Silver Editorials & Commentary

Bid and ask premiums for 90% silver U.S. coins are perhaps the most volatile of any among retail bullion products. At the recent peak of retail buying demand in 2023, ask premiums for these older, circulated dimes, quarters, and half dollars went north of $15/oz...

You know it is bad when you cannot even get positive labor reports after you fired the last person in charge for having the audacity to put out a bad report. Trump claimed the former head of the Bureau of Labor Statistics was trying to make him look bad when she put...

Well, silver and gold rallied strongly on Friday after the release of weak employment numbers from August. The market now believes it's a certainty that the Fed will resume rate cuts this month, with the only question being whether they cut a quarter or a half point...

Our cycle indicator is up. Current data favors overall higher silver prices. We are holding long positions.

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

Silver has rallied once again, breaking through the significant $ 40-per-ounce resistance level. It’s the first time silver has eclipsed $40 since 2011. Since last Friday (Aug. 29), silver has gained over 5 percent.

In case you weren't sure, we now officially have a silver rally going on. As today, the futures even broke $42 per ounce.

The recent silver breakout means that silver is likely on an almost clear path to this target area (previously presented):

With the price of silver up 25 percent through the first six months of 2025, investment demand has surged. However, U.S. investors have not hopped on the bandwagon – yet.

We're thinking about the expectations for where silver could go in the next year or two. So we're using technical analysis here. We're looking at history, looking at intermarket analysis as well, and doing all those things. We're going to put it together and come up...

Silver is building up to breaking out above the key $50 level to new all-time highs, a major technical event that is expected to trigger a scorching short-covering rally that will be driven by a massive short squeeze that could trigger a “forcé majeure” event where...

Some big news in the silver market this week – and I’m not just talking about how we just hit $40 an ounce on the silver price – but more on that in a moment. The other noteworthy development for the white metal is that the U.S. Department of the Interior wants to...

Our long term analysis remains that we are at or near the end of this bull market. A major correction can start some time in 2025. Our long-term stocks/bond model remains in favor of equities over bonds. Trend is up. Cycle is up.

Silver is on a long term BUY signal. Cycle is up. Trend is up. We are holding long positions.

The U.S. Department of the Interior has proposed adding silver to its list of critical minerals. The list, established in 2017, guides federal strategy, investment, and mine permitting decisions.

I’ve been spotting and writing a lot about volatility squeezes lately, which occur when volatility drops to extremely low levels and signal big upcoming moves. This dynamic is currently developing in assets such as gold and U.S. Treasuries. 

Mike Maharrey begins this episode of the Money Metals Midweek Memo by pointing out a paradox. Rising consumer debt is often reported as good news, framed as a sign of economic confidence. Analysts cheer when people borrow more, saying it means households are...

Even though the silver price was down yesterday, there was some big news released. As silver was added by the US Geological Society to the government's critical minerals draft list.

Keep big purchases off-market and control the price to which those transactions refer. That has been China’s strategy: No longer! In recent decades, China, which ranks fifth in global silver reserves, has not only mined 3,500-4,000 tonnes annually but imported large...

Declining South African mine output is contributing to the structural deficit in the platinum market, and the situation isn’t likely to improve soon. Platinum demand outstripped supply for the third straight year in 2024.

Mike Maharrey of the Money Metals Podcast sat down with David Morgan, CEO of The Morgan Report and author of The Silver Manifesto, to discuss the state of the silver and gold markets, inflation, central banks, and the future of global financial systems.

We know that people have valued gold and silver for thousands of years, but new evidence reveals that people were using the metals in a much more sophisticated way earlier than originally thought.

Our cycle indicator is up. Speculation now at levels of previous tops. SILJ is on short term buy signal.

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

Corporate bankruptcies hit a 14-year high in 2024, and the pace continued through the first seven months of 2025. This should throw cold water on those who imagine the U.S. economy is booming, and it underscores the Catch-22 facing the Federal Reserve as it wrestles...

We've finally seen the gold and silver miners rally this year. But when you think about what the institutional fund managers are looking at right now, it raises the question, is the miner rally already over?

Iran has found a solution to its inflation problem. Just lop some zeros off the currency. A parliamentary economics committee recently approved a bill to re-denominate the rial. The new currency would retain the name, but one new rial would equal 10,000 old rials....

How convenient: Just as a “top economist” for Moody’s says that GDP may not be as reliable as it once was for gauging when we go into recession, Trump’s new appointee to replace the director of the Bureau of Labor Statistics, whom he fired, says the best solution...

Producer prices rose significantly more than expected in July, throwing markets into turmoil and calling into question what seemed like an almost certain Federal Reserve interest rate cut in September.

You've likely heard about the ongoing silver deficit, where demand has outstripped supply for the last 5 years now, and is on track to continue in the years ahead.

The price of silver in 2026 is expected to move to $50 an Ounce. While the expected outcome in 2026 may be a quick drop after moving into the $44 to $52 area, there is a high probability that the price of silver will enter new highs either in 2026 or 2027.

Our cycle indicator is up. Speculation now at levels of previous tops. Silver is on a long term BUY signal.

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

Uncle Sam is cashing in on tariff revenue, but it’s not keeping up with his out-of-control spending habits. Despite triple the amount of tariff income, the July budget deficit surged to $294.14 billion, 19 percent higher than a year ago, according to the Monthly...

One of America’s largest national precious metals dealers and the nation’s leading sound money public policy group today recognized two outstanding state lawmakers for their leadership in advancing sound money policies in 2025.

As it's becoming increasingly clear that we're in the midst of a great period of economic change, Treasury Secretary Scott Bessent just made the most important admission of his tenure yet.

Silver, like gold, is a precious metal that offers investors protection during times of economic and political uncertainty. However, much of silver’s value is derived from its industrial demand. It’s estimated around 60% of silver is utilized in industrial...

There has certainly been a lot of chaos in the financial markets since Trump started his second term. Even aside from the tariffs, we've seen the dollar index plummet in the time Trump's been in office, amidst numerous comments from Trump cabinet officials about how...

The latest CPI inflation numbers came out yesterday, and although Trump didn't fire the person responsible for compiling that data, the latest numbers also don't really give you the full truth.

The July CPI data indicated moderate price inflation and boosted optimism for a September interest rate cut, even though monetary inflation is on the upswing.