• Gold: 1,200.09 1.07
  • Silver: 14.28 0.01
  • Euro: 1.176 0.002
  • USDX: 94.15 -0.035
  • Oil: 72.48 0.22

SWOT Analysis: Gold Is Now 85 Times More Expensive Than Silver

14 hours 11 min ago

The best performing metal this week was palladium, up 7.80 percent, scoring an eight-month high of $1,053.40 on Thursday, due to stockpiling by China, writes Kitco News. The World Gold Council reported this week that central banks added a net total of 193.3 tonnes of gold to their reserves in the first six months of 2018, representing an 8 percent increase from the same period in 2017 and the strongest first half of the year since 2015.

When Will Silver Reach a New High?

The Great Silver Market Myth!

The War Against Us

January 5: Gold and Silver Gain Over 1% on the Week

Gold fell $5.70 to $1316.20 in London before it jumped up to $1322.80 after the release of this morning’s jobs data and then fell to a new session low of $1313.80 in the next hour of trade, but it then climbed back towards its earlier high by late morning and ended with a loss of just 0.11%. Silver slipped to as low as $17.101 and ended unchanged on the day.

January 8: Gold and Silver End Slightly Lower

Gold fell $5.70 to $1314.80 in Asia before it bounced back to $1321.00 in London and then drifted back lower in morning New York trade, but it then bounced back higher into the close and ended with a loss of just 0.04%. Silver fell to as low as $17.04 and ended with a loss of 0.47%.

January 9: Gold and Silver Fall While Stocks Continue Higher

Gold fell $11 to $1309 in midmorning New York trade before it bounced back higher into the close, but it still ended with a loss of 0.45%. Silver slipped to as low as $16.914 and ended with a loss of 0.70%.

January 11: Gold Gains with Stocks and Oil

Gold edged down to $1315.70 in Asia, but it then chopped up to as high as $1323.90 in New York and ended with a gain of 0.33%. Silver slid down to $16.884 before it jumped back to $17.03, but it then drifted back lower into the close and ended unchanged on the day.

January 12: Gold and Silver Gain with Stocks and Oil on the Week

Gold gained $11.30 to $1333.10 in London before it pared back to $1324.70 at about 9AM EST, but it then climbed to a new session high of $1339.30 in afternoon New York trade and ended with a gain of 1.23%. Silver rose to as high as $17.283 and ended with a gain of 1.53%.

January 16: Gold Ends Higher While Stocks Reverse Lower

Gold saw modest gains in holiday thinned trade yesterday before it fell back to $1331.80 in London today, but it then jumped back higher in afternoon New York trade and ended with a gain of 0.1%. Silver slipped to as low as $16.791 and ended with a loss of just 0.17%.

January 17: Gold and Silver End Lower in Mixed Trade

Gold chopped between $1343.90 and $1332.90 in Asia and bounced back to $1338.90 in London before it fell to a new session low of $1332.00 in late morning New York trade and then jumped back to as high as $1340.50 in early afternoon trade, but it then dropped to a new session low of $1327.00 in late trade and ended with a loss of 0.77%. Silver slipped to as low as $16.992 and ended with a loss of 1.1%.

January 19: Gold and Silver Fall Roughly 1% on the Week

Gold gained $11.60 to $1337.90 in late Asian trade before it drifted back lower in London and New York, but it still ended with a gain of 0.44%. Silver rose to as high as $17.124 and ended with a gain of 0.47%.

January 22: Gold Ends Slightly Higher

Gold waffled between $1335.60 and $1328.60 in Asia before it climbed back up to $1335.50 in late morning New York trade and then fell back under unchanged by early afternoon, but it then jumped back higher into the close and ended with a gain of 0.18%. Silver chopped between $17.095 and $16.945 and ended with a loss of 0.06%.

January 23: Gold and Silver Gain With Oil

Gold gained $3.80 to $1338.40 in London before it dropped back to $1331.70 by midmorning in New York, but it then extended to as high as $1341.50 in the last hour of trade and ended with a gain of 0.48%. Silver rose to as high as $17.092 and ended with a gain of 0.24%.

January 25: Gold and Silver Fall Roughly 1%

Gold gained $8.30 to $1366.00 in Asia before it dipped back under unchanged in London and then climbed back towards its earlier high by about 1:30PM EST, but it then dove back lower into the close and ended near its late session low of $134290 with a loss of 0.71%. Silver slipped to as low as $17.148 and ended with a loss of 1.48%.

January 26: Gold and Silver Gain Over 1% and 2% on the Week

Gold gained $9 to $1357.00 in Asia before it drifted back to $1348.90 in London, but it then bounced back higher in New York and ended with a gain of 0.12%. Silver rose to as high as $17.535 and ended with a gain of 0.64%.

January 29: Gold and Silver Fall Roughly 1%

Gold fell $11.70 to $1337.90 in late morning New York trade before it bounced back higher in the next few hours, but it still ended with a loss of 0.56%. Silver slipped to as low as $17.116 and ended with a loss of 1.32%.

January 30: Gold and Silver End Slightly Lower, Dow Drops Markedly

Gold dropped $7.50 to $1334.50 in Asia before it bounced back to $1348.90 by a little after 9AM EST, but it then fell back off into the close and ended with a loss of 0.39%. Silver slipped to as low as $17.073 and ended with a loss of 0.41%.

January 31: Gold and Silver End Roughly 1% Higher

Gold gained $8.30 to $1345.10 by midmorning in New York before it dropped back to $1334.10 after this afternoon’s fed statement, but it then shot back higher into the close and ended near its late session high of $1347.50 with a gain of 0.67%. Silver rose to as high as $17.385 and ended with a gain of 1.29%.

Fresh New 2018 Lows in Silver and Mining Stocks

Silver was just breaking to new highs, gold stocks (HUI) were above the 205 level and gold was at levels not seen since August 2016. Gold and silver bulls were cheering. They are not cheering anymore. Even though the above was the case just several days ago, it was all invalidated, just like we expected it to be. Based on what happened on Friday, silver and mining stocks are at their new 2018 lows and their entire 2018 performance is a one huge bearish reversal. Where will precious metals in the following weeks?

February 5: Gold and Silver Gain While Dow Suffers Worst Daily Point Plunge in History

Gold gained $6.80 to $1338.60 in London before it drifted back towards unchanged in New York, but it then jumped to a new session high of $1341.50 in the last hour of trade and ended with a gain of 0.34%. Silver rose to as high as $16.904 and ended with a gain of 0.6%.

February 6: Gold and Silver Erase Overnight Gains and End Roughly 1% Lower

Gold gained $9.70 to $1346.00 in early Asian trade and held most of those gains into London, but it then fell back off for most of trade in New York and ended near its late session low of $1320.20 with a loss of 1.09%. Silver slipped to as low as $16.589 and ended with a loss of 0.6%.

February 7: Gold and Silver Fall with Stocks, Bonds, and Oil

Gold gained $10.60 to $1332.30 in Asia, but it then fell back off in London and New York and ended near its midafternoon low of $1311.90 with a loss of 0.48%. Silver climbed up to $16.775 before it dropped back to $16.297 and then bounced back higher in late trade, but it still ended with a loss of 1.63%.

Silvercorp Reports Q3 Results: Net Income of $12.7 Million, $0.08 per Share and Provides Fiscal 2019 Production and Cash Costs Guidance

Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX: SVM) (NYSE American: SVM) reported its financial and operating results for the third quarter ended December 31, 2017. All amounts are expressed in US Dollars.

February 13: Gold and Silver Gain Again

Gold gained $9.40 to $1330.70 in London before it fell back to $1322.90 in early New York trade, but it then rallied back higher into the close and ended with a gain of 0.61%. Silver rose to as high as $16.683 and ended with a gain of 0.3%.

February 14: Gold and Silver Gain Almost 2%

Gold gained $7.60 to $1336.90 in Asia before it dropped back down to $1318.50 just after this morning’s inflation data was released, but it then soared back higher for most of the rest of trade and ended near its early afternoon high of $1355.50 with a gain of 1.72%. Silver rose to as high as $16.929 and ended with a gain of 1.81%.

February 15: Gold and Silver End Higher In Mixed Trade

Gold gained $4.90 to $1357.00 in late Asian trade before it drifted back to $1348.60 in London and then bounced back above unchanged in early New York trade ahead of another dip into midday, but it then rallied back higher into the close and ended with a gain of 0.1%. Silver swayed between $16.976 and $16.648 and ended with a gain of 0.06%.

February 16: Gold and Silver Gain Over 2% on the Week

Gold gained $8.30 to $1361.70 in Asia, but it then fell to as low as $1345.00 in New York and ended with a loss of 0.35%. Silver slipped to as low as $16.618 and ended with a loss of 1.18%.

Gold Leads Silver

It is partially true that silver outperforms gold during precious-metals bull markets. In particular, it’s true that silver tends to achieve a greater percentage gain than gold from bull-market start to bull-market end. It’s also the case that silver tends to do better during the final year of a cyclical bull market and during the late stages of the intermediate-term rallies that happen within cyclical bull markets. However, the early stages of gold-silver bull markets are characterised by relative strength in gold.

Hi-Ho Silver!

If the latest COT report for silver gets any more bullish than the one released on March 23rd, commercial traders will have to go ‘net long!’ As it is, they reduced their ‘net short’ position to the lowest number in many years, down to just 4,000 contracts – barely 2% of the total open interest! This is bullish action! As recently as January 16th the number of ‘net short’ positions was 50,000, and the percentage of open interest was 26%.

Buy Silver with Reckless Abandon

Look at the positioning of the mighty Commercial Traders, who rarely lose money and who operate under the blinded eye of regulatory oversight and governmental sanctuary. As of last Tuesday, the most powerful group of traders ever to operate under the watchful eye of the Working Group on Capital Market wiggled out of a massive 41,497-contract short position in silver on January 23, and arrived in full regalia this week short a mere 3,709 contracts. To provide some modicum of perspective, the Commercials were short a notional amount of silver that would correspond to 207,485,000 ounces worth $3.3 billion at the $16.20 per ounce benchmark on January 23, and are now short a notional 18,545,000 ounces worth a paltry $300,429,000.

Trade War and Silver CoT – Details and Implications

Gold soared by the end of the week. Miners didn’t – the HUI didn’t even move above the previous March highs. Silver’s performance was rather mixed, but closer to the one of miners than the one of gold. Why did gold rally? Why didn’t miners rally? How can the silver CoT numbers help in this case?

March 26: Gold and Silver Gain Almost 1%

Gold climbed $10.10 to $1355.80 in late morning New York trade before it edged back lower into the close, but it still ended with a gain of 0.54%. Silver rose to as high as $16.785 and ended with a gain of 0.97%.

Has Silver's Time Finally Arrived?

Has silver's time finally arrived? This week Mike Maloney links to several pieces of news and data that show a massive shift in the silver market, as well as a gigantic nail in the coffin for the US Dollar Standard. Be sure to read the accompanying articles and watch the video Mike mentioned for some excellent in-depth analysis on why now might be the time for silver.

Silver Futures Report and JP Morgan Record Silver Bullion Holding Is Extremely Bullish

The COT data signaled we are close to bottoming and suggest that both gold and silver should make gains in the coming weeks and months. The data showed that the hedge funds and “Managed Money traders,” the “dumb money” speculators now have record short positions in silver. At the same time, the large commercials and including large bullion banks such as JP Morgan, the “smart money” and the “inside money” have reduced their shorts dramatically and are now long.

March 27: Gold and Silver Fall With Stocks

Gold fell $13.70 to $1340.20 in midmorning New York trade before it bounced back higher into the close, but it still ended with a loss of 0.64%. Silver slipped to as low as $16.471 and ended with a loss of 1.08%.

Revisiting 2011 and COMEX Silver

There has been a lot of talk lately about the bullish internals of COMEX silver, and rightfully so! The size of the Speculator net short position is the largest in two decades, and this is a decidedly bullish indicator. Since all of this data comes from the weekly, CFTC-generated Commitment of Traders reports, we thought it would be fun to take a look back today and compare/contrast the current open interest and CoT structure to 2011, the last time price got "disorderly" to the upside.

Optimist or Pessimist on Silver

Silver demand increases every year and will push prices higher. Our modern world depends upon electronics, computers, missiles, fighter jets, cruise missiles, technology, communication devices and more. Each new application adds to silver demand. Medical applications, electric cars and photovoltaic solar panels need more silver and will boost demand.

March 28: Gold and Silver Fall Over 1%

Gold saw slight gains in early Asian trade, but it then fell back off for most of the rest of the day and ended near its late session low of $1323.60 with a loss of 1.38%. Silver slipped to as low as $16.246 and ended with a loss of 1.33%.

March 29: Gold and Silver Fall Over 1% on the Week

Gold fell $4.50 to $1321.20 in late morning New York trade, but it then rallied back higher into the close and ended with a gain of 0.015%. Silver dropped down to $16.222 in early New York trade, but it then rallied to as high as $16.363 in afternoon trade and ended with a gain of 0.31%.

April 2: Gold and Silver Gain Over 1% While Stocks Drop 2%

Gold gained $18.80 to $1344.70 in early afternoon New York trade before it edged back lower into the close, but it still ended with a gain of 1.21%. Silver rose to as high as $16.673 and ended with a gain of 1.59%.

April 3: Gold and Silver Cut Into Yesterday’s Gains

Gold fell $13 to $1328.90 in late morning New York trade before it nearly halved its drop by early afternoon, but it then drifted back lower into the close and ended with a loss of 0.76%. Silver slipped to as low as $16.358 and ended with a loss of 1.08%.

April 4: Gold and Silver Erase Early Gains To End Mixed

Gold gained $16.40 to $1348.10 at about 9AM EST before it slid back lower into the close, but it still ended with a gain of 0.13%. Silver chopped between $16.528 and $16.248 and ended with a loss of 0.67%.

Silver Bullion: Should We Be Worried About Silver?

– LBMA report: volume of silver ounces transferred in February fell by 24% – Standard Chartered: gold-silver ratio and supply/demand fundamentals favour silver – Gold/silver ratio at near two-year high on silver’s underperformance – Silver COT reports remain more bullish than at any time in history – Silver expected to outperform gold as macro and industrial factors begin to drive price

Silver Finally Starts To Catch Up With Gold

Based on the gold/silver ratio one would expect silver to do better than gold even if both are rising. And based on the COT report, gold should fall while silver rises. Today the metals finally started to behave this way, with silver rising and gold falling.

April 5: Gold and Silver End Mixed Before Jobs Day

Gold fell $10.60 to $1322.80 at about 9:30AM EST before it bounced back higher into the close, but it still ended with a loss of 0.53%. Silver dropped down to $16.181 in Asia, but it then rose to as high as $16.417 in New York and ended with a gain of 0.49%.

Discussing Comex Silver

With the open interest in Comex silver blowing out to a new alltime high yesterday, we thought it best to discuss again what this indicates and what it doesn't. As of yesterday's Comex close, the total open interest in Comex silver is at an alltime high of 241,135 contracts. This blows away the previous alltime high seen on April 20 of last year at 234,787 contracts. Let's first hit the basics...

April 6: Gold and Silver Find Slight Gains on the Week

Gold fell $6 to $1320.30 in Asia before it climbed up to $1335.20 in early New York trade and then drifted back lower at times, but it still ended with a gain of 0.51%. Silver chopped between $16.258 and $16.489 and ended with a loss of 0.18%.

The Beautiful Chartology of SLV

SLV along with the PM stocks have been under performing gold in a pretty significant way. Normally you would like to see the PM stocks outperforming gold on the front end of a bull market similar to what we saw back in the beginning of the 2000 bull market in the PM complex. So far that hasn’t been the case.

Silver May Be Getting Ready to Shine Again

The bullion banks (Commercials) are almost certainly now betting for higher silver prices and have relinquished their concentrated short position. Meanwhile, the large speculators are positioned increasingly short. The good news for silver bulls is the bullion banks dominate the futures markets, by hook or by crook, and they generally win versus the speculators.

Is The Silver COT Bullish?

There’s been an abundance of commentary on the net long position of the “Swap Dealers” in Comex silver futures per the COT report. As of the latest COT report, the Swap Dealers are net long almost 22k silver contracts. This is unprecedented. At the same time, the “Large Speculators,” the majority of which is comprised of the “managed money” (hedge funds) sub-component, are net short nearly 17k silver contracts. The data my business partner tracks goes back to April 2004. In that period of time, the Large Speculator category has never been short until February 2018.

April 9: Gold Rises and Silver Gains Nearly 1%

Gold fell $6.10 to $1326.90 in London, but it then rallied back higher in New York and ended near its late session high of $1337.90 with a gain of 0.32%. Silver rose to as high as $16.552 and ended with a gain of 0.86%.

The 4 Biggest Signs For Silver - Mike Maloney Insider's Preview

There are some unprecedented events occurring in the precious metals markets right now - find out about the four biggest signs for silver in this delayed preview of Mike Maloney's Insiders Report (made available to customers on April 3, 2018).

April 10: Gold and Silver Gain with Stocks and Oil

Gold dipped $6 to $1331.30 in Asia before it bounced up to $1342.40 in early afternoon New York trade and then drifted back lower at times, but it still ended with a gain of 0.25%. Silver chopped between $16.435 and $16.645 and ended with a gain of 0.48%.