Silver Editorials & Commentary

Read the latest silver market commentary, editorials, essays and reports about investments and trends in the silver market and the economy in general.

 

September 24, 2024

The markets are cheering that the Federal Reserve is once again back to lowering interests rates, and at a faster than expected pace.

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September 23, 2024

Since the beginning of the year, Bitcoin is up by more than 52%. While prices have been strongly trending higher during the first few months, the Bitcoin rally has stalled out since mid of March. Significant milestones, such as the approval of Bitcoin ETFs and the...

With Claudia Scheinbaum getting set to take over for AMLO in Mexico, David Morgan checks in with an update on the latest news regarding the mining law changes in Mexico.

September 21, 2024

Talking heads and politicians laud the “resilience” of American consumers. They managed to keep spending despite rapidly rising prices thanks to post-pandemic price inflation.

Our long term stocks/bond model remains in favor of equities over bonds. Trend is up. Cycle is up. Caution is advised.

Silver is on a long term BUY signal. Cycle is up. Trend is up. Caution is now advised.

September 20, 2024

Jerome Powell says the economy is in “solid shape.” Jerome Powell says inflation is still elevated. Jerome Powell says he doesn’t see a recession risk.

September 19, 2024

Silver is Bullish and the key resistance levels are $32 and $35. Don’t expect $50 to come into play until the second half of 2025.

September 18, 2024

Retail sales beat expectations in August, rising by 0.1 percent month-on-month. You might assume this means American consumers did better this month than last month. A deeper look into the context of these numbers offers another perspective.

September 17, 2024

I would be watching your positions in silver over the coming week or two, as one more decline can still take shape before we are ready for the major break out.

After Congress passed a bill to establish the first national bank -- a forerunner of the modern Federal Reserve -- President George Washington asked Attorney General Edmund Randolph to prepare an opinion on the bill’s constitutionality. Randolph came down firmly...

As we near what is widely expected to be the beginning of the Fed's interest rate cutting cycle (with the futures markets now pricing in a 65% probability of a 50 basis point cut on Wednesday), Goldman Sachs just put out a report on why they now expect silver to...

September 16, 2024

Silver exploded higher last week, gaining nearly $3/oz (over 10%). Despite the big move, the ratio of the gold price to the silver price is still around 84 to 1. The long-term average for the gold/silver ratio is under 50, but it has been ranging well above that...

An old Sunday school story may be the best metaphor for the risks of today's high paper-to-silver ratio. Let me take you back to the Old West, New Mexico specifically.

September 14, 2024

In a year of massive deficits, the Biden administration ran the biggest deficit of the year in August. Meanwhile, interest on the national debt eclipsed $1 trillion for the first time.

Our long term stocks/bond model remains in favor of equities over bonds. Trend is down. Cycle is up. Caution is advised.

Our cycle indicator is UP. Trend is up. Waiting for set ups.

September 12, 2024

Last week, Metals Focus attended the China Silver and Photovoltaic Industry Chain Seminar in Wuxi. During this event, our research consultant, Elvis Chou, presented on the outlook for the silver market, including the photovoltaic (PV) sector.

In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey dives deep into pattern recognition and its crucial role in both ice hockey and investing. 

But what actually caused that move? And is it possible that those same conditions could occur again in the future? Silver analyst Craig Hemke of the TF Metals Report shares a review of what happened, and whether it could happen again.

September 11, 2024

One of the best tips anyone can offer when it comes to investing in physical bullion is to choose your dealer well. The wrong choice can mean a total loss for clients who are caught as an unreputable dealer took their money and disappeared before delivering their...

Despite ridiculously high interest rates, Americans can’t seem to put their credit cards away. That’s probably because their savings are gone. They have to make ends meet somehow.

September 10, 2024

The Federal Reserve boasts of its data dependence. But what if it’s relying on bad data? Even worse, what if it’s plugging that bad data into a faulty model?

September 9, 2024

The labor market is seizing up, job openings are down, layoff have surged, and the unemployment rate is ticking higher. The next (and Rafi Farber believes final) bust is only months away now, and it will coincide with a plumbing problem deep in the monetary sewers...

September 7, 2024

Gold has been on quite a bull run this year, but silver has lagged. The wide gold-silver ratio tells us that silver is historically underpriced compared to gold, and it’s clear that the white metal isn’t priced for the supply and demand dynamics.

Our long term stocks/bond model remains in favor of equities over bonds. Trend is down. Cycle is down. Caution is advised

Our cycle indicator is DOWN. Current data suggests overall lower silver prices. Cycle is down. Trend is down. We are neutral.

September 6, 2024

At this point, most silver investors have heard that the Silver Institute reports the market being in a deficit over the past 5 years. And while the price is higher this year, we're still on track for another deficit. Which has left investors wondering when we're...

September 5, 2024

While the silver price has finally risen this year, at one point trading as high as $32.74, what also continues to rise is the cost of mining silver.

September 4, 2024

We have seen metals decline during a strong inflationary period in 2022, wherein most were expecting it to rally alongside inflation.  We have seen metals rally alongside the US Dollar, when most were expecting it to move in the opposite direction to the dollar. ...

Gold demand in China has been strong this year, reflecting a broader movement of the yellow metal from the West to the East. But the Chinese aren’t just accumulating gold. They have also been hoarding silver in recent months.

August 31, 2024

Current data suggests overall lower silver prices. Cycle is down. Trend is up. We are neutral.

Our long term stocks/bond model remains in favor of equities over bonds. Trend is up. Cycle is up.

August 30, 2024

Last Friday, United States Federal Reserve Chair Jerome Powell said “the time has come” to begin lowering interest rates, a process that will likely begin at the Fed’s Sept. 17-18 meeting.

Kamala Harris blames grocery store profits for price inflation. She has even floated a plan to prohibit food “price gouging” that sounds a lot like price controls.

Silver is an important element in the quest to save dying honey bee colonies, according to the latest edition of the Silver Institute's Silver News.

August 29, 2024

In the early 20th century, a revolution in personal transportation was about to change the world. The year was 1908, and Henry Ford had just unveiled his Model T, a car that would put America on wheels and spark an industrial transformation unlike any seen before....

August 28, 2024

There has been quite a bit of pushback against governments and central banks around the world as they seek to introduce central bank digital currencies. But in the scramble to block CBDCs, some people seem to have forgotten that there is a more fundamental problem:...

India recently reduced their gold and silver import taxes. Which is already having an effect on local demand.

August 27, 2024

Federal Reserve Chairman Jerome Powell gave the clearest indication yet that more inflation is in the pipeline during his Jackson Hole Speech on Friday.

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Most silver is produced as a byproduct of copper, gold, lead and zinc refining.

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