Silver Editorials & Commentary

The Federal Reserve is losing over $1 billion every week and you're on the hook. Since September 2022, the central bank has reported losses of around $176.4 billion. If it were a real company, it would be considered bankrupt. 

Gold and silver have sold off over the past week. But while that's happened, JP Morgan has just published a new report recommending to buy the metals on the dip.

After getting back above the $30 level again last week, the silver price sold off on Friday. And has continued selling off again today.

Donald Trump recently promised that, if he wins the November election, he will support eliminating taxes on tips as part of his proposal to renew and expand the 2017 tax cuts. This tax law change would be a long overdue boost for millions of Americans.

You've probably heard the phrase, "Go for the gold!" Well, in hockey, they do things a little differently. It's "Go for the silver!"

Back in May we heard that the Bank of Japan spent $62B defending the yen. It didn't work too well, with the yen right back at 34 years lows and threatening to break them any minute now, perhaps by the time you're watching this. Speaking of $62B, this week we heard...

While we don't know exactly how the rising US debt will ultimately be resolved, or what the potential usage and impact of the BRICS' 'Unit' plans may end up being, we can see the world is changing.

Our cycle indicator is now DOWN. Current data favors overall lower silver prices.

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

During the Great Depression, both silver (1931) and the Dow (1932) reached a significant low. Both have rallied significantly since then. However, the structure of the rallies was very different.

It's starting to get difficult for the most optimistic cheerleader to pretend this economy is "robust." We got more evidence today that the American consumer is tapped out.

The French markets endured a brutal selloff on Friday, that left bonds and bank stocks sharply lower.

Our cycle indicator is now DOWN. Current data favors overall lower silver prices.

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

The petrodollar quietly died this week. While it didn't get big headlines, the demise of the petrodollar could mean big trouble for a U.S. government that depends on dollar dominance to support its borrowing and spending.

The latest government inflation numbers were released this morning, and after they came in lower than expected, gold and silver have surged again.

Previously, I presented the following long-term silver chart (only closing values and this time monthly): More details on the chart can be found here. Over the last 125 years, the silver chart has formed two remarkably similar patterns. The 49-year pattern from 1919...

A once-per-four-year signal says silver is about to rapidly surge higher within the coming months, and should achieve a price target of $47 - $50 per ounce by the end of the third quarter 2024. Get ready!

Silver use by the solar energy sector is one of the primary factors driving the overall demand for silver, and there is reason to believe photovoltaic silver off-take will continue to increase in the years ahead.

Given all of the attention that's been placed on the $30 level for the silver price in the past few years, as well as all of the technical trading that takes place around that level, it's not surprising to see the recent volatility ever since its broken through.

American consumers kept their credit cards in their pockets for the second straight month in April, a bad sign for an economy that has run on plastic for the last year.

By now, gold and silver investors have had a few days to process the latest selloff on Friday, that left silver again under $30, and gold only a few dollars away from breaking below the $2,300 level.

Gold and silver paused this week, along with the entire commodity complex. April's money supply stats show the second largest 2-week plunge in M2 ever. Meanwhile, the repo market hit $2 trillion traded nightly. Rafi Farber discussed how these forces will soon...

Our benchmark SP500 is on long term BUY signal. Oil sector is on a long term SELL signal. Gold sector is on a long term SELL signal.

Our cycle indicator is now DOWN. Current data favors overall lower silver prices.

When the Federal Reserve started raising rates, it precipitated a financial crisis. The central bank managed to paper over the problem with a bailout program, but the crisis continues to bubble and percolate under the surface.

Perhaps what's been most shocking about this year's silver rally is that the price has made its move in the face of a stronger dollar and higher yields.

Welcome to the Money Metals Midweek Memo, hosted by Mike Maharrey, where we discuss news and commentary related to sound money, precious metals markets, and the economy. 

While gold prices have been consolidating since mid-April and failing to generate sustained upward momentum, the silver bulls have taken control of the silver market. The surge above USD 25 at the end of March provided the long-awaited breakthrough the downtrend...

Last month, silver cracked the key resistance of $30 an ounce level for the first time in over a decade. It’s been quite a bull run for silver, and Chen Lin thinks it has plenty of legs left.

After finally breaking through the $30 level on May 17, and even trading over the $32.50 mark, the silver price has finally dropped back below the $30. Cause for concern?

Vince and Jordan recap May by talking about the economy and Gold against the 60/40 portfolio and the stock market. Vince covers the investment banks who are expecting rate cuts over the coming months, India’s massive Gold buying in Q1 and the increased buying from...

The white metal is red-hot, moving from $21.29/oz on Jan. 2, to the current $31.98, as of Tuesday, May 21, for a more than $10 gain!

Gold and silver took a rest this week, but then again so did the entire commodity complex. The money supply statistics are in for April and they show the second greatest 2-week plunge in M2 ever recorded. This is happening as the repo market bursts through $2...

The next 4 months or so are going to be tumultuous. It is now patently clear to all sides that the President of the United States has dementia, and politics in Europe are upending the continent.

Our benchmark SP500 is on long term BUY signal. Oil sector is on a long term SELL signal. Gold sector is on a long term SELL signal.

Our cycle indicator is now DOWN. Current data favors overall lower silver prices. We were stopped out with a small profit.

India imported more silver through the first four months of 2024 than it did in the entirety of last year. Indian silver imports totaled 4,172 tons of silver from January through April. That compares with 455 tons during the same period in 2023. 

Over the last 54 years, there have been virtually no significant silver rallies during a period when the US Dollar Index (DXY) was rising. If you are expecting a massive silver rally while US dollar strength continues, you will have a very low probability of success...

The white metal is red-hot, moving from $21.29/oz on Jan. 2, to the current $31.98, as of Tuesday, May 21, for a more than $10 gain!