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Silver Headlines

Volatile gold prices dim Indian sales; Silver shines in some hubs

February 12, 2021

Volatile gold prices dim Indian sales; #Silver shines in some hubs   ** Silver has seen an influx of fresh interest with analysts also betting on a further upside this year from industrial demand.   ** Japanese buyers too bought silver, dealers said.   https://www.reuters.com/article/idUSKBN2AC1LF

Idaho House Votes to Encourage Holding Physical Gold and Silver to Protect State Reserves (GoldSeek)

February 12, 2021

Boise, Idaho (February 11, 2021) -- The Idaho State House today overwhelmingly approved a bill which enables the State Treasurer to protect state reserve funds from inflation and financial risk by holding physical gold and silver. State representatives voted 51-19 to pass House Bill 7, the Idaho Sound Money Reserves bill, sending the measure introduced by Representative Ron Nate (R-Rexburg) and Assistant Senate Majority Leader Steve Vick (R-Dalton Gardens) to the Senate…

Silver price will outshine gold as demand hits 8-year high in 2021 – Silver Institute

February 11, 2021

Global demand for silver will rise to 1.025 billion ounces in 2021, its highest in eight years, as investors and industry ramp up purchases, the Silver Institute said on Wednesday, predicting that prices would rise. https://www.mining.com/web/silver-will-outshine-gold-as-demand-hits-8-year-high-in-2021-silver-institute/

Is silver a good investment? A beginner's guide to silver and the role it can play in your portfolio

February 10, 2021

Is silver a good investment? A beginner's guide to silver and the role it can play in your portfolio Silver is seen as a safe haven investment in uncertain times, a hedge against inflation and stocks. Silver's use as an industrial metal in many fields also affects its price performance and outlook. Silver is cheaper than gold, but more thinly traded, making it more volatile and illiquid. https://www.businessinsider.com/is-silver-a-good-investment  

Secretive Vaults Under London Store Silver and Gold (Bloomberg Video)

February 08, 2021

Many Reddit-informed traders own silver through an ETF. They might technically own it, but they probably will never be able to visit their holdings. Bloomberg’s Dani Burger has more on the secret vaults that hold silver and gold around London. (Source: Bloomberg) https://www.bloomberg.com/news/videos/2021-02-08/secretive-vaults-under-london-store-silver-and-gold-video

Goldman Commodities Strategist Says Silver Is the Populist Metal (Bloomberg)

February 07, 2021

You go back in history for hundreds of years, silver has always been associated with populist movements. And so the market today is focused on the Hunt brothers cornering of the silver market as the historical analog. We think the appropriate historical analog is actually William Jennings Bryan’s “Cross of Gold” speech where essentially he argues that the government and the banks were suppressing inflation and economic potential. It was just similar to the rhetoric that the WallStreetBets…

Silver surge could signal coming commodities boom (FT)

February 05, 2021

Last weekend everyone slightly wished they owned silver. The social media-driven investors who so upset the market with their short squeeze on GameStop spent Saturday and Sunday chatting about doing the same to the metal — which obligingly rose 7.7 per cent on Monday alone. ... So where are we in the cycle now? At the beginning of the good bit (from an investor point of view at least.). The big metal miners effectively went on investment strike in 2014 — stopping almost all expansionary…

Silver Coins Still in High Demand Even With Drop in Metal Price (BNN)

February 05, 2021

Silver Coins Still in High Demand Even With Drop in Metal Price https://www.bnnbloomberg.ca/silver-coins-still-in-high-demand-even-with-drop-in-metal-price-1.1559233

Silver Steadies After Wild Swings as Reddit-Fueled Furor Eases (Bloomberg)

February 03, 2021

Silver Steadies After Wild Swings as Reddit-Fueled Furor Eases (Bloomberg) https://finance.yahoo.com/news/silver-finds-calmer-tone-posting-235125716.html

Silver claws back momentum as market looks past retail-led gyrations

February 03, 2021

* Some volatility to persist in silver, analysts say * Record jump in iShares Silver Trust holdings on Tuesday Feb 3 (Reuters) - Silver regained momentum on Wednesday as the market’s focus returned to prospects for higher demand for the metal as the global economy picks up, after a sharp slide in the previous session halted a social media-inspired buying spree. https://www.reuters.com/article/idUSL4N2K92AT

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