Silver Editorials & Commentary

While it's easy to get caught up in the day to day trading of silver, there's a lot of history to the silver market, which can often be quite useful in understanding where the market might be headed.

After an impressive six-month recovery rally, precious metal prices reached a significant high on May 3rd. While the spot gold narrowly missed its all-time high of USD 2,075, settling at USD 2,067, silver failed to surpass the USD 26.12 mark. As a result, a small...

With prices reaching nearly USD 31,000, Bitcoin’s recovery rally hit its peak on April 14th. This resulted in a doubling of prices within a span of five months. Our initial two price targets of USD 25,000 and USD 30,000 were achieved. Bitcoin – New fantasy despite...

Silver remains in a tight trading range as open interest in silver futures nears a 6 month high. That suggests a price smash ahead for paper traders is a strong possibility in order to get those numbers down. The possibility of a spot price smash doesn't have much...

Our long term stocks/bond model is in favor of equities over bonds. Trend is up. VIX is down and markets are up.

Cycle is down. Trend is up. A correction is near completion. We are holding positions in gold stock ETFs and hedged.

As anxiety grips the white metal, is a retest of the 2023 lows or highs more likely? With the Fed’s hawkish crusade helping to suppress gold, silver, and mining stocks, the permabulls have gone from loud to quiet. Moreover, with resilient demand supporting inflation...

Silver and gold prices are rallying this morning ahead of the Fed's latest policy meeting, following a lower than expected reading from the May Producer Price Index.

Last week Newmont suspended operations at its Peñasquito mine in Mexico in response to a labor strike, which has an impact on the silver supply, as Peñasquito was the second largest silver producing mine in the world at 32.4 million ounces produced in 2022.

Cycle is down. Trend is up. A correction is near completion. We are holding positions in gold stock ETFs and hedged.

Do cryptocurrencies still have value? Some would say yes, absolutely. Others might be rethinking previous expectations for cryptocurrencies. We give the nod to the former – with some strong caveats.

Our long term stocks/bond model is in favor of equities over bonds. Trend is up. VIX is down and markets are up.

In this video we evaluate the key support and resistance levels for Silver and comment on its net speculative position and open interest.

The big story in the financial markets so far this year has been the stunning bank failures in March and April. Which led to a surge in gold and silver demand, that has since subsided, but not gone away.

It's been a rather quiet week in the gold and silver markets, perhaps unsurprisingly, with the market's attention largely focused on the Federal Reserve's upcoming policy meeting next Wednesday.

We have now moved into an era of rising interest rates that is similar to a period that started in the early 1940s. At the start of this period, the Government Debt to GDP ratio was also around 120%, close to where it eventually topped/popped.

While the US political system reached a resolution to once again raise the debt ceiling last week, the unfortunate news going forward is that the deficit spending is now in place to increase at an even faster pace.

The financial markets are off to a quiet start this week, perhaps taking a breath after the resolution of the debt ceiling last week, and ahead of the Federal Reserve's next policy meeting next Wednesday.

After a brief rally, U.S. nonfarm payrolls helped suppress silver’s momentum. Is there more downside ahead? While the permabulls bought into the rate-cut hype, we warned on Apr. 14 that the fundamentals did not support their enthusiasm. We wrote:

The big news in the silver space this week was that there was another large withdrawal from the COMEX registered silver supply, bringing the registered category down to 28 million ounces.

Well, after months of political melodrama, Congress finally did what it was always does in the end – and that is to authorize more deficit spending. On Thursday night, the U.S.

Our long term stocks/bond model is in favor of equities over bonds. Trend is up. VIX is down and markets are up.

Cycle is down. Trend is up. A correction is in progress. We are holding positions in gold stock ETFs and hedged.

Here are today's videos and charts.

Earlier this year the Silver Institute's World Silver Survey was released, and they showed that the silver market was in a 237 million ounce deficit in 2022.

Our long term stocks/bond model is in favor of bonds over equities. Trend is up. VIX is now up, caution is advised

Our cycle indicator is DOWN. SLV is on short term sell signal. SILJ is on short term sell signal. Current data supports overall higher silver prices.

Despite the permalbulls oozing with overconfidence, we warned on May 5 that their discourteous behavior is often a precursor to a reversal. We wrote: The crowd remains immensely confident, which is a positive sign, not a negative one. When the permabulls count their...

On Thursday the silver price continued its decline, as it was down again in response to the continuation of the dollar's rally. So in today's show we look at why the dollar has been rallying, and the impact that's had on silver (as well as gold).

In the Silver Institute's 'World Silver Survey' released in April of this year, they calculated that the silver market ran a 237 million ounce deficit in 2022. Yet what's even more problematic about the situation is that with the current silver price and mining cost...

In the last few weeks the silver premium levels have been slightly lower, as a sense of calm has returned to the markets following 2 months of chaos in the banking sector. Yet the supply of junk silver remains tight following the surge in demand caused by the recent...

Silver has just witnessed a rare false breakout. A false breakout is when a market overcomes a defined level of selling pressure, only to fail to hold above that level following a period of consolidation. The result after a false breakout is often lower prices;...

One question that often comes up in the silver community is what it will take for silver to experience a price breakout. With many feeling that it will require participation from the mainstream investment world.

With the Treasury down to $68 billion and a debt ceiling deal just around the corner, few are considering what happens to banks when a deal finally is struck and the Treasury has to raise $1 trillion in short term cash in a matter of weeks.

Our cycle indicator is DOWN. Investors: Accumulate positions during an up cycle and hold for the long term.

After support became resistance, are lower prices ahead, or is this just a cooling-off period?

Our long term stocks/bond model is in favor of bonds over equities. Trend is up. VIX is now up, caution is advised.

One of the big developments in the gold and silver markets this year has been that as prices have risen, we've seen a lot of the major banks begin to put out bullish gold and silver reports. And now Bank of America is the latest to issue a note about silver.

The recent bank failures during March and April sparked a rush into gold and silver, that resulted in a spike in premiums, and delays in certain products.

So, on Aug. 11, 2011, I concluded my first gold article  as follows: "Again, since we are most probably in the final stages of this parabolic fifth wave "blow-off-top," I would seriously consider anything approaching the $1,915 level to be a potential target for a...