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Silver Headlines

Silver’s had a cracking run – what happens now?

July 22, 2020

Silver has risen almost 100% since its recent lows. And there's potential for much more. But it is the most fickle and frustrating of metals – it could hit $100 an ounce, or it could send you bankrupt. Dominic Frisby ponders which is more likely.

Silver Climbs Higher and Gold Nears Record in Flight to Havens

July 22, 2020

Silver’s surge has been getting an added boost from supply concerns and optimism about a rebound in industrial demand. Holdings in exchange-traded funds backed by the metal are at a record, while gold ETF holdings rose the most since mid-June on Tuesday and also sit at the highest ever.

Silver futures rally by nearly 7% -- highest finish since 2014

“In the early stages of the precious metals bull market, gold leads the way with silver being pulled up slowly by the rising gold price,” said Peter Spina, who is president of GoldSeek.com and SilverSeek.com, providers of news and analysis for the precious metals. “At a certain point, the relative value of silver versus gold gets more noticed and investors start to accumulate the ‘poor man’s gold’.”

Silver Price Hits $21, Up 80% in 18 Weeks from Covid Crash to Crush Gold/Silver Ratio Below 90

July 21, 2020

Peaking at 100 in the global economic recession of 1991, the ratio shot through that level this March, topping at 125 ounces of silver per 1 ounce of gold when the Coronavirus shutdowns of global economic activity saw the gray metal – which finds over half its end-demand from silver's industrial uses, against less than 1/10th for gold – plummet to the cheapest since 2009, down below $12 per ounce.

Silver prices soar to six-year high on ‘green recovery’ bet: FT

July 21, 2020

Silver prices have touched their highest level in six years, encouraged by low interest rates on other long-term assets as well as hopes that the industrial metal will be a winner in the “green recovery” promised by politicians. The price of the metal rose as much as 6 per cent to $21.17 an ounce on Tuesday afternoon — the highest in intraday trading since July 2014

Silver Futures Price Breaks $20, First time Since 2016

Silver reaches its highest level since mid-2016 (chart)

Citi Forecasts $25 Silver, Says It’s ‘Only a Matter of Time’ Before Gold Hits a Record

July 20, 2020

In other forecasts, Citigroup was bullish on silver and palladium on a six-to-12 month view. Silver is expected to rise to $25 an ounce over that period on sustained investment demand and a recovery in global growth.

Silver Soars, Outpacing Gains in S&P 500 and Gold

July 13, 2020

Precious metal has climbed 66% since mid-March, fueled by industrial demand and investors’ appetite for alternatives to gold and government bonds

Silver to become the new gold – Credit Suisse

July 13, 2020

Strategists at Credit Suisse have noted a great silver performance lately and expect the white metal to look for the $26.22 resistance on a break above $21.14. What’s more, Gold/Silver ratio shows the latter is in line to extend its outperformance.  “Silver continues to push its way higher and there are seen clear similarities between price action now and that of gold last year. However, only above 19.65/21.14 would see a multi-year base confirmed, with next resistance then…

Silver Is Not a Secondary Metal

With recent trend reversals in the gold/silver ratio gaining in momentum, we could see SLV bulls in a strong position to outperform relative to many of their commodities counterparts. Since the middle of March 2020, the iShares Silver Trust has already experienced rallies that would have been thought of as impossible just a short time ago and this makes it a great time to learn how to trade CFDs in silver markets. Bullish investors have been decisive in response to updated assessments of the…

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