• Gold: 1,495.09 -4.11
  • Silver: 17.01 -0.05
  • Euro: 1.107 -0.001
  • USDX: 98.17 -0.083
  • Oil: 55.47 0.11

What About Silver?

15 hours 48 min ago

I would like to take an in-depth look at Sliver and show you the bottoming process that finally came to an end in late May of this year. There is no question that silver as been the laggard when it comes to the PM complex similar to what we saw back in the early 2000’s when gold led the way for the rest of the PM complex. Silver eventually caught fire and actually topped out in April of 2011 a full five months before gold and the PM stock indexes. If you’ve been trading silver for any length of time then you know when it moves it can make up lost ground in a hurry. Since the early 2016 low SLV has been trying to bottom around the 13 area. Every time it would find support and rally higher SLV could never maintain its impulse move higher. Below is a one year daily chart for SLV which shows a small double bottom that formed late last year and after reaching the double bottom price objective at 15.00 the price action declined once again toward the bottom of the previous lows. This time however SLV was able to find its low slightly above its 2018 double bottom low forming the blue bullish falling wedge.

January 18: Gold and Silver Fall Almost 1% and 2% on the Week

Gold fell $10.50 to $1281.30 at about 8:30AM EST before it chopped back higher in morning New York trade, but it then fell back off gain in late trade and ended with a loss of 0.86%. Silver slipped to as low as $15.327 and ended with a loss of 1.29%.

Arizona Legislator Proposes Securing State Reserves with Gold and Silver

An Arizona legislator has put forward a bill to de-risk the state’s financial holdings with a modest allocation to physical gold and silver in the state’s reserve fund. Introduced by Representative Mark Finchem (R-Tucson), the Arizona Sound Money Stabilization Act (HB 2500) requires that at least 10% of Arizona’s Budget Stabilization Fund be held in the monetary metals in a secure depository.

Silver Market Trends - 2019 (The Silver Institute)

(Washington D.C. – February 5, 2019) Last year, the silver market faced a challenging environment which was reflected in a muted price performance. Preliminary estimates point towards a minor 0.3 percent increase in total supply whereas demand contracted 3 percent. A slowing Chinese economy, coupled with rising U.S. interest rates, an equity market bull run, and global trade tensions, affected the price performance across many markets, including gold and silver. This year, we expect the sentiment to be more supportive for the silver market. The start of 2019 has already proven to be good for silver investors. The U.S. Mint for example, sold 12 percent more American Eagles in January compared to January 2018. In addition, the expected slowdown in the U.S. FED rate hiking cycle should also benefit silver, which in comparison to gold, has a very attractive price point based on the high gold:silver ratio at around 82. Against this backdrop, the Silver Institute provides the following insights on 2019 silver market trends.

New Pacific Reports High Recovery of Silver Achieved for Sulphides and Transitional Mineralized Materials from Silver Sand, Bolivia

VANCOUVER, British Columbia – February 7, 2019 – New Pacific Metals Corp. (TSX-V:NUAG) (OTCQX:NUPMF) (the “Company”) is pleased to announce the preliminary results of the first metallurgical test work for its Silver Sand project in Potosi, Bolivia. Metallurgical sampling and test work commenced in September 2018 – the flotation recovery and bottle roll leaching test works for the transition and sulphide mineralized materials have been completed and test work on the oxides is under way. All tests, including column leaching test works, are expected to be completed by the end of April 2019. Positive recovery results have been achieved in the extraction of silver by the processes of flotation and direct cyanidation from the initial metallurgical test work.

Assay Results 'Give a Sense of the Tremendous Scope' of Bolivia Project

We are barely into the third month of the year, but New Pacific Metals Corp. (NUAG:TSX.V; NUPMF:OTCQX) has been moving nonstop, announcing major land expansion news and off-the-charts drill results. In January, the company announced a major land expansion of its Silver Sand project in Bolivia though an agreement with Corporación Minera de Bolivia (COMIBOL) granting New Pacific the right to carry out exploration, mining and production on lands adjoining Silver Sand. The Mining Production Contract (MPC) is for a total of 56.9 square kilometers, a many-fold increase from the original 3 square kilometer Silver Sand land package.

Kootenay Reports Positive Metallurgical Results from Cervantes Gold Project, Sonora, Mexico - under Option to Aztec Minerals

The Cervantes Property is held under an earn-in option to agreement whereby Aztec Minerals can acquire up to 100% interest in the property in two stages, with Kootenay retaining a 2.5 % NSR and receiving a payment of US$5.00 per ounce or gold equivalent based on a NI 43-101 Resource Estimate. See Kootenay news release dated October 13, 2015.

Precious Metals Update Video: Gold-Silver ratio is starting to favor silver

Precious Metals Update Video: Gold is not overbought. Silver - lower lows, lower highs.

Precious Metals Update Video: Silver has not yet turned that corner..

Silver has not yet turned that corner (video technical update)

Precious Metals Update Video: Silver hits lower bollinger band support

Precious Metals Update Video: Silver hits lower bollinger band support, important support area and oversold.

Precious Metals Update Video: Silver oversold, trend is down

Silver oversold, trend is down.

Get on the Ira Silver Train

For more modest IRAs you may want to consider Gold Star Trust. Simply set up an account on line and then roll over some or all of your funds into the new account. Gold Start Trust was formerly American Church Trust and specialized in Church bonds. I have been associated with them for almost 20 years. After you account is funded simply call your favorite precious metals dealer (yours truly for one) and you can purchase precious metals for your IRA. The metals have to be held in a 3rd party depository which is where Gold Star Trust comes into play. Your metals dealer ships the precious metals to Gold Star and they pay directly from your IRA account. There are a few restrictions on allowed metals but most popular forms of precious metals are allowed in the IRA. Storage costs are reasonable.

World’s Largest Primary Silver Miner Production Plunges

Silver production at the world’s largest producer fell significantly in the first quarter of the year. Fresnillo PLC reported a decrease in silver production in Q1 2019 versus the same period last year, due to lower ore grades and reduced volumes of processed ore at its Fresnillo Mine. Furthermore, while silver production fell the most at its Fresnillo Mine, the company also experienced declines at its Saucito and San Julian Mines. Total silver production at Fresnillo PLC dropped by 15% in the first quarter compared to the same quarter in 2018.

New Pacific Reports First Results from 2019 Drill Program at Silver Sand, Bolivia – Continuing intersecting wide silver mineralization near surface including 169 g/t silver over 144.2m

The 2019 drilling program at Silver Sand commenced in late April and is expected continue throughout rest of the year. These first eight holes were part of the infill drilling program to bring drill hole density to approximately 25 metre by 25 metre spacing and to produce a mineral resource estimate in accordance with NI 43-101 at the end of 2019. These holes were approximately oriented at azimuths of 60 degrees and dips of -45 degrees. These first eight infill holes have intercepted significant silver mineralization similar to those reported from the 2018 drilling program, and adequately confirms the continuity of mineralization within the drilled extents.

New Pacific Reports Continued Exploration Success at Silver Sand Including Wide Mineralization Intercept of 104.5 metres grading 183 grams per tonne Silver

New Pacific is a Canadian exploration and development company which owns the Silver Sand Project in Potosí Department, Bolivia and the Tagish Lake gold project in Yukon, Canada. New Pacific has Silvercorp Metals Inc. (TSX/NYSE American: SVM) and Pan American Silver Corp. (TSX/NASDAQ: PAAS) as its 28% and 16.8% shareholders.

What the Rally in Gold Means for Silver Prices (video)

Bloomberg: In this edition of "Charting Futures," Interactive Brokers Chief Strategist Steve Sosnick examines the rally in precious metals with Bloomberg's Abigail Doolittle on "Bloomberg Markets: The Close." (Source: Bloomberg)

Fool's Silver: Why Most “Silver Miners” Don't Live Up to Their Name

If you buy shares in a silver mining company, you will have to assume additional market risks compared to ownership of silver bullion. You may wish to do so in order to potentially gain leveraged exposure to silver prices. What you may not realize, however, is that most of the publicly traded “silver” stocks out there are primarily in the business of mining other metals – sometimes gold, often copper, zinc, lead, and other base metals.

Silver Seeks to Catch Up With Gold

The best performing metal this week was silver, up 6.40 percent on perhaps a paradigm shift as the investors poured $133 million into silver bullion ETFs on Wednesday, the single biggest inflow in six and a half years. The weekly Bloomberg survey of gold traders and analysts shows that most are bullish on the yellow metal as prices broke through a five-year high and touched $1,453 per ounce on Friday morning. Traders seem to be set on an interest rate cut from the Federal Reserve this month, which is helping gold, even as some better-than-expected economic data was released on Tuesday. Turkey, which often sells its gold, saw its reserves rise by $71 million this week compared to last.

Goldfinger, Silver and Gold

As of July 5, the gold to silver ratio stood at 93, the highest since 1993. This ratio is not a precise timing indicator, but high ratios have always indicated major bottoms in both metals. While low silver prices anger some investors, the wise are buying. The stock market since 2009 has rallied based on near-zero interest rates, huge stock buybacks benefiting management, media hype, and trillions of new corporate, government and individual debt. It might rally further, but a risk to reward analysis suggests a high risk and low potential reward for the over-valued stock market in 2019. Silver is in the opposite position. Prices have fallen for eight years and built a five-year base. Expect much higher prices in late 2019 and 2020.

Two sectors with mind boggling potential over the next 5-10 years

While I think we are entering an inflationary phase and during an inflation everything tends to go up together (at least during the initial and middle phase of the inflation) there are two sectors in particular that I think have absolutely mind boggling potential over the next 5-10 years. Silver maybe more than anything is a time bomb waiting to explode. You rarely get a prettier (and longer) basing phase than this one..

Why The Coming Silver Rally Might Be The Greatest

n the last one hundred years there have been some great silver rallies. Some have been greater than others though. The economic conditions underlining the different silver rallies were not all the same. Obviously those that occurred during conditions most conducive to silver rallies were the great performers. The coming silver rally could be the greatest especially since it potentially has most conditions in common with the great silver rallies.

Silver Prices – The Next Five Years

Silver prices move higher as population adjusted national debt increases. (Dollar devaluation drives all prices higher.)Silver prices move higher and lower with crude oil, another commodity. Silver prices move opposite to the S&P 500 Index. (Investor preference for commodities versus paper assets.) The model weighs and combines these macroeconomic variables to produce a “calculated silver price.” Call it a “fair value” price.

As gold and silver catch fire, what's happening?

Ordinarily it would seem that circumstances are hugely favorable to gold and silver. But if governments lose on the market-rigging front, they can always become more openly totalitarian -- confiscating gold or outlawing private possession of monetary gold, imposing windfall profits taxes on capital gains in gold, raising royalty requirements on gold-mining companies to prohibitive levels, and so forth. So even as we all may hope for the best -- free and transparent markets, and limited and accountable government -- your secretary/treasurer's only prediction is borrowed from Orwell's "1984": "If you want a vision of the future, imagine a boot stamping on a human face, forever." To prevent that is another reason to press on in the morning.

Silver prices book largest daily rise in 3 years as gold ends 2.4% higher

A recent report from Sprott Asset Management contributor Paul Wong, tracking gold and silver trading in July, notes that buying of those precious metals has spread to individual investors. “We are now just starting to see gold buying broaden out to retail, individual investor level. By all historical measures, we should see silver play a phenomenal catch-up trade to gold in the next few months,” he wrote.

New Pacific Reports Continued Exploration Success at Silver Sand Including Wide Mineralization Intercept of 104.5 metres grading 183 grams per tonne Silver

New Pacific is a Canadian exploration and development company which owns the Silver Sand Project in Potosí Department, Bolivia and the Tagish Lake gold project in Yukon, Canada. New Pacific has Silvercorp Metals Inc. (TSX/NYSE American: SVM) and Pan American Silver Corp. (TSX/NASDAQ: PAAS) as its 28% and 16.8% shareholders.

Silver Price Update - Don't think rally is done..

Silver price technical update. 200 DMA will hold, $16.33. Sustained move coming. If we can close near the weekly highs today..

What the Rally in Gold Means for Silver Prices (video)

Bloomberg: In this edition of "Charting Futures," Interactive Brokers Chief Strategist Steve Sosnick examines the rally in precious metals with Bloomberg's Abigail Doolittle on "Bloomberg Markets: The Close." (Source: Bloomberg)

Fool's Silver: Why Most “Silver Miners” Don't Live Up to Their Name

If you buy shares in a silver mining company, you will have to assume additional market risks compared to ownership of silver bullion. You may wish to do so in order to potentially gain leveraged exposure to silver prices. What you may not realize, however, is that most of the publicly traded “silver” stocks out there are primarily in the business of mining other metals – sometimes gold, often copper, zinc, lead, and other base metals.

Kootenay Announces $5 Million Investment by Strategic Investor Eric Sprott

James McDonald President and CEO stated “We are very pleased to have the support of Mr. Eric Sprott as a major investor in Kootenay.Having Mr. Sprott make a significant investment in the Company is a strong endorsement of our silver asset base. This financing puts us in a very strong financial position and allows us to move aggressively forward on not just Columba, but our other key assets as well.”

K.I.S.S. Strategy – Part One

History shows that debt will increase until the system resets. Increasing debt creates more currency in circulation and higher prices as the dollar devalues. Read “The Three D’s of Doom.” History and the empirical price model show that silver prices are too low. Expect higher prices for several years. Read “Silver Price Forecast.” Trusting politicians will spend, central bankers will devalue, consumer prices will rise, and silver prices will be multiples higher in 2025…

It's Time to Get Serious about Silver

Start laying in some physical gold and silver. There is compelling evidence that as the price reaches about $26, a major resistance point from years' past, "the public" – your friends and neighbors – will finally decide to join the crowd. With such a relatively small market you can be certain, assuming availability, both the price and the premiums will be much higher than they are today. So what's the point of waiting?

Are We Nearing The Breakpoint In The Silver Market?

After getting a thorough simulation of what it feels like to watch paint dry over the past eight years, the silver market is finally showing some signs of life. After rising almost $2.50 from the May 20 $14.41 lows (coincidentally also the same time the banks finished buying back their short position – as can be seen by the red line in the middle section of the chart below), silver recently even crossed above the $17 mark.

The Silver K.I.S.S. Strategy

NFLATE OR DIE! Create more debt and higher prices, and transfer wealth from the many to the few. Our President wants lower interest rates. The Fed wants more inflation so they can expand the fiat currency Ponzi scam. Congress wants to spend, spend, spend… And they will get it. Enter MMT..

New Pacific Reports High Recovery of Silver From Various Metallurgical Processes for Sulphide, Transition and Oxide Styles of Mineralization From Silver Sand, Bolivia

New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) (the “Company”) is pleased to announce the final results of a preliminary metallurgical test work program for its Silver Sand Project. The Company is very pleased with the positive results achieved so far from the completed test work. The results suggest that the mineralized materials from the Silver Sand Project would be amenable to processing using conventional flotation or whole ore cyanidation at atmospheric pressure at large scale. This preliminary metallurgical program has demonstrated that good silver extraction rates are possible using these simple extraction methods and that further improvements and refinements should be possible in future programs after fine-tuning the various test parameters.

What About Silver?

I would like to take an in-depth look at Sliver and show you the bottoming process that finally came to an end in late May of this year. There is no question that silver as been the laggard when it comes to the PM complex similar to what we saw back in the early 2000’s when gold led the way for the rest of the PM complex. Silver eventually caught fire and actually topped out in April of 2011 a full five months before gold and the PM stock indexes. If you’ve been trading silver for any length of time then you know when it moves it can make up lost ground in a hurry. Since the early 2016 low SLV has been trying to bottom around the 13 area. Every time it would find support and rally higher SLV could never maintain its impulse move higher. Below is a one year daily chart for SLV which shows a small double bottom that formed late last year and after reaching the double bottom price objective at 15.00 the price action declined once again toward the bottom of the previous lows. This time however SLV was able to find its low slightly above its 2018 double bottom low forming the blue bullish falling wedge.