for May, sure worked them down.....don't think a lot were delivered.

They seem to move these contracts around. Pushing them back then bringing them forward. Or, do they just put in contracts to push the price down.


whatever the situation I think the price of silver will continue to slide down to meet the price. Seems 24.50 would be about right. Your thoughts?
Wouldn't think much higher but could be lower for sure.

Pack10,



They got it just under 2700 contracts left, they did deliver a little more than 2500 yesterday. Let's see how they do for the month.


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

My opinion, silver needs to drop about $2 more. Demand hasn't been near as strong since the Ev reality has set in.

we could be 3 years out for real demand to pressure supply.

Pack10,


One more big drop like yesterday and what will the contracts mean ?

Does mean there wasn't really any serious demand for silver to be delivered ?

I seem to recall a movie where they were sayings; IT"S COMPLICATED!!
From what I gathered you suggest the CME might just produce paper without having the actual silver. That would seem to go against the rules.
These silver manipulators have moved, smashed if you will, the contracts before their due date. So the question to me seems what will May bring us in the form
of these contracts. The price should go down I would think.

later

Alwayred,



They knocked it down some more it's a little over 11,000 now. Maybe they will have that down to near nothing before May.

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

A few things here.

1) They have the entire month of May to fill the May contracts. I believe they are due when the contract was created in May of last year.
2) I believe that a lot of the contracts you see moving forward are fictitious. I don't think that they were ever created to really be delivered. I think it is simply a paper/digit game they play. Kicking the can down the road.
3) I believe that a lot of the contracts moving forward are contracts that were created, but the companies do not need delivery because the economy sucks. The demand for silver is low.

So I think the remaining contracts after all the moving, are actual PHYSICAL contracts. They leave those for LAST!

So let's look at the numbers where we stand now.

19,976 contracts left for May as of now. 124,766 moved to July now.

So 19,976 contracts x 5000 ounces per contract = 99,880,000 ounces of physical silver.

99,880,000 ounces X 27 dollars = 2,696,760,000. So 2.5 BILLION dollars worth of silver at 27 bucks.

Again if the contract was created at 23 1 year ago (And I'm not sure what the settle prices were from 1 year ago) that is a 4 dollar difference.

99,880,000 ounces x 4 dollar difference = $399,520,000

So if the contracts were settled at 23 and they have to buy at 27 to fill physical contracts they have a 400 million dollar loss.

So I believe that throughout the month of May the price of silver will go down until all those contracts clear out.

The actual physical contracts that need to be delivered are left for last.

Sure dropping the numbers down....




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


How does one read this ? Are they just moving contracts out because demand isnt that strong ? And at this rate will there be much when May comes around in a few days ?

Oh man what happen? Lost 33% still will be single soon

Isn't that just the way it is. Sure it's different, but that doesn't mean we're going the see the huge changes like they think. The biggest banks in the world
hold physical and manipulate these contracts. I don't see them willing to loss BILLIONS!!!!! Which is why we've seen the huge smash yesterday!!

Bix Weir is the closest, but he sold out. He sells metal. He knows the game. He just won't admit it. Because he has interests in profits.

You can't trust metal salesmen. If there is a gold ad, or the interviewer directs you to a metal salesman they are controlled one way or another. You have to understand the system and think critically. When profits are involved it becomes complicated. Even the good guys want their profits.

Bix Weir understands how they are using the SLV futures market to control the price of silver. That is the most important thing to learn. NONE of the other metal salesmen talk about that even. That is why I started posting on the SLV board. Because that is the tool they use to control the price of silver. SLV is simply digits. The more SLV there is dumped into the market the lower the price of silver goes. The market does not know the difference. SLV, silver, same thing. The market can't tell the difference. But they have unlimited amounts of SLV they can create. And that is how they control the market. SLV is the answer. And SLV future contracts. Contracts are legally binding.

You don't find many people talking about this because you can't sell metal if people understood how it was controlled. Why stack physical if the price of physical is controlled by digits? You can't teach that or you won't sell metal.

The metal salesman's goal is to sell metal. By any means necessary. And calling the dollar fiat is one of the ways they sell metal. People do NOT understand what the dollar is. But they believe that it is fiat because metal salesmen tell them so. The dollar is 100% backed by treasuries, oil and collateralization.

For those reasons you do not hear about it. One, they can't sell metal if the truth is know. And second, ignorance.

Alwaysred,




Are there any YT poster who agree with your view ? If so, who are they, so I can watch them. TIA

$ 30 within reach ?

This guy thinks it's different time..


But he been saying for a while...

Never mind can't get it to load.

The video doesn't work......

I was wondering what you thought




Of that Ted Speaks guy ? Is he another silver salesman ?

Error

I thought I seen them all...


But this silver dude has been loading up on my YT as of last month or so....What you think of him ?






Video won't load its this Ted Speak guy posting on YT about China exchange on silver is $2 higher and they could just buy silver here and get it $2 cheaper.....I guess he thinks that is going change things.

I thought I seen them all...


But this silver dude has been loading up on my YT as of last month or so....What you think of him ?

AlwaysRed,



"I am eying 20 dollars for ZSL. I'm happy with that. 13-20"

I hope you are right.

I am eying 20 dollars for ZSL. I'm happy with that. 13-20

And shorting AGQ right now at 35 down to 25:

https://ih.advfn.com/stock-market/AMEX/proshares-ultra-silver-AGQ/chart/real-time

35-25 AGQ
13-20 ZSL

I don't need exact tops or bottoms. I just need the thick juicy middles.

However, you can buy a LOT more shared of ZSL right now than AGQ. So there is a much larger profit there.

AlwaysRed,




If silver goes to say $28 and ZSL is about $13 when silver is $28...then if silver goes down to $22.5 then doing 2X would yield about a little over $18....is this math correct ?

It's kind of what AGQ is experiencing now even though silver is near $28 AGQ has yet to reach it's 52 week high and that was set when silver was barely over $26 about a year ago.

We'll see.

I don't really care about the 10% on either end of the play.

I care about the 80% in the middle ;)

AlwaysRed,



"No matter what, we are closer to the bottom than the top.

Say you buy 5000 shares x 14 dollars = 70,000
The price of ZSL goes to 22 dollars

5000 x 22 + 110,000

40K baby"


Not sure we will see 22 for ZSL, look at the price of ZSL now and calculate what it would be if silver hits about to $23 or $22 dollars....we be lucky to see ZSL get to $20 since silver has risen this high.

So closer to the peaks is important, if silver spikes up another $1 before turning the other way, then I don't think ZSL will get past $19 if silver goes to $23/ounce.

Pack10,



"Still trying to figure out what the CME is telling me? "


Good question, I don't understand it either completely. Like I see this morning 3000 something contacts removed from May, is it demand for it won't be here and it had to me move out for a later date ? Or was it contracts that they used to control the price and it's like a phantom number they just move around to give appearance for some purpose ? How many contracts(ounces) are actually delivered ?

Patience and time, EXACTLY!!! Throw in a bit of timing and you'll do well.

Still trying to figure out what the CME is telling me? This month has been somewhat of a surprise so far. I'm averaging in.

later

No matter what, we are closer to the bottom than the top.

Say you buy 5000 shares x 14 dollars = 70,000
The price of ZSL goes to 22 dollars

5000 x 22 + 110,000

40K baby.

People have no idea how much money can be made playing silver correctly.

It takes patience and time. But you can make really good money in a year if you participate in all the delivery month flips.

you're reading my mind again!! I bought some yesterday, got one buy at 13.91. I think I'll put in another order around that price.

We got 25 days to go. Manipulators are working the market now. As we talked about come May!!

Pack10,



It's tough timing the peaks, I thought $26 was going be about it, now $28 might be possible. Could it be like last year where one final push before drop in May ?


I have plenty of ammo, will be looking for that late push up on silver....trying not to get too much early.

I believe we might have hit a wall so to speak. But, it is only the 4th of April.

time for a carefully place limit order, imo.

What could possibly make the price of silver go up when the price is controlled by SLV futures?

Silver goes up, this should be in single digits

Well you said 60 by year end on 7/25 of this year. So their incorrect prediction is less wrong than your prediction.

My prediction is by mid 24 - 25 the price of silver will be between 22 and 28 dollars per ounce.

You got BB 2050. Who would consider an investment out to 2050?
I take note of your disclaimer!! Good advice

Nothing I say, post, or do should ever be considered financial advice.

$ZSL up then falls down violently

"The price of silver will move to our first bullish target in 2024 which is $34.70. We predict $48 to be hit either by mid-2024 or mid-2025." $ZSL https://investinghaven.com/forecasts/silver-price-forecast-2024/

Solar Energy Production Could Require Most of the Global Silver Reserves by 2050
https://schiffgold.com/key-gold-news/solar-energy-production-could-require-most-of-the-global-silver-reserves-by-2050/ $ZSL

The solar part of this equation is small compared to the EV industry. The Ev part is down. Anyone who wanted an Ev has bought one, the rest
aren't even slightly interested.
The miners are all ramping up product for 2024. this will keep the price of silver low, maybe very low!!

Ron DeSantis fumes about fiat currency 'problems', stops short of backing return to Gold Standard https://ground.news/article/ron-desantis-fumes-about-fiat-currency-problems-stops-short-of-backing-return-to-gold-standard $ZSL

$ZSL Solar Energy Production Could Require Most of the Global Silver Reserves by 2050
https://schiffgold.com/key-gold-news/solar-energy-production-could-require-most-of-the-global-silver-reserves-by-2050/

Here is the chart RSI above 50 past few days just getting started with the move up.

https://www.barchart.com/etfs-funds/quotes/ZSL/technical-chart?plot=CANDLE&volume=total&data=I:5&density=L&pricesOn=1&asPctChange=0&logscale=0&im=5&indicators=BBANDS(20,2);SMA(20);SMA(50);SMA(100);SMA(200);ACCUM;AROONOSC(25);ATR(14);CHKMF(20);STOFA(14,3);MFI(14,100);MACD(12,26,9);RSI(14,100);TRIX(3.3);ADXMOD(14);AROON(25)&sym=ZSL&grid=1&height=210&studyheight=100